STTrading weekend thread 24th and 25th of February 2024, page-33

  1. 2,661 Posts.
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    Bots
    I used to wonder about bot activity and have previously tried analysing it, but I don't really these days. It's because with TA you can generally determine a buy and sell price. If you stick to those TA ascertained prices then you're not fussed about bots, instos and others.

    There is one bot signal which still makes me wary. It's where the last executed trade for the day has a volume of 1. It's quite often followed by downward share price movement. This is more mysticism than anything substantial, because that trade of 1 volume has occurred when the share price is in an uptrend too. When I see it though I kind of curse under my breath, hehe.

    Entries
    My top favourites would be;
    1. a break of a downtrend line or consolidation period
    2. A good fibonacci level such as 61.8% retracement, or whatever the chart shows should happen.
    3. after a previous chart pattern has finished and signs of a new pattern\phase has commenced

    This is all in combination with other TA and what the chart shows.


 
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