Charting is about the sum of all parts - the structure the candles the volume support resistance -ma's are also a good guide - the indicators help you to see various things - I only use a few indicators to confirm demand or strength - you also have to be able to understand how to look at the overview and the scenario that may play out - It is not that easy to explain all this stuff - most of us have spent a lot of time learning - so there are points that a TA trader will know what usually happens - and can act on various calls - It is impossible at certain times to know what will happen - however - I do follow a lot of the regulars and see what they are thinking - Of course everyone has differing opinions and various levels of skill -
It is not uncommon that a fundamentally orientated person will not see how something can be running - This has been discussed and fought about over the years - and not often those two viewpoints line up ---
I often see some ripping into peeps that make calls- unfairly at times - and other times It is funny cause some are irrelevant and trying to sell something - the variations on this are as variable as opinions = never ending
Maybe a bit less suggestive language is a fair thing to keep in mind - again hard to control -
Asking question or a adding more info if people think something has been left out is maybe helpful - if people think a call is wrong shady or not active is always hard as - I really don't have the answer for every situation -
However it is a fine line to walk to critique the calls that are made - because you really have to be excellent at everything to be right all the time - well researched up to date on a lot of information and be able to assess the chart and what it is doing fast --- There is no way to filter people making calls -or control the quality - And it is also not enough to say something is no good you have to back up criticism with a bit of a case imo
A lot of the stuff that runs at the tiny end is dangerous - things do get pumped for raises -anticipation of news - lots of reasons knowing this before you start is a must - but how do you educate people to not follow others blindly = you can't is the short answer.
On the other hand those things can be very tradeable - so in short that is also acceptable in the Daytrading arena - the criteria is 'moving'
It is always a difficult balance to allow this thread to be what it is - for daytrading good bad and tricky -
What works best is to find things in the scans look at charts and FA a lot of the regulars do this look for good setups where something is possibly happening - and also get alerts from those that know various companies well and are watching - so they know something is happening .... The other one is news - and that is a whole convo on how each thing will play out with gap ups morning pullbacks etc - there are so many opportunities- so many variations on how to trade it all -
Best way is to just post good ideas imo - let everyone make up their own minds
