MKY mky resources ltd

some ta if your interested, page-16

  1. 491 Posts.
    "So to each his own, and let the market prevail"

    Agreed, the market usually gets it right.

    I use charts simply to confirm direction and at which price points there have been heavy increases in volume.
    I know plenty of TA's that can read the left hand side of a chart but I have never met one that can read the right hand side especially with the unknown possibility of a major announcement.

    As for fundamentals, I hold shares some companies that I wouldn't have a clue what they do. The only time I research is when I decide to pyramid buy some more stock in the same company.

    What I have found is that a pending announcement is usually preceded by an increase in volume. How does that work you might ask yourself but we all already know the answer.

    I trade on volume increases without news and it does more than the job for me. I use a live data platform called turbotrader from http://turbotrader.net.au and I swear by it.

    My four essential tools are:-
    1 - TurboTrader for early volume based entries
    2 - E*Trade as my trading platform and intraday charts
    3 - Hotcopper for research once you sort it all out
    4 - Metastock charts for trends and supports

    They certainly work for me.

 
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