MKY mky resources ltd

"So to each his own, and let the market prevail"Agreed, the...

  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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