NOR 0.00% 3.2¢ norwood systems limited

I'm definitely not Dr.Seuss and I can give my number to an...

  1. 3,606 Posts.
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    I'm definitely not Dr.Seuss and I can give my number to an administrator who can call me to verify that if they like.

    @madmacs thanks but yeah I'm definitely new to this, I only started investing last October and it's only more recently, I'd say for 6 weeks that I have moved into what's closer to "day/short term trading" and probably the most recent 4 weeks of that have been spent trying to learn T/A because I generally enjoy sitting and looking at the charts.

    I try and read for example what @mitta would call and then go over that chart and my own on my screen to try and understand what has caused that opinion.

    I've never used the RSI on charts, only the basics like volume, ema's, macd, sometimes stochastics so thank you for another bit of T/A I can start working on in my spare time. I'm not able to day-trade currently I'm moving to non-leveraged CFDs  for trading as I'd like to be able to short. So I'm going through a like point where I'm selling share portfolio positions to balance myself with more liquidity, holding more cash and deciding a percentage of funds for my CFD account.

    So I'm using this down-time of not actively trading to try and learn as much as possible. But yes definitely a newbie but I would like to think I'm picking up a lot of the basics of T/A well. Hopefully with more interest and volume through NOR will get the attention of some more short term traders and chartists.

    Also I believe you're saying that the RSI used properly has to be taken in like a "sample" period you are looking at in a vacuum and it's range is only comparable to that period, not an overall number that can be compared like say volume for instance?

    Thanks again for your help.
 
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