Hello guys,
I am Krish from Andhra. I am here to learn Technical analysis, as I heard that TA if learned and worked out properly , we can reach an accuracy of 80% good trades.
I would love to get suggestions and help from any experienced members.
Thank you
Krish - If you are trading now - stop trading.
TA is not a rocket science.
Read the book Technical analysis of stock trends by Edwards and magee.
Read the below.
http://www.babypips.com
http://www.incrediblecharts.com/technical/dow_theory_trends.php
Down load ICM metatrader forex MT4 - which has nifty and 10 stocks and also
crude/silver/gold/USD/INR charts free.Where you can paper trade and practice. Or device your system/strategy.
Some thing which comes to my mind immediately
Trend - up/down/sideways.
So what is a trend ? how to define a trend.
a) Series of higher lows forms up trend
b) Series of lower highs forms down trend.
c) If price violates a and B price is said to be in sideways or no trend.
What is a support/resistance. - Previous low is a support and previous high is resistance.
What Are fibonnaci levels ? - retracement/extension.
Floor pivots.
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Some chart patterns
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Double bottom/double Top.
Head and shoulders - Inverse Head and shoulders.
Cup and Handle - Inverted cup and handle.
FLAG/PENTANTS/Ascending triangle/descending triangle.
Trend lines.
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GAPS
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Indicators
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Moving averages,MACD,RSI,Stochatsics,CCI,ADX,Average True range,Bollinger Bands.
Candle Stick patterns
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Hammer,Engulfing,Spinning top
all the best.