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TOPIC: F4T, Technical Analysis.

F4T, Technical Analysis. 23 Feb 2018 13:46 #1

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F4T, Here we go... :whistle:

IMB Monthly, Weekly, Daily, all down.

IMB-Monthly.png


IMB-Weekly212.png


IMB-Daily.png


Daily close up.

IMB-DailyCU2.png


So ideally we wait for IMB to come to the trendline and then short it? As everything is pointing down. Or do we have to wait for the daily close to ensure it didn't break the trendline? :dry:

IMB-DailyZI.png


Hopefully that is a good example.
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F4T, Technical Analysis. 10 Feb 2018 11:16 #2

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The idea is that you are always conscious of the short, medium and long term trend. If all three are aligned it makes trading trends much safer with less risk. If you are short term trading and the daily looks positive but weekly not, you would be more cautious.

You might set sell or buy targets on the weekly or monthly charts for entry or exit if they align with the shorter term charts. If all align it is a no brainer.

I can't talk about trading trendline strategies as there are so many.

F4T
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F4T, Technical Analysis. 09 Feb 2018 16:02 #3

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Many thanks F4T. :cheer:

Being cheeky :whistle:, would you mind giving an example of a recent chart you have done showing how and why you entered?

Looking at BDEV below, if you had enterted on the TL break, you would be well in profit by now, but on the daily chart, you would have missed this massive move.

I've noticed a lot of charts recently that are breaking TL's.


"As to timeframes, depends on your trading timeframe, but nevertheless monthly is most important then weekly, then daily. I use daily to trade but check other time frames regularly."

This is the process where I get confused and won't take the trade because of the mixed signals, the weekly TL is broken, but not on the daily.

Thanks in advance.
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F4T, Technical Analysis. 09 Feb 2018 09:09 #4

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Hi Longeterm,

in a nutshell, TL's at closing prices are stronger than those plotted at highs and lows, though both are valid, though PI's seem to only use highs and lows in the UK for some reason.

As to timeframes, depends on your trading timeframe, but nevertheless monthly is most important then weekly, then daily. I use daily to trade but check other time frames regularly.

F4T
Last Edit: 09 Feb 2018 09:13 by Food4Thought.
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F4T, Technical Analysis. 08 Feb 2018 15:17 #5

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BDEV Analysis, Weekly / Daily

F4T, would you mind confirming something please?

On the graphs attached for the trend lines, I have used closing prices as blue lines and extremities as red lines, because these paint two different pictures as to what is going on. :woohoo:

I'm also trying to work out if you use the weekly or daily charts to trade, as there is some confusion as to trend line breaks.

BDEV-Weeklyeg.png


If you were looking to trade BDEV, on the weekly chart, using the blue trend line it has broken through, but using the red trend line the price is some way off.

BDEV-Daily_2018-02-08.png


If you then switch to the daily chart using closing prices, purple trendline , the price is some way off and nowhere near to breaking the trendline. :huh:

BDEV-Daily1_2018-02-08.png


BDEV-Daily2_2018-02-08.png


Hopefully this is clear, because i'm starting to confusing myself. :silly:

I posted this under the incorrect heading, sorry Remo. :blink:
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