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One of my big attractions to this group was Frank Boet’s postings in the FB group using technical analysis especially Ichimoku clouds to indicate a stock is about to rise. Igor and Anya’s post looks like magic – it works but I don’t know how. I have been a super conservative trader selling spreads far out but getting my feet wet buying calls. Intend this thread to be a primer on employing technical analysis to predict stock movement.
1. Which indicators do you use- EMA, TTM squeeze,waves, Ichimoku cloud?
2. What time frames are considered?
3. How do you cross reference and use the combination of different indicator type to arrive at your decision?
4. What is your confidence level using these methods and techniques you employ when the trade does not go per plan?
5. Any additional thoughts from your experiences, on employing these tools and trading psychology would be much appreciated.My process is fairly simple.
I use moving averages to tell me about average closing prices over X period(s).
When they’re all pointing higher and shorter timeframe MA is above longer timeframe MA, this signals that trend is up and I should be looking for an opportunity to the long side.I also use several volatility studies that tell me whether current volatility is expanding or if it is due for contraction. This is where I decide to either buy or sell premium.
Sure, there are other tools such as Fibonacci levels, Harmonic price patterns, Fib Pivots, and so on. But please keep in mind that all of these tools are just confirming my analysis of price action and any projections are just levels of interest for me. I always look for clues and pay attention to what price is telling me about what the market thinks about the current price.
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