Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

Ai ja jai

Reply
Theater_Cat
Super Contributor
You see boys and girls, technical analysis means buggerall - your success in this game is solely dependent on your ability to read and guage the nuances of the global markets...
0 Kudos
9 REPLIES 9
john_1
Super Contributor
and TA does what exactly, if not study nuances of global markets.
0 Kudos
Ninja
Super Contributor
TA is your best tool to read the markets....both local and international. TA fits into a trading strategy, giving you an edge, managing losses and maximising gains. It is not a crystal ball, it is however a very powerful part of any trading strategy.
0 Kudos
Not applicable
ja man reginald, its a game of probabilities, and all those overbought indicators that all the forumites were screaming about for the last couple of weeks were telling us what exactly? That the laws of probability suggest a downturn - meaning a good time to take profits.
0 Kudos
SimonPB
Valued Contributor
ho hum .. sounds like somebody was watchign late night CNBC .. put on a trade, made some money .. an now ..
0 Kudos
Not applicable
Simon, would like to hijack htis thread with a question. What day did you exit with your lazy trade?
0 Kudos
SimonPB
Valued Contributor
about two weeks ago .. wasn't a normal exit, but I was well in profit and traveling extensively for a week or so and unable to monitor .. so bailed .. system exit would be today .. and now EOD below 15 EMA so now we wait for next long entry (ubless the bears run ragged and manage to get primary to bearish) ..
0 Kudos
Not applicable
simon what has to happen for primary trend to get bearish? and according to your lazy system, when to you theoretically enter a short position?
0 Kudos
Not applicable
30 day EMA must be below 60 day EMA, am i right simon?
0 Kudos
SimonPB
Valued Contributor
for primary .. yes ..
0 Kudos