understanding technical analysis.

#1
Hi,
I am a beginner, and trying to understand the charting and some technical analysis stuff. I am confused about how to understand candle stick in strategies/indicators

To start up with I have selected 3 indicators : MACD & SMS & EMA. Please tell me how to understand these strategies.

Also how to understand the fundamentals of Pivot : R1,R2,S1,S2 etc.

Thanks in advance for your help.:clap::clap:
 
#3
dearwormski by sms if you mean sma ..........................then sma is simple moving average and ema is exponential moving average....r1 r2 si s2 are important support and resistant levals.......for more explation go to www.investopedia.com
Hi,
Thanks for the explanation, but as mentioned i am a beginner, so i would need some more eloboration on the topic to understand it. Like understanding the candle sticks, when to buy, when to sell, what does the intersection means and so on.
 

SwingKing

Well-Known Member
#4
Hi,
Thanks for the explanation, but as mentioned i am a beginner, so i would need some more eloboration on the topic to understand it. Like understanding the candle sticks, when to buy, when to sell, what does the intersection means and so on.
What you are looking for requires a bit of reading. You can start off with Steve Nison's Candlestick explained. Once you finish this, then read Technical Analysis A to Z (steve achellis).

If you want video tutorials, there are plenty available on the net.

Tc.
 
#5
What you are looking for requires a bit of reading. You can start off with Steve Nison's Candlestick explained. Once you finish this, then read Technical Analysis A to Z (steve achellis).

If you want video tutorials, there are plenty available on the net.

Tc.
Thanks for the reply.
Which is the best site for video tutorials for understanding technical methodologies.
 
#6
The best thing to do is practice.
In my opinion technical analysis does not work except when it does. Finding out when it works is the trick. Does that make sense? One tool that I think is useful it is TurTrades.
This software allows you to practice your trades using real market data with the help of technical indicators, and you don't have to wait a day's to see if you are profitable.
You can go to http://www.turtrades.com and download it and use it for free.
 

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