I an New Trader Learning Technical Analysis

[Im2020]

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

 

[badarivt]

Learn a few basics and use it consistently. It is not necessary to know everything before making a start. I would suggest learning candlestick patterns (continuation and reversal patterns), technical indicators (MACD, SMA/EMA), support and resistance concepts and chart patterns (continuation and reversal patterns). Best wishes

 

[Im2020]

Learn a few basics and use it consistently. It is not necessary to know everything before making a start. I would suggest learning candlestick patterns (continuation and reversal patterns), technical indicators (MACD, SMA/EMA), support and resistance concepts and chart patterns (continuation and reversal patterns). Best wishes

Thanks badarivt for your suggestions. I feel you are an experinced person here. So Can you tell me a good source( a physical book by some Author or ebook) to learn the above concepts.

 

[badarivt]

www dot credit-suisse dot com/pwp/pb/pb_research/technical_tutorial_de.pdf
zerodha dot com/z-connect/wp-content/uploads/2014/06/TA_wrkbk.pdf

You need not remember all the candlestick patterns if you understand the concept of support and resistance. Best wishes

 

[Im2020]

Thanks for the links. I have downnloaded the first pdf file & started going through it. But I cannot download the second one , as it is not loading.

 

[Somatung]

Thanks badarivt for your suggestions. I feel you are an experinced person here. So Can you tell me a good source( a physical book by some Author or ebook) to learn the above concepts.

The list of books is endless about this topic. Here some classical books you can Google for:

Thomas N. Bulkowski: Encyclopedia of Candlestick Charts

Thomas N. Bulkowski: Encyclopedia of Chart Patterns

Thomas N. Bulkowski: Trading classic chart patterns

LINDA BRADFORD RASCHKE: Professional trading techniques

John L. Person: A complete guide to technical trading tactics

John J. Murphy: Charting made easy

Joe Ross: The law of charts

John R. Hill, George Prutt and Lundy Hill: The ultimative trading guide

Ed Downs: 7 chart pattern that consistenly make money

and so on.

 

[niftychartreader]

Thanks for the links. I have downnloaded the first pdf file & started going through it. But I cannot download the second one , as it is not loading.

Hi
Zerodha link is working.
The pdf on TA is easy to understand and you must go through it.

 

[jagankris]

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.
------------

Some chart patterns
---------------------
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.
-----------

GAPS
-----

Indicators
-----------
Moving averages,MACD,RSI,Stochatsics,CCI,ADX,Average True range,Bollinger Bands.

Candle Stick patterns
---------------------
Hammer,Engulfing,Spinning top

all the best.

 

[Im2020]

hey Jagankris , thanks for your info. I have gone through your post above.

In your post about trends both the points a & b are the same. Is it correct or am I missing something?

 

[jagankris]

hey Jagankris , thanks for your info. I have gone through your post above.

In your post about trends both the points a & b are the same. Is it correct or am I missing something?

Correct series of lower highs forms down trend.
Read the book/baby pips.