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#1 2013-01-02 21:56:26

Yippe-Ki-Ya
Banned
From: The Land of Guilty by Default
Registered: 2011-02-23
Posts: 5,892
Website

Technical Analysis ...

Id appreciate recommendations on the following:

1. Im looking for free video based training materials on technical analysis.  Im assuming it does not matter whether the context is shares, CFDs, gold or any other price data? The technical analysis techniques should still remain the same?

2. Im also looking for software (freeware if possible) which can load data of any sort (shares, gold, CFDs, whatever) and then can have various technical analysis techniques applied to said data...

apologies in advance if something im saying does not make sense, as I dont know anything about technical analysis, but am keen to learn!

thank in advance
YKY

Last edited by Yippe-Ki-Ya (2013-01-02 21:57:50)


mmm....shiney! wrote: House prices are the leading indicator of what???????????

Yippe-Ki-Ya wrote: gubmint meddling  lol

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#2 2013-01-02 22:16:12

hiho
Silver Stacker
From: South Brisbane
Registered: 2011-04-04
Posts: 8,100
Trades :   270 

Re: Technical Analysis ...

pretty sure etrade has all you want, simply register and voila!

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#3 2013-01-02 22:45:19

finicky
Silver Stacker
From: Dreamworld
Registered: 2011-06-10
Posts: 3,457

Re: Technical Analysis ...

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#4 2013-01-03 07:29:24

capt.sparrow
Banned
From: U ASS
Registered: 2011-06-03
Posts: 414
Trades :   

Re: Technical Analysis ...

I dont think the guys who are really good at technical analysis would want to share exctly how they got trained and what tools they use.

after all if you were making money like that would you want to make it easier for others to do the same?


U ASS
Union of Australian Socialist States

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#5 2013-01-03 07:31:37

mmm....shiney!
Silver Stacker
From: 昆士蘭
Registered: 2010-11-15
Posts: 15,941
Trades :   102 
Website

Re: Technical Analysis ...

Yippe to be a Paper Panzie? Am I reading this right. Bwahahahahahahahahahah!!!!!!!!!!!!!!!!!!!!!!!!!!


The woolgrower's target shall be the good thriving of his flock and its pastures, and so of himself and those whose livelihoods depend on his enterprise.
"The Woolgrower's Companion", 1906.

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#6 2013-01-03 08:10:21

alor
Silver Stacker
From: Pulau Alor ;)
Registered: 2011-06-16
Posts: 4,515
Trades :   39 

Re: Technical Analysis ...

Yippe going back to shcool lol

SHCOOL-Mispelled-Sign-in-NYC.jpg


Hear Say See -> N o t h i n g
May this stacking hobby be my blessing smile

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#7 2013-01-03 08:32:07

finicky
Silver Stacker
From: Dreamworld
Registered: 2011-06-10
Posts: 3,457

Re: Technical Analysis ...

Im looking for free video based training materials on technical analysis.

One source is YouTube - just search 'beginner charts technical analysis', or some such wording. There's heaps of them. Somewhere in there will be the best, but no idea which. Here's a link to one who is casual; wordy but seems ok:
https://www.youtube.com/watch?v=PugasMebxmg
There's a series of ten that he does. Accessible from the side menu or on his channel.

Im assuming it does not matter whether the context is shares, CFDs, gold or any other price data? The technical analysis techniques should still remain the same?

This is correct

Im also looking for software (freeware if possible) which can load data of any sort (shares, gold, CFDs, whatever) and then can have various technical analysis techniques applied to said data...

Yeah hiho's suggestion, and I think any online broker will provide the 'freeware'. I prefer to use bigcharts for equities, out of habit:
http://bigcharts.marketwatch.com/defaul … &dist=ctbc
For Australian stocks you use the prefix au: then the normal stock code. For example BHP is au:bhp
Then you'd best use the ' advanced chart' red button

Yahoo Finance charting function seems ok. Here you use .ax after the code. For example BHP is bhp.ax
http://au.finance.yahoo.com/echarts?s=% … D;range=1d

Play around with it and develop your intuition is best I can suggest, but everyone is different. A nerd might prefer a sophisticated highly mechanized platform, but don't forget punters were doing this stuff long before computers. A simple approach can get you results with experience, but you have to 'work' within your interest aptitude and capabilities.

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#8 2013-01-03 08:52:43

wrcmad
Silver Stacker
From: Northern NSW
Registered: 2012-01-02
Posts: 6,102
Trades :   118 

Re: Technical Analysis ...

capt.sparrow wrote:

after all if you were making money like that would you want to make it easier for others to do the same?

There is plenty of room in the markets for anyone.
Everyday, over 6 trillion bucks worth of trades take place - if you put your hand out, some of it has to stick.

Last edited by wrcmad (2013-01-03 08:52:55)


Anything is possible, but not everything is probable.  wink

Manipulation..... If you want to continually subscribe to this idea then get out of precious metals. Only a fool would play a game that is completely rigged. As you still are in the game, I would say that you are not completely convinced of the manipulation ...

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#9 2013-01-04 06:32:27

jparrie
Member
From: Australia
Registered: 2011-04-12
Posts: 812

Re: Technical Analysis ...

I can't help you with learning TA, but here's a free, (or very cheap for the Pro version), yet very good charting program:

http://www.spacejock.com/FreechartsSE.html

It gets its data from Yahoo, which I've used for the past 7+ years with no problems. You can get US/UK/Aus and whatever else is provided by Yahoo for free, or you can pay for data if you want more obscure markets. There's a forum for assistance with the program but its not very well monitored. Nevertheless, it's a good package. You'd chart GLD for gold, SLV for silver, etc, etc. Not the same as the actual physical I know but you can still derive the same info from them as far as TA is concerned.

TA does work, but sometimes you have to suspend your disbelief and just follow signals mechanically. The problem with TA is that just about all indicators are correlated to price, and as such are following indicators.

If you want to start trading futures I can be much more specific in what you should use.

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#10 2013-01-04 09:59:28

alor
Silver Stacker
From: Pulau Alor ;)
Registered: 2011-06-16
Posts: 4,515
Trades :   39 

Re: Technical Analysis ...

better to go through book first, good one like images?q=tbn:ANd9GcSTIkMwxBJOq-K-tLxHAJ42uIRfl_0Cn_Hka7nnxxBvKDD1Nb8iww


Hear Say See -> N o t h i n g
May this stacking hobby be my blessing smile

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#11 2013-01-05 02:46:56

Bargain Hunter
Member
From: Sydney, Australia
Registered: 2010-07-11
Posts: 730
Trades :   18 

Re: Technical Analysis ...

Technical analysis a.k.a. squiggly line voodoo that stuff always makes me laugh. No different to tea leaves or astrology.

Last edited by Bargain Hunter (2013-01-05 02:47:28)


"Paper is poverty,... it is only the ghost of money, and not money itself." --Thomas Jefferson
"You only find out who is swimming naked when the tide goes out" --Warren Buffett
"These days man knows the price of everything, but the value of nothing" --Oscar Wilde

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#12 2013-01-05 05:14:50

wrcmad
Silver Stacker
From: Northern NSW
Registered: 2012-01-02
Posts: 6,102
Trades :   118 

Re: Technical Analysis ...

Bargain Hunter wrote:

Technical analysis a.k.a. squiggly line voodoo that stuff always makes me laugh. No different to tea leaves or astrology.

I would suggest that T/A is actually based on the only fact that can be varified as true - that being price data. Price does not lie. Some would suggest it may be synthetic or manipulated, never the less it is fact.
What makes me laugh is that those dumping on T/A often aspire to be fundamental prophets, where analysis is based merely on selective, skewed, or biased information coming from the media (be it true or not), and then interpreted into academic hypotheticals of what should be, but often not what is... to me there is more voodoo and tea leaves involved in fundamental analysis, and the forcasts are testament to this.

Last edited by wrcmad (2013-01-05 05:19:19)


Anything is possible, but not everything is probable.  wink

Manipulation..... If you want to continually subscribe to this idea then get out of precious metals. Only a fool would play a game that is completely rigged. As you still are in the game, I would say that you are not completely convinced of the manipulation ...

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#13 2013-01-05 21:44:06

Yippe-Ki-Ya
Banned
From: The Land of Guilty by Default
Registered: 2011-02-23
Posts: 5,892
Website

Re: Technical Analysis ...

mmm....shiney! wrote:

Yippe to be a Paper Panzie? Am I reading this right. Bwahahahahahahahahahah!!!!!!!!!!!!!!!!!!!!!!!!!!

lol.  Just goes to show that i'm at least open minded  lol


mmm....shiney! wrote: House prices are the leading indicator of what???????????

Yippe-Ki-Ya wrote: gubmint meddling  lol

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#14 2016-05-28 01:20:19

Bargain Hunter
Member
From: Sydney, Australia
Registered: 2010-07-11
Posts: 730
Trades :   18 

Re: Technical Analysis ...

wrcmad wrote:
Bargain Hunter wrote:

Technical analysis a.k.a. squiggly line voodoo that stuff always makes me laugh. No different to tea leaves or astrology.

I would suggest that T/A is actually based on the only fact that can be varified as true - that being price data. Price does not lie. Some would suggest it may be synthetic or manipulated, never the less it is fact.
What makes me laugh is that those dumping on T/A often aspire to be fundamental prophets, where analysis is based merely on selective, skewed, or biased information coming from the media (be it true or not), and then interpreted into academic hypotheticals of what should be, but often not what is... to me there is more voodoo and tea leaves involved in fundamental analysis, and the forcasts are testament to this.

Who said that fundamental analysts rely on media information? That is a fallacious assumption. A good fundamental analyst relies mostly on primary information such as company annual reports, competitor company annual reports, talking to management, customers, employees and suppliers, using or testing the product, reading industry trade journals, looking at trends in overseas markets, etc not what bloomberg, the AFR or the wall street journal report. Besides fundamental analysis is not about being prophetic or having foolproof forecasting ability. It is about playing the odds. Because stocks overall have on average a well documented upside bias coupled with the fact that a stock can only go down 100% but go up an unlimited amount means that a fundamental analyst who is right 60% of the time can still massively outperform the market. One Cochlear, CSL, Resmed or Dominoes Pizza more than makes up for a bunch of dud picks.

If fundamental analysis is voodoo how come practitioners like Warren Buffett, Benjamin Graham, Peter Lynch, John Templeton, Phillip Fisher, T. Rowe Price, Tweedy Browne, Walter Schloss and countless others have outperformed the market over a long period of time using a purely fundamental analysis approach? As for the argument sometimes about Warren Buffett outperforming because he is a control/strategic investor or has access to special deals he was outperforming the market massively when he was in his 20s well before he had the financial firepower to have control or access to special deals.

Name one billionaire who didn't lose their fortune after making it who has made their fortune purely from technical analysis without the use of any fundamental analysis whatsoever? Is that the sound of deafening silence I hear?

It is an insult to real (a.k.a. fundamental) analysts to even call that squiggly line voodoo crap "analysis". Please refrain from even referring to it as analysis.

Last edited by Bargain Hunter (2016-05-28 01:27:28)


"Paper is poverty,... it is only the ghost of money, and not money itself." --Thomas Jefferson
"You only find out who is swimming naked when the tide goes out" --Warren Buffett
"These days man knows the price of everything, but the value of nothing" --Oscar Wilde

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#15 2016-05-28 02:08:52

scrooged
Member
From: Melbs
Registered: 2014-05-06
Posts: 1,227
Trades :   54 

Re: Technical Analysis ...

Far out you type quick. smile

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#16 2016-05-28 02:34:17

Bargain Hunter
Member
From: Sydney, Australia
Registered: 2010-07-11
Posts: 730
Trades :   18 

Re: Technical Analysis ...

Comparing technicals to fundamentals is like comparing astrology to astronomy.


"Paper is poverty,... it is only the ghost of money, and not money itself." --Thomas Jefferson
"You only find out who is swimming naked when the tide goes out" --Warren Buffett
"These days man knows the price of everything, but the value of nothing" --Oscar Wilde

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#17 2016-05-28 02:48:39

aleks
Silver Stacker
From: Karl-Marx-Allee
Registered: 2010-10-14
Posts: 2,392
Trades :   27 

Re: Technical Analysis ...

I'l just put this here wink

http://www.worldcupchampionships.com/live-stats-3

Those who can't do something will keep telling everyone it can't be done.


Only you have your best financial interest at heart, be your own guru

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#18 2016-05-28 03:09:34

wrcmad
Silver Stacker
From: Northern NSW
Registered: 2012-01-02
Posts: 6,102
Trades :   118 

Re: Technical Analysis ...

Bargain Hunter wrote:
wrcmad wrote:
Bargain Hunter wrote:

Technical analysis a.k.a. squiggly line voodoo that stuff always makes me laugh. No different to tea leaves or astrology.

I would suggest that T/A is actually based on the only fact that can be varified as true - that being price data. Price does not lie. Some would suggest it may be synthetic or manipulated, never the less it is fact.
What makes me laugh is that those dumping on T/A often aspire to be fundamental prophets, where analysis is based merely on selective, skewed, or biased information coming from the media (be it true or not), and then interpreted into academic hypotheticals of what should be, but often not what is... to me there is more voodoo and tea leaves involved in fundamental analysis, and the forcasts are testament to this.

Who said that fundamental analysts rely on media information? That is a fallacious assumption. A good fundamental analyst relies mostly on primary information such as company annual reports, competitor company annual reports, talking to management, customers, employees and suppliers, using or testing the product, reading industry trade journals, looking at trends in overseas markets, etc not what bloomberg, the AFR or the wall street journal report. Besides fundamental analysis is not about being prophetic or having foolproof forecasting ability.

Fair enough.
Would you care to point me in the direction of the annual report, competitor annual report, management, employees, etc. of silver, gold, or any currency?
Or "Is that the sound of deafening silence I hear?" tongue


Anything is possible, but not everything is probable.  wink

Manipulation..... If you want to continually subscribe to this idea then get out of precious metals. Only a fool would play a game that is completely rigged. As you still are in the game, I would say that you are not completely convinced of the manipulation ...

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#19 2016-05-28 03:32:15

southerncross
Silver Stacker
Registered: 2012-07-26
Posts: 3,391

Re: Technical Analysis ...

TA really nailed the GFC right ?

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#20 2016-05-28 03:53:12

wrcmad
Silver Stacker
From: Northern NSW
Registered: 2012-01-02
Posts: 6,102
Trades :   118 

Re: Technical Analysis ...

southerncross wrote:

TA really nailed the GFC right ?

Yep.
I picked it, but was 4 months early.
Gave a presentation at work in May '07 advising moving super to cash as T/A was indicating the All Ords was due to halve from 6000 to 3000.
Most scoffed that it was not going to happen - over the next 18 months those same people then came and told me they wished they'd heeded the warning.
Some of those were due to retire in the following couple of years, and it cost them a few more years of working to make up the shortfall in their super. sad
As for me, made shyteloads and laughed all the way to the bank shorting. big_smile

Last edited by wrcmad (2016-05-28 03:55:07)


Anything is possible, but not everything is probable.  wink

Manipulation..... If you want to continually subscribe to this idea then get out of precious metals. Only a fool would play a game that is completely rigged. As you still are in the game, I would say that you are not completely convinced of the manipulation ...

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#21 2016-05-28 04:13:15

Bargain Hunter
Member
From: Sydney, Australia
Registered: 2010-07-11
Posts: 730
Trades :   18 

Re: Technical Analysis ...

For Gold and Silver there are other fundamentals like industrial supply and demand, costs of production, forecasts of supply from future mining expansion or contraction. monetary inflation, etc FYI I have invested in gold and silver and made a profit without considering the technical/price information whatsoever.

Even currencies have fundamentals like interest rates for government and high grade bonds in that country, inflation rates, GDP growth, current account deficits or surplus, trade deficit or surplus, central bank pegging/intervention, etc.


"Paper is poverty,... it is only the ghost of money, and not money itself." --Thomas Jefferson
"You only find out who is swimming naked when the tide goes out" --Warren Buffett
"These days man knows the price of everything, but the value of nothing" --Oscar Wilde

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#22 2016-05-28 04:40:43

wrcmad
Silver Stacker
From: Northern NSW
Registered: 2012-01-02
Posts: 6,102
Trades :   118 

Re: Technical Analysis ...

Bargain Hunter wrote:

For Gold and Silver there are other fundamentals like industrial supply and demand, costs of production, forecasts of supply from future mining expansion or contraction. monetary inflation, etc FYI I have invested in gold and silver and made a profit without considering the technical/price information whatsoever.

Even currencies have fundamentals like interest rates for government and high grade bonds in that country, inflation rates, GDP growth, current account deficits or surplus, trade deficit or surplus, central bank pegging/intervention, etc.

Exactly my point.
Fundamentals like industrial supply and demand.... data provided by whom? Credible sources such as Gata? tongue
Costs of production.... still can't be agreed on within about 50%.
Forecast supply? Forecast?? As in... total guess work? lol
Inflation!!?? A number denounced by most here as total BS and fabricated by the gubermint.

As for currencies... inflation rates, GDP growth, current account and trade numbers, central bank numbers (!?).... all gubmint numbers that would be rebuked here as total BS and fabricated.
High grade bonds!!??? Given the forum you are part of, and the discussion regarding government money-printing, I am interested to know what you class as high-grade bonds?

It is an insult to technical analysts to even call that presumptuous, postulation voodoo crap "analysis". Please refrain from even referring to it as analysis. tongue
T/A uses FACTS - price data and market participant dynamics.


Anything is possible, but not everything is probable.  wink

Manipulation..... If you want to continually subscribe to this idea then get out of precious metals. Only a fool would play a game that is completely rigged. As you still are in the game, I would say that you are not completely convinced of the manipulation ...

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#23 2016-05-28 06:20:04

Bargain Hunter
Member
From: Sydney, Australia
Registered: 2010-07-11
Posts: 730
Trades :   18 

Re: Technical Analysis ...

All statistics admittedly are open to interpretation so you have to look at multiple sources and make a considered judgement. For example in the U.S. if you don't believe official unemployment or inflation numbers you can look at shadow stats. Most major data points will have a multitude of analysts, economists and commentators providing analysis or offering an alternative set of numbers. Its up to he investor to make a considered judgement after analyzing a wide variety of data. How do you think billionaires like Jim Rogers invest in commodities? By looking at technical charts lol

By high grade bonds I meant corporate bonds with a low risk of default e.g. bonds issued by Apple or McDonalds, etc High grade doesn't mean its a good investment or will provide an attractive inflation adjusted returns. It just means default risk is low.

The problem with technical analysis is that the majority of market participants can sometimes be wrong about the value of an asset and the price will the swing massively the other way once they realise that. In addition price doesn't even necessarily represent people opinion of value. People might sell a position because of margin calls, fund redemption (for institutions) or because they need the money to renovate their house (retail investors). People buy and sell for all sorts of reasons which have nothing to do with their opinion of the value of an asset. This will then manifest itself in price which can at times be completely irrational thus allowing the fundamental analyst to profit from the price to value discrepancy.

I agree with what Jim Rogers said "I've never met a rich technician".

Last edited by Bargain Hunter (2016-05-28 06:21:55)


"Paper is poverty,... it is only the ghost of money, and not money itself." --Thomas Jefferson
"You only find out who is swimming naked when the tide goes out" --Warren Buffett
"These days man knows the price of everything, but the value of nothing" --Oscar Wilde

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#24 2016-05-28 06:37:22

scrooged
Member
From: Melbs
Registered: 2014-05-06
Posts: 1,227
Trades :   54 

Re: Technical Analysis ...

Diversify. Both sides can't be wrong.

Little bit a TA

Little bit a FA

Little bit a MONAY

simples.

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#25 2016-05-28 06:39:33

scrooged
Member
From: Melbs
Registered: 2014-05-06
Posts: 1,227
Trades :   54 

Re: Technical Analysis ...

Doh!, almost forgot Monica.

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