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A Quiz Question To See If You Are Getting My Points
If I am right, it is important for those who are adept at fundamental analysis to start studying well known precepts of technical analysis. The implication of breaking through the 200 day moving average. What to do when the chart shows a head and shoulder pattern on large volume. Stuff like that.
Please tell me in one or two sentences why I say that. |
#2
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Re: A Quiz Question To See If You Are Getting My Points
Get a read from the other players at the table?
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#3
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Re: A Quiz Question To See If You Are Getting My Points
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Get a read from the other players at the table? [/ QUOTE ] excellent response! Right on the money! |
#4
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Re: A Quiz Question To See If You Are Getting My Points
guys, lets take this more seriously plz.
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#5
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Re: A Quiz Question To See If You Are Getting My Points
To understand another reason of why someone might be taking the other side of your trade?
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#6
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Re: A Quiz Question To See If You Are Getting My Points
[ QUOTE ]
[ QUOTE ] Get a read from the other players at the table? [/ QUOTE ] excellent response! Right on the money! [/ QUOTE ] [ QUOTE ] guys, lets take this more seriously plz. [/ QUOTE ] I think their response may be closer that you (or or perhaps even they) initially thought. |
#7
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Re: A Quiz Question To See If You Are Getting My Points
I'll expand. If a bunch of traders/technical analysts are using common ideas/tools/calcs, it might be wise to go through their calculations and find out when they might be taking certain actions. That is, if the volume is high enough to have an effect on the market. I'm still a noob so I'm not sure what it takes as far as volume to cause a large enough effect to take advantage of. There's a lot of unknowns though, like the number of people actually following strictly their calcs, the proportion of people who might be using a common TA idea, what their future plans are, etc.
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