MERC looks strong here as this IHS appears to be breaking with volume . I have a first target just north of 11 and a second near 12.50.
Comentários
A-shot
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Good call!
littleriver
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Thanks, Tim's RM helped me sort this one out of the pack .
A-shot
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Oh, so you are using it as well? Why not include in the charts ?:)
littleriver
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You know; I thought I used RM on this but seems it does not work on this one. Not sure why but some charts it will not work. I used my own cognitive skills for this one. I use a variety of indicators to help me confirm and formulate my ideas but never include them all. I try and use what best gets my point across to the viewer. With Tim's RM, while I feel comfortable using it, I leave the published use to him. It is his after all.
A-shot
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Interesting! I am learning a lot from users here, and trying to get TIms ideas as well. Mind sharing what do you use? With your experience, can you share what do you check up and/or do not check up anymore?
littleriver
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It is really hard to pin down, since I am still learning myself but the chart itself , both line and candle, tell me the most information . I believe your charting needs to compliment your trading style. Are you swing trader, long term investor, options trader, long or short player. You can use charts to find trades that fit your style. There is lots to be worked thru. First you must know the trend of the stock: uP, down or channeling. Moving averages are great for this purpose. Chuck Hughes is a great tutor on this and has many utube videos explaining his technique. I use Hughe's techniques to find trending up stocks. Sam Seiden videos have also help me understand a bit about market direction . I was first introduced to TA by Kay Kim at 2traderclub.com . His site has lots of useful information . I would follow along with him on his blogs about his trades. I found a lot of useful information that way. If I did not know something, I would learn it. Now for indicators I mostly use RSI, Fisher, Trix and CCI. But you really will have to try a few to find what speaks to you . I sometimes think all the indicators sometimes confuse the issue . They are helpful but they have to be used correctly .