Talk:Technical Analysis
From Wikibooks, the open-content textbooks collection
This book was once nominated for deletion, with a result of "keep" in 2006-07. Please see the archive for discussion and tips for improvement. --DavidCary 15:59, 25 October 2006 (UTC)
This page of course needs a lot of work, but that's OK, I'm glad I found it.
I re-wrote the almost unitelligible section entitled TRADING TECHNIQUES as follows:
""Trading" can be characterized as short-term decisons made in accordance with information gleaned from technical analysis. Traders usually move in and out of the market at a rapid pace in hopes of repeatedly extracting small profits. Trading is helpful in that it serves the useful purpose of enhancing liquidity. Full time traders often use multiple computer screens to monitor prices closely throughout the trading day. For people who cannot spend all day in front of a computer monitor, one option is to anticipate substantial price moves so that the associated risk of taking a position is justified by the upside profit potential. "( Source: Pattern Recogniation and Trading decisions, SatchWell,Chris 2005)"
Hope this helps.
Ps This is the first article I've worked on that doesn't have a liberal bias. I guess there's still hope in the world! 68.40.151.220 23:36, 5 September 2005 (UTC)
[edit] A suggested URL - http://chart.nu
I actually am quite enamored of your opening statement/paragraph. Technical analysis has been the basis for real-time trading decision for my evolution from investor (years holding period) down to scalper (hours per trade). It has been mostly a matter of being able to recognize patterns as they evolve over time and speeding up the process into tighter timeframes and quicker decisions. Coming from a software development background, it was fairly straightforward to take my understanding of pattern trading and put it into a chart format. The result of that effort can be found at http://chart.nu/ along with explanations of how technical analysis combined with an understanding of individual risk profile can lead to winning strategies.
Perhaps you would consider including a link to my website for further reading? In general, it is a goal to keep the site commercial/ad - free since it is a working tool bench for my daily scanning and trading decision process. Although there is sparse in-depth content, I hope to add to library in the future, mostly on subjects of risk profiles, pattern evolution, and stock filtering. If you would like, I can also contribute to this wiki (note: an editorial first for me.)
Thanks for your consideration,
~~ voodoo ~~
[edit] Work needed
This article desperately needs work, you can't just leave quotes under sub-titles in an attempt to explain concepts!!
It needs explanation rather than unsourced quotes
