Then you go from there & you TWEAK it over time to what work & what doesn’t for YOU
How I begin in Technical Analysis (THREAD)
I took a trader I liked & copied everything on the chart to mine (COLORS & INDICATORS)
This way you can ‘’see’’ what he see. Every time he post charts & updates you look at it & try to understand/notice how the chart moved
Then you go from there & you TWEAK it over time to what work & what doesn’t for YOU
The one I chose used 200/50 SMA as target or support. I quickly noticed how accurate this was. So I kept it, use it & def my fav indicator. The accuracy of the 50/200 SMA when used as target is insane & on the other side, when used as support
You’ll also notice the 50/200 are good entry zone cause it give an amazing R/R. You hold as long as it hold. If break down, I learned to let some wiggle room
I know many use them but I dont
Later on I saw someone using the 100 SMA so I added it to try it. After some time I notice that is was very accurate as resistance so I kept it (3rd tweak!)
You can see me mentionning ‘’The 3 Large SMA’’ quite often. There the WHY
First I learned what they do using google
Then I was watching what the RSI & the MACD look like when the trader I chose post chart
You’ll notice quick enough how they look
The RSI was always curling up about to cross 50
The MACD was curling up & about to cross with the signal
Then you THINK
Do the play work more than not when those 2 are curling up? YES! Then I was looking for that on my plays. I kept them both
Then every time he posted a chart, the Slowstoch was ‘’in the basement 😉’’ and also curling up
When those 3 curls (very nice looking curl) I had succes so I kept it too.
He was using ADX wich I was too but
‘’Charting is SUBJECTIVE’’
Think about it! Interpret them as you want & as you like as long as it work
200 RED
50 BLUE
100 GREEN
The EMA are often more flashy colors
This is one hella perfect setup in the right sector
I posted $BNTC as a swing in a good position to our liking off the large SMA & here the results once it breakout
*Notice the indicator curl like we talked about
https://t.co/FWpF1FoXjJ
$BNTC Getting accumulated and another one with a daily breakout
— Amanda C (@AmandaCStocks) May 10, 2021
4m float with 7% short
Will scale in that one & swing it for a fews day too!
Can see 5-6$ real quick pic.twitter.com/sCXN967ZgT
More from All
You May Also Like
1/“What would need to be true for you to….X”
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
Next level tactic when closing a sale, candidate, or investment:
— Erik Torenberg (@eriktorenberg) February 27, 2018
Ask: \u201cWhat needs to be true for you to be all in?\u201d
You'll usually get an explicit answer that you might not get otherwise. It also holds them accountable once the thing they need becomes true.
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.