Godisfaithful:


...Another stress-free investment at the moment

I can't agree less

shigidi:


This shows the limitations of technical analysis although it can be a brilliant tool. Most times it is REACTIVE and may not necessarily be PROACTIVE.

Challenged by this query to let people know that technical analysis is a "PROACTIVE" and not a "REACTIVE" tool. It all depends on how you use it...

For the next couple of days, I will be showing you how to deploy Technical Analysis Tools to be "PROACTIVE" or LEADING tool.

-As a Technical Analyst, all that is needed are: Price and Volume (RSI, MACD, Moving Averages etc are cosmetics and are simply used as guides!)
-This tool can be used on any financial market
-I am not saying, you'll always be right, but over 75% of the time you can forecast correctly the market direction with the right technical tools
-My objective is to help people start to make money/reduce how people loose money in the financial market

Warren Buffett on investor value add: "In 60 years of investing, we've found it practically useless to give advice to anyone."

Start with the basics...

-A price bar indicates: the Open, High, Low & Close

-What is a Swing High or Swing Low?
A swing high is formed when the high of a price is greater than a given number of highs positioned around it. In my own case, I have a swing high as soon as we have a high surrounded by 1 Lower-High on the right & left sides.

A swing low is formed when the low of a price is lower than a given number of lows positioned around it. Similarly, I have a swing low when there is a low surrounded by 1 Higher-Low on the right & left sides.

Combination of these Swing Highs/Lows give the direction of the market... (to be continued)

(Image Source: Internet)
Image 1: shows price bar
Image 2: Shows Swing high & low. Orange circle is on the Swing High/Low surrounded by 2 red circle bars
Image 3: Swing Highs:- b, d, f; Swing Lows:- a, c, e & g

BullBearMkt:
TICKER: FIDELITYBK
-Turtle Soup price indication with high volume
-Bearish Outlook short-term
-Maybe preparing for price rally soon

ALERT! ALERT!! ALERT!!!

FIDELITY BANK: Doji bar formed (on high volume) after 3 days of down bars. Downtrend reversal indicator.
Doji bar= indecision bar


PLAN YOUR TRADE AND TRADE YOUR PLAN.

BullBearMkt:
GOOD TRADING IDEAS TO MAKE MONEY ON NSE

1. Stocks with new 52 week lows (as reported by Intendy & fxuser)
-Plot stock(s) on your chart
-If stock(s) indicate +ve divergence on RSI or MACD Histogram (Good Buying candidate)
-Wait until MACD Line crosses MACD-Signal to buy
-Apply money management that works for you


2. Stocks with new 52 week highs (as reported by Intendy & fxuser)
-Plot stock(s) on your chart
-Wait for price to pullback to a "value zone" (Good Buying candidate)
-Apply money management that works for you
-Value Zone varies: (20EMA/50EMA etc)

Truly, mehn, you've been trying. Big ups to you. When new people post questions about things they aren't sure of, you always try your best to reply with supple explanations. Whereas most other experts in the house just ignore the questions.

I'm not saying you be ITK oo; I'm saying you've been of immense help.

I remember the first day you posted, Sir loco and Ihedioramma were asking you to reveal your identity. Thinking you were the second coming of the Big Smart Guy.

If this was Reddit, I would have bought you a gold. Big ups to you, my brother.

richie9093:


Truly, mehn, you've been trying. Big ups to you. When new people post questions about things they aren't sure of, you always try your best to reply with supple explanations. Whereas most other experts in the house just ignore the questions.

I'm not saying you be ITK oo; I'm saying you've been of immense help.

I remember the first day you posted, Sir loco and Ihedioramma were asking you to reveal your identity. Thinking you were the second coming of the Big Smart Guy.

If this was Reddit, I would have bought you a gold. Big ups to you, my brother.

richie9093:


Truly, mehn, you've been trying. Big ups to you. When new people post questions about things they aren't sure of, you always try your best to reply with supple explanations. Whereas most other experts in the house just ignore the questions.

I'm not saying you be ITK oo; I'm saying you've been of immense help.

I remember the first day you posted, Sir loco and Ihedioramma were asking you to reveal your identity. Thinking you were the second coming of the Big Smart Guy.

If this was Reddit, I would have bought you a gold. Big ups to you, my brother.

bewere of the brother he is not new member don't cry to us letter .

What moves the Market?

A member of this forum just asked me a question, "what really moves the market?"

My answer to this question is FUNDAMENTALS moves the market; economic policies, companies quarterly financial reports, war, peace, dollars, crude oil, key personality in the country/company making guiding speech, buyers/sellers sentiment, Market Makers etc

Why then using Technical?
TECHNICAL Analysis helps you to know when to enter the market (when the odds are in your favour) and when your welcome is no longer needed in the market (exit fast)!

As a Technical Person Do I need to know Fundamental?
Not exactly. It's good I'm aware of it. It will help me focus on the particular sub-market of the entire market. The chart tells me all about fundamental.

BullBearMkt:
What moves the Market?

A member of this forum just asked me a question, "what really moves the market?"

My answer to this question is FUNDAMENTALS moves the market; economic policies, companies quarterly financial reports, war, peace, dollars, crude oil, key personality in the country/company making guiding speech, buyers/sellers sentiment, Market Makers etc

Why then using Technical?
TECHNICAL Analysis helps you to know when to enter the market (when the odds are in your favour) and when your welcome is no longer needed in the market (exit fast)!

Nice one
In summary d SENTIMENTS move markets. +ve sentiments / buying pressure pushes up, -ve sentiments / Selling pressure pushes down. loll

Wapco hit a new 5 year low

@intendy

BullBearMkt:
What moves the Market?

A member of this forum just asked me a question, "what really moves the market?"

My answer to this question is FUNDAMENTALS moves the market; economic policies, companies quarterly financial reports, war, peace, dollars, crude oil, key personality in the country/company making guiding speech, buyers/sellers sentiment, Market Makers etc

Why then using Technical?
TECHNICAL Analysis helps you to know when to enter the market (when the odds are in your favour) and when your welcome is no longer needed in the market (exit fast)!

Like they say...Use Fundamentals for Stocks Pick..but Use Technicals for when to enter or exit....but then bear in mind that

"Every once in a while, the market does something so stupid it takes your breath away." - Jim Cramer

There are no sure bets in the world of investing; there is risk in everything. Be prepared for the ups and downs.


“I used fundamentals for nine years and got rich as a technician”. -Marty Schwartz

BullBearMkt:


ALERT! ALERT!! ALERT!!!

FIDELITY BANK: Doji bar formed (on high volume) after 3 days of down bars. Downtrend reversal indicator.
Doji bar= indecision bar
PLAN YOUR TRADE AND TRADE YOUR PLAN.

Nice one
Wud be nice to see it break and close above 85kobo sef (pref 90kobo cross , I'm back in fully)
macd has since crossed signal line but below zero line , wud prefer a further cross above Zero line
Over head supply plenty here , many bargain hunters have been swapping shoes for a long while ! #IMO

Unlike others , Access after Ex-div , stayed defensive .

fxuser:


Nice one
Wud be nice to see it break and close above 85kobo sef (pref 90kobo cross , I'm back in fully)
macd has since crossed signal line but below zero line , wud prefer a further cross above Zero line
Over head supply plenty here , many bargain hunters have been swapping shoes for a long while ! #IMO

You are absolutely correct. As a swing trade, it is ripe for entry between 0.81 - 0.82 & let it runs for next few weeks. The only risk is the much awaited coy results

BullBearMkt:


You are absolutely correct. As a swing trade, it is ripe for entry between 0.81 - 0.82 & let it runs for next few weeks. The only risk is the much awaited coy results

Yes oh ! very ripe
market await all d penny bank results

"You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." - Peter Lynch

feelamong:

"You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." - Peter Lynch

Inside recessions, there is also stock market inclination. And in every economy buoyancy, stock market declines. It all has to do with the understanding of what is called MARKET STRUCTURE.

ihedioramma:
bewere of the brother he is not new member don't cry to us letter .

Na one eye crab dey use sleep. No worry.

BullBearMkt:

Always Remember...

hello Chief how do u define " value zone"

richie9093:


Na one eye crab dey use sleep. No worry.

Ok befor the year end he will change name just following i don't talk any how. THE BIG SMART GUY .

ihedioramma:
Ok befor the year end he will change name just following i don't talk any how. THE BIG SMART GUY .

my bro for u insisting DAT d guy is THE BIG SMART GUY u must have a point one got to b careful. Wat d elders see while sitting down,small pikins seeth it not even while standing on a ten storey building.

ihedioramma:
Ok befor the year end he will change name just following i don't talk any how. THE BIG SMART GUY .

na you sabi, bring on your own analysis or counter or hold ur peace.

chunkuli:
na you sabi, bring on your own analysis or counter or hold ur peace.

Are you not here the time am tell loco e.t.c to buy FBNH at #2.98 ?

afo7219:
my bro for u insisting DAT d guy is THE BIG SMART GUY u must have a point one got to b careful. Wat d elders see while sitting down,small pikins seeth it not even while standing on a ten storey building.

ONE LOVE . back to business

robobo:


hello Chief how do u define " value zone"

Value zone is relative. Some use 20 EMA, 50 EMA... any EMA that you're comfortable with will be good.

Thank u appr8

Oando sef wan release results before Elephant. Looking at Oando will help determine the direction of many banks. Fidelity, Elephant, FCMB, etc

afo7219:
my bro for u insisting DAT d guy is THE BIG SMART GUY u must have a point one got to b careful. Wat d elders see while sitting down,small pikins seeth it not even while standing on a ten storey building.

Is Nigeria so bad that you are even suspicious of someone that is willing to help even at his own cost

Anyone that is not comfortable with my analysis is free to move on (skip my posts). Tx.

Looking at Transcorp.

Please when and where will the AGM of United Capital take place?