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Topic: Basis TA must learn for newbies (Read 347 times)

newbie
Activity: 112
Merit: 0
July 24, 2018, 03:02:14 PM
#36
I think that is great, like what do other people says “life is a continuous process” : learning new things will help  the newbies to obtained new discoveries and adventures that can help them in their journey.
full member
Activity: 644
Merit: 101
July 21, 2018, 11:04:36 PM
#35
Knowledge about technical analysis in trading is very helpfull to decide best entry and exit point from the market, but in trading we need not only knowledge about TA, but also management of money and risk and also keep patient wait for best entry. So combination of knowledge about TA + risk management + psycology of trading is should be to learn to become expert trader who possible to earn profit in consistently.
full member
Activity: 238
Merit: 113
July 21, 2018, 06:38:18 PM
#34
honestly I think that a newb should focus a lot more on pure price action than elliot waves, there's just too many ways to interpret them in order to make it a reliable tactic for trading
newbie
Activity: 97
Merit: 0
July 21, 2018, 06:33:50 PM
#33

trend lines
Support and Resistance


 
These two things are just enough for a newbie to start up trading which support and resistance identification and trend lines can really help you to identify which price and when you will enter once you do have an analysis basing on what you do see on your TA. Might not really be accurate into crypto trading but its better yet you do have already the basis towards into your possible actions.

Fibonacci and Eliot waves is somehow an advance lesson for you to add up if you are really willing to learn on it.

I fully agree. In fact, I think the most important thing is to be able to identify resistances and supports or supply and demand levels. If a newbie can master identifying those, it is enough already for good success. IMO, other stuff would all be used as a catalyst to confirm or reject a hypothesis of how price will react to the support/resistance it's approaching.
member
Activity: 448
Merit: 89
Full Stack Engineer
July 21, 2018, 05:29:22 PM
#32
Someone is based on classical prediction - Elliot waves, someone on the mathematical model - nonlinear fractal analysis, but there are those who trade on the indicators. For example I like use indicators and learn techniques of William Gann, Bradley Cowan to calculate trend reversals.
Thanks for the references. I like coral trend indicator but it is really slow. We can't understand when it will drop.. So if you suggest something better, I will take a look. Thanks!
full member
Activity: 462
Merit: 112
July 21, 2018, 02:52:47 PM
#31
Actually all basics information or information should be learn by the newbies,
because in order to obtained a great career for them in this field them should be guided so there are in the right path.
sr. member
Activity: 700
Merit: 250
June 16, 2018, 07:08:22 AM
#30
Someone is based on classical prediction - Elliot waves, someone on the mathematical model - nonlinear fractal analysis, but there are those who trade on the indicators. For example I like use indicators and learn techniques of William Gann, Bradley Cowan to calculate trend reversals.
full member
Activity: 177
Merit: 102
🤖UBEX.COM 🤖
June 16, 2018, 05:42:43 AM
#29
All the people that just do not want ot learn TA, are the first ones who are gonna lose all their money because of this, it is more than a MUST if you are a new trader


I disagree it's a must and I also disagree that it guarantees success but it really helps people to have a better chance of succeeding with their trades. For the little time and effort it takes to learn it's really worthwhile doing.
sr. member
Activity: 2590
Merit: 322
SOL.BIOKRIPT.COM
June 16, 2018, 03:57:41 AM
#28
These are the basics as far as TA is concerned in trading in fact resistance, support and trend lines has been very helpful plus Candlestick patterns formed at those zones e.g hammers, bullish or bearish engulfing bars and pin bars, these are very profitable candles which can aid perfect trading system, and avoiding all those colourful indicators that lags with the price.
jr. member
Activity: 128
Merit: 1
June 16, 2018, 12:02:09 AM
#27
For my reference, all indicators presented are valid on liquid trading which is in crypto consist of Bitcoin and Ethereum. For other crypto, I feel the technical analysis should be modified accordingly since the liquidity. The indicators are based on statistic, so if the data is not too many means the liquidity is low then just use the modified TA such as volume in sell wall or buy wall.
member
Activity: 163
Merit: 10
June 15, 2018, 10:22:43 PM
#26
All the people that just do not want ot learn TA, are the first ones who are gonna lose all their money because of this, it is more than a MUST if you are a new trader
member
Activity: 490
Merit: 28
June 15, 2018, 06:27:58 PM
#25
    great job dev and it really helps me once to learn trading.

    but I'm sure all markets can not be predicted and can not be manipulated by some parties, because Bitcoin is impartial to anyone and in the property of each individual

    so, it can be said that if Bitcoin will rise when there News and Bitcoin will go down when there FUD.
    TA is helpful tool in decision making, although it is not  accurately predicted, because the price movement is very dependent in some  issues that can
     affect the integrity of the currency, TA some what considered it as one of the factors.

    [/list]
    member
    Activity: 358
    Merit: 11
    June 15, 2018, 06:19:20 PM
    #24
    All these technical analysis are good for beginners but I recommend learning from fundamentals rather and adding it to the analysis derived from technical indicators. With this approach, a newbie can see the market in full and make a good trading decision.
    sr. member
    Activity: 1372
    Merit: 269
    ★Bitvest.io★ Play Plinko or Invest!
    June 15, 2018, 05:55:56 PM
    #23
      hey  guys  am not saying am pro or something  am also a newbie  Smiley  and  i found that  those  4    TA basis   are  so great and can be helpful in   your trading   and am so sure that

      lot of people dont know them  ( newbie  or lazy xd )   so  i hope you learn them , master them  and move to a higher level

      since am not a good explainer   i will just refer you to a YouTube video  Smiley  
       
    • trend lines  
    https://www.youtube.com/embed/-PPkTLov6VY


    • Support and Resistance
    https://www.youtube.com/embed/B8-_Mxz0Weg


    • Fibonacci Retracements
    https://www.youtube.com/embed/Kz6-8nQLRHM
    or
    https://www.youtube.com/embed/Ytr__kKKYBA


    • Elliot waves  

     hhhh put video speed to 1.25
    https://www.youtube.com/embed/bDLxjM_RnnM





    Edit
    and in order to  practice every new TA skill you learn  visit this great and free website  https://www.tradingview.com/markets/cryptocurrencies/    also you can follow  some traders  analysis  there   but  never trust anyone on your money they are  sometimes  wrong  or  the precise  description  is  the use of TA  with a subjective way like forcing it  to see what we want  while  TA  must be used in an objective wave  combined to lot of other things  which the simplest is  news   like my friend say  buy the fud and sell the news  hhhh Grin

    hope you enjoy learning  and  also i will be glad if more experienced traders  share in this topic  some advices or trading strategies   Grin  [/list]

    update :  

    Now did you guys ever wonder what is sma and ema ?  those  blue, red and yellow lines ?    
    They are called moving average and they are a must to learn  because they are helpful  .

    as usual its better to have an illustrated explanation from pro traders  so enjoy  those 2 videos ( i recommend to watch several times  then go practice using trading view platform )

    moving average explanation     https://www.youtube.com/embed/4R2CDbw4g88

    How to Trade Moving Averages                                https://www.youtube.com/embed/5rMkQurfxrE

    update 2 :

    time for you to learn another  basic TA  and this time  its  volume  

    volume is a must to know  and you can confirm if the  market movement is valid or no  ( for example  a pumped coin will have small volume but a high price change   so stay away and dont get fomo on it  )

    so  i picked 2 video to understand Volume Indicator that i hope you enjoy  


    Volume Indicator Trading Part 1   https://www.youtube.com/embed/wfySsU4JO3g


    Volume Indicator Trading Part 2    https://www.youtube.com/embed/depNunVItWE

    I want to quote it because I want to return back the videos you have shared to this thread. I feel that I won't watched eversince but I usually watch trading tools and techniques ever before. Thanks for sharing it, atleast the newbies here in trading will unlock their confusion about how chart moves up and down, they will also know that price is predicted because of these TA tools. I hope they appreciate it.
    newbie
    Activity: 129
    Merit: 0
    June 05, 2018, 08:33:43 AM
    #22
    great job dev and it really helps me once to learn trading.

    but I'm sure all markets can not be predicted and can not be manipulated by some parties, because Bitcoin is impartial to anyone and in the property of each individual

    so, it can be said that if Bitcoin will rise when there News and Bitcoin will go down when there FUD.
    jr. member
    Activity: 196
    Merit: 5
    A MAN SEEKING FOR KNOWLEDGE
    May 11, 2018, 11:25:58 AM
    #21
    updated  ( volume indicator part  )
    newbie
    Activity: 44
    Merit: 0
    May 06, 2018, 09:01:50 AM
    #20
      hey  guys  am not saying am pro or something  am also a newbie  Smiley  and  i found that  those  4    TA basis   are  so great and can be helpful in   your trading   and am so sure that

      lot of people dont know them  ( newbie  or lazy xd )   so  i hope you learn them , master them  and move to a higher level

      since am not a good explainer   i will just refer you to a YouTube video  Smiley  
       
    • trend lines  
    https://www.youtube.com/embed/-PPkTLov6VY


    • Support and Resistance
    https://www.youtube.com/embed/B8-_Mxz0Weg


    • Fibonacci Retracements
    https://www.youtube.com/embed/Kz6-8nQLRHM
    or
    https://www.youtube.com/embed/Ytr__kKKYBA


    • Elliot waves  

     hhhh put video speed to 1.25
    https://www.youtube.com/embed/bDLxjM_RnnM





    Edit
    and in order to  practice every new TA skill you learn  visit this great and free website  https://www.tradingview.com/markets/cryptocurrencies/    also you can follow  some traders  analysis  there   but  never trust anyone on your money they are  sometimes  wrong  or  the precise  description  is  the use of TA  with a subjective way like forcing it  to see what we want  while  TA  must be used in an objective wave  combined to lot of other things  which the simplest is  news   like my friend say  buy the fud and sell the news  hhhh Grin

    hope you enjoy learning  and  also i will be glad if more experienced traders  share in this topic  some advices or trading strategies   Grin  [/list]

    update

    Now did you guys ever wonder what is sma and ema ?  those  blue, red and yellow lines ?   
    They are called moving average and they are a must to learn  because they are helpful  .

    as usual its better to have an illustrated explanation from pro traders  so enjoy  those 2 videos ( i recommend to watch several times  then go practice using trading view platform )

    moving average explanation       https://www.youtube.com/embed/4R2CDbw4g88

    How to Trade Moving Averages                                 https://www.youtube.com/embed/5rMkQurfxrE


    Yep! maybe i can try this.  Roll Eyes BTCBTCBTCBTC
    jr. member
    Activity: 196
    Merit: 5
    A MAN SEEKING FOR KNOWLEDGE
    May 05, 2018, 11:19:18 AM
    #19
    updated  ( moving average part )
    member
    Activity: 448
    Merit: 89
    Full Stack Engineer
    May 02, 2018, 04:23:07 PM
    #18
    Stay away from Elliot seriously, stick to support and resistance when you start TA.
    Usually I don't listen advices without explanation. So I don't stay away from Elliot indeed, I will learn them and I will decide to stay away or not.
    hero member
    Activity: 2548
    Merit: 533
    "CoinPoker.com"
    May 02, 2018, 03:02:16 PM
    #17
    Just a bit of reminder that it's not a mandatory thing to learn especially for newbies. What they must build is experience. Learning those trading terms while still on newbie will just lead to so much confusion. Those terms will automatically be learned all the way.

    Im not against those TA's but prior for newbies to learned that, they must understand that TA's especially on altcoins can be spoiled since they are heavily proned to manipulation and whales movement. Altcoins doesn't have a fixed correection and some of them are having a slow volume movement for a long period of time.

    There are lots of people who become success in trades without knowing that in their early phase. What matters here is, people must understand the risks. Anyways it's a good reference that's why TA was part of my recipes when doing analysis.

    Thanks for the share.
    It will really give confusion but if they would really be serious on learning things up then they should embrace on such hardship on understanding it.You wont able to gain experience if you dont have any tools on how you do trade but you do have a point that it isnt really mandatory to learn up TA's but learning it as early as possible would really be a big help for you in your trading.
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