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bucolic_frolic

(49,585 posts)
3. Exactly, the markets peaked 2 months ago and he's on the cusp of correction.
Sat Apr 5, 2025, 06:21 PM
Yesterday


Check out many vids on YouTube by Oliver Velez. He teaches price movement real time with candlesticks, but ignores indicators. He uses 2 minute charts and gives long bars a lot of credence. There are a couple short mini lessons free on his website, don't recall if they're always there. I combine his ideas with indicators RSI, Williams, Stochastics. I find this captures the short term turning points over the course of a day, but still there can be a high or low point late morning that reverses.

There's also a guy named Bernd, German I think, uses what he calls market fundamentals with professional sentiment and retail sentiment from CFTC futures data and estimates a probable "zone" as a target. He looks to the future for price probabilities, but I couldn't really follow the analysis.

There are classic books on the subject, but who has the time and budget to read tons of technical trading books. I think I read this one as a library book, it remains relevant as a reference guide, and you might find it at a local library. "Technical Analysis for the Trading Professional" by Constance Brown (1999).

There are also more than a handful of technical trading books available on ebook, a library service, don't know if you have access to such.

Day Trading - Bateman.
Technical Analysis - Srinivasan
Trading Summit, Modern Trading Strategies - Afshari
Gann Theory books by Srinivasan too.

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