I am a Canadian investor who specializes in analyzing stocks from a Technical Analysis perspective. I started doing this in the 1980's as a hobby. I was not an investor then but it fascinated me as to how stocks seemed to follow a pattern that could be observed and become predictable.
I started with Point & Figure charts and spent years on weekends back then creating my own charts and seeing how they worked. The advent of the internet made life a lot simpler since free charting services became available towards the end of the 1990's. Point & Figure charts are considered old school now but I still use then as I find them very useful to identify long term resistance/support levels.
I moved on from P&F charts to other charts/indicators/overlays. I struggled at first trying to apply what I was reading to real life examples. I found most writers were cherry picking their examples and I could find many many exceptions. I found that there were no end of indicators invented but while some were pretty decent even those gave false information. So I decided to look into combining various indicators together and observe what happened during these "lying" times. What I discovered was that if you chose your indicators wisely, and consulted them at the same time... you could find a consensus of opinion that was pretty good.
I then in addition to my P&F chart, created 3 more charts with overlays and selected indicators.
1. "Trigger" chart:
This is a chart for market timing of buys and sells. It uses Slow Stochastics, MACD and BBWidth as indicators with non-standard parameters. The main chart is a candlestick 6 month format with Bollinger bands and 50,200 SMA overlays.
This is a chart of my own invention and is very reliable, predictable and I can "see" different things depending on the situation... I believe I can even predict the onset of a short situation and its end... though I am a long term trader and don't short stocks. I would like discussions about shorting with those that do to practice this aspect.
2. "Sentiment" chart:
This is a chart I use for evaluating a stock after a bull/bear run to see how it is doing during consolidation of its share price. I use 3 more indicators, a line chart with a Parabolic Sar overlay. This chart is also part of an overall assessment of buy/sell/hold.
3. "Ichimoku" chart:
Ichimoku is Japanese for "glance" It is a very complex chart that I still study to learn more nuances. At a glance you have an in detailed idea of how your stock/security is performing. I add two more indicators as well
As far as a charting service is concerned I heartily recommend Stockcharts.com, this service in its free form is superior to anything to other charting services IMHO. Although I do use other services such as Barcharts.com for European stocks and Level2StockQuotes.com when I want real time charting for American or Canadian stocks
Here are links to each free service:
Stockcharts.com : stockcharts.com
Barcharts.com : barchart.com
Level2Quotes.com : level2stockquotes.com
This is only part of the tools I have to work with...
Why do I analyze charts for free?
I am asked that a lot. I have done this on several websites with varying success... not with my analyses but with the response of those on the website. I don't tolerate bad behavior. If you are disruptive, I will warn once and then ban you. If you don't like what I have to say...stay out of this area... simple as that. Having said that though I am very impressed with those on this website. I have shown my charts in a couple of threads and they have been received with respect... very nice.
I do this for a couple of reasons:
1. Education.... I went through 20 years of study as a hobby and the last 15 years for more study/investing. During that time I have observed many many newbies to charting and investments in general. I will explain how I arrive at my conclusions in great detail. If you are interested you will get the benefit of my research and experience. You don't have to take my observations as gospel... but you will find that my batting average is pretty good. I used to be a teacher once in my life... I enjoy teaching.
2. Expanding my research: Every stock presents a new challenge when reading its chart. Technical Analysis is not static... at least with me. I still learn new ways of looking at charts when I look at them. By responding to you, I get more and more practice at improving my skill.
3. Finding good opportunity: Every now and then someone brings me a stock that is ready to breakout. I would NEVER hide that from readers but I will take advantage of that opportunity as well... after all my eyes cannot be everywhere :)
I can look at stocks in any market place. My best advice will be on Canadian and American stocks, of course since I understand the North American market place reasonably well... but I have done European stocks in the past with roughly the same quality... I need more practice there :)
Table of Contents for Educational Posts by Underexposed
.......... Point and Figure Charts.....................................Trigger Chart...................
Message #... Subject Matter............................ Message #... Subject Matter............................
......1 ............... Introduction ...................................... 22 ............... Introduction..........................
......3 .............. Creating a chart ............................... 22 ............... Moving Averages ...............
......5 ...............Tools for chart analysis .................... 27 ............... Bollinger Bands Introduction
.... 13 ..............Sample analysis examples............. 43 ............... Bollinger Bands Signals
Please enter my thread and lets talk....
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