cal268
教育

You should avoid indicators in technical analysis

ASX:AHY   ASALEO FPO
35 0 4
We had this stock in the Bottom Fishing strategy by VectorVest on the night of 2nd June.

Most people like different indicators, but they may not know how much successful rate of their favorite indicators give.
Most of the indicators are calculated by using moving averages. I still remembered my coach taught me to avoid these moving averages as named “MOVING” many years ago, and he also force his students to understand “Price action wins all indicators”.

As you can see from the Support and Resistance of this stock AHY             .AX
R5 is a pretty strong resistance since March 2015.
S2 is a pretty strong support since December 2016.
Simply draw a Fibonacci Retracement from R5 to S2 will give you a resistance level somewhere near Fib ratio 23.6%, where the candlestick of 2nd June closed
MACD crossover FAILED because there was almost the same volume of BEARS near that resistance level .

For those VectorVest users, you have to understand what the meaning of bottom fishing strategy, and also the story of the price actions talking to you.
Again, do not just simply focus on any crossovers signals to buy any currency pairs or stocks.



評論: Not S2. It should be S3
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出