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Buck Analysis
Otherwise known by me as 'Gin Bottling'.
Disclaimer: I am simply doing this for analysis practice and make no decisions on my Gin Bottle charts.
Disclaimer pt 2: Yes, many a times I am under the influence of Gin (or some other liquor) while doing these up.
I became interesting in TA about 3 years ago, and thought it was a bunch of hooey and confirmation bias, but it looked like a pretty darn interesting thing to do. Later on, a couple of chartists tried teaching a few of us about the finer art of charting (Zed and SAGI) and another (Hawkeye) always made it look fun. However, I quickly discovered that it was way over my head. But, not to be daunted, I began doing some TA studies while doing general market research.
The basic 'facts' I have discovered along the way:
Speculators will move the price.
Price will move on sentiment.
Price will move both up and down.
Speculators will make their decisions on TA.
So, based on these 'facts', I delved ever deeper into TA and basic market analysis to see just how far the Gin Bottle will go down the Rabbit Hole. What I've found has been interesting and I'd like to share a bit of what I do and how I do it.
Re-Disclaimer: I'm just a hack and do NOT make any financial decisions based on my charts. I am merely learning the ropes and the tools of the art. I already have my long term position and may use my charts for entry and exit timing some day when I decide to expand my holdings.
Feedback and questions are welcome (and so is a peanut gallery).
Now, on with the Bin Gottling.
Addendum: I was going to prepare a series of posts to carry me through the thread (at least the first two weeks) but life has a way of grinding me down (in a great way, but that's a story for another thread, another time).
Otherwise known by me as 'Gin Bottling'.
Disclaimer: I am simply doing this for analysis practice and make no decisions on my Gin Bottle charts.
Disclaimer pt 2: Yes, many a times I am under the influence of Gin (or some other liquor) while doing these up.
I became interesting in TA about 3 years ago, and thought it was a bunch of hooey and confirmation bias, but it looked like a pretty darn interesting thing to do. Later on, a couple of chartists tried teaching a few of us about the finer art of charting (Zed and SAGI) and another (Hawkeye) always made it look fun. However, I quickly discovered that it was way over my head. But, not to be daunted, I began doing some TA studies while doing general market research.
The basic 'facts' I have discovered along the way:
Speculators will move the price.
Price will move on sentiment.
Price will move both up and down.
Speculators will make their decisions on TA.
So, based on these 'facts', I delved ever deeper into TA and basic market analysis to see just how far the Gin Bottle will go down the Rabbit Hole. What I've found has been interesting and I'd like to share a bit of what I do and how I do it.
Re-Disclaimer: I'm just a hack and do NOT make any financial decisions based on my charts. I am merely learning the ropes and the tools of the art. I already have my long term position and may use my charts for entry and exit timing some day when I decide to expand my holdings.
Feedback and questions are welcome (and so is a peanut gallery).
Now, on with the Bin Gottling.
Addendum: I was going to prepare a series of posts to carry me through the thread (at least the first two weeks) but life has a way of grinding me down (in a great way, but that's a story for another thread, another time).
