Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,341
- Location
- Stanley Hotel, Colorado
Eulogy have a look at http://www.biancatrends.com/FTSE.php
Good for an automated opinion to contrast with. Also I recommend candlesticks over a line chart, both can work but candlesticks are more accurate/informative
Its just some maths to me, averages and then speculation based on what the price did previously.
The evidence is in the price and volume. The more complicated indicators I kinda agree, if it appears to be colourful junk then just dont use it
You originally talked about what does a triangle mean. Its just a simple description of the price and then speculation on what it could mean happens next.
So a triangle with a flat base. The low price for a share each month was 30, 31, 30.5 and then the highest price in each month was 45, 40 and 36 for april, may & june
Thats a descending triangle, some people would then say this shows less people buying the share and the lowest price will fall, it'll go from 30 to 25 or 20. Where the two prices intersect (lines touch and it looks like a triangle) its more likely an event like this will occur.
Theres no science really, its just a maths numbers sequence and guess the next number.
Algo trading is computers using equations with the price history to then buy and sell automatically basically using the above technique and others. If it sounds dangerous, it probably is
Bianca is a computer doing roughly similar. It seems to show Hardy is at a relative top price. Only the recent rises have been more aggressive.
I've come to a similar conclusion except on my own personal judgement I think it go a bit further, there is some evidence there for it and its not any more complicated then seeing what just happened.
http://www.biancatrends.com/HDY.php
For EMED Bianca I think is saying the price is at a bottom, long term the blue line shows an increase.
Again I roughly agree, it could in theory go anywhere for any reason but theres still a pattern there past and future
http://www.biancatrends.com/EMED.php
SP500 futures at 1090 now which has been a big number a few times now
Good for an automated opinion to contrast with. Also I recommend candlesticks over a line chart, both can work but candlesticks are more accurate/informative
Its just some maths to me, averages and then speculation based on what the price did previously.
The evidence is in the price and volume. The more complicated indicators I kinda agree, if it appears to be colourful junk then just dont use it
You originally talked about what does a triangle mean. Its just a simple description of the price and then speculation on what it could mean happens next.
So a triangle with a flat base. The low price for a share each month was 30, 31, 30.5 and then the highest price in each month was 45, 40 and 36 for april, may & june
Thats a descending triangle, some people would then say this shows less people buying the share and the lowest price will fall, it'll go from 30 to 25 or 20. Where the two prices intersect (lines touch and it looks like a triangle) its more likely an event like this will occur.
Theres no science really, its just a maths numbers sequence and guess the next number.
Algo trading is computers using equations with the price history to then buy and sell automatically basically using the above technique and others. If it sounds dangerous, it probably is
Bianca is a computer doing roughly similar. It seems to show Hardy is at a relative top price. Only the recent rises have been more aggressive.
I've come to a similar conclusion except on my own personal judgement I think it go a bit further, there is some evidence there for it and its not any more complicated then seeing what just happened.
http://www.biancatrends.com/HDY.php
For EMED Bianca I think is saying the price is at a bottom, long term the blue line shows an increase.
Again I roughly agree, it could in theory go anywhere for any reason but theres still a pattern there past and future
http://www.biancatrends.com/EMED.php
SP500 futures at 1090 now which has been a big number a few times now
As a techie myself though I'm pleased to see the overclocking community also having an interest in shares 
) and thought you might be interested in RNSalert which sends you emails or text messages whenever a company releases an RNS to the stock market. It has proved very useful to me in finding out about about oilies in particular. 
