Forum Archive Index - December 2002

["Morgy" <morgy40@xtra.co.nz>]

Holden

The NZ Stanz website is www.stanz.co.nz , there is a links section to the
other TA professional  associations (IFTA) around the world on it, the
aussie site is particulalry good, they offer a diploma course through there
assocation linked to the asx securities diploma.

Yes, if you are an end of day trader you may find that works for you. The
Nasdaq and I am sure NYSE have software that shows the trading floor live
during trading, offering depth, volume and hot market section reactors, you
have probably been to both those sites, I was gob smacked at the
sophistication and information available on those sites about the markets,
particularly how trades actually worked which is quite different to NZ &
ASX.

A site I quite like is www.cbs.marketwatch.com as it has great US info and
also email alerts which you can setup so if a stock goes up or down while
you are aslep to a predetermined level you are sleeping you will get an
email that day advising you of the change. As I write this one has come into
my email folder.

Re books, I recomend a solid "base book" for "encyclopedic" information such
as Murphys "Technical analysis of the financial markets", he also has a web
site that offers a free trial period.

I hope this helps and good luck

Regards

Morgy
----- Original Message ----- 
From: "Holden Glova" <dsafari@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, December 17, 2002 10:21 PM
Subject: Re: [sharechat] Markets


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Thanks for all that Morgy. Because I would only be 'end of day' trading do
you
still think that it would be beneficial to be awake when the market it open?

Free software I use...well bigcharts and stockfetcher.com. Stockfetcher.com
is
quite a fantastic service and pretty cheap (approx $20/month NZD).

Books I've been reading are Martin Pring's TA explained and Steven Nison's
Japanese candlestick charting techniques.

No I haven't joined the NZ TA society, any pointers on where I can find out

some info on what is involved for joining?

I suspect I will continue to be a beginner at this game for a couple of
years
to come. As Nison says in part 1 though, "Japanese proverb - even a
thousand-mile journey begins with the first step". :)

On Tue, 17 Dec 2002 22:17, Morgy wrote:
> Hi Holden
>
> A few months ago I attended a seminar with Dr Alex Elder and the subject
of
> trading markets that are not open at what is a normal time for us came up.
> His recomendation was that you trade the market that fits with your
> sleeping patterns and trading method, he said that he got into trading
> wheat futures in Australia which was a good market but after awhile the
> need for sleep made this job quite onerous. I am not suggesting that this
> is not viable and indeed if you are not "trading" as such in a short term
> time frame then it is not a problem but sleep deprivation should be a
> thought for you. Phaedrus has recomended a broker in the past that he
deals
> with in the US & he may like to drop that in to the forum once again as it
> slips my memory. Most of the TA & investing books are based on the US
> market so it is not surprising that they seem to fit that market well.
>
> Are you still using free TA software and if so I would be interested in
> reading your preferred providors.
>
> Also, what have been your preferred books if you dont mind me enquiring.
>
> Have you joined the NZ TA society, phaedrus pointed out to me sometime ago
> the videos they have available to members.
>
> I am a big fan of Colin Nicholsons web site which literally has a lifetime
> of TA & investment articles mostly for free and also for a very small fee
a
> subscribers section.
>
> Look forward to your reply
>
> Regards
>
> Morgy
>
>
>
>
> ----- Original Message -----
> From: "Holden Glova" <dsafari@paradise.net.nz>
> To: "sharechat.co.nz" <sharechat@sharechat.co.nz>
> Sent: Tuesday, December 17, 2002 9:23 PM
> Subject: [sharechat] Markets
>
>
> Hi all,
>
> I've been spending lots and lots of time reading and pouring over charts
> (sometimes coffee) and I have come the conclusion that the NYSE looks
> easier to TA then the ASX. The candles seem to follow "the rules" more
> often. It does however look more volatile which can work with or against
> you. I am interested in anyones opinions and thoughts on this. Also, if
you
> where to trade online in the USA what is involved to setup an account?
> Anywhere you would recommend using? I had a quick look over ameritrade.com
> but thought i would ask first.
>
> Many thanks in advance for your comments.

- -- 
Signed,
Holden Glova
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