|Brainy's Share Market Toolbox|
An arsenal of weapons to help you tackle the share market.
|Monthly Share Market eNews email update|
Technical analysis - what is it?
How can I profit?
|eNews + eBook Articles Update ||#64 - August 2014|
This Share Market eNews email
is going to all of our subscribing Share Market Toolbox
Members as normal, and to the non-Members who have expressed an
interest in receiving it. (Any non-members who want to access the detail
in the Members Area can easily join as a Toolbox Member
- it's not expensive.)
Technical Analysis - What is it really?
In last month's eNews
email we talked about studying and analysing price charts, and noted
that it can be difficult to learn about technical analysis because we
need to analyse a chart using our current knowledge of technical
analysis, and then wait a few days or weeks before we can see if our
analysis is accurate. And last month we offered some suggestions as to
how to capture and record our analysis, so that it is easier for us to
come back a few weeks later and review the analysis to determine it's
accuracy. (If you missed that eNews, see it in the Toolbox eNews Archive
And while we go through the process of learning more about technical analysis, the following question often comes to mind: "exactly what is technical analysis?
". You know, I used to go along to the monthly ATAA
meetings, and learn something new, and make lots of notes, and sit back and think "so that is a part of technical analysis?"
. And it
took me about 4 years of attending these meetings, and reading a couple
of text books, to get an almost complete picture of what technical
analysis is all about. I wasn't aware of any short training course or
seminar that could teach all this in just one day.
That's why I maintain my Share Market Toolbox
- to help streamline and short-cut this process for other people. And
that was why I put together a powerpoint slide presentation a few years
ago for display by the ATAA at the annual investing/trading expo events.
And I updated those slides for the Expo in Melbourne this year (a week
ago), and I am now making them available in the Toolbox for Toolbox
Please see all the details below.
Any non-member who no
longer wants to receive this material on a monthly basis can simply
unsubscribe from ALL topics using the SafeUnsubscribe link at the bottom
- or just Update Your Profile
to change your interests
. (BUT NOTE
: Toolbox Members and BullCharts mailing list members should not unsubscribe, as it will remove you from all my mail lists.) Please
remember, anything mentioned here, and in the referred eBook Articles,
is for general education only, and is not advice of any sort.
Please read on....
About the eNews emails...
Just a short note to the recently new Toolbox Members:- These share market eNews emails
always go to Toolbox Members (a part of the Toolbox service), and to
the people who have registered to receive occasional information about
the Share Market. This is a monthly email with some pointers and tips
on focused topics - see a quick intro to the eNews emails
. They often include references to specific eBook Articles
in my Share Market Toolbox
, as well as key web pages in the free area of the Toolbox (eg. on the extensive Share Market web page
I have been writing the eBook Articles since October 2008 - that's
more than five years, and these eNews emails help you to navigate to
related and useful information each month.
Robert is always very happy to receive feedback about the Toolbox, and the articles and weapons therein.
Please feel free to contact Robert by email or phone.
Price charts summarise the underlying opinions
and emotions of the market participants.
Every chart tells a story.
It pays to understand the stories in the price charts.
This month's focus:
Technical analysis - what is it really?
said here in this eNews last month that many people have seen the
light, and can understand that the opinions of the market participants
are captured in the price charts, and that the price chart does indeed
tell a story (and exemplified in the chart at right - click on it for a
larger version with more details and comments, and see the explanation here
For anyone who has started their journey of learning about Technical Analysis
they have probably discovered over time that the subject is rather
broad. And it can take a while to discover all aspects. And along the
way, one challenge is to work out how much we need to learn about the
subject. The reality is that we only need to focus on one or two aspects
of technical analysis in order to be successful. And they can be
whichever aspects we find easiest to understand and relate to. But it
pays to be at least aware of all the different aspects so as to make a
wise choice going forward.
For those who are
still in the early stage of that journey of learning, it is difficult to
find good information that helps clarify the fog. And that is where
this month's eNews focus comes in. The material below is aimed squarely
at these people, to help them hasten their journey of learning. If you
are one of them, then please make sure to look through the materials.
Here are the links and details for this month's information (including any new or updated eBook Articles):-
- New slide presentation - "Technical Analysis - What is it really? and how can I profit?" - This is the updated set of slides used by the ATAA at the Melbourne Expo and at monthly chapter meetings. See the presentation slides in the Toolbox
(Toolbox regular members can download the plain slides, while Premium
Members can download the full speaker notes version, and non-members can
download the basic handout pages).
- eBook Article TA-1100, "Beginners start here" -
Carried over from last month, this updated (and free for everyone)
4-page eBook Article is a good read for the beginners to technical
analysis. It provides a quick overview of the journey ahead.
- Share-market-ready? - Are you ready for the share market? I have updated the "Share Market Ready checklist" web page
to include the new materials from recent months. It is a rather long
check list, but it includes many things to think about before rashly
investing in the markets.
- Books - recommended reading
- I have an informational page with a list of books classified as
suitable for beginners, or intermediate, or advanced. See the Books web page.
- Risk and money management
- Before you start risking too much money, make sure to understand how
to manage the risks, so as to maximise profits, and minimise the losses.
See the Risk Management web page in the Toolbox.
- Other relevant materials - Make sure to see other materials such as the list of PDF eBook Articles in the Table of Contents, especially eBook Article TA-2000, "Technical Analysis - Introduction".
growing collection of eBook (PDF) Articles, don't forget to see the
latest Table of Contents pages for all articles (see links in the
side-bar above right). There are now a total of 146 Articles in this collection - a huge total of 673 pages of information! You can see the Table of Contents for all eBook Articles here (recently new or updated ones are highlighted), and the Master Toolbox Index which includes the eBook Articles, plus web page references, and helpful videos.
eBook (PDF) Articles - Summary
Since October 2008 I have accumulated quite a collection of eBook (PDF) Articles
on three subject areas - Share Trading/Investing, Technical Analysis
and BullCharts software (actually more than 630 pages of material
in more than 138 articles). These Articles are invaluable for both new
and experienced investors and traders. I write brief monthly notes in
this eNews email to highlight specific Articles on targeted topics, and
sometimes referring to new or updated web pages in the Toolbox (also see
a history of Toolbox updates). I am also writing new Articles and updating existing ones as required. For more information please see:
Article front pages
For any new readers of my Toolbox eBook Articles, there are some useful introductory Articles including an Introduction and an Overview Article for each of the three subject areas. You can see them here:
What if you have some
sort of problem with accessing the Toolbox and any of these Articles? Or
maybe the Username and Password doesn't work. If there is any problem
at all, simply contact me by email or phone. The best email address for
this is: email@example.com
Occasionally emails disappear - the system thinks they are spam, or the
ISP might think they are spam. If I don't reply within a day or so,
please contact me by either email address or phone
is nothing secret in this email, so feel free to forward it to someone
if you think they might benefit from the information, or from being a
Toolbox Member. The easiest way to do this is to use the "Forward Email"
link at the bottom.
am also confident that my Toolbox Members won't be sharing their
username and password with non-members. It is not fair that I spend all
this time preparing the materials, and then my Toolbox Members pay money
to have legitimate access, only to let some people pay nothing to read
and view the details.
feel free to email an individual Article to others as a sample; but if
they want online access to all the materials, it is pretty cheap, so
they should subscribe as a Toolbox Member. There is information about Toolbox Membership in the Quick Links section at right.
Always happy to receive feedback, or suggestions for new content or improvements.
Until next month,
happy investing or trading,
Robert B. Brain
(mobile: 0438 355 910)
ps: watch out for the sharks in the ocean!