|Brainy's Share Market Toolbox|
An arsenal of weapons to help you tackle the share market.
|What's new in the Share Market Toolbox|
The trend is your friend, BUT...
Watch out for trends in multiple time frames
|Monthly Toolbox eNews Update ||#76 Mar-Apr 2016|
It's happened again - I
am running so late with my Toolbox eNews Update - I guess I will just
have to peddle harder. My apologies if this has inconvenienced anyone.
This Share Market Toolbox eNews Update 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.)
Trends in multiple time frames -
One of the important things to understand about price trends, and
looking for an uptrend to follow (because it is reported that the trend is your friend) is that a price trend can exist within a trend, and the two trends can be different.
instance, an uptrend can exist within a bigger downtrend, and if you
want to invest with the uptrend in the hope that it will continue, you
might be surprised if it stops short and the earlier downtrend
continues. A good example of exactly this situation is shown in the
chart here (click on the image for a larger version).
If you would like to see a history of the Toolbox changes, see the special content update blog
, and you can select the option there to "Follow" that blog to get details about new updates as soon as they are made.
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. BUT NOTE
Toolbox Members and BullCharts mailing list members should not
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no longer get any emails. Please remember, anything
mentioned here, and in the referred eBook Articles, or web pages, is for
general education only, and is not advice of any sort.
Please read on...
About these Toolbox eNews Update emails...
Here's a short note to the recently new Toolbox Members, and new readers of this eNews email:- These share market Toolbox 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 bi-monthly email (or sometimes monthly)
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 a
few years now - and these eNews emails help you to navigate to related
and useful information each month. You can see the past eNews emails in
the eNews Archive
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.
The focus in this edition:
Price trends in multiple time frames
Many traders and investors are able to readily spot a price trend on a price chart - either an uptrend or a downtrend,
and many also believe that once a trend is in place it is likely to
continue. This is basically because of the underlying opinions of the
market participants (this is explained on my Share Market Toolbox Technical Analysis introduction page).
|Trends in multiple time frames.|
there is a complication. A price trend can exist within a price trend,
and these two trends can be opposite. A good example of this is shown in
the accompanying price chart (click on the chart for a larger image).
In this example, a major downtrend was under way for the first half of
the chart, then an uptrend got under way. After a few weeks, the earlier
is so important to be able to spot these features on the price charts,
and then don't be surprised when the price action unfolds - whatever
For an introduction to the topic of price trends, see the following existing eBook Articles:
The topic of trends in multiple time frames is explained in more detail in a new eBook (PDF) Article and a new web page:
my growing collection of eBook (PDF) Articles, don't forget to see the
latest Table of Contents pages for these articles (see links in the
side-bar above right). You can also see the Table of Contents for all eBook Articles (recently new or updated ones are highlighted), and the Toolbox Master 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. There are now 744 pages of material in 163
eBook 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: firstname.lastname@example.org
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!