I’ve been teaching myself to read charts for a short while now and things are starting to make good sense. I’m starting to be able to identify trends and look for signals and stuff like that.
I have a question though….
Is there a computer program somewhere that will read a chart for you and recommend entry and exit points for you based on historical data? Is there a site(s) that you can visit that will point out trade triggers for you – make recommendations? I’ve heard of “stock scanners”. Are these what I’m talking about? Do you have to subscribe to the service? It would be worth it. Of course, nothing is better than reading the chart and making your own decisions – but couldn’t there be a system out there somewhere that can take out some of the tedium?
I ran across this Clearstation thing that has the Technical Events in its Tag and Bag section that seems pretty helpful … I’m looking for some thing much more involved though. For instance…. I have a job with an airline where I dispatch baggage handlers to pick up and deliver passenger baggage through a connection hub. I have developed a computer program that divides their workload into manageable parts and suggests the best possible delivery route, and order, that is most efficient for the run. It takes a lot of the “thinking” or tedium out of the work – all they have to do is follow the directions on their sheet and get the job done. Of course – They’d have to make a human decision when the need arises.
Somebody has developed the same thing for stock trading – Right?
Any help is appreciated. Thanks.
Posted by Who? on :
Stinky
There are several free sites that analyze stocks.
StockTA.com grades stocks as bearish, bullish etc..and lists support and resistance levels.You can also generate some scans.
Another one is Barcharts.com.
A third free site is Stockcharts.com which has quite a few basic scans.
Most free sites also have a subscription service which allow you to perform additional advanced searches, etc..
StockFetcher.com , for a subscription fee, enables you to write and backtest your own scans, and read other member's filters.
There are other sites, and I'm sure other readers can name them.
Posted by Stinky on :
Who? I really like Barchart.com! The others are cool too ... -gonna need some time to go through them in full.