Improve Your Trading – Technical Analysis 1

Featuring Dave Floyd

Welcome to the start of a brand new six-part series on Real Vision, designed to help you use technical analysis to improve your trading. ‘Technical Analysis’ with longtime RVTV contributor Dave Floyd, aims to provide you with the tools and framework to not just implement technical analysis, but to understand its finer points and use it effectively when market conditions change. Watch out for Technical Analysis with Dave Floyd every Monday on Real Vision TV.

Published on
2 January, 2017
Topic
Trading, Technical Analysis
Duration
11 minutes
Rating
28

Comments

  • JD

    Jimmy D.

    23 6 2017 01:00

    0       0

    Looking forward for the technical analysis portion.

  • RM

    Ritwik M.

    15 6 2017 00:24

    1       0

    Good learning
    Impressive

  • DF

    Dave F.

    31 1 2017 21:59

    1       0

    Hi Daniel A.....I will be touching upon position sizing in later videos

  • XZ

    Xriva Z.

    27 1 2017 23:13

    3       0

    Viewing on iPad. Wish titles in this training series were numbered so that it would be clear which video was next in the series.

  • JC

    John C.

    12 1 2017 17:10

    0       0

    Thanks Dave really looking forward to this - something I really need!

  • DA

    Daniel A.

    11 1 2017 22:42

    0       0

    Thanks Dave, will you be also covering position sizing?

  • HS

    Hugo S.

    9 1 2017 15:11

    0       0

    This is something that I look forwards. Thanks for putting the effort and the thought for those that made the decision to start this series

  • PK

    Paul K.

    8 1 2017 19:43

    0       0

    Fantastic Dave. Can't wait to get started.

  • wp

    william p.

    8 1 2017 10:46

    0       0

    Hi Dave, cannot wait to get started!! Thanks HNY to all @ RealVision TV

  • CV

    Cesar V.

    8 1 2017 02:55

    0       0

    Dave, I am really looking forward to this. I am a big fan of yours.

  • MS

    Matt S.

    7 1 2017 22:45

    1       0

    Awesome - look forward to it.

  • DF

    Dave F.

    6 1 2017 21:18

    4       0

    Just finished shooting Video #2 - Identifying The Trend - will be posted on Monday.....Enjoy the weekend.

  • JM

    James M.

    5 1 2017 18:27

    1       0

    Excellent idea for a series and exactly what I personally have been searching for. Tuition and learning have always been the core element for me and the main reason I subscribe to RV. I think other RV contributors should follow DF's lead. Looking forward to the series and I hope you expand it further.

  • JC

    Joe C.

    5 1 2017 02:49

    1       0

    [@ the skeptics...] To me, whether or not you "believe" in TA boils down to a simple, mutually exclusive worldview: either you believe price has memory, or you don't. Citing examples of TA failure as proof TA doesn't work sounds as academic as saying risk management principles don't work because X% of traders lose money when employing them. Poor craftsmen and their tools, as they say. I look forward to this video series hopefully dispelling some of the stigma.

  • RP

    Raoul P.

    4 1 2017 20:06

    2       0

    Dave is fast becoming a super star! Nice job!

  • DF

    Dave F.

    4 1 2017 19:14

    0       0

    Thanks Tom W

  • DF

    Dave F.

    4 1 2017 19:14

    1       0

    JB - looking to roll out a new one each week - maybe 2 - really depends on filming schedule

  • jb

    j b.

    4 1 2017 16:22

    2       0

    what's the time table
    for rolling out the series

  • TW

    Tom W.

    4 1 2017 15:35

    0       0

    I like the concept of combining fundamental and technical analysis. Looking forward to the series.

  • KE

    Kenan E.

    4 1 2017 14:14

    1       0

    Hi Dave, I am really looking forward to this series. It also looks like RVTV is going to outclass its own (very high) standards on high class visuals ;-)

    I would also like to see a piece (or several) on elliot wave analysis -- although some people might consider that even more esoteric than the rest of the TA-stuff...

  • DF

    Dave F.

    4 1 2017 13:47

    5       0

    Joe C. - I plan to offer a Bonus Video where I interview a staffer from The Fed. You know, someone with no real-world experience but knows how to build fancy models in Excel based on theories that have no relation to the world we live in.

    I want everyone to see how fantasy gets shoved down the throats of free markets. That is where the light bulb goes off for everyone.

    On a side note - if you have not read Michael Lewitt's most recent monthly letter - please do. He does such a great job of framing things both economically and politically.

  • DF

    Dave F.

    4 1 2017 13:41

    0       0

    Hi Gurdeep - I/we have some ideas in mind. Not interested in a 'how to' course:

    1. Too many of those and I have no interest in joining that questionable crowd

    2. They are not realistic - only learning patterns/set-ups does not prepare one to trade fully

    So, there are some ways to offer something meaningful, with shelf life...simply a matter of putting it together.....I will keep you/everyone posted.

  • DF

    Dave F.

    4 1 2017 13:33

    0       0

    Derek D - love your riff....clever!

  • gg

    gurdeep g.

    4 1 2017 09:47

    0       0

    Any ambitions on an extensive course in the future Dave? Would be interested. Considering pretty every' trading school out there today is a con IMO

  • DD

    Derek D.

    4 1 2017 05:50

    3       0

    Resident DJ Dave Floyd dropping some hardcore house beats on us. RV crew has the glowsticks out in Cayman!

  • LC

    Liliana C.

    4 1 2017 05:48

    0       0

    The Dave! Can't wait to learn some TA!

  • JC

    Joe C.

    4 1 2017 04:19

    0       0

    "Technical analysis gets alot of scrutiny from academics because it is completely unproven scientifically"

    I wonder if the Fed is hiring.

  • TR

    Thomas R.

    4 1 2017 02:50

    2       1

    Tim S - great response. I clearly misread your initial comment. RVTV is an unbelievable velue and I appreciate the willingness of the all the contributors to engage in the level of discussion they do - regardless of whether I agree with them or not. Listening for me provides an hour or so to really think and have the opportunity to have ideas surface.

    Emmamuel - I'm too much at the bottom of the curve to understand what tool shed means. If I offended you I apologize. I clearly overreacted to Tim's initial comments.

  • CL

    Chuck L.

    3 1 2017 22:24

    2       0

    Dear Dave,

    Looking forward to your presentations---- I am 78 years young and still trying to understand the macro and micro approach to markets. But I am not Einstein and fully aware of the pitfalls.
    Thanks Again

  • PP

    Philip P.

    3 1 2017 19:02

    0       0

    Thanks dave good work!! I'm looking forward to the next video

  • el

    emmanuel l.

    3 1 2017 15:00

    1       0

    thomas r = tool shed

  • AE

    Aleksey E.

    3 1 2017 11:03

    3       0

    Here is a link outlining recent hedge fund performance. Note CTA discretionary is the very worst:
    https://www.preqin.com/docs/newsletters/hf/Preqin-HFSL-Sep-2016-Man-vs-Machine.pdf

    Andreas describes this well:
    http://www.followingthetrend.com/2014/05/why-technical-analysis-is-shunned-by-professionals/

    Michael Harris on CTA trend following:
    http://www.priceactionlab.com/Blog/2015/11/trend-following/

    Do your own research & come to your own conclusions folks !

  • AE

    Aleksey E.

    3 1 2017 10:48

    2       2

    Hi sorry, almost fell off my seat at some of these comments... 1) Technical analysis gets alot of scrutiny from academics because it is completely unproven scientifically & there is infact alot of evidence to prove this. This is why on average passive investing beats active trading. The markets of this century exhibit far less autocorrelation than previously and render most price based methods obsolete. It is also the unethical tool used to reel in unsophisticated retail traders to crash their accounts. 2) The CFA prepares one to become a real industry finance professional. It is very rigorous and intellectually stimulating covering many topics. It is not just some "high-brow balance sheet oriented exam"... They have one short chapter on tech analysis because it is still used in the industry by some traders. They also emphasize "You are not required to believe technical analysis can create positive risk-adjusted returns on average over time" & clearly define the weak underlying assumptions. 3) Err there are many programs/systems that run to identify companies to short... And it works really well. What do you think quants do all day? Many funds now run systematic long/short strategies & have well outperformed other strategies. These strategies are now very accessible to retail investors & through quantopian.com Check out Michael Harris' book - "Fooled by Technical Analysis" 4) What I think would be useful is to take a scientific approach: develop a hypothesis, develop the rules, test the hypothesis & discuss the conclusion. Showing any quantitative evidence would help expel the "voodoo". I've heard there are funds that use pattern recognition analytics to identify chart patterns and raid them. My 2 cents

  • T~

    Tshort63 ~.

    3 1 2017 06:06

    3       0

    Hi Thomas R- I'm a noob, pretty sure I am at the bottom and far to the left but have to start somewhere. To the folks who thumbed down, it was an attempt at self deprecating humor. And....I am pretty sure I am at the bottom of the curve. :-)

  • IH

    Iain H.

    3 1 2017 05:28

    1       0

    Can't wait Dave, bring it on!

  • SR

    Sean R.

    3 1 2017 03:32

    1       0

    HNY everyone! Really looking forward to this series...

  • AG

    Austin G.

    3 1 2017 03:22

    1       1

    Years ago when I first saw an article on TA, I thought it was crap! This was in the 70s. What matters to me about TA is that markets are not always rational, and where the money is going is what matters. TA gives you some insight on this important issue. In the long run 20 years or so, fundamentals matter, but if you are talking 1 or 2 years, it is where the money is going

  • DJ

    Dario J.

    3 1 2017 01:43

    1       0

    Great news Dave, thank you!
    Happy New Year to All!

  • TR

    Thomas R.

    3 1 2017 01:33

    0       3

    To Tim S - speaking for myself as probably the person at the very bottom of the bell curve - I'm only up 150% this year. I was targeting 450%, so clearly I've got a lot to learn to become as masterful as guys like you at the very top of the bell curve. Thanks for setting the bar. My new's years resolution is to somehow be as knowledgable as you - big guy!

    Dave - keep on contributing. It's appreciated.

  • GG

    Giacomo G.

    3 1 2017 00:20

    1       0

    bring it on dave!

  • AW

    Anak W.

    2 1 2017 21:32

    2       0

    very looking forward to this series. thank you for sharing it with us.

  • T~

    Tshort63 ~.

    2 1 2017 19:22

    5       2

    "RVTV has been successful and has attracted a very high caliber client base." Well, someone has to anchor the bottom of the bell curve to set a fair distribution. :-)

  • T~

    Tshort63 ~.

    2 1 2017 19:15

    8       0

    #awesome Love the fundamentals and nuances approach and all episodes sound really helpful. First time taking notes on RVTV.

    Could there be a 7th episode that unites some of the RVTV charting folks in a round table discussing their ideal subscriber, what their philosophy is, what their specialty is and what they see focusing on in 2017?

  • jh

    john h.

    2 1 2017 18:40

    3       2

    excited for this

  • DF

    Dave F.

    2 1 2017 18:36

    5       0

    SK S.....yes, I will certainly highlight some of what I consider to be the better tools out there in terms of software and hardware.

  • DF

    Dave F.

    2 1 2017 18:36

    1       0

    Kash - I will not be covering Point & Figure charts. I simply have no expertise in that area....sorry.

  • KS

    K S.

    2 1 2017 18:27

    3       0

    I am excited to follow this series. Not a technician by any means but looking forward to gain basic skills. Dave, can you also cover the tools to use - platform, data, etc?

  • JS

    Jon S.

    2 1 2017 18:23

    1       0

    Great video Dave.

  • jt

    james t.

    2 1 2017 18:05

    2       0

    Wow, RVTV just keeps the quality coming! Thanks Dave, I look forward to the info.

  • MC

    Minum C.

    2 1 2017 17:53

    0       0

    Are Point & Figure charts discussed in any level of detail? Do you use these to help with your analysis?

  • CH

    Calvin H.

    2 1 2017 17:48

    1       1

    Thank You Thank You Thank You and Hallelujah!

  • SS

    Sam S.

    2 1 2017 17:43

    3       1

    Teaching the tricks and ticks of the trade and for what we pay to play in the RV TV world, this is awesome. How about throwing the "I can never loose" software package-HA. If I learn just one thing out of this series, it's more than worth the price of admission. Thanks to Dave and all at RV TV. All the best for 2017.

  • DF

    Dave F.

    2 1 2017 17:01

    21       0

    Hi Brian,

    Both myself and the folks at RVTV know there are no 'easy' solutions of magical 'set-ups' that one can learn at a Holiday Inn Conference Room over a weekend. This is exactly why RVTV has been successful and has attracted a very high caliber client base.

    It is my sincere attempt to illustrate practical methods of using TA that actually do work (when combined with patience, time and dedication).

    No magic bullets here - however, for $99 I will not only throw in the 'Amazing Trade Scanner'......kidding.

    Here is to the upcoming episodes and a robust 2017.

  • DF

    Dave F.

    2 1 2017 16:56

    16       0

    Andy - good morning.

    There will indeed be coverage of Elliott Wave. But given it is a pretty deep subject, it will not be a deep dive - but will certainly paint EW in a light that demonstrates how it can be used to 'objectively' in framing trades.

  • BN

    Brian N.

    2 1 2017 16:51

    7       0

    To be honest, at first I was skeptical of these series when you announced them before the New Year started. I expected them to be on the same level as random and obscure technical analysis techniques poised to entice people who want an easy way of investing. However, this video really brought my expectations for the series up. Looking forward to the insights!

  • AC

    Andy C.

    2 1 2017 16:49

    0       7

    Looks like he isn't going to cover elliot wave. Disappointimg

  • WM

    Will M.

    2 1 2017 15:36

    23       0

    Happy New Year Dave. I eagerly look forward to your technical analysis series and I am confident your presentation style is going to increase RVT viewers knowledge markedly. 2017 feels like it could be a hell of a year in the markets!