Technical Analysis Approach

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The Technical Analysis presented in Tsupitero.Com generally uses a discretionary Technical Analysis approach using both a trend-following as well as counter-trend strategies. It uses the basic trend lines and moving averages to identify the trend. If the trend is up, recommendations will veer towards looking to buy. If the trend is down, recommendations will veer towards looking to sell. If the trend is sideways, recommendations will veer towards trading the range. In giving recommendations, the approach follows the trends of two different time-frames. The longer trend is used for giving recommendations to Position traders while the shorter trend is used for giving recommendations to Tsupiteros. The weekly chart is often used to determine the medium-term trend while the daily chart is the one used to determine the short-term trend. Classical charting patterns are used by Tsupitero.Com to help identify and interpret trends. To help in analyzing short-term trends, Tsupitero.com uses Japanese Candlestick charts. Generally, a recommendation to enter long positions is triggered when the price has broken above the high of the previous day. A recommendation to exit long positions is triggered when the price has broken below the low of the previous day. Other analytical tools being used to give recommendations in this web site are Bollinger bands, the RSI and Fibonacci retracements.


Angping
Angping