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What are Charting Websites/Softwares?
#1
Charting softwares are tools which let the trader/investor check out the daily/weekly/monthly/yearly price charts of a particular stock

Beginners will mostly visit PSE.com for their charts. It's great for daily views, however, it only goes back as far as two (2) years. The charts are clear and clean. However, it only shows a few indicators, and may not be enough for the seasoned traders. You also can't draw trendlines on their charts, so you'll have to copy/paste it onto a photo editing software in order to draw smilies and those cute little buy/sell arrows.

Bloomberg offers an nice alternative to PSE. you can even doodle some lines on it. It even has an real time (sort of - with a 15 minute delay ) intraday price chart. However, the other indicators, save for RSI and Bollinger Bands are quite useless as the charts are too small to be of real use. Bloomberg is however, a great website to monitor your stock (current/past) positions.

A nice charting software is Amibroker, the the datas are updated daily using PSEGet. Amibroker is a great software since it basically lets you doodle not only on the price chart, but also on the indicators/oscillators as well.

Aside from those listed above, what other charting software/websites are available to traders? Which one/s are the most beginner friendly?
buy high, sell higher!

stock market abbreviations (for newbies)
http://www.stockmarketpilipinas.com/post...g#pid11738

"when it comes to trading, i'm just barely smart enough to realize that i'm a total idiot. i might be considered stupid, but on the intelligence scale, it puts me comfortably ahead of all the dumber people who thinks they're better than me."


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#2
Metastock Pro (Gamit ko noon sa local, but I use thos for US stocks)

COL charts... Practically free.

Amibroker id good. P10K petot only for basic package.
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#3
(07-31-2011, 04:11 PM)glenchuy Wrote: Charting softwares are tools which let the trader/investor check out the daily/weekly/monthly/yearly price charts of a particular stock

Beginners will mostly visit PSE.com for their charts. It's great for daily views, however, it only goes back as far as two (2) years. The charts are clear and clean. However, it only shows a few indicators, and may not be enough for the seasoned traders. You also can't draw trendlines on their charts, so you'll have to copy/paste it onto a photo editing software in order to draw smilies and those cute little buy/sell arrows.

Bloomberg offers an nice alternative to PSE. you can even doodle some lines on it. It even has an real time (sort of - with a 15 minute delay ) intraday price chart. However, the other indicators, save for RSI and Bollinger Bands are quite useless as the charts are too small to be of real use. Bloomberg is however, a great website to monitor your stock (current/past) positions.

A nice charting software is Amibroker, the the datas are updated daily using PSEGet. Amibroker is a great software since it basically lets you doodle not only on the price chart, but also on the indicators/oscillators as well.

Aside from those listed above, what other charting software/websites are available to traders? Which one/s are the most beginner friendly?

@glenchuy,

thanks for starting this thread, i was meaning to start one about this topic since im interested to learn it as well...

Just would like to mention Bloomberg..I use that app on my ipad and its great to use to see price movements (highs and lows) in the past day, month, 6 months, 1 year and 5 years. Of course, i dont think my using it that way is any form of technical analysis.. Smile its just my own newbie way of knowing and trying to "guess" whats a good price to sell a stock based on past history.. hence my desire to learn more about charts and patterns..

btw, the Bloomberg app on ipad AFAIK doesnt let me doodle on it. I guess they only do that on their website so ill try it out one of these days..

Ive also tried checking on other finance/stock apps for the iphone/ipad. Theres a lot of them , but they show US stock data.. do you know any that shows PSE data (like Bloomberg)?

some of my other questions on charts are:

1) What is the time frame (1 year, 5 years) they use on charts? Is there a standard? (You already said bloomberg charts show limited info. Aside from that limited information, are their time frames 1 month, 6 months, 1 year and 5 years appropriate for charting? (ie, they dont have 2, 3 or 4 years)

2)Like you, I'd like to know also other websites that would show these info Smile but....

3) What about forums and blogs (like SMP) where members post and share their charts? Didnt they already do the work for us (bless em)? All i need now is a way to INTERPRET those lines and acronyms Wink

4) I know there are also several videos (many in youtube, but others as well) teaching newbies about Charting. Any one in particular that you guys can recommend?

5) How about seminars on this subject? COL i think offers Technical analysis seminars every now and then.. are they any good?

thats all for now, thanks for listening..

I have a few more questions for gbk... hehe


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#4
(07-31-2011, 09:04 PM)gbk Wrote: Metastock Pro (Gamit ko noon sa local, but I use thos for US stocks)

COL charts... Practically free.

Amibroker id good. P10K petot only for basic package.

hi gbk,

(wanted to multiquote this with my above post but MQ not working for me..)

Some questions please,

Metastock Pro...is it free?

COL Charts... ummm.. i tried to look for charts on COL.. couldnt find it anywhere.. would you be kind enough to point it out for me please? Smile

amibroker.. 10k is that 1 time fee, no need for subscription?

Im just curious about this, i dont think im at that level yet where I need to invest a lot to learn serious charting. For now, i look at specific stocks, many of which have charts being provided by helpful users (i think by yourself and glenchuy actually) so thanks guys for all the effort youve done and for sharing it with others Smile

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#5
Quote:some of my other questions on charts are:

1) What is the time frame (1 year, 5 years) they use on charts? Is there a standard? (You already said bloomberg charts show limited info. Aside from that limited information, are their time frames 1 month, 6 months, 1 year and 5 years appropriate for charting? (ie, they dont have 2, 3 or 4 years)

For a paid subscription, you get all data up to the start and every session there after.

2)Like you, I'd like to know also other websites that would show these info but....

googlefinance.com yahoofinance.com is ok for free charts. I think reuters have too. But you have to wait the next day or sa gabi para ma-update yun. Basic functions lang yan, no fibonacci and other advance chart studies.

3) What about forums and blogs (like SMP) where members post and share their charts? Didnt they already do the work for us (bless em)? All i need now is a way to INTERPRET those lines and acronyms

There are different trading styles in the different forums. The support, resistance, targets and limits vary from style to style, thus the interpretation is biased based on the trading style. I suggest you try them out and pick which style is suited to your personality and risk profile.

4) I know there are also several videos (many in youtube, but others as well) teaching newbies about Charting. Any one in particular that you guys can recommend?

I suggest reading books first before watching those so you can better understand the concepts. Knowledge is always the first step.

The forex techical guide also works fine sa equities. If you have time sa evening, try your skills sa online real-time demo trading sa forex. The patterns appear quicker (1 minute), thus you can experience patterns quickly and try out trading ideas. Sa mga forex site may demo yan just sign up for free.

5) How about seminars on this subject? COL i think offers Technical analysis seminars every now and then.. are they any good?

COL seminars are very basic. A good start but the specifics you have to learn from somebody else or learn it yourself.

thats all for now, thanks for listening..

If you are not a serious/full time trader, then metastock is to expensive. + data subscription fee pa.

MAs mura amibroker at 10K one time + free upgrades. Sa data subscription, pwede na pseget gamitin mo.
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#6
Dugtong... hehe

COL charts go to quotes tab then the charting is at the bottom of the list.

RIght click the chart for more functions like fibo.

-----------------------------

Sa charting question mo, are you sure na technician ka by heart? Baka fundamentalist ka. Just explore both to find out. We all go through that phase sa early trading like. Like me, pure technician ako from the start... kasi tamad ako magbasa ng FS. hehe
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#7
Just to expand on what sir GBK said -

I also read FS, and browse the the PBV/EPS/PE/BS/growth rate at kung ano ano pang acronyms ang nandyan ng mga stucks ko.

It's nice to understand the numbers and meanings behind the acronyms. For me, andun ka na e, di mo pa alamin. Nakakahiya kasi kung magkwentuhan kayo ng kaibigan mo tapos tinanong sa iyo kung ano mga positions mo. Tapos biglang tanong sa iyo - "ganun? bakit dyan? kumikita ba yung company?" tapos nganga ka lang hehe.

However, do these numbers influence the way I trade my stucks? Not really, that's when I knew technician ako at hindi fundamentalist.
buy high, sell higher!

stock market abbreviations (for newbies)
http://www.stockmarketpilipinas.com/post...g#pid11738

"when it comes to trading, i'm just barely smart enough to realize that i'm a total idiot. i might be considered stupid, but on the intelligence scale, it puts me comfortably ahead of all the dumber people who thinks they're better than me."


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#8
(08-01-2011, 01:51 PM)gbk Wrote: Dugtong... hehe

COL charts go to quotes tab then the charting is at the bottom of the list.

RIght click the chart for more functions like fibo.

-----------------------------

Sa charting question mo, are you sure na technician ka by heart? Baka fundamentalist ka. Just explore both to find out. We all go through that phase sa early trading like. Like me, pure technician ako from the start... kasi tamad ako magbasa ng FS. hehe

thanks gbk for your comprehensive replies above, its been very helpful...

ayun nakita ko na sa COL yung chart... hehe

people do say COL's website isnt very user-friendly or intuitive... its there lang pala... hehe

COL charts (1st time i saw it on its site) looks like the ones posted by many users, so i take it many Technical Analysts get their chart from COL.. as you said its "Practically" Free... (but it is Free right? complete with no catch naman? whats the "practically" mean? Smile )

I'd guess this would be a good place to start learning or messing with charts, instead of those other paid software and subscriptions..

You are correct, I am not a technician by heart. I am more keen on fundamentals (if even that, Im still learning as i go along). In fact reading charts and trying to interpret it gives me a headache (reminds me of learning Trigonometry in high school.. hehe), but still i want to explore and at least try to get a basic grasp of the subject. Para naman di ako mapagiwanan habang may nagdidiscuss ng mga yan sa forums.. hehe

As I said before, lots of folks are unselfish enough to share their charts with the rest of us, so all i need for now is to recognize patterns and their meanings (bottomline of when to buy and when to sell). Still if i can learn more about what goes on behind it, couldnt hurt right? Smile

again, thanks for the reply. Smile


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#9
(08-01-2011, 01:49 PM)gbk Wrote: The forex techical guide also works fine sa equities. If you have time sa evening, try your skills sa online real-time demo trading sa forex. The patterns appear quicker (1 minute), thus you can experience patterns quickly and try out trading ideas. Sa mga forex site may demo yan just sign up for free.

Just want to reply here, sorry medyo OT, hehe...

I did try forex virtual trading. I attended live online webinar (w/c was pretty cool) with DBFX and signed up for free virtual account. They gave me $20,000 or $50,000 yata.. within 2 days I earned $10,000 na... hehe..then the next day i lost $4,000... then i stopped na... hehe. It was more like a game to me.. i didnt know what i was doing.. i was just "betting" on certain currencies (some I just watch news advice on forex from bloomberg) and watch the price go up or down by the second... minsan trtry ko sa weird currency that i dont even know.. tataas naman.. hehe ... fascinating experience.. parang casino lang.. bet on black or red you have 50% chance.. Smile sarap imaginein if totoong pera kaya kong i-gamble... hehe

but of course i wouldnt do that with real money .. i thought of trying to learn the ropes and do it the right way but i dont have the confidence nor the time then. Much easier to start with the stock market so here i am Smile Maybe someday i can revisit forex trading as well... Smile


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#10
(08-01-2011, 12:08 PM)kyleryner Wrote: Im just curious about this, i dont think im at that level yet where I need to invest a lot to learn serious charting. For now, i look at specific stocks, many of which have charts being provided by helpful users (i think by yourself and glenchuy actually) so thanks guys for all the effort youve done and for sharing it with others Smile

Sir kylerner, if you want to be a technician, think of charting as your "homework". Aba, mabilis lang kumopya ng homework diba. Papasa ka rin naman kung kumopya ka dun sa honor student. Ang problema dito kung mag absent si seatmate pagdating ng exam, yari ka.

Guilty din ako sa charting - I think I post most if not all of my charts sa FB, siguro bilang lang sa kamay ang pag post sa sites, pero promise ko sa sarili ko na sisipagan ko na mag post dito para dumami pa ang discussion natin dito.

Since interpretation of charts is subjective, kanya kanyang interpretation ang mga tao dito. Nakakatuwa din minsan kung may pareho ka na interpretation ng chart. Halimbawa kung pareho pala kami ng interpretation/TP ni sir GBK sa isang chart, napapaisip ako - genius din pala ako! - minsan. Big Grin
buy high, sell higher!

stock market abbreviations (for newbies)
http://www.stockmarketpilipinas.com/post...g#pid11738

"when it comes to trading, i'm just barely smart enough to realize that i'm a total idiot. i might be considered stupid, but on the intelligence scale, it puts me comfortably ahead of all the dumber people who thinks they're better than me."


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