Hi Anna, I recently purchased your book on volume price analysis. I am wondering what you recommend for software for technical analysis, and/ or if you have a website or service for recommendations based on technical analysis. Thanks so much
Hi – Many thanks for your email and thanks also for buying my VPA book which I hope you enjoyed. With regard to technical analysis and charts, the ones that I use primarily are as follows :
- MT4 for charting in spot forex – this is free and available from most forex brokers
- NinjaTrader and Kinetick – this is primarily for futures trading and for tick based charts – this is paid on subscription. The NinjaTrader platform is free to download but you do have to pay for the intraday live feed ( although they do offer a limited EOD free option) In addition, NinjaTrader and Kinetick have an excellent offer running, called the CME waiver programme. The way this works is very simple, and if your broker is one of those on the preferred list, then registering with the CME waiver programme gives you the option to avoid any exchange fees when trading. Its a great way to save on these and all that’s required is that you log in to your Kinetick and brokerage account simultaneously once a month, and this then confirms the offer once again. You can find out more about the CME waiver programme here. Finally remember that NinjaTrader have recently purchased Mirus Futures and now offer their own brokerage service – NinjaTrader brokerage
- Chartsmart – this is a package that I use for longer term investing in stocks. It’s a great package for filtering 1000’s of stocks quickly and covers the US and Canadian markets primarily – this again is a paid service but great value
- Sharescope – another great charting package which I use mainly for UK stocks – again its a paid service but they do offer a trial I believe.
With regard to any subscription services, this is not something I offer at the moment, and the site I think you are referring to is simply one that takes my regular market analysis ( or snippets ), which you can find for free at http://www.annacoulling.com. I try to cover the major markets here with my daily analysis and using both the technical, fundamental and relational aspects of market behaviour. Once again many thanks for getting in touch and I hope the above helps. Wishing you every success in your trading – Anna