Questions and Answers of Fundamentals Of Technical Graphics

How do you use divergence to identify potential consolidations?
Explain how you would use a cycle to determine market phase.
How would you use moving averages to gauge market phase?
Which sentiment indicators best describe distributions?
Describe how you would determine if accumulation is taking place.
Explain why the majority of chart patterns are consolidation patterns.
List eight chart patterns that are intrinsically bullish.
Define the term consolidation.
Describe how back‐adjusted continuous charts are constructed.
How does the bid‐ask spread affect the reward‐to‐risk ratio?
Explain the connection between contango and negative roll yields.
How does chart scaling affect the use of overlay indicators?
Describe the five measures of constancy in charting.
What are the factors that increase the significance of OHLC prices?
Why should traders normalize their charts for volatility?
Explain how OHLC data is derived.
What are the main differences between Dow’s and Ralph N. Elliott’s determination of a trend?
Why is the secondary reaction more problematic than the primary trend?
In what ways is accumulation similar to distribution?
Explain why volume should expand in the direction of the existing trend.
Describe the main weaknesses of Dow Theory.
Is Dow Theory still relevant in today’s market?
Give examples of the primary trend being manipulated.
Describe the basic tenets of Dow Theory.
List as many advantages and disadvantages of using technical analysis as you can.
What is a good definition of technical analysis?
Describe the three levels of discounting new information under EMH.
Is random walk a true reflection of the markets?
Explain why identifying a trend change is largely a subjective exercise.
Describe how an analyst may resolve conflicting signals or chart patterns.
A basic assumption in technical analysis is that the market discounts everything.EMH also requires the discounting of all information. In what ways are they different?
What are the challenges to technical analysis?
Should I allow for a larger penetration before initiating an entry in order to filter out potential false breakouts? If so, how much larger a penetration is required to filter out such breakouts?
How would I know if the violation is merely a false breakout?
What if the penetration bar closes too far away from the original trendline breach?
Do I wait for the penetration bar to close first or do I initiate an entry at some arbitrary point during an intraday violation of the trendline?
What is a reasonable amount of price penetration required before an entry is initiated?
At which point after the breakout do I initiate an entry into the market?
What is the most appropriate choice of indicators to apply to a particular chart?
What is the most appropriate form of technical analysis that should be applied to a particular chart?
What is an isometric projection?
What is the difference between an isometric projection and an isometric drawing?
Specify the rotation angles in the horizontal and vertical planes for isometric projection.
List the types of isometric drawings you know.
Define isometric and nonisometric lines.
What are isometric circles?
Which method is not recommended for mechanical drawings?
What are chain and baseline dimensioning?
What are the styles used in dimensioning undercuts?
What are the styles used in dimensioning slots?
Should you avoid overlapping of dimension and extension lines?
Should dimensions always be placed outside a drawing view?
Why do you think clarity is important during dimensioning?
Which view should arcs and circles be dimensioned?
Name the technique used in creating isometric circles in this chapter.
Name the two techniques used in this chapter to create isometric drawing.
What is BOM? Which type of drawing is it usually associated with?
Sketch the symbols for 1st and 3rd angle projections.
Name the common types of assembly drawings.
Name the common types of detail drawings.
Briefly compare and contrast detail and assembly drawings.
Name the two fundamental types of working drawings.
When are working drawings required?
What factors guide the preparing of working drawings?
How important is a working drawing?
What is a working drawing?
List the types of isometric assembly drawings commonly found.
What is an iso-detail drawing?
When would you prefer the centerline technique appropriate for isometric drawings?
What is a specification? Why is it necessary?
State 10 principles of dimensioning mentioned in this chapter.
What is the importance of the viewing direction in section views?
Are hidden lines normally shown in section views?
What is a cutting plane?
What are the advantages of section views?
What is a section view?
When is a partial auxiliary view helpful?
What are full and partial auxiliary views?
Define the following:(a) TL of a line.(b) Edge view of a plane.(c) Primary auxiliary view.(d) Successive auxiliary view.
What is the minimum auxiliary view(s) for an object with an oblique face?
What is the minimum auxiliary view(s) for an object with an inclined face?
Define incline plane and oblique planes.
Why are auxiliary views sometimes necessary?
What is an auxiliary view?
What is a hatch pattern? How do you differentiate hatch patterns in section views?
Sketch the hatch pattern for cast iron and concrete.
The U.S. national standard for dimensioning practice is defined in what document?
What is a location dimension? How is it different from a size dimension?
What are the two basic size dimensions?
What is a dimension?
Define design size, actual size, and plot size.
Where would you consider an auxiliary section view?
List three types of objects that hatching may not be applied in section view.
What is the advantage of half section view over straight section view?
How is a straight section view different from an offset section view?
How is a broken section view different from a detail section view?
How is an aligned section view different from a revolved section view?
How is a removed section view different from a revolved section view?
List the common types of section views discussed in the chapter.
What is a drawing set? Which documents are included in a drawing set?

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