"Art Of Chart Reading" Posts
A Trend Is Not Over Until It Is Over
Part of Art of Chart Reading One of the beginners’ mistakes in chart reading is seeing top and bottom in the making everywhere. It happens when you learn to read a chart without a proper framework in mind. It is important to read the charts with certain ground rules in mind regarding trends to avoid […]
How To Read Your Charts Objectively
Part of Art of Chart Reading All the Key Things To Remember I listed in the Introduction is about one thing – reading your charts objectively. By detaching your emotions from reading your charts, many problematic issues related to chart reading can be avoided. Yet, it is very difficult to hammer to concept into the […]
Breaking Of A Trend Line
Part of Art of Chart Reading Once a trend line is broken in the opposite direction, it signals the potential start of a new trend. To be able to utilize the setup, you need to know the projected target of the trend line break. Classic trend line break projection and modernize concepts do not work […]
Complex Chart Patterns Are Just Combinations Of The Simpler Ones
Part of Art of Chart Reading Many traders are obsessed with the idea that there exists secret uber chart patterns that produce superior returns with virtually no risk involved. If you are one of them, you should reread what I have written from the beginning of this series. Maybe there exists such patterns but it […]
Before There Were Chart Patterns There Were Trend Lines
Part of Art of Chart Reading Chart patterns are combinations of price swings that exhibit consistency in their expected outcomes. Before the discovery of the various useful chart patterns, trend lines were the dominating technique for chart traders. The original trading techniques based on trend lines are forgotten by modern chart readers. These trading techniques […]
Trend and Trend Quality
Chart Lesson: Emini S&P Week of July 8 to July 12, 2013
Parabolic Run
You May See Only One Trend Line But There Are Many
Part of Art of Chart Reading Many chart readers rejecting the concept of trend lines because the drawing of trend lines is pretty arbitrary. Worse yet some technicians will sworn by their specific trend lines as if these lines have magical powers which control how the price will move around them. There is really no […]