"Chart Reading" Posts
Classic Definition Of A Trend
By Lawrence
Part of Art of Chart Reading The concept of trend has be a very controversial topic for years ever since the first generation technical traders from early 1900s introduced the idea. I will present the one that I was taught and how to utilize the concept.
Swing Highs And Swing Lows
By Lawrence
Part of Art of Chart Reading The terms swing high and swing low often show up in all kinds of technical analysis discussions. They are simply the local extremes that are visible to us in a particular timeframe. It is not difficult at all to recognize them visually. They are essential concepts when we are […]
The Minimalist Approach To Chart Patterns
By Lawrence
Part of Art of Chart Reading There are chart readers who use many patterns. They use so many patterns you have to wonder if it is feasible to recognize them all. Of course one can computerize the patterns and automate the recognitions. But for normal people it is not a feasible solution due to the […]
Essential Chart Patterns
By Lawrence
Part of Art of Chart Reading Here is the core set of chart patterns I find essential to get a grip of any markets I follow. Each pattern that has an article written to explain how it works will be linked to the article. Not Just Another Site with Chart Patterns
Introduction to Chart Reading
By Lawrence
Two opposing views on chart reading dominate the trading world and the public in general. Many people think that price charts are just fancy presentations of historical price data that has no real analytical value. Others take chart reading seriously think that it is all they need to figure out the near future of the […]
Stop the Madness – Stop Asking for Guru Opinions Whether Something is a Buy or Sell
By Lawrence
Part of Art of Chart Reading Many people likes the comfort of guru opinions, especially when that opinion agrees with their own. When the guru opinion, even if it is a great one, when reduced to a buy or sell, will loose most of its meaning and likely to be harmful to your trading decisions. […]
Wyckoff Up Thrust / UpThrust
By Lawrence
Part of Art of Chart Reading Summary Wyckoff Up Thrust (a.k.a. Wyckoff thrust, w. thrust) is a terminal pattern for an uptrend. It is not a type of false breakout. It is not double top or other classic topping formations. Wyckoff Up Thrust is unique in terms of its characteristics and strength in its expected […]
Measured Move (a.k.a. 1-to-1 Swing, ABCD Move)
By Lawrence
Part of Art of Chart Reading Summary Measured move is a name given to a highly structured price movement that consists of 2 swings in the same direction with a pause in-between. The 2 swings are supposed to be very similar to each other, meaning that the time spent and price travelled by both swings […]
