"Reading and Understanding Charts"

CHARTING MADE EASY ... for new, casual
and intermediate investors

Dear Investor,

Reading charts is a skill that many traders or investors lack an understanding of, or tend to overcomplicate.

 

This trading course provides the key skills and factors you need to understand in order to read charts accurately including the basics of charting, reading price action and understanding sentiment, through to trend analysis, support and resistance.

It also explains the lifecycle of a share, based on the "4 phases model" before looking at the key charting patterns that traders need to be aware of, including the triangle formations, continuation and reversal patterns.

The course was developed by Andrew Baxter, a Licenced Futures and Equities Broker and a 14 year trading veteran.

Andrew spent six years on the London Stock Exchange with two of the UK's leading investment houses and is currently a Licensed Equities and Futures Broker and Associate Director with an Australian Investment Bank and Securities Brokerage Firm... and continues to trade his own account.

 

The full course will help you discover ...

	Chart Basics: The basics which you need to know in order to understand and interpret charts.
	Trends: How to identify and interpret trends.
	Chart Patterns: The various chart patterns which help you identify opportunities.

92 pages of detailed instruction...

This trading will help you come to grips with reading and interpreting charts.

Coverage includes...

	Why Use Charts?		The Components		Line Charts
	Open High Low Close Charts		Candlestick Charts		Reading Sentiment
	Expanding Trading Ranges		Inside and Outside Days		Border Days
	Trends (short medium long term)		Short Term Trend Reversals		The Key Reversal
	Support and Resistance		Trend Lines		Fanning Trend Lines
	Phases		Cycles and Trends		Chart Patterns
	Pennants		Rectangles		Double Top
	Double Bottom		Head and Shoulders		The Wedge

The following demonstrates the presentation format and content...

 

Andrew Baxter: "The trading range is defined as the distance between the high and the low for that particular trading session.

In our schematic on the left, what we can see is that our trading range is widening, as it is on the right hand side also.  Here we would be looking at positive closes, and expanding trading range which is likely to see a continuation of our trend.

Similarly, on the far side, a negative closes and expanding trading range we are likely to see our trend continue.  Both of these patterns suggest that there is an increase in momentum in the underlying direction, and that is reflected by the fact that our trading range is growing.  We opened here and we have closed up here.  The previous day we opened here and closed at this level.  So we can see that the acceleration or momentum is increasing through that widening trading range."

 

Andrew Baxter: "In contrast, we can see the opposite when we get a contracting trading range.  We still may have positive closed, but the contracting trading range may be showing that the trend is about to reverse.

Likewise with our negative closes on the far side, together with the contracting trading range, we may be seeing the trend about to reverse there. 

Both of these patterns are showing that the underlying trends may be running out off puff and therefore likely to reverse."