Starting with the right mind set is key. I think this video is a great analogy as to how you should approach things from here on out. Just clear you mind from what you think this game is about.
In this video, we start getting into analyzing the chart. First start with the Daily chart. The idea is to start doing something everyday from an analysis standpoint. Do not go forward until this step is mastered.
Getting Started with Technical Analysis. The Daily Chart
The first part of this strategy is to get a sense of range. Ranges are important in that they can act as support or resistance. In this video, we will explore how to find range as well the overall use and application of the idea.
In this lesson, we start adding on a couple of indicators to the “global” chart. Namely, these indicators are the ATR or average true range measure and the ATR trailing stop. I walk you through their usefulness in helping define range.
In this lesson we review the concept of ranges. We also touch on the aspect of waves in the market. The overall goal in the this video is to discuss the three market conditions. These are neutral, bullish and bearish markets. This is more of an over view of where we are going. We will touch on this again after we finish the series on waves.
This is real market analysis of consolidation / extension in the market. This is a common pattern that you will see in the markets. If you can print out this picture and save it for your files, I think that would be a good thing to do.
Another application lesson. We review using market range as support or resistance. I also show how using the fibonacci tool to find retracement and support can help in the trade planning process.
In this video we wrap up the idea of measuring range. We will apply two more indicators onto the chart; the daily high and low and the sve pivot points. I discuss the importance of these measure and start introducing the concept of ranges.
Psychology – Participant vs.
Understanding Volatility –
The Volatility Game – Riding the Wave
Japanese Candle Stick Basics
Chart Set up
Applying the Average True Range (ATR)
Support and Resistance
- Dynamic – Moving Averages.
- Static – Pivot levels, ATR trailing stop.
- Dynamic Ranges as Support / Resistance.
Retracement / Extension
- Measuring Range Extensions / Retracements
- Using Fibonacci Tool
- Using CCI and Stochastic Indicator
Measuring Risk / Reward
Trade Examples / Setting up for Practice trading.
Advanced Trading Techniques – Going for the big moves.