Chart reading skills
Reading price action (PA) is a skill that you develop just like any other skill - by practice, and that means being right and being wrong. Learning will be faster when there is emotion involved. Reading a chart when you've no positions open is relatively easy, but staying opened minded enough to see how all your ideas might be wrong is very much harder. To learn, you need to have skin in the game.
- Buying a big gap down on a Monday
- Ability to identify PA context intraday
- It’s rocketing and I am not on board…
- The 3Min Bolli-Band System and two very different days
- Identifying and trading compression patterns
- My setups require these PA reading skills
- How to use the 169 to trade a large gap down and a strong trending move
- Ranging PA and how to identify it early in the session
- When it’s good to trade counter trend
- When inside the neutral zone, there can’t be an Imp/Corr sequence so how do I trade M1 TLs?
- Why it pays to keep long term price charts in mind
- This is what the PA looked like before a break down
- Imp-Corr structure breaks and the trend reverses
- Anatomy of the 4 Jan rally (NFP day)
- Effectiveness of 169 for finding value in a tight market
- The magic of fibs
- Failing 3Min Bolli fade means we’re trending
- 169 on M15 is powerful
- Five KLs within 13pts of one another means it’s time to stand aside
- Thinking through scenarios: anticipation instead of reaction
- While above CBOL, trade on the long side looking for value buys at KLs
- While above CBOL, trade on the long side looking for value buys at KLs
- Using the daily cash chart to trade on the M1
- Finding active levels (clue: not the 169 – use FIBs instead)
- Power of unfilled gaps as targets and reversal points
- All gaps closed by this week’s action
- Accuracy of levels and TLs
- Bird in Flight sequence example (14 Feb)
- Failure to break Imp-Corr TL leads to some very messy action
- Mean reversion
- ATR down to 126 and range 50pts – what to do?
- Should I really be shorting above CBOL, high etc.
- The power of the cash chart Weekly 200MA
- A short and double bottom
- Long term analysis with TLs and Fibs
- Perfect example of ranging PA
- Perfect example of ranging PA and the trades that worked
- What PA told me the market had switched from ranging to trending?
- What is a washout?
- When RES or SUP breaks in Fut session
- Should I be using Zones instead of levels? Or a mixture of both?
- Should I be using Zones instead of levels? Or a mixture of both?
- Ex-gap from a low is irrelevant if the market approaches it from above
- Buying pullbacks on a strong open needs to be part of my plan
- ON TLs provided support – often seems to be an important level
- Using zones instead hasn’t worked too well so far
- How 2pts on a SUP/RES levels makes a huge difference
- What doesn’t happen is as important as what does
- Positioning of RES 1 when there are multiple levels
- Strength of levels compared
- Does this market need a blow-off top to reverse it and will we get it today (24 April)?
- Why low ATR makes trading so difficult and what I can do about it
- 169 gives important info. on all TFs today
- Big losses on shorts but at least not in sequences
- TLs in different places on different TFs
- Was this a washout? What was the psychology behind today’s moves?
- Again, what didn’t happen told me what would happen
- A case for a support zone around SUP 1
- Question today was ‘where is there a really good value buy?’
- Ranging PA so don’t take a break