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Est. 2002

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Using candlestick stock charts. Read stock charts and indicators.

If you can't read charts or don't use them, you're either an investor or a gambler.

Traders live and die with their charts, but knowing charts patterns alone is not enough.

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     CHARTING... reading the footprints in the sand using candlestick charts.

enroll here

     You can't fake this, either you know how to read chart patterns and indicators or you don't. That's what coaching is all about.

     You can spend a lot of frustrating time learning chart reading. What, specifically, is important to look for, avoid, and watch? The problem with trying to learn chart reading just from books, or websites is that you can't get the feel for the morphing action that charts produce as time passes and new patterns evolve.

     You make trading decisions from the right edge of the chart, not somewhere in the past where you've already identified a pattern.

     Reading candlestick charts and proper interpretation is the life blood of any trader. You can't fake it and you can't guess at it.

     Stock market charts are dynamic, fluid, morphing, living things that upon observation one can "see" the human behavior therein. Books, CDs, videos can't teach you tható a trading coach will. What good is seeing a pattern after it has developed? Anyone can see them in past.

     A trader needs to see it as it happens and usually before it happens.
Being able to see a pattern in the past is as useless as a bike without wheels. Why? Because you make decisions on the right edge of the chart while a pattern forms. You need a coach!

     Do You Know How, Why, and When To Blend a Chart?  Buy the pullback? Short the rally? Play the earnings? When is a bullish chart bearish and a bearish chart bullish? Do you understand 3-D charting? When are certain indicators more useful than others?

     I know  that most men would prefer having a root canal without Novocain than stop and ask for directions.  After all, if there's gas in the tank, a man is never lost.  Women know to stop and ask for directions.  However, in the stock market the man's logic can be fatal to his trading.  Wouldn't it make more sense to use a map, which traders call charts, to "see" where the sentiment is regarding the stock price going forward in time?

    Traders have memories about price action (I know I do) and those memories are forever printed in the form of a chart detailing where traders bought and sold out of fear and greed.  Some of those memories are delightful (past profit at that price level) and some are painful (losses when bought at that level).  Is it any wonder a major aspect of chart reading has to do with support and resistance levels? Traders learn to trust their charts because, in the end, the patterns are more right than wrong thus putting some of the odds in your favor.  The charts are telling us where the fear and greed is located.  Do you think that might be helpful?  Bet on it!!  

candle explained


<    Bearish      >         <      Bullish   >


<      Bullish      >    <     Bearish    > 


<     Bullish      >          <    Bearish      > 

 

Step 1

Step 2

 The multi-day patterns shown in Step 1 will develop into larger more powerful patterns shown here >>  Chart Patterns
Step 3  You can read, study, and re-read these pages, but you will still need a trading coach to sort it all out regarding How to use these,
When to use these indicators, and Why. That's what experience is all about... and if you don't have it, as they say, "They see ya
coming sucka." 
  Use both the chart checklists and the off-chart checklist for a long or short trade. Technical analysis is a terrific tool and
may be even more effective when combined with
fundamental analysis.

    

Chart Patterns and Indicators are you life blood, your oxygen as a short-term trader. You can't fake it because what you don't see in the charts puts you at a disadvantage if other traders do see something setting up. If you fall for what you see, meaning taking the trade, while ignoring what you can't see due to lack of knowledge... guess which side of that trade wins?

     I suppose that school of expensive hard knocks is one way to learn... but it doesn't have to be.

     You will also see all of this at work live every day in the Trading Room. I'll show you exactly what you may not see in the charts and you will understand what I mean by "you can't fake it." 

stock trading


Disclaimer: WSW is not responsible for any inaccuracies and subsequent errors from any information you receive from these outside links.  Furthermore, this is not an endorsement of their products or services. Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither wallstwise.com nor John Robichaud makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.