The Fundamental Trader analyzes fundamental factors such as supply and demand as well as other factors such as reports, news and weather to make their decisions. There is a big difference between Technical Trading and Fundamental Trading. This manual and the glossary is intended to help identify chart patterns and give you the reader an idea of the direction the chosen commodity or stock is likely to go. You will also get a small taste of some of the many trading plans that can be utilized for your protection and benefit. W ELCOME to the world of Technical Chart Analysis! This manual will take you through the basic chart patterns and assist in developing a plan for entry and exiting a stock or futures commodity contract whether you are paper trading, serious about trading with real currency or are just interested in getting to know more about the busi ness. Rectangular Consolidations And Early Phase Phenomenon Other Reversal Phenomena Broadening Formations Rounding Bottoms (Bowl Or Saucer) And Tops (Inverted Bowls) No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner.Īny people depicted in stock imagery provided by Thinkstock are models, and such images are being used for illustrative purposes only. Once you read this reference guide you will want to keep it within easy reach during your daily market watch especially if you have a trade in progress. It provides a quick visual review of the patterns in the gallery and a trade tracker for easy review of your trades whether you are paper trading or seriously committed. This book is a perfect gift for yourself, the person in your life that is interested in learning the techniques and "lingo" to get started in this fascinating business or the person who is actively trading. The goal of this "Technical Analysis" reference is intended to help the technical trader identify patterns as they occur and use this skill to their advantage! THE TRICK IS TO AQUIRE THE SKILLS TO IDENTIFY THESE PATTERNS AS THEY DEVELOP! The High, Low, Close of the day that you see is not the whole story as there are minute to minute fluctuations that also form patterns that provide clues as to how the market may react!Ĭall it divination if you like but knowing what is happening in advance offers the charting enthusiast time to make a plan and institute it instead of being in reaction mode like fundamental traders are prone to be or just all out guessing! While observing the yearly and daily charts you will notice the same patterns occur repeatedlyand may even show on the daily and hourly charts. Technical trading clues off of commodity charts enable enthusiasts to trade futures commodities and stocks efficiently and effectively. A must have guide for identifying chart patterns for novices and experienced traders alike.
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