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.
Reading candlestick charts
and proper interpretation
is the life blood of any trader.
You can't
fake it...
you can't
guess at it.
|
WallStWise.com
772-228-8022
email
 "Trader
Thoughts" for
05/27/2012 |
|
|
|
|
CHARTING... reading candlestick
charts
(details below)
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 seeing the morphing action that charts produce as
time passes and new patterns evolve.
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. You can't learn it from books.
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 that— a trading coach will.
What good is seeing a pattern after
it has developed? Anyone can see them in past.
Yet that's why you're here
on this page, hoping to learn how to read charts.
What you'll
learn is what a pattern looks like after the fact.
A trader
needs to see it as it happens and
usually
before it happens.
I will tell you, I will show you, I will involve you, and you
will understand.
772-228-8022 or
or 
|
|
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?
Now, why would
some of you think that if you read this page, you'll know all
you need to know?
Learn to be the
predator and not the prey, get a coach.
If you read a page
on brain or heart surgery would you perform surgery on yourself?
|
|
|
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?
"All through time,
people have basically acted and reacted the same way in the market
as a result of: greed, fear, ignorance,
and hope. That is why the
numerical formations and patterns recur on a constant basis."--Jesse
Livermore
|
Choose your Stock Market training program
here.
|
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!!
|
|
 |
|
< Bearish
> <
Bullish >
|
< Bullish
> < Bearish
>
|
< Bullish >
< Bearish
>
|
|
|
|
|
Practice
Paper Trading.<<download
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.
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. |
|
|
|
|
|
|
Top of page
|
|
