"Art Of Chart Reading" Posts

Chart Lesson: Emini S&P Jun 11, 2013 and Jun 12, 2013

By Lawrence

Part of Art of Chart Reading This is a continuation lesson from the previous chart lesson on May 31, 2013. Chart below use a similar mark up scheme like last time. Should make this easier to explain.

Chart Lesson: Emini S&P May 31, 2013

By Lawrence

Part of Art of Chart Reading I have marked up this chart with my technical approach in analyzing the Emini S&P intraday chart. You can expand the chart bigger by clicking on it.

Spike And Ledge

By Lawrence

Part of Art of Chart Reading Summary Spike and ledge is a terminal pattern that happens more often in indices and post news shock environment. The concept is simple and easy to follow. It is one of the best short term trading patterns in terms of risk reward payoff. Traders have given this pattern many […]

False Breakout – The Most Misunderstood Pattern

By Lawrence

Part of Art of Chart Reading Traders often focus on how accurate certain chart patterns are and how much money you can make from using the patterns. The more experienced ones would add to their consideration of the risk reward profile of the patterns they choose to use. However, many traders never plan to react […]

The Psychological Effects Of Swing Extremes

By Lawrence

Part of Art of Chart Reading The Pursuit Of More Timely Trend Identification I started my chart reading education with the swing trend definition because that was the one that my mentors use. It works great back then and works even better nowadays. I have tested many trend definition methods in historical data and none […]

Chart Lesson: Silver Long Play Jan 29, 2013

By Lawrence

Part of Art of Chart Reading As a routine, I review at least the daily charts on all the markets I trade. It does not matter if I have a position on or not. It is important to have an idea of how the charts look like and how they usually move. In another words, […]

Classes of Chart Patterns

By Lawrence

Part of Art of Chart Reading Recognition of chart patterns is for the purpose of assisting us to make unbiased judgement on what is likely to happen after the chart patterns are in place. In general chart patterns can be classified into 3 basic classes – continuation, reversal, and compression.

Price Moves Like We Breathe

By Lawrence

Part of Art of Chart Reading The basic types of price movements are just contraction and expansion. It is similar to how we breathe. It cannot be simpler.

Other Trend Identification Methods

By Lawrence

Part of Art of Chart Reading There are many trend identification methods other than swing trend. The number of trend definitions exploded in the late 1990s as that was the time where every person with a personal computer can play with historical price data and trying out new ideas. I am going to mention two […]

Classic Definition Of A Trend

By Lawrence

Part of Art of Chart Reading The concept of trend has be a very controversial topic for years ever since the first generation technical traders from early 1900s introduced the idea. I will present the one that I was taught and how to utilize the concept.