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The Beginner's Guide To Understanding Market Charts
You don't need computerized technical analysis to understand market trends

By Nico Isaac
Fri, 26 Jul 2013 17:00:00 ET
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Being able to "read" a market chart is a rare skill even among professionals. Most investors focus on "the fundamentals": Things like unemployment numbers, earnings, Fed statements, etc. But just like a picture is worth a thousand words, a chart can tell you a lot about technical conditions of the market -- at a glance.

And it doesn't take a Master's in Nerdology or some genius IQ to gauge basic technical readings. You just have to know what to look for. EWI's eBook "How To Trade The Highest Probability Opportunities: Price Bars and Chart Patterns" teaches you this skill.
 
Written by one of EWI's senior tutorial instructors Jeffrey Kennedy, this 45-page manual is the ultimate beginner's guide to basic chart understanding.
 
As Jeffrey points out in this eBook, modern-day finance has gotten so caught up in "computerized technical analysis with all the bells and whistles... that basic chart reading is a lost art form." Kind of like cursive handwriting, or speaking in complete sentences vs text "slanguage," IYKWIM.
 
Jeffrey's takes you "back in time" and shows you how to "read" charts based solely on the shape of price bars. Jeffrey doesn't go into Elliott wave patterns, technical indicators, or Fibonacci mathematics. This eBook is the ultimate "back-to-basics" course, a reconnection with the very foundation on which all technical analysis is based.  
 
Uptrend? Downtrend? It's easier than you imagined. In Chapter 1: Trend Analysis, Jeffrey shows how simple it is to determine that. Below are the exact charts that you see in the eBook.
 
Uptrend: Simply a series of higher highs and higher lows.
 
 
Downtrend: A series of lower lows and lower highs.
 
 
As Jeffrey observes, it's best to "trade in the direction of the trend and to have the wind at your back. It will also provide you with opportunities to rejoin the trend."
 
As you get deeper into the eBook, you also learn how to find "key" and "critical" support and resistance levels on a chart to protect your profits or raise/lower stops. Chapters 3 and 4 teach more complex patterns, such as double inside price bars, popguns, arrows, island reversals, candlesticks and key reversals. And the final section shows you how to tie it all together into a real-world application.
 
Go back to basics now with Jeffrey's eBook "How To Trade the Highest Probability Opportunities" -- AND move forward toward a more proactive investment strategy. Instantly download your copy today.

Real Time Trading
  

Free 32-page eBook
Commodity Trader's Classroom

While commodity markets are known as some of the toughest trading environments around, these actionable lessons from skilled veteran Jeffrey Kennedy can help you trade commodities, or any market for that matter, with more confidence. Download your free eBook now.


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