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Andrew Baxter Reading and Understanding Charts

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Andrew Baxter - Reading and Understanding Charts

CHARTING MADE EASY ... for new, casual 
and intermediate investors

 

Dear Investor,

Reading charts is a skill that many traders or investors lack an understanding of,

or tend to overcomplicate.

 

This trading course provides the key skills and factors you need to understand in

order to read charts accurately including the basics of charting, reading price action

and understanding sentiment, through to trend analysis, support and resistance.


It also explains the lifecycle of a share, based on the "4 phases model" before looking

at the key charting patterns that traders need to be aware of, including the triangle

formations, continuation and reversal patterns.

 

The course was developed by Andrew Baxter, a Licenced Futures and Equities Broker

and a 14 year trading veteran.


Andrew spent six years on the London Stock Exchange with two of the UK's leading

investment houses and is currently a Licensed Equities and Futures Broker and Associate

Director with an Australian Investment Bank and Securities Brokerage Firm... and

continues to trade his own account.

 

The full course will help you discover ...


Chart Basics: The basics which you need to know in order to understand and

interpret charts.

   

Trends: How to identify and interpret trends.

   

Chart Patterns: The various chart patterns which help you identify opportunities.

92 pages of detailed instruction...

This trading will help you come to grips with reading and interpreting charts.

Coverage includes...


Why Use Charts?
The Components
Line Charts
           

Open High Low Close Charts
Candlestick Charts
Reading Sentiment
           

Expanding Trading Ranges
Inside and Outside Days
Border Days
           

Trends (short medium long term)
Short Term Trend Reversals   The Key Reversal
           

Support and Resistance
Trend Lines
Fanning Trend Lines
           

Phases
Cycles and Trends
Chart Patterns
           

Pennants
Rectangles
Double Top
           

Double Bottom
Head and Shoulders
The Wedge
           

The following demonstrates the presentation format and content...

 

Andrew Baxter: "The trading range is defined as the distance between the high

and the low for that particular trading session.


In our schematic on the left, what we can see is that our trading range is widening,

as it is on the right hand side also.  Here we would be looking at positive closes,

and expanding trading range which is likely to see a continuation of our trend.


Similarly, on the far side, a negative closes and expanding trading range we are

likely to see our trend continue.  Both of these patterns suggest that there is an

increase in momentum in the underlying direction, and that is reflected by the fact

that our trading range is growing.  We opened here and we have closed up here. 

The previous day we opened here and closed at this level.  So we can see that the

acceleration or momentum is increasing through that widening trading range."

 

Andrew Baxter: "In contrast, we can see the opposite when we get a contracting

trading range.  We still may have positive closed, but the contracting trading range

may be showing that the trend is about to reverse.


Likewise with our negative closes on the far side, together with the contracting

trading range, we may be seeing the trend about to reverse there. 


Both of these patterns are showing that the underlying trends may be running out
off puff and therefore likely to reverse."

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