Timing markets requires a foundation built upon a practical analytical process. Most who are new to investing and trading treat technical analysis and the trading process as one and the same which is the first mistake. I wrote this ebook to introduce the less experienced to the tools and techniques that have helped me develop an analytical process that works and it is all based on price action.
Over my 20 year trading career, I spent about 12 years searching for, learning and refining the best technical tools to extract enough information from a chart to make effective investing and trading decisions. This is your introduction to these tools which serve as the building blocks to the most valuable tool you can have: YOUR OWN PERSPECTIVE. Welcome to the beginning of your own personal view on any financial market.
You will be introduced to the Elliott Wave Principle along with how to draw Fibonacci based support and resistance levels correctly. From there you will learn the most effective chart patterns to look for and how to validate them with simple candle stick patterns.
A better trade performance begins with obtaining the most valuable information from a market, and putting it into a framework where risk can be measured consistently. And learning how to interpret pure price action will get you further along the learning curve faster, especially when compared to using traditional tools like oscillators.
Chart examples cover a variety of markets to clearly demonstrate the advantages and insight gained by interpreting pure price action. Markets include: stocks, cryptocurrencies and foreign exchange.