Thanks for teaching me that, no one looks at
price chart like you do - or goes through so many charts of a week for the entire picture.
Simply put, trading is not technically complicated, and it's not hard to learn to trade price action on a clean
price chart like the one on the left.
Not exact matches
But instead of driving
prices down, the competitors appear to increase
prices step - by - step (which is why the
charts above look
like a staircase), something that's referred to as «shadow
pricing.»
Presently, we still
like the
price action of $ GXG, and its weekly
chart continues to -LSB-...]
This is the shorter - term type of
price confirmation that we
like to see confirming longer - term bases of the weekly
chart.
Your approach to the market should be to learn enough about
price action and technical analysis so that you can begin reading the market
like a book and identify areas on the
chart you'd
like to trade from before the market gets there.
A
chart like this will show the observer how
price has moved over time, and may help to establish whether a financial instrument is range - bound or trending, but not much else.
Another reason we would first
like to see a minor
price retracement from current levels before buying is that the long - term monthly
chart interval shows us that $ GLD is actually running into resistance of its downtrend line from its September 2011 high:
The
chart setup for gold and silver does not really look
like prices are ready to move much higher, at least not in the short run.
But when I asked blockchain expert and Bitcoin Center NYC founder Nick Spanos to explain to me how bitcoin isn't a bubble when a historical
price chart looks eerily
like a stock bubble would, he had a clear response: «You shouldn't be using the same kind of
chart.»
While it is important to follow the
price and volume action of broad market averages
like the S&P 500 or Nasdaq Composite, you should not focus only on these
charts to determine the health of the market.
Like both
charts above, the below
chart illustrates
pricing data for the 15 most represented varietals in respect to online listing count from 11/01/16 until 2/28/17.
Here's a
chart of the most popular and favorably reviewed blenders by the
likes of Cnet, Consumer Reports, etc., sorted by
price tier:
We have researched the US
prices and it looks
like the biggest drop in the value of the 3 - series BMW happens in the first four years of ownership (see the
chart).
The SelfPublisherBibel.de reports weekly on the books in the Amazon
charts, and
like 2011/2012 in the US, indies are storming the
charts with lower
priced books.
2 % of the sales of that this year came from the cover
price being a major factor, and if you look at poorer - selling books
like, du n no say, RINGSIDE or THE FIX (neither of which managed to
chart), the sales impact of that $ 10 cover
price is exactly nil....
Lower
prices will be more important in growth markets and as we have seen in Germany in the last few weeks, it's
like 2011 in the US, where low
prices undercut traditional publishing and all top 10 books on Amazon Kindle
charts were indie.
If your
charts look messy, more
like abstract modern art than a
price chart, you're probably over-complicating the analysis process.
If you would
like to learn a very clean, effective, and common sense way to trade the forex market with candlestick
charts and my proprietary take on
price action setups, you might want to check out my forex
price action educational material.
You really don't have to take my word for it though, check out some of my free forex videos, forex strategies, or follow my free daily forex trading commentary if you would
like to see for yourself just how powerful forex candlestick
charts combined with my
price action setups can be.
Candlestick
charting adds a great deal of depth and variety to traditional bar patterns (
like those covered in Pring on
Price Patterns).
A
price history
chart,
like the one above, doesn't show the impact of dividends on investment return.
Trading in a simple de-cluttered manner
like this is critical not only to accurately see what the
price action on the
chart is doing, but also to develop the correct trading mindset and attitude that we talked about earlier.
Technical analysis uses
charts like candle sticks,
price data etc..
It's critical that you trade with a simple strategy
like price action so that you aren't unnecessarily confusing yourself and so that you can see clearly what's happening on the
chart.
There are all kinds of
charting tools to measure historical volatility, and it's good to study them to get a «feel» for how a market's
prices will have regular peaks and valleys, especially more seasonal - based commodities
like the grains (corn, wheat, soybeans, etc.) and for the most part the softs (coffee, sugar, cocoa, etc.).
Learn to analyze the raw
price action that the market naturally provides you with and you will be much further along the path to trading success than people trying to trade on
charts like the one above.
What a joy it is to actually feel
like i am understanding the
chart and the
price action.
They are more
like trading indicators than
price charts.
Some airlines
like Southwest do not publish a fixed award
chart; instead, the cost of an award flight fluctuates to match the cash sticker
price of the paid fare equivalent.
I suggest you stick with pure
price action trading strategies,
like the ones I teach and trade, but whatever method you end up using, you will trade it better by understanding the
price dynamics occurring on the
chart below it.
But use these ETFs as a starting point to isolate sectors that are showing particular strength, either with fast earnings growth (which you can find on finviz.com) or with a strong
price chart (I
like stockcharts.com).
Trading Nials»
Price Action methods on the Daily
Chart paves the way for these affirmations to become true.about this idea of trading i
like it most......
Also, when you do not have a trading strategy mastered
like price action trading on the daily
charts, you are naturally going to be more confused and thus less confident than you otherwise would be.
Glancing at a
price chart, being able to read it
like a language and confidently anticipate the markets next move is a skill all traders should aspire to.
30 minutes a day is all you need if you are focusing on the daily
charts, this is of course after you have mastered an effective trading strategy
like price action.
When you combine my
price action setups with a thorough knowledge of risk reward implementation and a mastery of trading plain vanilla
price charts, you will begin to think
like a professional trader.
If the entry is based on a higher time frame
like the 4 hour
chart, the trader may wish to hold fire and zoom into a 5 or 10 minute
chart and wait until
price closes above (below) point B on the lower time frame before buying (selling).
Set aside a regular time each day that you spend looking at the daily
charts of a few major currency pairs, any
price action setup that is at a confluent level and well - formed will likely stick out
like a sore thumb.
Probably not, but it important to keep in mind what your life can look
like when you get past the «stock
chart» mentality of only equating success with forward advancements in the
price of your chosen stock.
It is also worth noting that due to the fact that there are no indicators underneath the
price,
like the MACD and Stochastic in the above
chart, you have a completely uninhibited view of
price which allows for a less distorted and larger view of the
price action than if you had multiple indicators taking up the bottom portion of your screen as can be seen in the
chart above.
Like stock indexes, most of the bond indexes use a limited number of bond issues to
chart the
price movement of a larger universe of bonds.
In all, John Hill's Scientific Interpretation of Bar
Charts has many intriguing
price action ideas
like this one.
The updated and annotated daily
chart of the S&P 500, seen below, should illustrate to you what a hammer looks
like, based on today's
price action.
Currently that is not what
price charts look
like.
I am discarding or deleting all the other material I have amassed and eliminating links to all other websites, it is all confusing clutter
like the indicators I used before I found support and resistance
price action
chart reading.
So the remedy to this problem is to just accept the fact that it is almost always better to employ a simple forex trading method that makes use out of a clean
price action
chart than to spend hours combining different indicators and trying to understand their mathematical foundations or trying to program expert advisors and the
like.
One reason that I
like the 5 - Year Rule is that the dividend (not
price)
charts of such companies look so beautiful.
This Coffee
chart is a great example how the median line (center line) acts
like a magnet to attract
price.
When you learn to read and trade from the natural
price action on the
charts, you inevitably start thinking more
like a contrarian and less
like a herd - follower.