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Chapter One - Determining Likely Support & Resistance Levels.
The first step in understanding price behavior lies in creating a structure in which to analyze the day's activity. Chapter One examine various tools used to identify that structure and determine likely intraday support and resistance levels.- Section 1 - Prior Day Highs, Lows and Intraday Swing Pivot Points
- Section 2 - Pivot System Support & Resistance
- Section 3 - Range Projection Levels
- Section 4 - Fibonacci Levels
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Chapter Two - A Few Simple Indicators
Technical indicators are a way to summarize trading activity and identify potential opportunities. But it is important that we use them in a way that constantly connects us to the price action. Only then can we get a true "read" on the market.- Section 1 - Dynamic S&R levels: the 20 period EMA
- Section 2 - Holy Grail Setups
- Section 3 - The 3/10 Oscillator
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Chapter Three - Crowd Psychology and Chart Reading
Price charts are a graphic representation of the collective psychology of all market participants. Understanding how crowd psychology can affect market behavior is essential to becoming a consistently successful trader. By analyzing price charts we learn how to interpret crowd behavior and make forecasts characterized with an improved probability of outcome.- Section 1 - Intraday Trendlines
- Section 2 - Reversal Patterns
- Section 3 - Chart Pattern Recognition
- Section 4 - Entry & Exit Execution Techniques
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Chapter Four - Pattern Signals: Range Breakout
The first group of Pattern Signals discussed are those which generally require a break of the prior day range before taking action. These signals warn of us unusually quiet market periods containing explosive potential.- Section 1 - Narrow Range Days (NR4 & NR7)
- Section 2 - Inside Days
- Section 3 - Narrow Range/Inside Day Combinations
- Section 4 - Low Historical Volatility
- Section 5 - Trading Signal-Day Range Breakout Setups
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Chapter Five - Pattern Signals: Trend Continuation
Chapter Five explores those Pattern Signals which indicate a high probability that the trend established in the previous day's trading will continue. Also discussed are several trading strategies that incorporate this information and allow safer entry and appropriate use of stops.- Section 1 - 90-10 High Continuation
- Section 2 - 90-10 High Continuation & Reversal
- Section 3 - 90-10 Low Continuation
- Section 4 - 90-10 Low Continuation & Reversal
- Section 5 - Low Range Close
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Chapter Six - Pattern Signals: Directional Bias
Chapter Six covers those Pattern Signals which establish a directional bias for the next day's trading. These signals give us important indications concerning which way the market might be headed, but it is up to us to interpret the intraday clues that might support the suggested direction.- Section 1 - 2 Day ROC Buy and Sell Days
- Section 2 - Wide Range Upside/Downside Reversals
- Section 3 - High Breakout Continuation Setup
- Section 4 - Low Breakout Continuation Setup
- Section 5 - Momentum Pinball Signals
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Chapter Seven - Putting It All Together
The last chapter of the course consists of suggested techniques for use in becoming better mentally prepared for the rigors of trading, both in terms of understanding the techniques studied AND your own personal psyche.- Section 1 - Setting Proper Expectations
- Section 2 - Practice Makes Perfect
- Section 3 - The Psychology Of Trading
- Section 4 - Making Sense Of It All