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Andrew Baxter – Reading & Understanding Charts
  • Andrew Baxter – Reading & Understanding Charts

Andrew Baxter – Reading & Understanding Charts


Size: 311 MB

You Just Pay: $15

  • Description


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




Cycles and Trends

Chart Patterns





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.”