Chart Your Way To Profits


  • Format: PDF
  • Pages: 527
  • Published Date: 2010


Chart Your Way To Profits: The Online Trader’s Guide to Technical Analysis with Prophet Charts

Chart Your Way to Profits, Second Edition shows you how to use the powerful technology available online in conjunction with technical analysis to assess markets and make the most profitable trading decisions possible. In the book, author Tim Knight discusses the key aspects of technical analysis and reveals how to design your own charts and indicators in a way that enables you to easily monitor the markets and make solid trading decisions. This new edition discusses a wider range of technical tools within ProphetCharts and shows you how to evaluate and compare industry sectors and groups of stocks to identify the best trading opportunities.

Author’s Introduction:

One of my favorite photographs was taken by my wife on our honeymoon. We were on the second leg of our trip, the first of which was in Dubrovnik, Croatia, and the second in central Italy. The photo shows me in bed, apparently asleep. The title of the book I am holding across my chest is clearly legible: Technical Analysis of Stock Trends, by Edwards and Magee. Charting the financial markets has been my passion for over 20 years. The very first trade I ever placed in my life was on Black Monday, the crash of 1987—hardly a propitious start. But the markets and their vagaries have fascinated me ever since.

In 1992, I took my three main areas of interest—computers, trading, and business—and combined them to create Prophet Financial Systems. That was before the commercial Internet even existed. Over the years, we built a wide array of tools, all with the purpose of trying to help people make better trading decisions.

To be honest, I personally find books about technical analysis kind of boring. They are full of indicators, formulas, tables, and numbers. By and large, they put me to sleep (witness the honeymoon photo). I set out to make this book different. I wanted you to enjoy learning from this book, and I wanted to use as many real-life examples as possible. Hypothetical charts mean little, in my opinion. So you will find this book packed with hundreds of examples drawn from real trading in U.S. equity markets. This should give you a practical way to see how to apply the ideas presented in these pages.


  • Technical Analysis
  • Fundamentals of Chart Creation
  • Modules and Preferences
  • Watch Lists and Chart Styles
  • Market and Data Types
  • Indicators in Action
  • Multiple Studies and Comparisons
  • Trendlines and Reversals
  • Expansion and Channels
  • Rounded Tops and Saucers
  • Cup with Handle
  • Multiple Tops and Bottoms
  • Head and Shoulders
  • Pattern Recognition
  • Fibonacci Drawings
  • Power Features
  • For Bears Only
  • A Practical Guide to Trading