In How To Make Money Trading With Charts, Ashwani Gujral shows how you too can make money in any type of market by correctly identifying the market’s mood from the various typical patterns that are formed on charts — and by using appropriate trading methods for each pattern:
- How to make big profits by identifying a trend and trading with it
- How to make mega profits by identifying impending trend reversals and catching big moves in the opposite direction
- How you can reap windfall profits by identifying and trading breakouts from continuation price patterns on charts
- How to use volume to confirm price action
- How to use momentum indicators in conjunction with charts to finesse profitable entries and exits
- How to improve your trading success rate and protect your capital using proven methods of money management
- How charts can help you identify hot sectors and stocks to trade
- Trading rules for different chart patterns
- PLUS: New chapter — Trading the Railway-Line Theory.
Knowledgeable traders are able to make money using their skillful reading and interpretation of price charts, irrespective of whether the market is rising or falling — or simply moving sideways. Using real-life examples and 175 charts from the Indian markets, this pioneering and comprehensive book on chart patterns and chart analysis explains every significant tradable pattern, buy and sell signal, and the use of important technical indicators.
Contents:
- The Average Directional Index (ADX): Finding Out if the Market is Trading or Trending
- Trend Lines
- Reversal Patterns – 1: Head and Shoulders, Basing Formation, Broadening Formations
- Reversal Patterns – 2: Ascending Triangles, Descending Triangles, Symmetrical Triangle
- Continuation Patterns – 1: Flags, Pennants and Wedges
- Continuation Patterns – 2: Ascending and Descending Triangles and Head and Shoulders as Consolidation Patterns
- How to Use Volume and Open Interest
- Important Momentum Indicators: Moving Averages, RSI and Stochastic
- Using Momentum for Entries and Exits — and How to Use the ABC Wave
- Money Management: How Much Capital to Risk on Each Trade
- Putting It All Together: Sector and Stock Selection
- Trading the Railway-Line Theory
- Mind of the Successful Trader
