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funkipk75

Katana, can you please list a couple of the better charting books you have come across?

I have read many books about charting, especially Daryl Guppy and I wouldn't recommend those. He is all over the place.

The best two imho are:

1) Charting secrets by Louise Bedford. This is a very good book and outlines the simplicity of it, but you must do the exercises involved.

2) Trading for a Living by Dr Elder. This will show how the technicals are applied to the patterns.

Use Charting Secrets to identify the chart patterns...and then use Trading for a Living to be positive that the technicals are correct.

eg. A chart might be showing a breakout possibility, however, if the technicals are weak it will more than likely be a fake breakout.

AED was a good trade a few days ago, uptrending triangle which was confirmed by a strong adx (is an indicator). Chart break of 2.42 has a tech based target of 3.60.

Bit off topic but some others may be interested..and good luck.