COURSE CONTENT SUMMARY & VIDEO EXAMPLES
Since first creating this CD course I’ve had a number of questions from both novice, as well as more seasoned traders from all areas of the market.
The most common question is whether my course will benefit them. This is particularly a concern when they see that my site url for the course is “swingtrader”.net. Swingtrader.net was my first website, created back in 1997 to share with the budding online trading community a bit of what I was learning along the way.
I began my trading career as a swingtrader, meaning I held positions for an average of 3-6 days. It was not long, however, before I took the same skills I was applying to that time frame in stocks and moved into other areas of the market. I now trade primarily stocks and index futures on time frames as small as the tick charts in the futures market to monthly time frames in stocks. The techniques that I apply to scalping, daytrading, swingtrading, and position trading, however, readily transcend any market and many of my students focus solely on other areas such as the forex market or options.
Another aspect of this question is whether my course is suitable to a particular individual based upon their level of experience in the market. Novice traders are often concerned when they are exploring avenues for education that the material will be overwhelming, while those who already have several years of experience fear that the material will be too simplistic and that they will not learn anything new by purchasing the course. The concern of the more seasoned trader is often amplified by seeing the topics I cover in the course and the assumption that since the topics appear to be simple and straight-forward, that the content will be basic as well.
I kept all of these concerns in mind when I created my 5 Technical Signals You Should Not Trade Without CD series. This course is based upon the individual mentoring I have been doing for years wherein I work one-on-one with traders from many diverse backgrounds. What I quickly realized during my years of helping others learn how to read the market was that even traders with 3-4 years of experience were often still struggling to reach the level of consistency and profitability they desired. Most of them have been “trained” by the most popular and well-known educational sites on the web and yet they were left struggling to find a path that worked for them.
When I first entered the market, I was overwhelmed by the traditional forms of market education available at the time. Today the options available to a new trader are even more diverse and complex. I bypassed the traditional approach and chose to teach myself through hours of study and dedication to the market that only the young and unattached tend to have time for. In the process, I created a method for reading price action in a security that was both unique and yet remains relatively easy to grasp.
Instead of looking at price action in terms of individual patterns, I analyze the building blocks of price action. I have identified 5 building blocks in all which become the 5 technical signals I teach in my course. While each carries with it a simple description, this course goes into the details of each of these building blocks or signals for future price action in such detail that you will not see them covered in such a manner anywhere else. Being able to read and understand the interplay of these 5 tools will teach you how to assess the risk levels, profit potential and likeliness of success of each and every pattern in the market. Finally, you will be able to say with certainty why it is that a well-known pattern such as a cup-with-handle or the candlestick identified as a shooting star worked in one instance according to classical technical analysis, while it failed in the next. Not only that, but you will be able to make such judgments before the fact in order to select only those with the highest reward potential.
My course, 5 Technical Signals You Should Not Trade Without, is divided into 8 parts. The first 5 sections detail the 5 building blocks I just mentioned. These are the 5 signals you need to look for when initiating any position in the market. The 5 technical signals you should not trade without are shown in an audio/video format on 4 CDs which span approximately 7 hours. Follow along with my cursor as I guide you through more than 90 individual lessons. I have also included in this course a 238-page textbook complete with worksheets to test your knowledge. In this textbook, I have compiled an extensive glossary and index to allow you to quickly reference points of study. When published in a standard book format this textbook alone translates into over 550 pages. The 8 segments of my course are as follows:
Part 1: Understanding Pace
Pace, also known as momentum, is the rate at which prices change as compared to the past. This is one of the most vital tools for identifying the likelihood of a setup to follow through, as well as the degree to which it will do so. It is also one of the least understood characteristics of a setup and is one that most traders I have spoken to over the years have never even heard of, let alone known how to read and apply to their trading. In this segment of the course I will go into detail on how to measure and utilize pace without the need to understand or apply any intricate mathematical formulas or indicators.
Part 2: Understanding Volume
Volume, which is the number of shares or contracts that exchange hands in a given period of time, is an extremely helpful tool to determine the end or beginning of a new trend or price move in a security. In this segment of the course I go into great detail on how to read both advancing and declining volume in connection with price development. You will come away with a firm understanding of how to utilize volume to time the perfect breakout before the majority of other breakout traders have even considered placing a position, enabling you to beat your colleagues to the punch and easily double or even quadruple your profits. If breakout trading isn’t your game, this segment of the course also teaches you how to read volume in order to identify both the highs and lows of a price move to aid in timing a reversal setup to take advantage of an upcoming change in the security’s trend.
Part 3: Understanding Correction Periods
Out of curiosity, I recently did a Google search to attempt to locate material online which discussed reversal or correction periods in the market. Over the years I had noticed that the market has a tendency to change directions or stall at specific times of the day and during particular times of the year. Much to my surprise, I found very little wordplay on what I believed to be a rather integral part of intraday and monthly market analysis. In this third segment of my course I will share with you what these specific times are as well as how to integrate them into a larger system of analysis to help you pinpoint the exact time that a security will begin or end a price move.
Part 4: Understanding Support and Resistance
Support and resistance levels are price levels in a security or index that can affect the security’s ability to continue its current trend, which is the direction in which the price of the security is moving at that time. A plethora of different forms of support and resistance levels exist. The trick is identifying not only what those levels are, but also how to discern which levels are most likely to hold and by how much they will hold and which will break with very little opposition.
Part 5: Understanding Trend Development
No matter what type of trading an individual gravitates towards, having a firm understanding of trend development ranks high on that trader’s chance for long-term success. A trend is the primary direction of price movement in a security at any given time. They are fractal in nature, meaning that prices may be moving in one direction on one time frame, such as a 1-minute chart, while moving primarily in the other direction on a larger time frame.
Trend development ranks right up there with pace when it comes to the odds of success or failure for a setup. Different styles of trading are built upon the different phases of a price move in a security and knowing how to read those phases accurately is often the dividing line between success and failure. In this segment of the course I explain how to identify the different forms of trends and how typical trend moves develop. I then go into detail on how to identify the beginning and end of new trend moves and the strategies which are best-suited for each of these phases of price action. Included in this section are common traps that pull in unsuspecting traders and investors and how to turn these “traps” into positive trade opportunities.
Part 6: Managing Risk
As any trader quickly realizes when they enter the markets, having a strategy to manage and minimize their risk is often equal to, if not more important than having a sound strategy for initiating and managing a position in the market. In order to achieve long-term success as a professional trader, you must first learn how to manage your risk. In this section of the course I will teach you the basics of risk management and how to ensure that even a string of losses, which are typical to even the most successful traders, will not take you out of the game.
Part 7: Assessing Market Conditions
The amount of risk or uncertainty associated with the changes in a security’s value varies greatly over time, as well as from one security to the next. In this segment of the course I will teach you where to focus your efforts to achieve the maximum profit potential and how to recognize the types of price activity which should be approached with greater caution or avoided altogether.
Part 8: Bonus Segment: Understanding Gaps
Gaps are a phenomenon most commonly associated with the equities market and ETF trading. They can offer unique opportunities with dramatic follow through where is it not unheard of to receive 10 times or greater return compared to your risk on a position. In this bonus segment I will introduce you to the basics of gap analysis and share with you one of the many ways you can incorporate gap strategies into your own trading system.
Market conditions are constantly shifting. Different sectors and securities are in different stages of trend development, volatility, and popular favor at different times, but they remain remarkably consistent in terms of how they shift from one stage to another. In The 5 Technical Signals You Should Not Trade Without I will help you learn to recognize the “safest” price action and stages of price action to keep you from getting chopped up in dangerous market environments. I will share with you how to avoid “tunnel vision” and instead show you how to react in a timely manner to the constant state of flux of the marketplace.
Throughout this course I have interwoven beginner and advanced trade techniques. Every trader or investor is going to be drawn to different areas of the market and types of setups and patterns that they have greater success with than others. My course goes beyond those of most educators in that my goal is not to simply share with you the trend following, reversal, and gap systems which I employ in my own trading. Even more importantly, I give you the tools necessary to develop your own systems by expanding upon your own inherent strengths. As you can see, the building blocks of price develop laid out in this course in the form of my 5 technical signals are invaluable to any trader who wishes to enhance their edge through the application of technical analysis.