Introducing the 3D’s of Chart Patterns
Today I’d like to introduce you to the 3D’s of Chart Pattern reading. You see when you trade using chart patterns you have a distinct advantage over other methods of analysis.
Chart Patterns offer you the following key functions. They give you:
1) Day of entry,
2) Direction in which the share price is trending,
3) Duration for which the share price will continue in that direction.
This is what I refer to as the 3D’s of Chart Patterns.
Remember the Stock Market is really just about supply and demand, or investors who are buyers and sellers, and many of those people base their investment decisions not only on emotion and fear, but on what everyone else is doing.
When you have the skills to effectively read this investor sentiment in a stock chart, you have a massive advantage for trading stock options over the short term.
So we’ve created another 2 video tutorials that will introduce you to the 3D’s of Chart Patterns and how it works.
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Please be sure to leave a comment below to let us know what you think about these video tutorials.
To your success,
Jules
September 9th, 2008 at 12:18 am
First class tutorial. Very clear and extremely concise.
September 3rd, 2008 at 7:09 pm
Hi Jules , loved the 3D video, however , in the second video, I’m curios as to why you drew the duration line (exit target ) from the second low point back (support )and not from the nearest low point(support ) to the current price as previously taught ? I did notice that the in both times when you said to take profits thogh, it did line up with the next lot of resistance.
Also the trade , once in, is no longer a 5-8 day event , more likely 22- 24 days – does this mean, when we trade options that we look at a longer expiry date ?
I posted this in wrong video section. I would be interested in your comments.?
Regards
Joe
September 1st, 2008 at 10:15 pm
Once again a great tutorial, keep them coming.