Building a Solid Foundation
The purpose of this site is to break down what I consider to be the basic foundation of chart technical analysis. It’s intended for traders of all experience levels, though it’s going to be the most beneficial to those with not a lot of experience or traders that need to add some basic structure to their chart reading methods. Located in the left sidebar is a list of all of the topics, and though each one was written so it could be read independently, I recommend starting from the top and reading them all. Think of this as a free course to learn what I consider to be some of the most fundamental aspects of chart technical analysis and trading.
Once you’ve read, absorbed, and implemented the principles I go over, you should be able to look at any chart and almost immediately have a good idea of what the overall picture is telling you, and whether or not you want to trade it. This site won’t be your last stop for learning chart technical analysis, but I believe it does a better job than most sources I’ve read of outlining some basic fundamentals that often get skipped or overlooked in favor of fancy indicators and complex strategies. The great thing about the material I go over is that it doesn’t prevent you from pursuing more technical methods, it can actually work with them and improve their results. The MACD, RSI, STO, or whatever indicator you’re using may be giving you a buy signal, but should you be taking it? If the stock is in a downtrend and is approaching resistance, I don’t care what the indicators are telling me, I don’t want to buy there. On the other hand, if the stock is in an uptrend and the price is sitting on support or breaking through resistance, then maybe I do want to take that buy signal. Basically, the point of these articles is to get you to where you know when you should be looking to buy, when you should be looking to sell (or short), and when you should be doing neither. I hope you enjoy the site as well as find it helpful and informative. If you do, I kindly ask you to tell anyone else about it that you think may find it useful.
Now get to work, you have a lot of reading to do.