Knowing which assets to trade is only half the battle; picking the right time and identifying the most opportune setups is your next challenge. Trading opportunities, or trade setups, generally fall into four broad categories: continuation, reversal, breakout and range-bound. Each presents opportunity if you are able to identify the setup, and have strategies for capitalizing on it. In this class, we will learn how to take advantage of the most popular technical setups and identify trend patterns. Trading with the trend is successful, and it is also that a trader will be able to spot when a trend is potentially ending, and a new one beginning.
Knowing a number of ways to recognize triangles, channels, head and should, gaps and triple tops and bottom setups provides you with tools to handle nearly every market condition you’ll face. Keep in mind that these setups are not mutually exclusive; understanding the nature of trends will help you notice when a range is forming, and knowing about breakouts can make you more aware of the implications of a trading within a range. The price action of a asset is always the most critical element of analysis and trading.
Chart patterns including: 1. Triangles- Ascending & Descending
2. Rectangles and Channels
3. Head and Shoulder
4. Gaps
5. Double tops and bottoms
6. Triple tops and bottoms
Barry Norman The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.