Charting Methods The bar chart has two elements: 1) the price bar, including high, low and closing price; and 2) the volume bar. Most commonly, daily high, low, close and volume data are used to make bar charts. But any period may be used. Weekly or even monthly charts are often used for long-term analysis, […]

The Supply/Demand Cycle When stocks are low in their cycle, shares move from weak hands to strong hands. Strong hands are accumulating shares; weak hands are still liquidating losing positions. This suggests that the buy-sell cycle of strong hands (SH) leads that of weak-handed traders (WH), as shown in the chart below. Cycle Low: After […]

Strong Hands/Weak Hands In the bad old days, before the SEC policed stock manipulation, investment pools were formed for the purpose of conducting campaigns in selected stocks. Pool managers of the day were well-known speculators, and included the likes of Jesse Livermore, J.P. Morgan, Edward Harriman, Jay Gould, Russell Sage and James Keene. These savvy […]

The Tape This course will show you how to form profitable judgements from price and volume data published by major stock and commodity exchanges. Price-volume data have advantages over other sorts of information available to traders. Unlike research put out by brokerage analysts and letter writers, data from the tape are not tainted by the […]

Reasons and Causes There is a constant shift in the rationale traders use to support decisions to buy and sell. During the ‘60s, “synergy” became popular. The stocks of companies successful at acquiring other companies were bid up aggressively on the theory that, in the stock market at least, 2+2=5. But during the ‘70’s, after […]

Trading Systems vs Systematic Trading In recent years, computerized trading systems have become popular. They range from very simple to very complex, from inexpensive to costly. Such systems, it is claimed, are emotion-free and therefore not subject to the destructive influences of fear and greed. Most have been back-tested over many years’ data. Computers are […]

Is Market Behaviour Random? Random Walk Theory maintains that market movements are random, that stock price changes cannot be predicted by studying past prices. Random walk theorists compare historical price data to a series of coin tosses. They argue that since the outcome of a coin toss is not dependent on the results of earlier […]

Module 1 – Foundations Introduction This course teaches the art and practice of trading stocks, bonds and commodities. It is intended for beginners as well as for those with considerable trading experience. What you learn will set you apart from the vast majority of traders who buy and sell without a solid understanding of the […]

Day Trading Course – Trader’s Bootcamp Module 1: Foundations Introduction Is Market Behaviour Random? Trading Systems vs Systematic Trading Reasons and Causes The Tape Strong Hands/Weak Hands The Supply/Demand Cycle Charting Methods Module 2 – Accumulation The Art of Buying Selling Climax Shakeout Testing Support Point & Figure Targets Testing Support 2 Point & Figure […]