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Product Description
Chart patterns point traders to high probability trading opportunities by allowing them to accurately measure risk and reward. Chart patterns also capture crowd emotions and expose the emotional people that make pricing errors. But there are only a handful of easily recognizable chart patterns that appear with frequency. To find these patterns, we need to start with classical chart analysis, which will improve our chances of successfully executing trades.
This presentation lays the groundwork for using pattern recognition tools and then shows how these tools are used to create precise definitions of high-probability patterns. These are end-of-day patterns which offer three-to-fifteen-day trading opportunities and which may also be applied to intraday trading.
This dynamic presentation will teach you how to:
- Accurately identify high-probability trading patterns
- Set accurate entry points, stop loss levels, and reward targets
- Plot and use trend lines and support lines correctly
- Manage trading risk with confidence
Chart patterns point traders to high probability trading opportunities by allowing them to accurately measure risk and reward. Chart patterns also capture crowd emotions and expose the emotional people that make pricing errors. But there are only a handful of easily recognizable chart patterns that appear with frequency. To find these patterns, we use classical chart analysis to improve our chances of successfully executing trades.
This presentation starts with a review of classical chart patterns. Typically, textbook chart patterns are easy to work with. But this workbook challenges you to identify the pattern early, set realistic price targets, define the risk, and then decide in advance how you would trade the opportunity. Many of the workbook examples included are actual trades and show the actual chart on the date Daryl Guppy recognized the pattern. Put your pattern recognition skills to the test with challenging workbook examples, which include complete answers and explanatory analysis.
Additionally, you will learn how to:
- Test your pattern recognition skills
- Define trade risk and reward
- Set accurate entry points, stop loss levels, and reward targets
- Compare your answers with the solutions as the actual trades had developed
- Gain the necessary confidence to trade real patterns rather than perfect textbook examples
The Guppy Multiple Moving Average indicator captures the interaction between the two most powerful forces in the market — traders and investors. Traders who understand the changing character of each of these groups have a dramatic advantage when it comes to developing the most appropriate trading strategy. And this indicator gives unique insights into the nature and character of the trend for both long and short traders.
The Guppy Multiple Moving Average moves beyond standard moving average analysis by identifying the fractal repetition of price behavior across multiple time frames. This indicator is a powerful trend analysis tool suited for those who want to join a new trend early or those who would like to take advantage of price weakness as a trend develops. The detailed explanation of this indicator ensures that you will never be fooled by a false rally again. It also provides a significant trading edge for intraday, end-of-day, and position trading.
This presentation will also help you to:
- Understand the application of the Guppy Multiple Moving Average
- Track the activity of traders and investors
- Reveal the relationship between price and value
- Gain a better understanding of the nature and character of the trend
- Avoid shakeouts on false price dips and rallies
- Recognize when rallies are not part of a trend change
- Make mid-trend entries with confidence
The Guppy Multiple Moving Average indicator reveals the behavior of traders and investors by illuminating the character and nature of the trend. When you understand these elements, you have a significant edge over your competitors because you are then armed with the ability to select the most appropriate trading strategy.
We start with indicator revision notes and provide examples of breakout, downtrend rally, and mid-trend applications of the indicator. We illustrate “bubble trading” identification and strategies and also show how to use this vital indicator to verify end-of-trend conditions. Many of the workbook examples are personal trades and show the actual charts on the date Daryl Guppy completed his analysis. You are asked to do the same and then to compare your analysis with the way the trade had actually developed. Full answers and explanatory analysis are included for each example.
Additionally, you will learn how to:
- Apply the Guppy Multiple Moving Average
- Identify the best breakout trading strategy
- Analyze mid-trend entry opportunities
- Trade downtrend rallies with confidence
- Understand “bubble trading” tactics
- Understand trend weakness for better exits
- Trade a trend long or short with confidence
- Apply the indicator to intraday and end-of-day trading
Modern Darvas trading is a classical trend trading technique modified for modern market volatility. Forget about trend lines and simple moving averages because the Darvas technique defines the trend based on a self-adjusting volatility box. Start by understanding the classic Darvas applications. Then explore the modifications required in modern volatile markets, including the application of “ghost boxes?to manage risk and set stop loss conditions. Learn to apply Darvas techniques to breakout trading opportunities to capture young but robust trend development.
The core of this strategy is based on buying breakouts to new highs—but only when there is a high probability that the uptrend will continue. This is an update to classical trend trading. The strength of the strategy rests on its accurate method of calculating effective stop loss points. This technique belongs in every trader’s toolbox as this style of trading locks onto long- term trends that require little day-to-day management.
Additionally, you will learn how to:
- Lock onto long-term trends with confidence
- Reduce management time while trading the trend with confidence
- Learn modifications required for modern market volatility
- Accurately construct a Darvas volatility box
- Apply Darvas techniques to breakout trading with young trends
- Avoid buying the ultimate highest price
Darvas trading techniques define the trend with a self-adjusting volatility box. This allows traders to capture long-term trends and ride them with confidence. The workbook starts with a brief revision of the Darvas techniques. Then you work with examples to apply classical and modern Darvas trading techniques, which reflect the reality of market trading. Find out what you should do when traditional trend indicators signal the end of a trend—but the Darvas technique does not. The answer to this dilemma can put money in your account.
Many of the workbook examples are personal trades and show the actual charts on the date Daryl Guppy completed his analysis. Compare your analysis with the way the trade actually developed. Full answers and explanatory analysis are included for each example. This technique belongs in every trader’s toolbox as this style of trading locks onto long-term trends that require little day-to-day management.
Additionally, you will learn how to:
- Construct Darvas boxes with confidence
- Apply classical, modern, and breakout strategies
- Recognize genuine trend buy signals in breakouts to new highs
- Set accurate stop loss points
- Apply “ghost boxes? accurately
- Apply Darvas management to long-term trend trades
- Appreciate the low level of trade management required
Trading is about the management of risk. But the failure rate among traders and investors suggests that many do not fully understand the concept of risk. This presentation by Daryl Guppy tackles risk head-on by showing traders and investors how to identify the risk component in each trade. Guppy walks you through the financial calculations and then shows you how to match these calculations with chart-based analysis. This is the key to trading high reward opportunities with low risk and is also the essential foundation for the most effective techniques in setting stop loss points. These calculations can provide a solution for position sizing, which can more precisely control risk.
Guppy shows you how to choose between competing trade opportunities by applying risk/reward ratio analysis to select trades with a higher probability of success. Using a series of actual trades, he shows how money management improves results without the need to increase the number of profitable trades. Risk calculation spreadsheet templates are included.
Additional topics include:
- Learn how risk is really measured
- Why high reward does not have to mean high risk
- Learn why investors must apply risk management concepts
- Match financial risk with chart-based risk
- Set better stop loss points
- Use risk/reward ratios to select better trades
- Improve trading performance with money management
Very pleased | Daryl Guppy – Traders Seminars – 7 CD