How You Can Trade Like a Pro: Breaking into Options, Futures, Stocks, and ETFs

4

INTERPRETING CHARTS: TRANSLATION 101

Illustrated by Noble Rains

Chapter Key Concepts

• Identify ways that charts are useful.

• Understand how to collect market evidence using market internals, support and resistance, different time-frame charts, instrument characteristics, and the foundations indicator.

• Understand how to interpret market trends.

• Recognize when to follow the leader.

• Identify with a trader’s point of view.

• Become familiar with Sarah’s simple steps to develop a trading assumption.

Now that we have reviewed some basic information about how to determine market direction from a chart, let’s get into more detail to bring ...