A Beginners Guide to Technical Analysis of Stock Charts
- 8.5 hours on-demand video
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- To help you to become a much more successful Trader
- This is a Beginner Level Course - The only requirement is the desire to learn all about Stock Charts
- This Course is a prerequisite for the upcoming Advanced Course in Technical Analysis of Stock Charts
Learn the techniques a full-time Professional Trader uses every day for Swing Trading and Day Trading. Analyzing daily charts and weekly charts is important when Swing Trading. To be a successful Day Trader, it is imperative to know how to quickly and correctly read stock charts.
These 50 video lessons, that total up to 8.5 hours of playtime, will teach you all about stock charts and the many Technical Indicators you can load onto them. The most common and useful indicators will be covered first, and after the 15th lecture, Stock Chart Setup #1 is presented, which is something you can start to use in your trading right away!
Each lesson begins with a brief explanation of each Technical Indicator. The majority of each 10 minute lesson is spent showing you exactly how an experienced trader uses them. Every video shows numerous chart examples of each indicator in Action.
The final lesson on "Multicollinearity" - or - "There are SO many indicators! Which ones do I USE?", explains how indicators are grouped, and how to avoid a common problem chartists have, by using too many of the same types of indicators on their charts. This lesson will show you how to choose your favorites from each category to get best results.
Questions from students will be answered promptly, and Live Sessions will be planned for one on one discussion about your favorite stock charts.
- Anyone interested in learning how to trade the Stock Market
This lesson show why Candlestick Charts are by far the best form of plotting Price Action.
The MACD and it's Histogram identify the direction and strength of the Trend, and give many different kinds of signals. Watch for the MACD to cross up or down through it's Signal Line, and also watch for crosses up or down through the Center Line at zero.
ADX measures trend strength without regard to trend direction. It's other two indicators, Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), complement ADX by defining trend direction. Used together, chartists can determine both the direction and strength of the trend.
The CCI is my favorite indicator! It gives the primary Buy and Sell Signals in my proprietary trading system. My Buy Signal occurs when the CCI dips below the -100 line, and then crosses back up through it. My Sell Signal occurs when the CCI rises above the +100 line, and then falls below it again. Center Line crossovers show either strength or weakness.
ROC is a pure momentum oscillator that measures the percent change in price from one period to the next. As a momentum oscillator, ROC signals include center line crossovers, divergences and overbought-oversold readings.
The Correlation Coefficient is a statistical measure that reflects the correlation between two securities. The Correlation Coefficient is positive when both securities move in the same direction, up or down. and it is negative when the two securities move in opposite directions.
The Force Index is uses both price and volume to measure buying and selling pressure. The price portion covers the trend, while the volume portion determines the intensity. At its most basic, chartists can use a long-term Force Index to confirm the underlying trend. The bulls have the edge when the 100-day Force Index is positive. The bears have the edge when the 100-day Force Index is negative.
KST is a momentum oscillator based on the smoothed rate-of-change for four different time frames. KST measures price momentum for four different price cycles. It can be used just like any momentum oscillator. Chartists can look for divergences, overbought/oversold readings, signal line crossovers and centerline crossovers.
StochRSI is an oscillator that measures the level of RSI relative to its high-low range over a set time period. Traders looking to enter a stock based on an overbought or oversold reading in RSI might find themselves continuously on the sidelines. StochRSI increases sensitivity and generates more Overbought/Oversold signals.
The Vortex Indicator is a unique directional indicator that provides clear signals and defines the overall trend. A bullish signal triggers when the positive trend indicator crosses above the negative trend indicator or a key level. A bearish signal triggers when the negative trend indicator crosses above the positive trend indicator or a key level.
TSI captures the ebbs and flows of price action with a steadier line that filters out the noise. As with most momentum oscillators, chartists can derive signals from overbought/oversold readings, centerline crossovers, bullish/bearish divergences and signal line crossovers.
The Price Relative compares the performance of one security to another with a ratio chart. This indicator is also known as the Relative Strength Comparative. Often, the Price Relative is used to compare the performance of a stock against a benchmark index, such as the S&P 500. Chartists can also use the Price Relative to compare the performance of a stock to its sector or industry group. This makes it possible to determine if a stock is leading or lagging its peers. The Price Relative can also be used to find stocks that are holding up better during a broad market decline or showing weakness during a broad market advance.
SCTR is a statistical ranking system at stockcharts.com that allows chartists to compare the technical strength of one stock against all the stocks in its peer group, to compare a stock against it's Sector, or an Index like the S&P500 or Dow. Do you want to trade only the best stocks? Trade only the highest ranked SCTR's.