Charting

Question 1

What is charting not?

Answer 1

Charting is not trading

Question 2

What happens between impulsive moves

Answer 2

Consolidation

Question 3

What will happens after a bit of practice?

Answer 3

Levels will jump out at you

Question 4

Complete the sentences below

Broken support is expected to act as ……

Broken resistance is expected to act as ….

Higher time frame structure indicates a ….. move

Lower time frame structure indicates a ….. move

Recurring tests from the same direction means ………… level

Answer 4

Question 5

Complete below sentences

Support generally …… in an uptrend and resistance generally ……

Support generally …… in an DOWNTREND and resistance generally ……

Higher likelihood breakout …….. in Uptrend and lower likelihood breakdown ………

Higher likelihood breakout …….. in downtrend and lower likelihood breakdown ………

Answer 5

Question 6

1 - When bullish breakouts fail, what is this?

2 - When bearish breakdowns fail, what is this?

Answer 6

1 - This is bearish

2 - this is bullish

Question 7

Why is trading such a good discipline

Answer 7

Question 8

What is an entry trigger

It’s a set of conditions that take a trade idea into being a …….

Answer 8

a …. Position

Question 9

What are five broadly technical based setups

Clearly ………
Consistent and …….
Easy to track and …….
Closely related to your trade idea ……
Not ………. Driven

Answer 9

Clearly identifiable
Consistent and replicable
Easy to track and journal
Closely related to your trade idea and where you want to do business
Not emotionally Driven

Question 10

Common errors

1 - too …. Lines

2 - different c…:

3 - starting from LTF and working up rather than….

Answer 10

2 - different coloured lines for high and low times frame lines

3 - must start from HTF and then go to LTF

Question 11

Don’t try and do what?

Answer 11

Don’t try and scalp dominant trend

Question 12

No daily trend clear? Do what?

Answer 12

Don’t trade it, do nothing

Question 13

1 What does technical analysis not do?

2 What does it do

Answer 13

1 Tell the future

2 Give risk adjusted entry and exit ideas

Question 14

What can trading books and flash cards never do?

Answer 14

Give trader a traders intuition

Question 15

Who are the worst traders?

Answer 15

Those who search insatiably for certainty , this is why intellectuals are often terrible traders

Question 16

What makes a structure or level important

Hint
R

Obv

Answer 16

Recency

What’s most obvious to the market

Question 17

Describe what’s. Swing high and swing low is

Hint

Three candles in each