The course contains actual trades only - all of them were called in our trading room, and each screenshot is linked to the corresponding day in trading log.
For each setup we show the "skeleton" - the drawing of the ideal configuration; then we add all the elements that make the setup especially effective. Then we show trade after trade, starting with the most clean chart configurations, and adding less ideal ones, explaining considerations behind each trade and tracking trade management. The process of going over many trades, analyzing their distinctions and looking at their charts is going to ingrain the patterns in your visual memory, so that the setups become instantly recognizable as they shape up, and the way to trade them becomes a part of your trading routine. The screenshots progress from the most “textbook” to more complicated, and from heavily to lightly annotated, to facilitate the process of training visual recognition.
The trades shown in the first part of the course are grouped by the setups. There are four groups – Open Range Break, Breakout, Breakdown and Reversal. There are additional classifications within each group.
Charts on the screenshots are intraday – which by no means limits these setups to such a time frame. The same formations (with exception of Open Range Break) are seen and work on any other time frame, intraday or daily. If you are a swing trader, you can use them just the same, with obvious corrections for the different methods of risk control. We provide a few examples of the trades in daily time frames for the swing traders.
The most unique feature of the course is the video part. It's the part where you can test and train your visual pattern recognition. The screenshots of trades are going to appear before you, first with no aid by annotations and then repeated with visual help of the lines, arrows and text. You will train your eye to recognize the setup as it shapes up, just as it happens in real time. In the first video you will look at the bare screenshot for a few seconds, then see the same screenshot with aid of the annotations, then move to the next pair. Some of the screenshots will also have a third one, showing a continuation after the trade has triggered. Your task is to identify a setup and plot your actions while looking at the bare screenshot, and then verify it with the help of the second one. The second video will repeat the same process, only faster – making you recognize chart formation and identify your course of actions quicker. All this is designed to make the process of pattern recognition ingrained in your vision and automatic. Practice makes it perfect – perfect practice makes it even more perfect – and we are going to make it a perfect practice.
Do not expect this course to be a collection of all known chart patterns. It's not intended to present another generic encyclopedy of every setup under the sun; you can easily find that elsewhere. I only show those I have used for many years with consistent success.
I hope you like simplicity. Because what you are going to see is very simple: a few chart formations, a few factors to consider, very few technical indicators used very sparingly. If you believe a trader needs some complicated system overloaded with many studies and indicators, you’ll be surprised. Don’t let the simplicity fool you though – this is an extremely robust and universal trading approach; and it is through many complications that one arrives to such simplicity.
*On 1 year anniversary of the course publishing we have added a refresher - new booklet with 53 more trades.
This course is a purely practical affair. There is almost no theory – for that you would have to go to my other books and courses.