1. Support And Resistance Levels
Determine intraday and long-term levels of buyers/sellers, which are crucial reference points in making deals, placing stops, and finding targets of trend ending/reversal.
Perhaps you run into a situation when there are so many levels drawn on the chart that you are unsure about strength of each single level, and you can’t tell which one is no longer relevant, and which one should still be taken into account. Which one is going to be broken along the trend, and which one indicates that it’s better to close the deal right there?
When such feeling of uncertainty arises, you tend to close the deal much earlier than you should, while the market continues to move along the trend, but without your deal in it, and you miss out on a great deal of profit.
I differentiate SR levels by significance. There are local/intermediate levels having low strength, and there are strong strategic levels, capable of reversing daily, weekly and monthly trends.
You are going to learn how to tell which level is the market’s anchor, from which it will move to the next target of the same scale.
Therefore, you will understand which levels will be set as the market’s next targets, and which levels will be merely a temporary barriers – meaning it’s not worth closing the deal upon reaching these, and instead you should wait until our strategic target is reached and close the deal there, which multiplies resulting profit as the deal was kept open over a greater amount of pips covered by the trend.
1) Positions of the main levels of support/resistance where the current trend ends and a new one begins;
2) Prices, at which it’s better to close the deal on take profit and open a new deal;
3) Trade from levels of reversal;
When the price gets to SR level, before the market begins reversing from it, it can be falsely broken to both sides many times, and only then the reversal begins.
4) Confirm trend reversal, avoiding false deals upon over-break of levels;
5) Open safe deals upon breaks of confirmed levels on the very top/bottom of the trends;
For this reason, it is very important to have a confirmation signal, which shows that a real trend reversal is unfolding. If, however, a trader immediately opens a deal from SR, without a confirmation signal he can re-open and close it with loss multiple times. As a result, all the profit from the following trend only makes up for losses taken on attempts at entering the market. So, a reasonable trader always waits for a confirmation signal, and stays away from wasteful attempts. Just open one deal when it’s safe to do so after a confirmation signal, place stop loss behind signaled level, avoid losses and multiply your profits.
6) Know exactly the next target level of the market as soon as the current level gets broken;
You will determine a long-term target, medium-term, and a short-term one. If your type of trading is intraday, you will have an opportunity to close the deal at levels, which can’t be potentially broken during the current trading session. This makes for the maximum possible profit.
7) Predict the market and build your own trading plan relative to determined levels;
8) Lay out charts from greater time frame to a lesser one, from monthly to 1-tick, for intraday or swing trading respectively;
If you wish to spend as little time as possible at the trading terminal (PC), but still manage to take profit from the whole trend – choose the long-term target.
You will learn how to make predictions of the market prices, devise your own trading plan according to those prices depending on your personal needs. You will know for sure which level is the next market target at any given time, and which price will be reached after that target gets broken.
9) Place stop loss behind a significant level along the trend, protecting your profit and keeping potential loss at a minimum;
SR level is a factor that limits trend building, as such when you place stop loss behind it, potential loss of the deal will be as small as possible. You will have better guarantees than just hoping for the better, staying up late meditating at the charts trying to make the price move in the favorable direction. You will determine the price and see upcoming market movements ahead of time when that price is reached.
With that certainty you will have zero reasons to move stop loss against yourself, letting the loss increase. You will be confident about the market behavior in case a certain level gets broken. For example, you will see that the market reverses against you, and conclude that you should not move stop loss in hope that it reverses again, instead you should close the deal right there, save yourself from anxiety and loss of money. This way you only take a minimum loss, move over this deal, and calmly wait for the next opportunity to open a favorable deal.
Also, if you build up deals amount along the trend, you will be able to tighten stop losses of the previous already profitable deals, positioning them at current nearest level. So even if the market breaks the level and hits your stop loss, the profit made so far will be safe (contrary to the case when the market has already reversed against you and continues unfavorable movement, and all your opened deals become increasingly loss, possibly leading to loss of the whole deposit).
And if the trend favors you and doesn’t hit your stop loss, your profit will increase in progression, as it will be multiplied by amount of your deals.
1) 49 pages in PDF with trading rules and real-life examples;
2) 1 hour 32 minute narrated video with examples and explanation;
3) Practical task.
4. Course synopsis
6. SR forming conditions
7. Core meaning of SR levels
9. Volume profile as SR or chart SR?
11. Why support becomes resistance
14. When SR loses significance
17. Averaging of multiple SR levels by greater SR
21. HL (high/low) level
24. Trading with HL on trade reversal. Confirmation trade reversal
29. Counter-trade with HL against the trend
32. Difference between SR and HL
33. When trading upon HL break along the trend is ok
35. Trend types by strength and how to trade them with SR and HL
38. Predicting market targets by SR
43. SR and HL on time frames lesser then h4
47. Colors and display settings for the time frame, SR, and HL
48. Questions you may still have after taking the course
2. Trend Channels, Lines and Waves
Drawing of trend channels and lines, deal opening/closing. Wave structure of trends of higher and lower orders. Target levels by projector. Determining endpoints of waves 4 and 5 by Elliott’s concept. Supports/resistances in a vacuum zone.
If you ask several traders to draw a trend channel, each one will draw it in their own way different from others. But in fact, only one channel break is true and profitable, and the rest are false and lead to losses.
If one relies on intuition when drawing a trend channel, failing to observe certain rules, then most of the time a deal that is opened upon the break of such channel will lead to loss, since the channel is falsely broken. As a result, the loss taken on mere attempts of entering the market upon the break of trend channel will be greater than potential profit from the trend, which follows one of the breaks.
After many years of trading I have come up with universal rules for drawing a proper trend channel, which avoids false breaks. And even if a false break happens, I have other rules for minimizing the loss and re-entering the market with the greatest accuracy.
1) How to correctly draw a trend in order to be safe from false breaks;
2) Trend channel is an indicator of trend end and a signal to close the deal with the maximum possible profit;
When a long-term trend is building up, all indicators are acting wildly and signaling trend reversal, while the moving average gets repeatedly broken, which forces a trader to close the deal long before current trend endpoint is reached. Besides, a trader may see a false opportunity to open a deal counter to the trend, in anticipation of reversal deceptively signaled by all the indicators…
Unlike indicators, a trend channel does not produce any unnecessary signals. It either gets broken, and then the market begins reversal (or forms a pattern), or the market stays within the channel and the trend continues. Trend channel break only happens at the very top/bottom of a trend, which makes for an opportunity to take the maximum profit from the entire trend wave.
3) Signals for deal opening/closing, profit taking and loss limiting;
Open a deal upon the break of trend channel, place stop loss behind its boundary, close deals with profit at the trend’s top also upon the break of trend channel and open a new deal from there. Trend channel is a truly universal tool for trading, it is as simple and clear as it gets, as opposed to overloaded perception of the market through numerous indicators.
4) The tool for entering the market with increased accuracy upon the break of a lesser trend;
5) The tool for adding deals along the trend as in swing trading;
If you divide the market into waves (this concept is included in this lesson), you can open deals long before the main trend channel gets broken, relative to its inner channels. Where a classic trader opens just one deal, you will reveal an opportunity to open 2, 3 and more deals resulting in doubled/tripled profit. Open deals at the very top of the trend, continue adding deals while the market is moving within the channel and after it gets broken, close the deals with profit upon the break of the ending trend, multiply earnings.
6) The tool for detection of trend waves used for:
A. high-accuracy entrance into the market by a lesser trend;
B. determining of Elliott waves for the purpose of predicting wave 4 and 5 endpoints by MWS model;
C. proper drawing of patterns;
D. determining supports/resistances in the form of the greater channel boundaries;
This lesson includes basic theory on Elliot waves and introduces the Model of Wave Symmetry (MWS), which lets you determine the ending price of wave 4 (corrective) and 5 (end of the entire trend cycle) in advance.
The ability to divide the chart into waves gives all the advantages mentioned above. You will have insight on what’s happening at every time frame and see the market perspective in future.
7) Determining of non-classic levels of support and resistance where classic ones are absent;
A certain behavior of trend channels/lines produces “vacuum” zones, which turn into non-classic support/resistance levels. Such levels cannot be seen without trend channel/line drawn. Also note that the market likes to revisit these levels often.
In a sense, these are practically gaps, where a total imbalance between buyers and sellers emerges. These levels can be clearly revealed through volume analysis (volume profile, footprint). If you don’t use volume analysis in your trading – no problem, as trend channels/lines are as good at revealing these.
8) Trend channel as support/resistance when trading within the greater trend boundaries;
The trend channel/line itself may also serve as a support/resistance when the market rebounds off its boundaries. At this chart you can see multiple times when the upper channel boundary turned into resistance, and the lower into support.
When we decompose the chart into lesser and greater trend channels, we can determine the point of trend reversal upon rebound from a greater channel boundary and confirm that reversal by a lesser channel’s break. By doing so we can open a deal at the very top of the trend.
9) Trend channel as support/resistance when trading outside channel boundaries;
When the market moves past a channel’s boundaries, a channel keeps its influence by turning into support/resistance. If a channel is drawn properly, knowing its boundaries may be beneficial in trading, as they point at market reversal points.
10) The rules of drawing a trend line to avoid its false break with consequent loss;
Trend line, just like channel, has its own clear rules of drawing. If a trader fails to observe these rules, the line will be broken falsely and bring loss. There can be a lot of incorrect lines, because practically any two anchor points that you see at the chart can form a line. Correspondingly, trading with incorrect lines leads to a series of loss deals.
However, when you know clear rules of trend line drawing, you don’t draw incorrect lines and don’t open deals according to those. As such you avoid losses and make profit on true breaks. Less deals, less anxiety, more profit, more free time, more joy from trading.
1) 51 pages in PDF with trading rules and real-life examples;
2) 1 hour 22 minute narrated video with examples and explanation;
3) Practical task.
4. Course synopsis
6. What is a trend?
14. Rules of trend channel construction
18. How to open and close a deal
25. Targets set after breaking of trends (price projector)
26. Determine reversal of a greater trend through a lesser trend break
28. Wave structure of the market
34. Determine trend targets through waves 4 and 5. Model of wave symmetry (MWS)
42. Trend line
44. Price of trend/trendline break as a support/resistance
47. Colors and display settings of time frames for trading channels
48. Questions you may still have after taking the course
3. Chart Patterns
Patterns: head and shoulders, flag, triangle, diamond, double top etc. Rules of drawing: symmetry, divergence, wave ratio. Predicted targets. Recognizing the signs of one pattern transitioning into another
80% of time the market is trading in a sideways trend, which is the most difficult period for a trader: the market becomes chaotic, sharp, shaky or, contrarily, overly passive, uncontrollable, unpredictable.
In fact, a sideways trend’s nature is not chaotic, it’s the opposite. Every sideways trend forms an exact pattern, and if a trader knows the rules of pattern building, he or she has ability to trade inside the pattern’s waves as well as upon it gets broken. There are 13 types of patterns and 13 corresponding inverted variants (26 in total). These patterns are found everywhere and comprise 80% of the charts.
Sideways trend formation starts with forming of initial pattern, which can undergo 2 serial transformations into consequent patterns, depending on market conditions such as: divergences, symmetry and swing of waves, false break, % ratio.
Knowledge on building and transformation of patterns grants a trader a rather wide range of opportunities:
– tripling the deals within a pattern;
– avoiding loss by determining a false break beforehand;
– using false break for opening counter deal;
– predicting the market by two target levels, which appear after a pattern gets broken;
– ability to make profit during sideways trend.
1) Deal multiplication
A trader with classic approach opens 1 deal upon the pattern break, while my knowledge allows opening 1-3 more deals thus multiplying the profit by a factor of 2-4 (depending on the pattern type).
2) Avoid loss by determining false break of an incorrect pattern, and trade on its consequent transformation followed by a true break
When you know the rules of building and transformation of the patterns, you can detect incorrect patterns in advance and anticipate false breaks. This way you will not open a deal upon false break and avoid loss, also you will be able to open a counter deal and make profit from it.
After getting falsely broken, a pattern transforms into another type. You are going to identify this new transformation and begin opening deals in the direction of upcoming trend from the pattern’s inner waves as well as from its break point.
3) Transformations of 26 patterns (including 13 inverted)
Every pattern starts forming with a basic pattern, which builds into one of 13 types through 2- or 3-stage transformation. Every pattern also has an inverted type, which gives us 26 patterns in total. When you know conditions of pattern transformation, the market chaos turns into order, and the loss turns into profit.
4) Predicting the market by target levels
When a correctly built pattern gets truly broken, it creates the trend’s momentum which can reach 2 target levels. Knowing those levels you can determine where to set your take profit, and predict future price of the market.
1) 68 pages in PDF with trading rules and real-life examples;
2) 1 hour 35 minute narrated video with examples and explanation;
3) Practical task.
4. Course synopsis
6. What causes patterns to form
8. What causes patterns to fade out
10. Double top/bottom – type 1 (dt1)
15. Flag – type 1 (f1)
22. Descending peaks/rising valleys (123)
28. Triangle – type 1 (tr1)
36. Double top/bottom – type 2 (dt2)
41. Head and shoulders (hs)
48. Extended head and shoulders (hse)
55. Triple top/bottom (tpl)
59. Accumulation (ac)
61. Flag and triangle – type 2
67. Expanding triangle
4. Candlestick Patterns
How to trade and predict market through candlestick patterns. Determine price of buyers and sellers, support and resistance. Buyers/Sellers pressure
You will learn:
– How to predict market prices with candlestick patterns;
– Where exactly buyers and sellers are located;
– Which level is support and resistance;
– With break of which level to open and close deal;
– How to determine power of trend pressure;
– When trend starting to loose his power;
– Which trend direction we can expecting for the next day;
– How to confirm rebounds from SR levels with candlestick patterns;
– How to predict potential break of trend channel or chart pattern with candlestick pattern;
– How to trade candles with different time frames charts;
– Which candle models are most strong and common;
5. Order Flow (Volume Analysis)
Tools: Volume Profile, Delta, Footprint chart. Determine with 1-tick accuracy: position of the seller and the buyer, trend start and end, price of deal opening/closing, and stop loss
Earlier, trading on the in pit exchange, you had the opportunity to follow the behaviour of the other bidders and when everyone shouted “buy” – you bought with them, because the price increase was obvious. When everyone shouted “sell” – you closed the deal to buy and opened the sale. This is how the traders used to make money in pit.
To date, all trade is online and the volume analysis acts as the pit: you monitor the flow of orders by the buyers and sellers and follow their transactions. Those traders who use only technical analysis, without the volume analysis, miss a huge advantage of following the crowd in the trend or large orders of institutional traders.
The traders from the pit, who failed to start using volumetric analysis after switching to electronic trading, went bankrupt. Because they no longer had the chance to follow the crowd in the pit, and they failed to follow the electronic crowd in terms of volume. A lot of films was shot on the bankruptcy of such traders.
What can you see using volume analysis?
1. Key levels of support/resistance generated by the struggle of buyers and sellers (vpoc, volume area), which is impossible to see without this analysis;
2. Prices traded by institutional traders supporting or reversing trends that you can follow and do the same (iceberg, absorption, delta);
3. The price at which an institutional trader suddenly enters, reversing the trend, where you can either close the current deal or open a trade with him at the very beginning of the new trend (iceberg, absorption, delta);
4. The zones of domination of buyers/sellers supporting the trend or starting its reversal;
5. The prices to move your stop loss in a positive direction in the course of the trend development following the orders of the crowd or major players;
6. The price to open a deal at after a major buyer/seller order is broken, after which a strong trend begins;
7. The price to place the stop loss right after the order of a large buyer/seller, which later becomes a strong support/resistance that protects your stop loss;
and much more.
For market analysis I use next charts:
1) 15 minutes with composite and session volume profiles, where composite show key support/resistance levels for swing trading.
2) 2 minutes chart with session and custom volume profiles, where session show main support/resistance levels for day trading and custom (footprint replacement) show where to join in deal with 1 tick accuracy.
1) 86 pages in PDF with trading rules and real-life examples;
2) 1 hour 30 minute narrated video with examples and explanation.
4. Course synopsis;
6. Price development cause. First day of trading apples;
8. Second day of trading apples;
10. Exchange price development;
15. Volume profile table entry procedure;
16. Ways to determine the competition of local/inner wave;
18. Types of volume profile/footprint;
19. Real-life examples of logic of prices movement on volume profile;
23. Various examples of volume profile;
31. Types of trade with volume profile (break, re-break, absorption/rebound);
34. Types of breakouts in action;
43. Capitulation as an evidence of a new trend beginning;
48. Capitulation on 30 seconds chart;
53. Vertical volume;
71. Buyers/sellers dominance;
83. How should I use the volume, if I trade on MetaTrader?
6. Joint Lesson
In this course all available lessons on day trading are joined into a unified trading system
58 pages in PDF.
4. Confirmation of a bounce from SR using trend channel breakout;
14. Pattern completion with the breakout of its latest trend wave;
20. Trading a false breakout;
29. Confirmation of breakout with capitulation;
37. Correlated tools;
47. Trade sessions activity;
56. Important news;
57. Important advices.
7. Live Trading Room (1 month included)
– Trade with me online at the same time receiving my trading signals;
– Watch the deals-making process via the charts video streaming/broadcast;
– Chat with me and get comments on the market;
– List of trading tools: WTI Crude oil (CL), Brent Crude oil (BRN), E-mini S&P500 (ES), E-mini Dow Jones (YM), E-mini DAX (FDXM), GOLD (GC), EUR/USD (6E), Natural Gas (NG), Soybean (ZS);
– Trading time: EST 2:45 a.m. – 12:15 a.m. / UTC 8:45 a.m. – 6:15 p.m. (EU – US trading sessions);
– Basic stop loss = 25 ticks, that can be reduced only. After 30 ticks of profit placing SL in +1 tick;
– No scalping, using session trends;
– No “trading just for trading”, if market do not show clear patters, we do not trade this day.