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(Raghee Horner) - Charts Book

The document is an introduction to Raghee's Book of Charts, which provides charts analyzed by Raghee to teach readers how to analyze charts and set up swing and momentum trades. The charts cover five timeframes and show examples of setups, stops, and profit targets. Notes are included on each chart to explain Raghee's analysis and point out important details. The goal is for readers to learn to analyze charts the same way Raghee does in order to recognize trading opportunities.

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Gustavo Achong
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57 views33 pages

(Raghee Horner) - Charts Book

The document is an introduction to Raghee's Book of Charts, which provides charts analyzed by Raghee to teach readers how to analyze charts and set up swing and momentum trades. The charts cover five timeframes and show examples of setups, stops, and profit targets. Notes are included on each chart to explain Raghee's analysis and point out important details. The goal is for readers to learn to analyze charts the same way Raghee does in order to recognize trading opportunities.

Uploaded by

Gustavo Achong
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Raghee’s Book of Charts

Copyright © Raghee.com 2005 1


If you’re anything like me, you learn from seeing images, pictures…and charts! I’ve spent hours and hours picking charts and
making notes on each of them to show you the concepts that I think will be the difference in your studies and trading. The
following charts are examples that you can study in order to reinforce the lessons taught in the video lessons of this multimedia
course. They will show examples from all five timeframes that I watch. They will also show examples that I have chosen that I
feel give you details to watch out for when setting up and confirming swing and momentum trades. The charts will also show
how I decide upon stops and profits targets.

A picture is worth a thousand words and I think that is especially true when talking about trading. To me, trading is the
process of training your eyes to recognize the set ups that you have learned, to react to that set up with a plan that includes your
entry, your stop, and your profit targets, and then to repeat this process over and over again.

As I mentioned before, I have made notes on each chart. Each chart shows you how I analyze the charts and points out details
that you can use to begin to fortify your own analysis. This way you are looking at charts in the exact same way that I do and in a
way, it’s like being able to see the charts through my eyes.

I love looking at charts and at the risk of sounding a bit childish, I find them to be maps that I follow to lead me to buried treasure.
And some of these treasures are buried well…it is our job to navigate the charts to find the clues that are there. We want to do
this as unemotionally as possible. We want to make sure that we do this without any bias. We want to be as consistent as
possible.
Traders are not bulls or bears. I analyze a chart with only one question in mind: Is there a set up here? I don’t care if it is
long or short. I don’t care if it is a swing or momentum trade. And I don’t let the current events or news of the day sway my
analysis. I am laying these ground rules down now so that you can begin to “recognize, react, and repeat” on your own.

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Let’s talk about news and economic events for a moment. I do not set up trades based upon news or the release of news.
However, there are some things that you do need to know. First off, I do not want you to think I ignore the news or economic
report. The fact is if you are new to trading, I truly feel that you may not have enough experience and trust in your charts to be
able to “block out” the bias that news presents. I see a lot of new traders fall into the trap of letting news and reports and internet
commentary override their chart analysis; I don’t want to see you fall into that trap! News and reports do move the markets…I
don’t want you to forget that. However, they cannot give you the three elements you need that make up your trading plan: an
entry price, a stop-loss, and profit targets. So what you will see is that if you do your “homework” and have your analysis done
before news and economic reports, the set up will often confirm with the volatility created by the news or economic release.
That’s what we want to strive for…

Keep this in mind. Always begin by looking for the prevailing trend and do this by using the Wave. This means we are looking
for an uptrend, downtrend, or no trend! A trend will be defined as the market traveling at Noon to two o’clock or four to six
o’clock. “No trend” will be when the Wave is traveling at three o’clock. Taking the time to make sure to do this simple step will
ensure that you are momentum or swing trading in the proper market environment.

Enjoy the charts!

Yours in Trading,

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