Five Chartists Worthy Of Your Inbox Image

Five Chartists Worthy Of Your Inbox

If you’ve been trading the markets for a while, one thing is for sure.

You’ll have a busy email inbox.

Because, if you’re anything like me, you’ll have used your email address to subscribe to trading newsletters, reports, promotions and free trials.

And after you’ve spent a few years doing that, your email inbox starts to burst at the seams with trading related emails.

99% of which are full of nonsense.

Here’s the thing – you may have noticed that the biggest problem that new traders face now is not accessing trading information. It’s figuring out who to listen to and who to ignore.

Parsing through all the dirt to find the odd nugget of gold can be a full-time job.

So, in this blog post, I’m going to introduce you to 5 chartists who share those nuggets of gold regularly.

Each of them are talented specialists in the art of technical analysis.

Some trade forex, some don’t, but all are worth paying attention to.

When they are kind enough to send an email, post a tweet, or compose a blog post, I prick up my ears and listen.

All of these gentlemen are amazing chartists, top traders, and freely share great trading content online.

I have huge respect for all of them. But for this blog post I’ve decided to inject a bit of excitement. I’m going to rank them 5 – 1 in terms of the impact they have had on my own trading (number 1 being the greatest).

So, let’s start the Countdown!

Number 5: Kimble Charting Solutions

Kimble Charting Solutions

Chris Kimble is the man behind Kimble Charting Solutions.

With 36 years in the business under his belt, Chris has looked a lot of charts.

His technical analysis is exactly how I like it – clear and uncluttered, long term, and with nice clean trendlines.

Watch Out For: Chris’ tips on how he deals with trading biases.

Number 4: Bart’s Charts

Barts Charts

Bart’s Charts is run by James Bartelloni.

When I look at my own technical analysis toolbox, I have to admit, it’s not very exciting.

I have my candlesticks and my trendlines in there, and not much else.

James, on the other hand, uses some seriously interesting methods to analyse charts. Even for a casual observer of these techniques like me, the way he uses ratios, geometry, gravity and correlations in his analysis is intriguing.

Watch Out For: His interpretation of the holy grail.

Number 3: All Star Charts

All Star Charts

J.C. Parets is the man behind All Star Charts.

If you check out his Twitter feed, you’ll see that J.C. basically spends his day doing two things:

1) churning out world class charts, and

2) performing a vital public service role by calling out all of the nonsense that gets spewed out from financial media 24 hours a day. Like this:

Watch Out For: A great quote from Socrates and pictures of food

Number 2: Factor Trading Co.

Factor Trading

Peter L Brandt is the face of Factor Trading Co.

Peter possesses a stunning long-term track record, generating an average annual return of 42% over 29 years.

But when you see some of the wisdom he shares on his blog and Twitter feed, it’s not hard to see why he has that phenomenal performance record.

Peter has had a big influence on my development as a trader – not least by showing what can be achieved over the long term when you combine charts with a measured, disciplined approach to trading.

Watch out for: His default expectation that every trade he takes will be a loser, and how he’s simply the person who executes his trading plan.

Number 1: Slope Of Hope

Slope Of Hope

Tim Knight is the long-suffering bear behind Slope Of Hope.

Most people, after they get interested in charts, develop their skills by practicing on charting platforms – Metatrader, NinjaTrader, and so on.

But that’s not how Tim rolls!

No, Tim liked charts so much he developed an entire charting platform for himself.

To get a sense of the impact watching Tim’s charting videos has had on my trading, you only have to look at the ratio of long to short trades I take.

I think Tim’s bearish charts have infected me, in a positive way, to the extent that I focus almost exclusively now on topping patterns – I trade short far more often than I trade long.

But the biggest lesson I’ve learnt from Tim is the dogged persistence required to successfully trade the markets. Observing him, as an outspoken bear, navigate his way through the 7 year bull market from 2009 was a case-study in extraordinary charting skills and resolute belief in himself.

I’m glad he’s making hay in the bear market of 2016 – he deserves it.

Watch out for: His deep-rooted personal affection for Janet Yellen

So, There You Have It…

5 top chartists who should be welcome additions to your email inbox, Twitter feed, intravenous drip, or however else you get your trading information these days.

Of course, there are differences between these traders in terms of how they approach the market.

Just like there are differences in the way you and I will approach trading the market.

But there is one common theme that runs throughout their trading and their use of charts. That same theme runs through my trading, and it should run through your trading too.

And that common theme is this: these chartists use technical analysis properly.

They use charts as a tool to assist in making trading decisions.

To analyse supply and demand, to control risk, to define exactly when they are wrong, and to project potential profit.

They have shown us what’s possible when we use charts properly. Now it is time for us to try to replicate their success, using exactly the same tools that they use.

Hopefully some of what they say strikes a chord with you, and that you can derive as much benefit from their generous instruction as I have.

Good luck!

 

Nigel

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DISCLAIMER & COPYRIGHT

This update is based on my analysis on my charting package. It may differ to yours as it can be affected by time, market movements, charting packages and broker prices. I accept no liability for loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on any information in this report or analysis.