Hey you two what's going on Chris here I want to bring y'all. An update is something I was doing some studying on today and I want to share it with you and first of all, I wanted to mention that from the 23rd till about the 30th I'm gon na be gone I'm gon na be in Florida visiting my grandma And what I wanted to do is do a little series, so I'm gon na pre record videos during the time that I'm gone, because I don't know how much charty I'm gon na get to do while I'm out there. I don't know my grandma's internet situation or anything like that. But what I'm gon na do is go over what I've been studying in here and this book is called 7 chart patterns that consistently make money and this by Edie Downs and what we're gon na do. While I'm gone guys, we're gon na go through each chapter and we're gon na talk about the seven different patterns that consistently make money and how to use them for your trading. So, first of all, today, I'm, not gon na get into any of all that. What I wanted to do is just tell you the seven that we're gon na be going over then I'm gon na start recording the videos so that, when I'm gone they'll be able to come out and you guys can do some studying off them. I think it's really important here, but basically the book is called seven chart patterns that consistently make money and the seven chart patterns that we will be going over number one is support and resistance, and how important support and resistance is, when you have those breakdowns through Support or those breakthroughs through resistance and how important those can be for your trading.
The next one's gon na be trend, line, breaks and reversals. We'Ve talked a lot about trend lines and how important they can be I'm, going to show you some tips and tricks on those. The third one's gon na be the saucer formation or rounded bottom formation, and how to look for those when the big dawgs are accumulating. It'S something that you really want to pay a lot of attention to our really like rounded bottom formations. The next one will be Fibonacci retracement, so we're going to spend a lot of time on that talking about the 0.236 and the 0.38 to in the 0.5 eta 0.618, and where you can look for these retracements depending on how bullish the market is or how bearish The market is the next one's gon na be gaps, so this is more so in the stock market. When you have those closes, and you can have those big gaps for opening or big gaps to the downside. We'Re going to talk about those I really like playing those in the stock market. Next, one is gon na be chart pattern. Six and that's gon na be volume, climax and volume trend, so we're gon na talk all about volume and how important it is, while you're making these moves like when you're in an uptrend. You want that heavy volume to continue with that move to the upside. If the volume does not continue on a strong move to the upside that's, actually decreasing, that could be sign that you may start dropping down in quite a while and then the next one is gon na.
Be consolidation. So we're gon na talk about flags, we're gon na talk about triangles all that different type of stuff and we may even get into guys chapter ten is predicting market directions about watching the signals and then chapter eleven is trading the moves, while minimizing risk and that's. The golden exit rule setting stops to minimize risk maximizing profit on every trade, put the odds in your favor and then the closing thoughts so there's just so much in this little book here and guys. I got this book there's about 78 pages here I got it for 4 on thrift books and I just I love thrift books, it's, basically guys what you can do with these books is they're almost brand new. A lot of people would buy books and then they'll. You know scan through them. One time say: I'm done with them, but for me I like to go back through books and really study. First I'll read them and then I'll go back through and highlight, while I'm reading it again and then after that, I'll take notes on it. So you're, basically getting that book three times through your head before I move on to the next one that a lot of times I'll still even go back and start just looking and scanning through different things, because you can never learn too much in the space guys. I could study trend line breaks for a year and we wouldn't even touch the bottom of trend lines and how powerful they can be.
But these are the seven chart patterns that we're going to be going over while I'm gone that's gon na be from like January 23rd to the 30th, the 31st right in that range and guys I'm gon na try to do updates from my phone. You know do some charting on that, because I do have trading view on my phone. I just don't know how successful we're gon na be with that or maybe I can go down there and we have great internet and there's no problem but I'm. Basically, going down my grandma she's 86 now and she suffers from multiple sclerosis, and I just don't know if this is gon na, be the last time that I get to see her or not so my family's heading down there we're gon na, spend some time with Her and you know I'm – just really gon na try to enjoy that time, but I wanted to put this out there to really look out for these seven chart patterns coming towards the end of the month. It'S gon na be some I'm excited to start with. You guys we'll just go through. You know, support resistance work our way through try to do like a five or ten minute video on it, nothing too long, so that we can continue to learn this stuff together guys. But if you get some from this, like subscribe, hit that notification bell, I got to hit my next client here guys.
So I appreciate all the love and support and I'll talk to you later. God bless