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Advanced Charting Techniques for High Probability Trading: The Most Accurate And Predictive Charting Method Ever Created


From an all-star team of trading experts—a revolutionary charting system guaranteed to dramatically improve the accuracy of your entries and exits and to bolster any portfolio

Advanced Charting Techniques for High Probability Trading

Trading is all about predicting future stock price movements, and the best tool for accurately predicting the future price movements of stocks, industries, or entire markets is technical analysis. But with more than 175 technical indicators to choose from—and over 4 million ways to combine them—finding the perfect combination of technical indicators is a daunting challenge to say the least. Millions of traders have spent countless hours attempting to unlock the key to timing the markets and almost all invariably fail. The perfect technical analysis package is the holy grail of trading.

Developed over decades and proven by tens of thousands of successful trades by the authors and Compound Stock Earnings clients, the remarkably easy-to-use methodology described in this book provides readers with a total charting system that has been proven to be the most accurate and predictive charting method ever to be made publicly available.

This book shares a proprietary charting system of twenty reformulated indicators and a precise method of reading the indicators to understand future stock price direction with incredible accuracy. Previously only available to enrollees in the authors' prestigious Compound Stock Earnings 2-Day Advanced Charting Seminar, this book gives you:

  • Powerful rule-based charting strategies guaranteed to allow you to accurately and profitably time your buy, hold, and sell decisions.
  • Proven techniques for reading the twenty proprietary indicators in a set combination and order developed by the authors. The indicators include modified settings for straight line charts, modified candlesticks, Bollinger bands, channel indicators, stochastics, moving averages, zones, PSAR, FTL, and more.
  • Free access to CSE's companion website featuring the proprietary Advanced Charting Tool. No set up or judgment is required by the reader.
  • A treasure trove of additional tools, resources, real-world trading examples, updates, instructional videos, podcasts, and more.
  • Priceless insights and information about the Covered Call, LEAPS, Directional Option, and Credit Spread trading approaches developed by the authors and used successfully by thousands of CSE clients over the past eleven years.

The book is the definitive holy grail of technical analysis. It is the one and only book you will ever need on the subject. The methods discussed and taught in this book have changed the financial lives of thousands of CSE clients over more than a decade. With a little study and effort, it will change your financial life too.

Joseph R. Hooper has been a property developer, stockbroker, and bank owner. He is the founder of Compound Stock Earnings and is now a financial educator, radio talk show host, and one of the world's foremost experts on covered calls. In the early 1980s, Hooper formed a bank holding company, purchased banks, directed their operations, and then sold them in the early 1990s. Later, he joined Merrill Lynch as a private client advisor, using his Covered Calls technique for client accounts.

Aaron R. Zalewski has a background in the finance industry, where he worked as an analyst within the investment banking industry. Zalewski left that profession to pursue a career as a full-time investor and is now Director at Compound Stock Earnings. He co-host's Compound Stock Earnings' weekly financial talk-back radio program, Unconventional Wi$dom--The CSE Investment Show, and is coauthor of the book Covered Calls and LEAPS: A Wealth Option.

Edwin L. Watanabe retired after thirty years in the commercial design business after learning the Covered Call and LEAPS techniques from Compound Stock Earning's principals, Joseph Hooper and Aaron Zalewski. During his thirty years in business, Ed traded as a hobby and, like many, pursued the frustrating task of trying to find a technical analysis method that consistently worked. While using the CSE Covered Call and LEAPS techniques for retirement income, Ed found himself with ample time to revisit the technical analysis methods that had frustrated him for thirty years. What followed was a three-year odyssey where he reformulated, tested, and back-tested thousands of combinations of indicators. Finally, he stumbled across a combination that consistently worked and began applying that combination to his Covered Call and LEAPS trading--with staggering results. Ed was averaging the highest monthly returns of any of the thousands of successful traders taught by Compound Stock Earnings.

After sharing this new methodology with CSE principals Joseph Hooper and Aaron Zalewski, Advanced Charting became part of the CSE curriculum and has now been taught and applied successfully by thousands of CSE traders. Ed is now Director of CSE's Advanced Charting program, teaching the CSE 2-Day Advanced Charting Seminar and running the CSE Advanced Charting Platinum Selections service. Ed's teachings have now been responsible for the creation of many millionaires and have allowed thousands of CSE clients to retire earlier than they ever thought possible.

Preface xiii

Chapter 1: Introduction to Advanced Charting 1

Why Use Charting? 2

Advanced Charting Techniques 4

Validating the V 6

Advanced Charting Upper and Lower Indicators 6

Chapter 2: Straight-Line Chart 9

Straight-Line Charting/Parallel Channels 11

Chapter 3: Direction of a Trend 13

Four Phases of a Cycle 15

Moving Averages Defined 18

Moving Average 1: Lead MA1 (White) M1 19

Moving Average 2: M2 (Green) 27

Moving Average 3: M3 (Blue) 30

Chapter 4: Moving Average Crossovers 33

M1 (White) Crossing M2 (Green) 33

M1 (White) Crossing M2 (Green) and Then Crossing M3 (Blue) 35

12 Key Points of M1, M2, and M3 Crossovers 35

Supplementary Moving Averages 44

Chapter 5: Bollinger Bands, PSAR, Channels, Zones, and FTL 51


Channel Indicators: C1, C2, C3 57

Zones 59

Friday Target Line 61

Chapter 6: Putting It All Together: MAs and the BBs 63

Window 1-Chart 1 Analysis 67

Chapter 7: Lower Chart Indicators L1 through L4 71

Defining the Lower Chart Indicators 73

Chapter 8: The Second Chart: Window 2-Chart 2 85

Modified Candlestick 85

Understanding the Modified Candlestick 87

Pivot Points: Support and Resistance 94

Lower Indicators: L5 to L8 95

Chapter 9: Recap of Advanced Charting 105

Entering New Positions on the Roll Up above M2 106

Roll Up Below M2 107

Touch/Convergence: Example 1 108

Touch/Convergence: Example 2 108

True V/Double V 109

The 10-Cent Rule 109

Entering New Position on the Roll Up 110

Upward Momentum Confirmed 111

Exit the Position When Price Tic Falls through M1 111

TSS for Income 111

TSS: Stacked Up with M1 Rolling Down 112

TSS: Upward Moving M1 and Roll at M2 113

When to Buy Back a TSS 114

Chapter 10: RS: Advanced Charting Relative Strength Indicator 117

Comparing the Relative Strengths 119

Conclusion 122

Chapter 11: Momentum Trading and Trading the Moment 123

Momentum Trades 124

Tomato Fields 126

Recap of the Momentum Trade 127

Trading the Moment 128

About the Authors 137

30-Day Free Trial 139

Index 141