What's your process?

Hi Kate.  I used to get caught up in a similar thinking process quite a lot (and still do).   If you were starving and there was a table filled with different types of food would you ponder which food you should try first or would you just go for it?  Every time you put a different food in your mouth you would have an idea of what you should do next.  If it was delicious and fulfilling you  have some more . If not you  try something else.  Its similar to this.

There is no best place to start studying the charts.   You just have to start somewhere ... anywhere.  You could try researching the very next GaS related topic that pops into your head.  Or watch a GaS webinar recording and research the first thing that you don't fully understand.   

Once you start then questions arise.  As you search for the answers then more questions arise.  Then an unquenchable thirst for knowledge kicks in.   It will feel like you have unlimited energy and time seems to stand still sometimes for days.  Worried friends and family check in on you because you don't care about other things anymore.    Then you end up deep, deep down a mental rabbit hole .... then there's no coming back.  You have transformed into chart nerd .... At least  thats what I hear can happen.  Are you sure you want to go there?

Great answer Nathan and good question Kate.

Notwithstanding what Nathan has said...

Here's your challenge as I see it Kate.

My assumption is that you came into the GAS process via looking over the shoulders of Sarah and a few conversations with a few others. This leads me to believe that you haven't really gone over the basic training on the importance of each indicator, what its used for and how you can use it.

Hence your question... "Now that I am aware of so many different indicators and patterns, how do I chose which ones are more important that others?"

With this in mind, I'd encourage you to go to the beginning of the videos in your membership area and study the first 10 to 12 sessions.

This will give you a good grounding in the basic foundations of what the GAS program is all about and which indicators to use.

We've added a few since then but I can catch you up on those.

Failing that...

Here's a suggestion...

1... Study the MACD

2... Study the Bollinger Bands

3... Study the RSI

4... Study the Slow Stochastic

5... Understand the difference between SMA's and EMA's

6... Study the DMI and the ADX and understand what they're telling you

7... Understand what momentum is and how you can use it to tell if a movement is just starting or just finishing.

8... Understand what "divergence" is and what it might mean.

If you get your head wrapped around this content... you'll be up to speed with all the pieces than we can work on putting them together for you.

Chart nerd lol!  🤣 

Thanks for your thoughts Nathan and Paul 👍  

Great answer Nathan, but I think one's approach depends on their personality type and training/experience.  I have an exploration personality, but I like to target my exploration at what I perceive to be the most rewarding areas.  Additionally, from my analytical experience, I see no advantage in re-inventing the wheel or spiraling out into the universe of possibilities if a handful of indicators can give me 90% of what I need, but it takes just as long again to squeeze out the remaining 10% of profit juice. If starving, I go straight for the meat, bread, spuds and trifle, because these are well-documented high energy sources. 

Hence, I think there is a best place or rather several potentially highly effective areas in which to start studying the charts...and they are the ones that Paul outlines above.  I would also add the Bollinger Band Width indicator, support/resistance/trend lines, and understanding the implications of higher/lower highs and higher/lower lows.

So, to answer the question of where I start:  at the recent webinars (for expertise) and the checklist (for potential HP profit).  I look at a weekly chart and a completely plain chart to check whether I'm dreaming or not.  I look at support/resistance opportunities, for which Bollinger Band Width is a fave of mine (as per the CMC video referred to by Paul), but you are probably best to focus on HP at your stage?

But, as Paul has said over and over, and I have personally learned from my limited trading experience, none of this will be satisfyingly profitable unless you really digest and apply the psychology required and take the steps required to ensure this happens, including mastery mentoring.

Yes great point re: individual learning and processing styles.  I'm not sure where you are going with the trifle and potatoes but sounds yummy.  I think we are saying basically the same thing ?

Thanks Alan 🙂 I guess I like to have a sort of order to how I go through the info and indicators as that's how my brain works lol. The more I practice the more it will become second nature to know what to look for   👍 

Paul - I'm loving the quick updates! Very very helpful! 

Thanks Kate... appreciate the feedback.