William McLaren – Foundation for Successful Trading


William McLaren – Foundation for Successful Trading


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William McLaren – Foundation for Successful Trading

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The foundation analysis is divided into five chapters.

Pattern is of critical importance and is designed to give you a comprehensive understanding of the different types of trends. Our basic purpose in this business is to find the start of a trend and stay with that trend until it becomes “at risk” of completing. We must therefore have a thorough understanding of the counter trends (sell offs in an up trend and rallies in a down trend) which conform to those specific types of trends. This knowledge allows you to safely enter trends with limited risk to capital and alerts you to a possible change in trend.

Volume is the driving power behind the markets and shows whether supply and demand are increasing or decreasing. Volume can be used to confirm the significance of price levels and the termination of trends and counter trends.

Momentum can be described as the velocity of price in any given direction. Its value lies primarily through an understanding of patterns of trends.

Wave structure is the number of drives and reactions to a trend. This can be very helpful in determining when a trend is at risk of completing.

Price is an understanding of support and resistance levels. All highs and lows are exact proportions of previous movements. Using this premise you will be able to forecast specific price levels where the markets will find support and resistance.

You’ll get in your Foundations for Successful Trading Course

2 * DVDs crammed full of Bill McLaren’s 30 Plus years of Trading Knowledge

five hours of DVD instruction plus

a CD with all the Resources

a 180 page workbook plus

an 80 page Work Shop Manual