Toni Hansen - NoIndiatorsNecessary - New2014

NO INDICATORS NECESSARY:
HOW TO UNDERSTAND AND PROFIT

FROM PURE PRICE ACTION
By Toni Hansen
Copyright 2014 © Toni Hansen & The Bastiat Group, Inc. All rights reserved.
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Disclaimer and Terms of Use:
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Trading in securities may not be suitable for all individuals. The Bastiat Group, Inc. and its
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Indemnities") assume no responsibility or liability for your trading and investment results.
Prior to the execution of any securities trade, you should always consult with your broker or
other financial advisor. There is a very high degree of risk involved in trading securities. Past
results are not indicative of future returns.
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CLASS OBJECTIVES
HOW TO UNDERSTAND AND PROFIT FROM PURE PRICE ACTION
 Develop an understanding of the ebb and

flow of price action in the market
 Learn the basics of Toni’s key Building
Blocks of Price Development™
 Learn to differentiate between similar
strategies with very different risk/reward
ratios
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WHAT IS PURE PRICE ACTION?
Line on close chart
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VISUALIZING PRICE ACTION
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CANDLESTICK CHARTS
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READING PURE PRICE ACTION
In order to read the charts without the
assistance of any indicators, you must
have a solid understanding of Toni’s
Building Blocks of Price
Development™
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TONI’S BUILDING BLOCKS
 Momentum
 Support & Resistance
 Trend Placement
 Time Development
 Volume
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MOMENTUM
The momentum of a price move is the rate of change
in a security’s price over time as compared to not only
the average move, but also the most recent one
preceding it.
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TIP FOR MEASURING MOMO
Transect the trend move instead of
connecting highs and lows.
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“Wayward” ticks or extreme 1-2 bar moves
within the larger wave of price action (aka
“tails”) should not be factored into the
momentum line, but can indicate the
breakout direction from a trading channel
(usually the opposite direction).
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TAILS IN A CHANNEL
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Give more weight to the most recent
segment of the trading channel.
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VISUALIZING MOMENTUM
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VISUALIZING MOMENTUM
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SUPPORT & RESISTANCE
Support & Resistance levels are price zones in
the market where a security is liable to react in
some manner that affects the trend which is in
play as the support or resistance level hits.
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TREND DEVELOPMENT
Trends are the primary direction of price
movement at any given time. They are fractal
in nature, so smaller trends exist within larger
ones.
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TREND DEVELOPMENT
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TREND DEVELOPMENT
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TIME DEVELOPMENT
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TIME DEVELOPMENT
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TIME DEVELOPMENT
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“TYPICAL” TRENDS
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TYPICAL TRENDS
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TYPICAL TRENDS
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TYPICAL TRENDS
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CONGESTIVE TRENDS
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VOLUME
Volume is a measure of the number of shares
or contracts that exchange hands in a given
time period. It is instrumental in representing
the level of emotional commitment of market
participants.
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VOLUME
In many popular patterns, a decline during the
development of the trading strategy is ideal,
but many traders wait for volume to increase
to confirm… This is typically NOT a good idea!
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VOLUME & MOMENTUM
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POPULAR STRATEGIES
 Two-wave Reversals and Breakouts
 Head & Shoulders
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THE 2-WAVE CORRECTION: PIVOT
2007
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THE PIVOT
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TWO-WAVES IN MANY FORMS
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TWO-WAVES IN MANY FORMS
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EBB & FLOW OF PRICE ACTION
While traditional market analysis breaks down
price action into a number of specific and
easily recognizable patterns, it is imperative to
think in terms of the big picture and realize
that the market is one fluid entity.
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STRATEGIES IN THE BIG PICTURE
equal move target
uptrend
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INVERSE HEAD & SHOULDERS
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THE FLUID MARKET
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MULTIPLE TIME FRAMES
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THE FLUID MARKET
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PROS AND CONS…
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PROS AND CONS…
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A BETTER TRADE
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A BETTER TRADE
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A BETTER TRADE
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A BETTER TRADE
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THE AVALANCHE
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RISK/REWARD ADJUSTMENTS
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CLASS OBJECTIVES
 Learn the key Building Blocks of
Price Development™
 Develop an understanding of the
ebb and flow of market moves
 Learn to differentiate between
similar strategies with very
different risk/reward ratios
ToniHansen.com
NO INDICATORS NECESSARY
How to Understand and Profit from
Pure Price Action
$197 $79
Attendees only
www.tonihansen.com
/noindicators
By Toni Hansen

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NO INDICATORS NECESSARY:

HOW TO UNDERSTAND AND PROFIT

 Develop an understanding of the ebb and

Line on close chart

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