Chris Svorcik, the co-founder of Elite CurrenSea, has completed his first ebook called “360 Degree Method for Trading and Analysing Price Patterns & Market Structure.” The 500+ page guide discusses all the ins and outs of technical analysis. It includes parts on support & resistance, trend & momentum, and patterns.
The guide also includes a full explanation of how to trade with moving averages, Fibonacci, Fractals, and the SWAT method. The ebook is available at an affordable 24.95 euro. It is an addition to the recently released SWAT 2.0 course and method (SWAT stands for Simple Wave Analysis and Trading).
The guide places emphasis on a practical approach (98%) with plenty of charts and examples. It includes two huge case studies that discuss analysing the charts from A to Z. The SWAT guide offers a 360 degree view on charting and analysis. But it also discusses how to trade that analysis.
The guide is suitable for traders of all experience levels because it explains concepts step by step from the very start. This makes it digestible for beginners. But it also provides an in-depth analysis of complex issues, which makes it appealing for intermediate and advanced traders too. The SWAT guide will help all types of traders: long-term position traders, swing traders, intra-week traders, intra-day traders, and swing scalp traders but not scalping. The ebook is especially useful for Elliott Wave traders, pattern traders, chart pattern traders, moving average, Fibonacci, and Fractal traders.
Chris Svorcik explained the importance of the SWAT guide as follows: “Trading is more complex than just knowing how to use a pinbar candlestick for instance. Traders often try to trade the price charts with just a few simple tools, but it is not enough information to really understand the price movements. Analysing the charts is like learning a language. The more words you know, the more you will be able to understand and communicate in that language. Price charts are the same.”
To truly understand the price charts, Chris explains that traders should learn to understand price swings, chart patterns, and waves. More importantly, it explains how to simplify both the process of identifying patterns and trading them. This allows them to use the charts like a road map for price. With a simple yet deep way of doing technical analysis based on the SWAT methods, traders can make an educated assumption about the expected price path and likely trades.
The ebook is divided into 13 chapters for a total of 581 pages. The bolded chapters are considered to be the main parts of the ebook:
- Chapter 1: Introduction
- Chapter 2: Our View on Fundamentals
- Chapter 3: Price Action and the Path of Least Resistance
- Chapter 4: Support & Resistance
- Chapter 5: Patterns and Triangle of Analysis
- Chapter 6: Making a Coherent Analysis
- Chapter 7: SWAT Method and Moving Averages
- Chapter 8: SWAT Method from A to Z
- Chapter 9: Ultima: Automated Trading System
- Chapter 10: Decision Zones and Triggers
- Chapter 11: Deeper Market Thoughts
- Chapter 12: Risk Management
Chapter 13: Trading PsychologyThe charts are also communicating information to us traders with every single candle. It is up to traders to learn the charting language sufficiently. The ecs.SWAT approach helps traders reach that goal.
Pinbars are a useful piece of information but will rarely bring success on its own. This is not enough information to gain an in-depth understanding of the market structure and price charts. Trading is not that easy.
How can you measure the road map and price path?
With moving averages, traders can estimate price swings, chart patterns, and wave patterns in a more precise and quicker way. Together with Fractals, Fibonacci, and other proprietary tools and indicators, we built the ecs.SWAT method that shows traders the expected price path in a simple way.
. But it is more than just waves, it’s about understanding the charts and the expected price path. Most traders struggle to recognize a price swing, a wave, and the bigger price movements.
The ecs.SWAT book is most focused on practical solutions (98%). We show traders a systematic way of identifying one price swing. We explain how to identify impulsive and corrective price swings, how to spot chart patterns, the trend direction, and S&R. But we also show some theory (2%) as well where we explain how patterns repeat throughout time, with all instruments, and on all time frames because the market is fractal in nature. Candles and price swings are like pieces of Lego as they build up to something larger.