From my own experience is that it is something that you can learn on your own as well because once you keep looking at, for me last time when I was working as a chartist, I look at hundreds of charts every day.

Every day I look at those hundreds of charts. I am constantly drawing the lines and seeing how the prices are moving relative to those lines.

So can you imagine over time all this information that keep going into my mind, my eyes, into my brain on a daily basis and I keep adjusting the line and I see how the price move, do you realize that over time it would naturally build an instinct into you about the likelihood of how things are moving from there.

And that’s where it gives you the confidence. Because you have done it long enough, it gives you the confidence to do that.

So long answer short, there is no shortcut.

You just got to keep practising.

If discretionary chart trading is what fits your worldview and what you want to apply on.

But it definitely can be done. I don’t think it requires superpower brain in order to do that.

Looking at patterns is one of the most basic ability of most humans anyway. So I think it’s just a matter of spending the effort to do it

Interested to receive mentorship opportunities like this with Philip?

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Philip Teo

Founder & CEO at Traderwave Pte Ltd
Philip Teo is an entrepreneur, speaker and trading coach who specialises in the field of Technical Analysis of the financial markets. He is currently the Founder and CEO of Traderwave Pte Ltd, a financial technology company that offers a web charting application to global traders. He has conducted many trading seminars and appeared on national television before. He is also currently an official speaker and trainer with SGX Academy. Learn more about him at his Google+ Profile, LinkedIn Profile and Facebook Profile

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