Learn to read stock charts
9 units, 56 lessons and 463 exercises, a few minutes a day. You learn to recognise what is on a chart and to manage risk. Nothing is graded on predicting the future.
Settings
Progress is saved in this browser only (privacy).
1Read a candleMastered
What one candle tells you: open, close, high, low, and who won the period.
- What a candle showsPoint to open, high, low and close
- Bodies and wicksCompare body sizes
- Build a candleDraw a candle from four prices
- One candle, one periodCombine daily candles into a weekly candle
- Reading a run of candlesDescribe who is in control over several candles
- Checkpoint12 mixed exercises, pass at 85%. Passing it unlocks the next unit.
2Candle patternsMastered
The one-, two- and three-candle shapes traders name, and why context decides what they mean.
- DojiSpot a doji
- Hammer and hanging manSpot a hammer after a fall
- Shooting star and inverted hammerSpot a long upper wick after a rise or a fall
- Engulfing patternsSpot bullish and bearish engulfing
- Harami and inside barsSpot a small body inside the previous one
- Morning star and evening starSpot a three-candle turn
- Piercing line and dark cloud coverSpot a close past the middle of the previous body
- Three white soldiers and three black crowsSpot three strong candles in a row
- Context mattersReject a pattern that appears without the trend it needs
- Checkpoint12 mixed exercises, pass at 85%. Passing it unlocks the next unit.
3Chart patternsMastered
Shapes drawn by many candles: tops, bottoms, flags, triangles and cups.
- Swing highs and swing lowsTap the pivots of a chart
- Double top and double bottomSpot two tests of the same level
- Head and shouldersSpot the three peaks
- Flags and pennantsSpot a pause after a sharp move
- TrianglesTell ascending, descending and symmetrical triangles apart
- Rising and falling wedgesSpot converging lines that slope the same way
- Cup and handleSpot the rounded base and the handle
- When patterns failRead a failed breakout
- Checkpoint12 mixed exercises, pass at 85%. Passing it unlocks the next unit.
4Support and resistanceMastered
Price levels where buying or selling keeps showing up, and how to use them to place risk.
- SupportDrag a line to support
- ResistanceDrag a line to resistance
- Zones, not linesCount the touches of a zone
- When resistance becomes supportSpot a broken level being retested
- Breakouts and fakeoutsTell a close beyond a level from a wick through it
- Stops beyond levelsPlace a stop just beyond support
- Checkpoint12 mixed exercises, pass at 85%. Passing it unlocks the next unit.
5TrendsMastered
Higher highs, higher lows and the lines that show them.
- Higher highs, higher lowsClassify up, down or sideways
- TrendlinesDraw a line through at least two lows without cutting candles
- ChannelsAdd the parallel line
- When a trend breaksSpot the first lower low
- Trends on different timeframesRead a daily and a weekly trend together
- Checkpoint12 mixed exercises, pass at 85%. Passing it unlocks the next unit.
6VolumeMastered
How many shares traded, and what it adds to the price story.
7IndicatorsMastered
Moving averages, RSI, MACD and Bollinger Bands: what they compute, and why they lag.
- Moving averagesCompute a 5-period SMA
- EMA and SMATell which line reacts faster
- RSIRead overbought and oversold without treating them as orders
- MACDRead the MACD line, signal and histogram
- Bollinger BandsRead band width and touches
- DivergenceSpot price and indicator disagreeing
- Why indicators lagExplain what an indicator can and cannot tell you
- Checkpoint12 mixed exercises, pass at 85%. Passing it unlocks the next unit.
8RiskMastered
The part that decides whether you stay in the game: risk per trade, stops, size and the math of losing streaks.
- Risk per tradeCompute 1% of an account
- Position sizeCompute shares from risk and stop distance
- Placing a stop-lossPlace a stop where the idea is wrong
- Risk/rewardPlace a target at 2R
- Win rate and expectancyCompute expectancy from win rate and average win and loss
- Losing streaksCompute the drawdown after a run of losses
- Pips and leverageCompute a pip value
- A plan before the tradeOrder the steps of a trade plan
- Checkpoint12 mixed exercises, pass at 85%. Passing it unlocks the next unit.
9ReplayMastered
Practise on a chart that unfolds bar by bar. You are graded on following your plan, never on guessing the future.
Lessons unlock in order: pass a lesson (80% right on the first try) to open the next one, and pass a unit's checkpoint (85%) to open the next unit. Every lesson stays open if you want to jump ahead.