This book is not just another technical analysis textbook. It'll lead the readers into a new dimension of technical analysis that you would not find in other books. The author, William Chan, discusses his charting style involving pivotal technical studies/indicators to build a comprehensive analysis that can readily be used for trading. Unlike others, Bill's technical analysis approach serves to uncover two fundamental precepts. First, the charting style engages dynamic channels to cope with today's algorithmic trading impacts. Second, the charting style, when mastered and abided by, can bring forth a systematic list cataloging all potential hidden risks visually. Whereby, investors can steer away from them in their investment decision making.

The book illustrates how risk mitigation is the identification of support/resistance. The charting scheme employs key technical studies/indicators working side by side to expose all the hidden risks. Readers will be amazed by the amount of risks that this methodology reveals in a single stock chart. One may feel this work is unnecessary. The fact remains that traders are subjected to ALL legitimate risks whether they are clearly identified on a stock chart or not. As we can't possibly keep track of all those potential risks, it still makes sense to characterize them - minimizing any shock to the investors' bottom line unexpectedly. Moreover, it is not uncommon even for seasoned traders to make wrong investment decisions simply because they fail to identify those hidden supports/resistances either due to ignorance or otherwise.

A price chart inherently bears full of traps that investors can fall into. This book expounds on what those risks are and how to deal with them through analysis.

Many investors feel program trading is based on some mysterious programming logic. Can anyone explain why statistics finds its way into technical analysis tools? This book substantiates evidence of two statistical charting studies - standard deviation channel and linear regression channel - with continuous computation, embedded in every stock chart. They, therefore, form the basis of our underlined technical analysis.

The author vindicates why some traditional technical analysis techniques are not effective in a digital market and how private investors must act and adopt in order to be profitable.

This book demonstrates the effectiveness of the unpopular intraday charts on how they can be utilized to improve a trader's precise timing in trade execution.

Having covered the various essential charting techniques and features, the author delineates how the finished product can enable one to identify profit opportunities on stock charts, provided that he/she can locate the active trend accurately and conduct the analysis adhering to the guidelines cited in the book.