The Chart Gave Us the Clues
6 Trading Opportunities on CBA
Inside our Active Trader Program Coaching, we spent July stalking Australia’s Big 4 banks for potential trading opportunities.
One in particular caught our attention: Commonwealth Bank (ASX:CBA).
Using the W.D. Gann methodology, Swing Charts and trading rules developed by Safety in the Market founder David Bowden, our students followed CBA as it began to meet the criteria taught inside the Active Trader Program.
What followed was a trading campaign that presented six potential trading opportunities in a month.
But this example isn’t simply about finding trades.
It’s about learning how to read the story the charts are telling you – and knowing what to look for before you put your money on the line.
When you know how to read the charts, they start giving you clues. In this case, an important area of resistance became evident – helping us anticipate what could lie ahead and shape our trading as the campaign unfolded.
Using previous market ranges, we could also project a potential end point for our trades. When we have a number of these all culminating at a similar point, we call these a “cluster” – giving students an area to watch closely for signs that the move may be coming to an end.
And that’s where things got particularly interesting.
At times, an entry on the Daily Chart would have placed the trade outside the limits of our trading rules.
Rather than bend the rules or chase the market, students dropped down to the intraday charts – including the 4-hour, 1-hour and even 15-minute charts – looking for an entry that still met our criteria, and rules.
Because the aim isn’t simply to get into a trade.
It’s to find the opportunity while staying safe and keeping risk within the rules.
In this trading example, you’ll see:
✓ How we used Swing Charts to follow CBA’s market structure
✓ How W.D. Gann’s methodology helped us read the developing move
✓ How we used ranges and clustering to identify a potential area of resistance
✓ Why some Daily Chart entries were outside our acceptable limits
✓ How students used 4-hour, 1-hour and 15-minute charts to refine potential entries
✓ How the trading rules developed by our founder David Bowden helped keep risk front and centre
✓ The six trading opportunities that emerged throughout the campaign
And the result?
6 trades triggered.
5 profitable trades.
1 break-even trade.
And the trading account more than doubled over the campaign in a month.
All while following the same structured approach, risk parameters and trading rules taught inside the Active Trader Program.
Wait until you see what happened in August. 👀
This is exactly the type of practical market analysis we work through with students inside our Active Trader Program and Coaching.
It’s not about guessing what the market will do next.
It’s about learning to read the charts, build a plan and wait for the market to meet your rules.
Want to learn how to do this for yourself?
Discover the Active Trader Program and learn the structured trading methodology we’ve been teaching traders for more than 35 years.
Follow the link to learn more about the Active Trader Program.