I will start by posting some screen shots to hlep new traders understand techinical trading and help them to use the basic tools for trading, later if there is time I will make a small video files to show how to read the charts and make a trade decision.

Techincal traders has different approaches but they all use the same tools, we will use as less indicators as possible.

If you have a good setup and would like to share it then this is the place.


It does not matter if you don't understand the charts from the start I know I have too many lines and too many colors, later I hope in the video I will show which is which, now try to learn from the notes I place on the charts
for the record I mainly use
- Bolinger bands
- Feb levels
- Trend lines
and sometimes some other basice tools like moving average and later we will use some indicators

I hold two master degrees in Eng. but that does not make me a good teacher, I know my self, so if you don't understand what I am doing let me know I will try to explain...

I can see the start of head and shoulders on all the jap pairs, now we can see the head has already finished, if we see another shoulder next week then, it should be the start for another down move on all the JAP pairs...

This is NOT a recomendation to trade, this is an area to share ideas and learn

later on the video file ( when I have time ) I will explain why I was 100% sure that the JAP pairs were to go down, no majic tricks simply looking at the history of the JAP pairs ... and I always start from the monthly chart and go down to the 15 min.... , there are level that has to be respected and that we are 90% sure that the price will bounce on these levels.

Attached Files

HD.pdf (57.8 KB, 242 views)

this is a future order on US/JAP , i will wait for this pair to retrace back from the bolinger bands and form the other shoulder

It does not seem that this pair wants to wait to form the other shoulder, but lets see what will happen next week, I would expect this pair to stay for a while around 117.30, if we saw the next shoulder next week then it would be great, I placed a future order in the middle ... just to see what will happen
and placed my target just before the 61.8 feb level on the current trend and the 23.6 from the previous trend.

This is not a recomendation to trade this is for education only, you can try this on a demo account ....
I will talk about other pairs when I have the chance to do that
---
I moved the future order to 117.30
--
its quite funny whenever I said the JAP pairs are going down, just 10 or 20 min later the pairs starts to go down, it happened like 3 times already on forex-tsd.com, I still hope this pair will rebounce from the bolinger band and go up a little to 117.30 so I can fill my future sell order ... lets see maybe how lucky I am

Note the yellow thick line down on the screen that would be the monthly trend line we will talk about it later ... but its an important level

Attached Files

HD.pdf (36.9 KB, 96 views)

Bonjour,
the USJAP did bounce back from the Boilnger band and I was only few pips away from getting my order executed, but no luck.

we have now the other shoulder .... sooner than I expected and we are about to reach the target I placed, so everything went as planned excpet we have no order.

That was for the USJAP and we still have other JAP pairs that the shoulder did not form yet, maybe next week or we will find another trade on a nother pair!

I will cancel the pending order now and wait for another good chance, but that will be next week as I need to go to work now.

If you are a new trader and you have no idea what I am doing don't worry its like learning pool you think its easy but there are lots of tricks you don't learn till you see.
I hope in this thread I will come a cross some of these tricks, we already talked about head and shoulder so you should know what is H&D and I gave an example, we talked about bouncing from bolinger band which is whenever the candles reach the band sides they bounce back inside... so these are two important rules you should know by now.


Maybe for a homework try to see the Head and shoulder on AUD/JAP -- EU/JAP --NZ/JAP --GB/JAP on these pairs we did not see the second shoulder yet ... if you can post a screen shot and show what you understand as H&D it would be great....

Attached Files

HD.pdf (38.8 KB, 67 views)

Hi NiniMe... I was reading DIN pages... ISAKAS ashi by Kuskus_Osentogg... and I see t6hat Kuskus and you are mostly manual traders... that's great because this is how I want to start as well...

Last year Kuskus started with his method... then evolved to an other format... and now is working on his IsakasCS... I would like to use Kuskus's setups, but... if he is still searching, it means what was in the past is not working... and Kuskus is considered to be one of the TOP brains on this forum - a great contributor to DIN...

So what I see, forex as a big wall that is facing me and I am not sure how to tackle it...

MiniMe, you have participated in many discussions... have learn quite a lot... would you be able to give me a basic setup that I could start with and start to make my next steps...?

I am "would be" swing trader... intra day / day setups... going from D1, down to H4, H1, M30, M15 to establish the trend... and M5 to sharpen the entries...

I will also ask Kuskus for advise... there is now so many different versions / combinations of indicators to use with Kuskus that I am not sure which one to use...

Also, there was a comment by European that he is using Woodies CCI quite successfully... nobody replied to him though... I will check that as well...

Thanks.

__________________
"Nothing is obtained simply by wanting and nothing is achieved by relinquishing responsibility to higher authority. Belief is the act of be-living, for to be-live is to believe, and will - is the ultimate medium of the self" - Enki: 4500 BC

This email from work
it looks like we have the small head on the GBPJAP, it could be the market is moving side ways, but i will take this risk and place a small order of 0.1 lot my target just above the 50 Fib level and SL 227.80 ( I hate stop loss )

later we will talk about money menegment and stoploss and take profit ... too much to talk about

Attached Files

HD.pdf (31.2 KB, 59 views)

First thing is first, read this post
The top tenets of mechanical trading
its one of my fav.

You have to learn how to trade manuly before using any EA ... I will help you with the setup now I am at work so I will write to you when I am back home in the weekend.

Zeman is still doing great job with candle pattern and we will talk about them also here but they are best on 4H and more.
DIN and ISAKAS are great but so far I make more money and I lose less trading only manuly.

I am planning to make two video files one to show the basic setup for the my trades, and the other one is to help the trader establish trust in his trades.

later I will come a cross different trading techniques, but I will keep things simple. for everybody to understand.

hi minime,

Thanks for share your great lesson here...yes just keep it simple ...hope to see you make profitable system with default indicator ....

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Forex Indicators Collection

I sometimes use lots of indicators on some charts mainly to monitor them and filter which is best and sometimes to test a strategy... here i will not use too many indicators I will keep it simple and when I use one I will put the original source and where i get the indicator from.

I found a very a good site by chance today, that will be a good start for new traders to read and see some of the parrterns I am using here
http://www.leavittbrothers.com/education/

what i will do is try to give some live examples, if I found another good site I will post it, babypips.com is another good site and this site has lots of forex books
http://my.hn8868.com/forex/