Trend lines are universally used by almost all traders. They are a common place for all traders to begin their technical analysis. The problem is that a trader becomes too subjective in their trend line drawing. Many traders will draw on separate occasions two totally different trend lines based on the identical information, depending on his inclination each time, thus consistency and uniformity are totally lacking. Not all trend lines are correct, in the end only one is. Throughout exhaustive research, I have arrived at an effective method to select the points essential to the proper construction of a trend line. Once learned and applied, trend line analysis is no longer subjective, it becomes completely mechanical. Trend line breakouts are precisely defined and price projections can easily be calculated.

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• Murrey Math is a trading system for all equities. This includes stocks, bonds, futures (index, commodities, and currencies), and options. The main assumption in Murrey Math is that all markets behave in the same manner (i.e. All markets are traded by a mob and hence have similar characteristics.). The Murrey Math trading system is primarily based upon the observations made by W.D. Gann in the first half of the 20′th century. While Gann was purported to be a brilliant trader in any market his techniques have been regarded as complex and difficult to implement. The great contribution of Murrey Math (T. H. Murrey) was the creation of a system of geometry that can be used to describe market price movements in time. This geometry facilitates the use of Gann’s trading techniques. Read the rest of this entry »

What Is Woodies CCI?

“Woodie” is a day trader of 25+ years experience, and is well known among traders of index futures such as the EMini S&P 500 and the EMini Nasdaq 100. His system is based on a number of patterns made by the Commodity Channel Index (CCI) indicator. It’s a little different to most indicator-based systems, and traders tend to either swear by it or swear at it, but there is no doubt that its creator trades very successfully with it day in day out.

The CCI itself is a momentum indicator. Such indicators all work in the same basic fashion – they plot the difference between a “fast” measure of price and a “slow” measure. The MACD for example, measures the difference between a fast and slow moving average. In the case of the CCI, the “fast” measure is the price itself, and the “slow” measure is a moving average. Thus when we look at the CCI, what we are actually seeing is measurement of the deviation of price from its moving average, normalised to fit on a scale of roughly -250 to +250.
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Introduction

First of all I want to thank everybody on FF for working with me, sharing thoughts and helping me with improving the system.

The major flaw in v2.0 was the whipsaw effect, this is common with al moving averages systems. I’ve tried several things to prevent this, (using rsi, macd’s and so on….) but you always have the problem that most indicators are always to late in choppy markets.

I was able to solve a bit of the problem and this is the main change of the system. The idea after it, stays the same. Using short term trend indicators and comparing them with (long) term trend indicators to predict what the future trend will be.

I must say, that this system will still generate false signals. But a heck of a lot less than v1.0

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This Expert Advisor (EA) is an automatic trading system developed for Metatrader platform and it’s derived from SuperNova trading system introduded by Cryten in ForexFactory in late Aug 2007.

Indicators requested for SuperNova EA v1.4
In order to be able to use all features available with SuperNova EA , please be sure to have installed ALL following indicators in the C:\…\Metatrader\Experts\Indicators folder:

• QQEA.mq4
• DMI.mq4
• MomentumVT.mq4
• Damiani_volatmeter v3.2.ex4
• Juice v1.2 alert.mq4
• Laguerre.mq4
• T3.mq4
• Heiken Ashi.mq4
• Parabolic SAR Color – Alert.mq4
• QQE Alert v3.ex4

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Any financial instrument that is traded on the market is a position of some active towards some currency. FOREX differs from other markets only in the fact, that another currency is used as an active. As a result in the FOREX market we always deal with the correlation of two currencies, called currency pairs.

The project that started more than a year ago, helped to develop a group of indicators under a joint name cluster indicators. Their task was to divide currency pairs into separate currencies. Since then indicators were changed several times. Moreover, the interest of users and active discussions in forums allowed to develop methods of working with indicators and create trade systems based on them.

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Lincoln (a.k.a. lwoo034 at Forexfactory.com forums)

This tutorial focuses on more advanced pin bar setups. It should only be read after the introductory tutorial as it continues the same themes and assumes some knowledge of pin bars. The source of this material consists of numerous posts by James16 (www.james16group.com) at forexfactory.com and several other members who have experimented with pin bars.

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Lincoln (a.k.a. lwoo034 at Forexfactory.com forums)

Introduction

Jim (a.k.a James16 at the Forexfactory.com forums) has taught many forexfactory.com members how to play pin bars. This instruction has been through demonstration over dozens of posts. This makes it difficult for a learner to quickly pick up key concepts and terminology. This tutorial on how to play the pin bars has been designed as a good first lesson and introduction to pin bars. It provides an explanation of the pin bars and familiarises the reader with terms used by James16 in the examples (such as ‘eyes’ for the pin bar). The Advanced Tutorial covers some higher-risk setups that may appeal to some traders. For further instruction please see the James16 Chart Thread at Forexfactory.com or the James16 private forum (www.james16group.com).

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I first started trading when I was 15. I was fond of the stockmarket, but due to my limited capital I could only buy one share. When I eventually choose the stock I wanted, It didn’t go up or down. It just kept bouncing around. In the end, I sold the stock with a 5% loss. I was still following the stockmarket, but I decided for myself I needed something more volatile with more leverage. I discovered options, futures an CfD’s. But they still were to unpredictable. Eventually, I found my holy grail: Forex. I read all what I could read about it and made some first profits. I discovered the power of something as simple as the BGX system or Vegas. I started studying these methods more closely and realized that these simple models could make you very profitable in the long run. Over time, I started to adapt the systems with my onw rules. The biggest advantage of the Sidus Method is that it is not necessary for adding extra filters. Whipsaws will occor, but less frequent. This system made my trading very profitable as it easy to understand, easy to implement and easy to find the right entry-points.

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This overview covers a very basic, but powerful reversal trading pattern. There are two versions of the pattern. The primary pattern is called a Gartley. The second pattern is a variation of the Gartley and is called a Butterfly. The Gartley pattern is named after H. M. Gartley who wrote a book in 1935 called “Profits in the Stock Market”. Pages 200-250 of his book display a library of patterns that cover all the patterns in the market ever discussed. You may have heard the phrase “Gartley 222” when referring to this pattern because the pattern is found on page 222 of H. M. Gartley’s book.

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