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Old 07-06-2005, 18:10   #127 (permalink)
pipseek
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Re: The Best Way on Forex

Hi Wolf:
I hesitate to recommend to much, I learned the charting skills I have by trying to compare brokers and charting services, as well as reading Steve Nison book on Candlesticks, the VIRT training at GFT, E-signals training, John Haydens's book on the RSI, Trading A to Z, Trading on CMSVT platform, An individual IB for CMS, attending meetings at Cornerstone in Tampa, a neighbor friend who trades futures, etc. If I had to read a book, and only a book you may reference the names Jardine, DeNapoli and some others. But, I have heard it said that these people don't always knoiw how to trade. So learn how to draw trend lines, learn static and dynamic support and resistance, learn candlesticks (just engulfing bear, dark cloud cover, evening star, Engulfing Bull, piercing line, morning star, doji, shooting star, and hammer, learn double tops and bottoms, learn a-d C-d patterns, learn head and shoulder patterns, learn market structure lows and highs, learn Learn Fibonacci (retracement and extention values), and learn Gartley 222. Then play with them for hours on a good charting demo, like CMS-VT, GFT, and some other. (I leave out some others because their charts are limited or I am not familiar with them). I am familiar with FXCM, Refco, Alaron, Saxo and was not happy with their charts at the time I was investigating them. In all, Charting is not that hard, but the minute you leave something out it will bite you.
also, get used to taking a top down approach in view chart. That is look through charts from a weekly to daily, to 4 hour, to 2 hour, to 1 hr, to 30 min, to, 15 min, to 10 min, sift. But I digress. You really need to develope your own style not mine I hope this haas been helpful, David
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