It is time equip your trading system like the pros use!
We divide indicators into 3 categories: 1. Leading Indicators, 2. Lagging Indicators, 3. Plain Vanilla. Each category possesses its own strengths and weakness. We need all 3 categories but they are required in different types of analysis, which I will briefly describe below.
Leading Indicators
I have been known to complain that I do not wish to learn too much about the history of trades which I missed. That is not to say that I do not wish to learn how not to miss those trades in the future. But, my preference is to solicit advisory on trades that are setting up and to develop skill to attack those trades before it is too late to enter, or, learn how to act on the 2nd chance! 2nd chance trades occur quite regularly! Fact is, in 80% of instances a falling price, unlike a falling rock, reverts, retraces, etc., giving traders a 2nd chance to enter. This entry may not be a great an entry as the first; however, they are many times so good that traders can pick up 75% of the move once they have built their own "trader savvy"! We cannot teach trader savvy. That is a trait that must be learned on ones own! But we can teach traders how to use tools, that, together with a lot of practice, to develop indications for identifying high probability trades. So, one of my favorite tools is leading indicators. There are dozens; however, after much experience, trial and error, we have narrowed our favorites down to under a half dozen.
Lagging Indicators
Lagging indicators are good too! You must use lagging indicators in concert with leading indicators. There are dozens of these also and we have narrow down our favorites to less than a dozen.
Plain Vanilla
Just analyzing plain vanilla candles is indicator enough for the very experienced, "savvy trader!" Our Intermediate and Advanced courses teach traders how to successfully apply all our favorite indicators. The analysis of Japanese Candlesticks was brought to the Western World by Steve Nison in original big red book during the early 1990's, just prior to the advent of the World Wide Web in 1996. His new book, Japanese Candlestick Charting Techniques, Second Edition, available from Amazon by clicking on highlighted link will provide you all you need to start studying; however, our courses boil down the research to just the right stuff to make you a star.
So, buried within this website there is a gold mine, we are confident you know that already; however, you Mom or Dad may not. So, share the word. We are here to help. Too many people say, well if he is giving away all this free info, what is his motive? Well, the simple truth is: Trading is a lonely business! We offer you help to entertain ourselves by giving some of what we have learned while successfully trading the financial markets.
We make money trading every day but we do not trade all the time. Trading life is like a fighter pilot's . . . fly off to strike a target. Preparation may be a 24 hour endurance run while the actual mission takes less that a minute! It is getting to target accurately and getting home safely . . . with bucks in the bank that makes it all worthwhile. We need something to do the other 23 hours and 59 minutes a day. That's why we offer our help to you. [repeat, deliberate]
