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Forum - Shadow Island    All Nyse, Nasdaq, Amex and Otcbb, no pinks please.

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From: 10x (Rep: 75)Date: 03/01/2010 17:23
Forum: Shadow Island - Msg #23Thread #672921403 (Rec: 0)
The 2 previous posts with the training videos may seem quite simple to many of you.
You need to form a foundation for your trading and the 77 informed trades videos, and
then these added to that should give you all a strong foundation to build on.
Allowing stagnation (consolidation) before entering a trade with new HOD or LOD was
the single most important information I got out of these. I have since used this info with
very good success.
Don't over complicate you trading. You should enjoy your time trading. You don't need
charts with 10 or more indicators,
Price action in conjunction with volume are most important, Add stochostics, RSI,
(Rel strength indicator), MFI (money flow), ADX , Macd, and RMI (rel momentum),
are what most successful traders use. I know there are others, but the data shows that
the above mentioned are the most used and most accurate.
I use Candle charts in multiple time frames, along with Vol and Stochastics. I do check
the other indicators if there is time, but the basic 3 are in my opinion, the main ones.



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