Don`t read this thread..Make Money with it.

[SIMBA]

[clahn04]

looking forward to it...

cl

[RickW00716]

Sounds great!!

I'm ready!

[thirdsector]

Let's hear it!

Always great to have a willing teacher - I will be reviewing this thread regularly.

Simba - will you be incorporating what you learned on digital filters as well? I am not a programmer and the discussion on digital filters (last time I checked....) was a bit over my head. Still, I am always willing to learn if results pan out from specific uses of those indicators.

Thanks,

simon

[mpower]

right on

Always interested in what good ole Simba has to say:-)

Will be watching this with interest. In the meantime will buy the book as well.

[SIMBA]

[mpower]

Thanks Simba

Thank you very much for the info. I looked through the contents and it really has all the info(and more) that I am interested in. I ordered the book, but it will take probably a week to get it.

Anyways, it will be interesting to see how we can apply those to FX.

[prasxz]

hi

Thanks Simba for your information ...most profitable system is pattern recognition like Suri did ..I think one of his indicator is ZUP ...

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Forex Indicators Collection

[SIMBA]

[SIMBA]

Dragon

1-mpower and prasxz:Thanks for your kind comments and for your kind words,hope that you can be interested enough in the patterns to contribute your usual trading wisdom.

PATTERN: DRAGON

What constitutes a Dragon?..check pic,a Dragon is basically defined by 1,2,3,4...very similar to a w bottom or to a double bottom with different trading rules and targets

Rules for a Dragon:

1-head

2-first leg

3-hump

4-second leg

A-SECOND LEG..34 can be anything between 0.618 to 1.27 of first leg 23..THOUGH IT IS BETTER IF THERE IS NO MORE THAN 10% DIFFERENCE between the legs

B-HUMP height 23 MUST be 0.38 to 0.5 of distance from head to first leg 12

So,first thing we do when we think we have a Dragon is to draw fib retracements for 12 and see if 23 is between 38% and 50% of 12..and then we check that 34 is between 0.618 and 1.27 of 23...once we have a Dragon we go to our rulebook(next post) to check how to trade it

[SIMBA]

Dragon:rules

Dragons work in all timeframes and in all types of trading instruments.

ENTRY1:ONCE second leg is confirmed(4)...DRAW TRENDLINE from head(1) to Hump(3)..I prefer to draw it as neat as possible,with no outside points until 4 is formed,but really there isn`t much difference if we draw it straight trough the hump..remember,until 4 is not formed we don`t have the pattern...ENTRY is done when prices CLOSE above the trend line.

ENTRY2:when prices CLOSE above the HUMP level(3)

STOP:a few ticks below the lowest of the 2 legs,in this case,below 2

TARGETS:1-127% OF the second leg range

2-A previous swing high point

3-at or near the head level 1

You can chose,entry1,2 or both ,splitting your order size in 2...though I personally prefer 1

You can chose any of the targets,by themselves (close 100% of the position at a target level)or as a combo...though I personally use my common sense and if there is a previous swing high located near the 127% point..I chose that area as target area and,when there,I micromanage.

Will try to pick some Dragon in a smaller tf so that I can show you actual trades and my reasoning behind them..or if you find any please feel free to post it here.