I got this simple yet powerful technical indicator in the forexindo.com - An Indonesian forex traders forum under the thread 'Yin Yang Technical'.
The thread starter are writing his method in an unique and funny style. He present himself as a sensei (mandarin for teacher or master) with a funny avatar.
He shared his trading perspectives and using funny yet touching parables. Wise he is and the thread followers are feeling more than happy to contribute actively.
Honestly, I have not reading all his post, however I get the big picture of his trading style and it is quite similar with the market rhythm method I used.
The indicator he shared is called SHI channel indicator which automatically draws 3 trend line and simply show definite support and resistance plus a median line. Just like other technical indicator, it is just a tip of an iceberg.
A clear understanding of price action and reaction is what he told us to master above all else.
P.S: Sensei, if you are reading this I want to say thank you for sharing your way of trade.
