October 22, 2012

Yin Yang Technical Analysis

Yin Yang Technical Analysis

SHI Channel Indicator

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.

funny animated 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. 
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About ArrowFX

Technically analyze the forex market mainly on USDJPY, EURUSD and GBPUSD by using market rhythm method started by Philip Nel on Forex Factory. The thread started on 2007 and still alive.
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