Technical Analysis; S/R, Trendlines, MA', Useful Indicators and Price Patterns (Technical Analysis; S/R, Trendlines, MA')

EAcpu | 2 reads | 0 comments | 2026-05-03

Introduction to this topic;

I'll save you some time. What I’m covering here is what works for me. It hasn't fallen on any silver spoon yet, the results I started seeing were because I sacrificed everything in my normal life. When I was younger, time was usually spent doing other things than sitting alone in a room with two gorgeous screens. A hell of a misfit. But as they say; you can’t get something for nothing.

I can't recommend anything as a substitute for the experience gained from lots of practice. By practicing a specific system and recording your trading progress, you combine two things that the infamous 95% of people most likely won't do.

Only strong motivation and a clear vision of my future (hopefully coming soon) kept me alive in this particular learning hell, because that's what Forex gave me. I wouldn't be too surprised if that's been your experience.

"Opinions based on fundamentals should not be called "analysis". Especially in the long term, since fundamentals do change over time, while technicals just continue to run according to their pre-installed programs. Therefore, analyzing current fundamentals to formulate long-term forecasts simply does not make any sense", by Igrok.

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“In predicting the future, all you have to do is recognize that supply and demand are about to become unequal.”

Technical analysis (TA) is all about increasing probability. Having said that, you will quickly understand how important it is to conserve your precious capital to ensure that you are always able to make your next trade (the extended learning curve is part of money management and good habits to develop in the first place).

Technical analysis can only present (increase) probability situations

With the right amount of practice, study, and testing (and concentration), your brain will most likely (after a few years, I think it depends on your intelligence) start to get pretty good at recognizing different patterns on the chart, just with different modifications over and over again.

The main focus of this thread is to create a practice plan (system) for the methods specified in the thread topic that you can practice on your own.

Contains this thread presented in the posted order;

Applying support and resistance , but never without the word potential .

How to draw trend lines in an efficient way. This is a method I've never seen before, thanks to Brian Marber for putting my "final" puzzle piece together with the help of his book.

Proper use of moving averages (1 month, 3 months and 1 year). I mainly use them as potential support and resistance and to alert where the price is going when I'm not clear-headed.

How to use indicators (mainly ROC and MACD) with divergence as the key word correctly.

How to practice price patterns on different occasions such as Head and Shoulders, Double Tops/Double Bottoms, Triangles, Flags (and even Diamonds, thanks to Igrok, which happens to have the only effective way to apply Diamonds that I have seen so far).

Examples of candlesticks (more known here as price action @FF) may be presented over time on this thread, closely related to the rest of the thread concept, depending on how it develops. If this happens, I will edit the details of post #1. In my different research, I have seen how good entry/exit candlesticks (pinbars on trend lines, inside bars after long bear/bull runs, etc.) can be provided along with trend lines and price patterns.

If not stated otherwise, the recommended time frame for any instance mentioned is daily. Please do not apply this to the 1 hour chart.

The charts posted in this thread are for educational purposes only. Do not take any potential setup that occurs in the future as a trading signal! In most cases, daily chart trading will display hundreds of stop losses, which should never exceed 0.5-2% of the entire account.