4x Made Easy Charts Red Line/Green Line

[ddreyfuss]

I am watching Sunil's Basic Chart Reading video. He shows all his example charts from 4x Made Easy, and they have what look something like fast and slow stochastic lines on them or maybe a price and a moving average or ???? What are the two lines? These don't look like any price chart that I am familiar with!

David

[Ricky Tse]

I am watching Sunil's Basic Chart Reading video. He shows all his example charts from 4x Made Easy, and they have what look something like fast and slow stochastic lines on them or maybe a price and a moving average or ???? What are the two lines? These don't look like any price chart that I am familiar with!

David

Hi David,

I have also watched the video. Here are what I know:
1. The video was taped on August 19, 2008. That was before Joe and Brett met up to start OU FOREX Trader. Also, the training was done by one of Joe's student, Meherban Faroogh. As Joe has mentioned, he was in a special niche market prior to teaming up with OU to go national/global. That niche market was helping Wizetrade (i.e. 4x Made Easy) users to be successful trading in the FOREX market.

2. Joe has transferred a lot of his previous trainings to the OU website. You have watched one of the archived training.

3. Sunil has done a training today (Friday, April 24th, 2009) on "Understanding the basics of price trend and applying Fibonacci ratios in a simple way". I have not yet viewed the training but I assume that Sunil has covered how to identify a trend... Lower lows, Lower highs - downtrend; Higher highs, Higher lows - uptrend or sideway ranging market.

4. You don't need to have Wizetrade for using this OU service.

5. The red and green lines are the only indicator that Wizetrade products use to show whether buyer or seller is in control of the market. Wizetrade called it the pressure chart and so you are right that it is not price chart. Those 2 lines are not stochastic. They are similar to the moving averages but not exactly the same. Wizetrade uses a propritary formula to create the red and green lines and its customer pay a monthly data feed to use the product. Wizetrade software is best used for identifying and trading in a trending market.

6. FOREX Joe is proud to teach students to trade in any market conditions and that means we can trade and be profitable in a trending or ranging/choppy markets. He provides Bias and Key numbers so that we can use it to prepare trade plans every day in trading either bounces or breakout at support and resistance levels.

7. If there is an area of technical analysis you want to learn, we can request for it. Since the beginning of the service, Sunil has been providing the technical chart reading skills.

Hope that answers your question. I am also a customer who has just signed up for the service last month.

FOREX Joe: Are there anything you would like to add?

Thanks,
Ricky Tse - stalking E, P, S, Y