REPETITION CREATES CONSISTENCY
In my early years as a trader, like most new traders I was searching for the ultimate trading set up. My pit fall was looking for a system that only I knew, something that would set me apart from other traders.
After some sound advice from some of the top city traders I worked with at the time I came up with the principles behind iView charts.
“Remember, charts work because people want them to work. You have to remember the self-fulfilling nature of technical analysis, if you are the only person looking at a unique set up then you simply have less odds of it working. Go with the masses, unless they are wrong, then go against them.”
From this point I set my charts up to mirror what the average trader would use. Bollinger bands, moving averages and oscillators like RSI. I discovered that I could set a frame work of what was ‘expected’ and use this to see how retail traders would be manipulated by professional traders and instructions. This first idea helped me from getting stopped out.
The second part was to refine my own signals and technical analysis strengths like Fibonacci retracements and expansions. This helped me clearly define my entry points and profit targets and stops.
Once I had combined these two elements I had the makings of a complete system. I contacted some clever tech guys in California, after $10,000’s and months of programming, iView charts was born.
iView charts takes a single market, interprets what a typical trader would look at and then adds my knowledge and experience to produce a more accurate frame work.
Is iView for you?
It’s proven that repetition in anything creates consistency. Setting up your charts and technical analysis from scratch, on every market every time takes an enormous amount of time.
iView charts instantly puts a framework on any time frame and product which makes your set up time virtually zero. This means more time for trading and more time for making money. The element of consistency comes from looking at the iView charts set up day in day out. From colour coding you will see potential buy and sell signal opportunities.
All time frame view
Here is an example of the EUR/GBP on the H1 chart
CLEARLY DEFINED TARGETS AND STOPS
This is only 1 of the many elements that iView charts offers. There are 6 other bespoke indicators you can add to your charts for confirmation, that will help you to get that all important consistency when looking at the markets.
This works in the same way as an oscillator, very much like RSI. You have colour coded confirming signals as to whether the markets are a buy or sell, or if they are building up to a breakout.
This is my favourite indicator. This draws Fibonacci retracements and expansions to give you a frame work, on any time frame, of good levels to enter and exit trades.
Grey Area Zone:
This is another oscillator that works in the opposite of iView Bias. It indicates where there is no statistical edge where typical traders will be looking for markets to be over sold or over bought. When the indicator shows grey there is the option for no action or a potential institutional push
This indicator draws on all the higher time frame points of attraction. Support and resistance. These are monthly (M1,2,3,4,5) weekly (W1,2,3,4,5) and daily (D1,2,3,4,5). This also adds support and resistance to the open candle. This is based on pivots and is for shorter term areas of interest.
This puts live data events directly into your charts. They are customisable and colour coded to show their potential impact on the markets.
The trade view is a way of combining all the information into one easy to view window. This is a powerful way to look for signals that consistently work for you to trade the markets that this set up is indicating.
iView Charts & Crypto Currencies
WHAT HAPPENS IN THE PAST, PREDICTS THE FUTURE
One of the main problems with trading Bitcoin, Ripple, Lightcoin or any other Crypto is that they are new. When trading the FX markets or indices you have years and years of past data to access. You can predict future movement based on the past.
This is how professional traders make money. They look for other people's pain and use it to make their trading calls.
As there is less data available for these products you want a system that can scan all the information that is known and tell you the most logical points where the markets will experience pain. What iView charts does is to allow you to see what I see, extreme points in the markets that will lead to traders being stopped out of positions.
Trading consistency comes from looking at the charts over and over again. I myself have many thousands of hours of charting time. You can bypass all this screen time by letting IT does it job. Making technology do all the hard work while you concentrate on what is important. Making money!
This is why you need a consistent technical analysis system that shows you Monthly data down to 5 minute data and give you all the information you need to chart and trade successfully.
Essentially iView will tell you where to think about potentially BUYING and also SELLING, remember we are trading not investing here.