Di Napoli's template

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Overview:

DiNapoli is a master trader who has written a book named ' trading with DiNapoli's levels'. Although he did not trade forex, his methods and indicators and fantastic use of Fibonacci and target profits is well known.

Chart:

The indicators used in chart are

1. displaced moving averages 3 and 25

2.fibonacci profit targets considering the trend, momentum and oscillator

3. MACD as a trend indicator

4. modified stochastics as a momentum indicator

5. detrend oscillator for oversold and overbought conditions

Trade rules:


1. use 1 hr or 4 hr charts after considering ling-term charts

2.identify the trend using MACD and DMA and level of price.

3. look for the chance to enter when the stochastics are aligned with the trend direction

4.look at detrend oscillator to decide about enrty-- avoid long in overbought and avoid short in oversold codition

5. decide entry point ffrom fibonacci profit targets and place take profir at the various levels on the chart shown by various lines.

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WELCOME FOREX TRADERS!!

This blog is a compilation of the forex chart templates showing various strategies, tricks and templates for technical analysis, fundamental analysis and various other techniques. The chart templates have been compiled from various forex forums and loaded on metatrader-4 platform which is an open source platform for forex traders with various cutom made indicators and templates. For each template, the files will be uploaded containing template files and indicator files and trading rules explained briefly. For detailed analysis, a web link is suggested for the same. You are free to downlaod the templates and add your comments for the same.