[Ingot54]

Before we go too much further, I want to say that I am the originator of the Rainbow charts in the form I am using them.



and gave permission to Mr Colin Twiggs of Incredible Charts to incorporate the Rainbow Chart within the range of templates offered by Incredible Charts:



I am posting those links to try to head off claims from others who use Rainbows. If someone has used these before 2004, I would acknowledge their efforts as well, but as I was not even aware of charting and TA prior to this, I can assure you this is all my own work, created from scratch on the charting package mentioned.

This chart I am posting is an older one - not FX but of the Australian ASX200 (called the XJO locally). It shows the value of using Multiple Moving Averages to define LONG TERM trend.

Why use MMA's? And why in such a parrot-coloured array?

SPEED ... and SIMPLICITY!

It is far easier to eyeball a chart quickly when displayed in the 3-D MMA format. As you scan through your charts, it is an economy of time to be able to select candidates to trade withing seconds, as opposed to actually working out whether the trend is starting/stopping/ranging sideways.

The colours are NOT included to entertain ... they are there to help you develop an intuitive "feel" for what is and what is not suitable to carry your money.

The outstanding benefit of the MMA chart (in my view) is to give an illusion of a 3D view. Combine the colour and the 3D and you have an easily-recognisable pattern that quickly identifies trading candidates.

Later I will post a series of charts of smaller time frames, showing how to capitalise on moves within multiple TF that are congruent (moving unidirectionally = your HIGHEST probability of trading success).

Still having access difficulties to charting as I establish "Mrs Mac" as my hardware of choice, but please be patient ... I will be able to produce the charts I need soon.

Meanwhile see if you could trade this chart successfully.