Part I

Chapter 1. Trend definition in the Masterforex-V Trading System

1.1 New trend definition from the Masterforex-V trading system

1.2 Criteria and elements of trend, as divisions of faultless gaining profit by trader

1.3 Criticism of classic definition of trend by Charles Dow and negative consequences for traders of the outstanding elements of the trend theory by Charles Dow

1.4 Trend definition in manuals of Murphy, Shwager, Elder, Larry Williams, Cornelius Luka, Eric Naiman. Advantages and disadvantages of classical technical analysis of trend for the professional trader's activity.

1.5 General conclusions on the trend by Masterforex-V trading system: start and completion points of trend, nature of trend behavior, placing stops for orders (suspended orders for position lock)

1.6 Tips from the Masterforex-V trading system: trend correction or reversal of trend (opening of position by trader under previous or new trend)
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Chapter 2. Levels of resistance and support in Masterforex-V Trading System

2.1 Role of the resistance and support levels in successful trading at the Forex market

2.2 Classic technical analysis on the Forex resistance and support levels

2.3 Common and distinctive features on technical levels of resistance and support in manuals by Alexander Elder, John J Murphy, Demark, L. Borselino, Eric Naiman, Edwin Lefevre, Shwager, etc.

2.4 Variations of technical resistance and support levels in classic technical analysis (horizontal levels, inclined levels, inclined-horizontal, levels of moving averages, "round figures", etc.)

2.5 Criticism of classical technical analysis in definition of resistance and support levels

2.6 Testing and practical inconsistency of classical technical analysis in definition of resistance and support levels

2.7 Examples of mistakes in definition of resistance and support levels by leading analytics of broker companies and Forex Brokers

2.8 Examples of definition of resistance and support levels by attendants of Masterforex-V Trading Academy

2.9 Levels of resistance and support in the Masterforex-V trading system

-  Levels of resistance and support of flat and trend

-  Correlation of the resistance and support levels of different types of trends (timeframes) between each other

-  Correlation of the resistance and support levels of several currency pairs within the boundaries of one timeframe

-  Role of small timeframes and their levels of support and resistance

-  Synthesis of the Masterforex-V trading system with the works of Demark, Elder, Luka, Williams, Naiman, Murphy, Shwager
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Chapter 3. Actual and false breakout of the resistance and support level. Rebound from technical level.

3.1 Core of a problem of actual and false breakout of levels of support and resistance for successful trading at the Forex market

3.2 Two types of breakout of resistance and support levels: actual (true) and false

3.3 Rules of trader's response during breakout of the resistance and support levels

3.4 Difference between true and false breakout of technical level by classics of technical analysis - Elder, Demark, Shwager, Murphy, Borselino, Luka, Connors, L. Rakshy, Chand, Catz, McKormick, Naiman

3.5 Disadvantages of classical technical analysis of true and false breakout of the Forex technical levels - roots of traders- mistakes

3.6 Tips from the Masterforex-V trading system on differences between the actual and false breakout levels of support and resistance
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Chapter 4. Technical levels of Forex by Dow Jones agency.

4.1 Levels of resistance and support by Dow Jones agency - daily prompting for the Forex newbies.

4.2 Advantages of technical analysis of the Forex markets by Rudolf Axel. Or, why some of Dealing Centers hide away those daily levels of resistance and support from their traders

4.3 Disadvantages of technical levels of Forex by Dow Jones agency and their resolution under the Masterforex-V trading system
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Chapter 5. Pivot point of currency pairs

5.1 Pivot point of currency pairs

5.2 Classic method for pivot points and resistance and support levels

5.3 Disadvantages of the classic Pivot Points techniques

5.4 Pivot Points in the Masterforex-V trading system

5.5 Examples of Pivot Points definitions as per material of the Masterforex-V Trading Academy and their role in successful trading
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Chapter 6. Slanted Channels, as a tool of the Forex market analysis

6.1 Meaning of Slanted Channels for definition of the trend direction

6.2 Techniques for construction of Slanted Channels by classics of the trading Technical Analysis - Murphy, Demark, Shwager, Thomas Hartley, Luka, Naiman, Victor Borishpotz

Chapter 7. Opening of positions when using Slanted Channels

7.1 The positions opening and closing tactics, when working INSIDE the slanted channels, (bounce from the level slanted channels) and for the BREAKOUT level of slanted channels

7.2 The positions opening and closing points in slanted channels by classics of technical analysis - John J Murphy, Naiman, Demark, Shwager, LeBau, Lukañ, Borishpotz

7.3 Disadvantages of classic theory of the trend slanted channels or, how a trader can lose has deposit, when he inviolately follows recommendations of John J. Murphy, E. Naiman, Ò. Demark, Shwager, etc.

7.4 The positions opening and closing points in the slanted channels of Masterforex-V trading system.

Chapter 8. Slanted channels in the Masterforex-V trading system

8.1 Differences in techniques of slanted channels by classics of technical analysis and by the Masterforex-V trading system

8.2 Synthesis of slanted channels of long and short timeframes in the Masterforex-V trading system

8.3 Four types of the Masterforex-V trends and synthesis of slanted channels between them

8.4 Slanted Channels of trend and impulse, correction and flat of different timeframes

8.5 Unsolved secrets of the true and false breakout of the trend slanted channels levels by Murphy, Demark, Shwager, Naiman and their solutions by the Masterforex-V trading system

8.6 Synthesis of the trend channel strategy and horizon resistance and support levels, Elliot waves, Fibonacci correction, role of the currency associates, fundamental analysis, etc. in the Masterforex-V trading system

8.7 Examples of trading recommendations by materials of the Masterforex-V Trading Academy

8.8 General conclusions on role of slanted channels in the Masterforex-V trading system

Chapter 9. Classic figures of technical analysis - Trend Reversal

9.1 Meaning of classic reversal and continuation of trend patterns for successful Forex trading

9.2 Reasons for traders - loses at the at the classic trend reversal patterns

9.3 Classic trend reversal patterns - disadvantages of classical technical analysis

9.4 Technical analysis by Masterforex-V - synthesis of the classic trend reversal patterns with the other elements of the Forex technical analysis - Elliot wave analysis, Fibonacci levels, trend slanted channels , simultaneity and individual behavior of the currency pairs of associates etc.

9.5 Reversal model "head and shoulders", or how to resolve the Eric Naiman unresolved secret

9.6 Reversed model "head and shoulders"

9.7 Model "Baskerville Dog" - cancellation of pattern "head and shoulders" - or why Alexander Elder did not give us a picture of continuation of trend, discovered by him

9.8 Model "head and shoulders" in the Masterforex-V trading system

9.9 Triple and double top-bottom model

9.10 Tips for independent study from the Masterforex-V trading system

9.11 Tasks - tests of the Masterforex-V Trading Academy, what is wrong at the pictures of John J Murphy and Eric Naiman.
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Chapter 10. Classic figures of technical analysis - Trend Reversal (ending)

10.1 Diamond - "brilliant" or who is right: Elder or Naiman?

10.2 "Saucer" or rounded models of top and foundation. Find mistake of Murphy, or why Elder and Shwager did not consider that model as the trend reversal patterns

10.3 V-type models or "thorns". Disadvantages in definition of criteria of this trend reversal model by Murphy and Shwager

10.4 Contradictions of classics of technical analysis. Murphy, Shwager, Naiman and answers at Masterforex-V trading system, how to find a true answer

10.5 Reversal models in the Masterforex-V trading system

Chapter 11. Technical analysis - patterns of continuation of trend - rectangle

11.1 Meaning of patterns of continuation of trend

11.2 What does each Forex trader know about the patterns of continuation of trend and why more than 95% of traders lose with those models?

11.3 Rectangles - tactics of opening and closing of positions by Murphy, Shwager, Elder, Naiman

11.4 Contradictions of code of good practice by Alexander Elder, John Murphy, Jack Shwager, Bill Williams

11.5 Solving contradictions of opening and closing of positions when operating within the trading range in the Masterforex-V trading system

11.6 Tips for opening and closing of positions with the Masterforex-V trading system when operating within the trading range or rectangle

Chapter 12. Patterns of continuation of trend - Gaps

12.1 Reasons for the gap... and slyness of "classics'" technical analysis - Cornelius Luka, Eric Naiman, etc.

12.2 Trading tactics with the gap by classics of technical analysis - Murphy, Luka, Shwager, Naiman

12.3 General conclusions on gap from the works of Forex classics, or which secrets are not disclosed in the classic technical analysis

12.4 Tips for opening and closing of positions from the Masterforex-V Trading Academy materials

Chapter 13. Patterns of continuation of trend - flag, pennant and wedge

13.1 Models of flag, pennant and wedge by classics of technical analysis

13.2 Points of opening and closing of positions with the models flag, banderol and wedge by Murphy, Shwager, Luka, Naiman

13.3 Disadvantages of classical technical analysis of opening of positions with the patterns flag, pennant and wedge

13.4 Questions and Tips by the Masterforex-V Trading Academy for independent solution of the unresolved secrets of Murphy, Shwager and Naiman

Chapter 14. Models of the Forex technical analysis - triangles

14.1 Fundamental difference of resistance levels in rectangle and in triangles

14.2 Definition of triangle in Elder's books

14.3 Complications of the Forex technical analysis patterns - triangles

14.4 Classification of triangles by John J. Murphy

*  symmetrical

*  ascending

*  descending

*  expanding triangle or "expanding formation"

Chapter 15. Symmetrical triangle - regularities and traps

15.1 Symmetrical triangle in books of classics of technical analysis

15.2 Rules for opening positions in symmetrical triangle by Murphy, Luka, Elder, Shwager, Borselino, and Naiman. Strong and weak signals

15.3 False signals of breakout of symmetrical triangle or unresolved secrets of classical technical analysis?

15.4 Unresolved secrets of true breakout triangles by classics of Forex - Murphy, Luka, Elder, Shwager, Borselino, and Naiman

15.5 Questions and Tips by the Masterforex-V trading system of true and false breakout triangles

Chapter 16. Ascendant and descending triangles - secrets of the strong signals for opening the positions

16.1 Difference between the ascendant and descending triangle and symmetrical one

16.2 Ascendant and descending triangles by classics of technical analysis of trading

16.3 Points for opening positions in the ascendant and descending triangles in manuals of Elder, Luka, Murphy, Shwager, and Naiman - contradictions of classical technical analysis of trading

16.4 Questions and Tips by the Masterforex-V trading system on solving the unresolved secrets of classical technical analysis of trading

Chapter 17. Expanding triangle - unresolved problems of classics of the Forex technical analysis

17.1 Expanding triangle by the Forex classics. Probable mistakes during opening of positions under classical technical analysis by Murphy, Elder, Shwager, Luka, and Naiman

17.2 Techniques for opening positions in the expanding triangle. Who is right: Alexander Elder or Cornelius Luka and Erik Naiman?

17.3 Contradiction between the expanding triangle concept by John J. Murphy, Cornelius Luka, Eric Naiman and working procedure of the trading world champion Larry Williams

17.4 Conclusions and Tips on solving unresolved secrets of classics of technical analysis for trader's activity in the expanding triangle by Masterforex-V trading system

Chapter 18. Trading On News: mistakes and unresolved secrets of classical analysis

18.1 Trading On News: mistakes and unresolved secrets of classical analysis

18.2 Role of news in successful Forex trading

18.3 Why there are no trader's working procedures upon issuance of news in the classic technical and fundamental analysis?

18.4 Fundamental analysis - analysis procedure in the dynamics of each separate macroeconomic figure by sequence of its importance - advantages of the technique and its contradiction with the real Forex market

18.5 Advantages and disadvantages of analysis procedures of world economic.

18.6 Essence of technique "Buy rumors - sell facts" and how millions of traders in the world lose after using it

18.7 Tips from the Masterforex-V trading system, when and why does the technique "buy rumors - sell facts", work and when - not.

Chapter 19. Trader's code of good practice by news under the Masterforex-V trading system

19.1. Essence of mistakes of the Forex classics and technique for definition of the trader's basic code of good practice upon issuance of news.

19.2. Basic code of good practice by news under Masterforex-V trading system.

19.3. Issuance of news - as a good reason for driving currency up and down at the Forex controlled market.

19.4. Issuance of news with the differences in values - positive/negative as comparing with the forecast and options for reaction of the Forex currency pairs.

19.5. The basic indicator, defining strong and weak motion by news is NOT the content of the news, but technical Forex market analysis

19.6. Contradiction between fundamental and technical analysis upon issuance of news - as a signal for swift and strong change of trend.

19.7. Connection between news and reversal of trend in the Masterforex-V trading system

19.8. Tips from the Masterforex-V trading system and examples of the Masterforex-V Trading Academy activity

Chapter 20. Ally pairs: which gauge at forex is the most unbiased (impartial) and precise. Ally pairs as a new technique of giving the technical analysis to forex market

20.1. Ally currencies: a new method in the technical analysis of forex .

20.2. The technique of giving analysis to the currency pair movement via ally currencies according to Masterforex-V trading system.

20.3. Ally currency pairs against USD

20.4. Ally currency pairs against JPY

20.5. Ally currency pairs against any third currency

20.6. Correlation between currency gauges and trends of currency pairs at forex.

20.7. USD gauge influence on long-term trends of basic currency pairs at forex

20.8. The difference in movement of ally currency pairs

20.9. Correlation between EUR/GBP and USD trend

20.10. Correlation between goals of the cross-course movement, USD and gouges

20.11. Brief conclusions concerning the role of ally currency pairs in the successful trade at forex, submitted by Masterforex-V trading system

20.12. QUESTIONS asked by Masterforex-V trading system about regularities in ally currency pairs, required for a LONG-TERM trend in d1 or a timeframe of a larger scale.

Chapter 21

Part II.

Chapter 1. Algorithm of the technical analysis. What problems are still unsolved by the classicists of the technical analysis of trading?

1.1. Bibliography of the books, dedicated to the technical analysis of trading.

1.2 Why a series of books, dedicated to the technical analysis of forex, is dangerous and harmful to a novice at forex.

1.3. What statements in the classical technical analysis of trading can be successfully applied to the trading at forex
1.4. What aspects of the classical technical analysis have nothing in common with the trading at forex

1.5. What postulates of the classical technical analysis are erroneous in their essence.

1.6. What theses by classicists of technical analysis are contradictive?

1.7. Principles of Masterforex-V trading system development on the basis of correcting the errors, made in the classical technical analysis of trading.

1.8 An example how Masterforex-V trading system can be applied to the real trading, issuing from the synthesis of seven time frames.

Chapter 2. Logic in the classical technical analysis algorithm and its vulnerability. Transition of a trend into a flat and backwards.

2.1. The scheme of the primary elements of the algorithm of the classical technical analysis of trading

2.2. The principal problem of the technical analysis, still unsolved: criteria of the trend transformation into a flat and backwards.

2.3. Why any of the classicists of the technical analysis has not developed an algorithm of it.

2.4. Determination of the trend and flat makes the keystone of the technical analysis.
2.5. The principal problem of the technical analysis (the trend transition into a flat and backwards), still unsolved by classicists of the “old” technical analysis of trading.

2.6. The expanding flat as an unsolved problem of the classical technical analysis.

2.7. The way J. Murphy “confesses” in his inability to solve the problem of the expanding flat.
2.8. “False” and “true” breaking through the levels as a lame attempt to explain on the basis of the historical data why not every breaking through the flat turns into a trend.

2.9. The trading volume as the only reliable criterion of the difference between the true and false breaking through the flat according to classical technical analysis of trading.

2.10. Comments and questions by Masterforex-V trading system about the gauge of the trading volume when applied to Forex market

2.11. The temporal criterion of the difference between the true and false breaking through the level of the flat according to J. Murphy, scrutinized critically by Masterforex-V trading system.

2.12. The temporal criterion of the difference between the true and false breaking through the level of flat according to Schwager, scrutinized critically by Masterforex-V trading system.

2.13. A. Elder’s criterion of divergence. The difference between the true and false breakdowns
2.14 Masterforex-V about the shaky base of the classical technical analysis of trading.

2.15 Why it is impossible to develop a mechanical trading system, which would trade better than a trader at Forex.

2.16. New gauges and advisers at Forex according Masterforex-V
2.17. Masterforex-V prompting questions concerning the problem of the trend transition into a flat.

2.18 Masterforex-V about the technique of developing a profitable trading system.

Chapter 3. Chartism as a dead end in the classical technical analysis. The way out, suggested by Masterforex-V Trading System.

3.1. Why does Chartism result in the dead end of the trading classical technical analysis (its essence and the reasons).

3.2. Consequences of Chartism in the works by Murphy, Elder, Luca, Neiman, Schwager, Borcelino and other authors.

3.3. Chartism logic.

3.4. Why Neiman recommends opening deals only in the middle of a trend. How the “head and shoulders” pattern does turn into the model of the trend continuation but not into the trend reversal. How this pattern can result in losses if one works according to the chartists’ technique.

3.5. Masterforex-V explains the typical “chartist” mistake, made by E. Neiman.

3.6. How Masterforex-V trading system algorithm explains the currency movement, not properly understood by E. Neiman.

3.7. Elements of Chartism and their consequences upon the technical analysis by Elder, Luca, Neiman, Schwager and the other classicists in this branch.

3.8. A. Elder claims that the majority of breaking-through the price corridor is false. Why does he think so? The strong and weak points of A. Elder’s trading system are depicted.

3.9. What is the principal difference between the trading system of Masterforex-V and that of A. Elder?

3.10. Why have A. Elder and Masterforex-V arranged the 3 basic components (such as psychology, the technical analysis and the control over the capital), required for the successful trading, in a different sequence?

3.11. What are the drawbacks of A. Elder’s technical analysis (those that psychology- and management- factors must override)? According to Elder, psychology prevails over the technical analysis.

3.12 The elements of Chartism in the works by Elder and Neiman are revealed by the example of the analysis given to the pattern of the “diamond”-type trend reversal.

3.13. Chartism according to B. Williams. Why B.Willams doesn’t work at forex and why he does not recommend doing so to other traders.

3.14. Why the overwhelming majority of chartists-analysts recommends dealing with the charts only in the scales to start from h4, d1 and higher.

3.15. L. Williams, the world champion in trading: his attitude to Chartism in all the books concerning the classical technical analysis of trading and the dead-end of this technique.

3.16. Why the “head and shoulders” reversal pattern is wrongly depicted in a chart from a book by E. Neiman.

3.17. The principles of constructing the technical analysis algorithm according to Masterforex-V trading system.

3.18 Scrutinizing of the trading technical analysis algorithm next elements.

Chapter 4

Part III. Giving the wave analysis to trading: the classical approach according to Elliot; the problems and the solutions submitted by Masterforex-V Trading System.

Chapter 1. The wave analysis given to trading

Chapter 4

Part IV. Unresolved secrets of classics of the Forex technical analysis

Introduction

Chapter 1. Unsolved "trap of experts" by Larry Williams

1.1 Definition of a "'trap of experts" by Larry Williams

1.2 Unresolved secrets of "'trap of experts" by Larry Williams, its essence and reasons for its origin

1.3 Analysis of "trap of experts" by Larry Williams in the Masterforex-V trading system

1.4 Tips from the Masterforex-V trading system, how to identify UPFRONT correctly WHERE and WHEN the "trap of experts" can originate and work

1.5 Daily training at the Masterforex-V Trading Academy and examples of real trading

Chapter 2. Unresolved secrets of expanding triangle by Cornelius Luka

2.1 What is the main point of mistake and unresolved secret by Cornelius Luka when working in the expanding triangle?

2.2 Tips from the Masterforex-V trading system, how to use the expanding triangle for opening of short and long positions

Chapter 3. Unresolved secrets of currency trend reversal by Larry Williams

3.1 The Larry Williams's reversal patterns theory

3.2 Analysis of the profitable and losing positions by Larry Williams with the reversal patterns

3.3 Tips from the Masterforex-V trading system on finding algorithm for reversal patterns - not mentioned by Larry Williams
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Chapter 4. Unresolved secrets of currency trend reversal by Larry Williams