The best indicator
I prefer ZigZag as it gives you a great visual of waves. What's your fav indicator and why ?
Last edited by hytre; 01-14-2010 at 01:30 AM.
"Heiken Ashi Real" is my best indicator, very simple yet powerfull...
nicksbra, thanks for info on "Heiken Ashi Real" which is available at *link removed. Please add an fxopen banner to your site*
That guy Vahid seem quite a helpful person and I have read some of his postings which I find extremely useful and enlightening. I've subscribed to his article which I am sure will help me along my journey to being a...hehehe... 'professional' forex trader.
Cheers and the best!
No single indicator should relied upon; use 2 or more to confirm a direction change.
I think all newbies should follow this advice. Make use of the moving averages because all indicators are created from them but it cannot be used alone, it must be used along other powerful indicators.
Originally Posted by DollarBull
The Following User Says Thank You to blissreel For This Useful Post:
that is a very good idea sheared on this thread. Truly MA is very ok to use along with other indicators, once the (ma) gives you a direction use any other indicator to confirm it and pull the trigger
the same goes here bro. zig zag, to lemme see the S/R better, fibo for price projections.
Originally Posted by hytre
trading is about making a certain amount of money with the least amount of risk, "The more you plan, the more will go wrong. The less you plan, the more likely that you will fail." keep it simple - buy when it goes up and sell when it goes down...- red343
Last edited by hytre; 01-20-2010 at 08:25 AM.
Yo bro, may i know what's the setting of MA that you use it to trade?
can anyone you post a simple MA method here? I think I have one I use on eu but right am tire i cant type more than this for now... I will do that at later time
Just draw one line from the top resistance to the lower, one on the lower support or vice versa one in the middle of those lines, that's how I do it.
Last edited by hytre; 01-24-2010 at 09:15 AM.
found a good example for you:
Last edited by hytre; 01-24-2010 at 09:12 AM.
Trading System Williams Trade Modified
Trade: London and NewYork Session
Time Frame: 1-5 min
Bollinger Bands: (2; 22)
When appears the Green arrow buy at open next bar but the bar should not close out the Bands Bollinger.
When the indicator Williams Trade turn below green line (<-40);
Target Profit 6 pips AUD/USD, 8 pips EUR/USD, 10 pips GBP/USD.
When appears the Red arrow sell at open next bar but the bar should not close out the Bands Bollinger.
When the indicator Williams Trade turn above red line (<-60);
2)Target Profit 6 pips AUD/
Zigzag is not the best indicator ,i think , it will change the state with market . bollin line is the best one
it combine support resist ,trend feather in one indicator .