The best indicator

[ilearn2t]

Hello Q-Fund

Thanks, the reason I asked is, another member and myself were dicussing "Pinbar" and I recall a system in which both "Pinbar" and "PA" trading were combined, if I get a few minutes tomorrow I post more about it on this thread, so we all can discuss it in more detail.

Safe trading
ilearn2t

Update: Due to this being an indicator thread I've setup the pinbar & Price Action here

[Q-Funds]

Will certainly wait for it.

I have very limited knowledge on PINBAR. I only know the most basic PINBAR REVERSAL PATTERN .... =0

[Limy]

No single indicator should relied upon; use 2 or more to confirm a direction change.

I agree with you,because i think the market is changing, unpredictable.

[ngepet dolar euro]

I guess the best indicator is Stochastic...It able to measure how strong/weak trend in that time... I usually use fast stocshastic & combine with slow stochastic.

The other indicator to combine is news release, I use Plot_News (FF Calc). It can also predict whether market might move fast.

I also use stocahstic but i combine it with Bolinger band, stoch can be use to know market momentum and Bollinger Band as my support and resistan poin.
If news I just used news feed from FXopen MT4 and i think this more than enough

[ashvini]

First and foremost my perception is that there is nothing like the best and perfect indicator. As all indicators show us only the past and we need to trade the future. Thus we should use these indicators to get a clear view regarding the market direction. I prefer using BB and AO indicator.

[radex78]

Hello Q-Fund

Thanks, the reason I asked is, another member and myself were dicussing "Pinbar" and I recall a system in which both "Pinbar" and "PA" trading were combined, if I get a few minutes tomorrow I post more about it on this thread, so we all can discuss it in more detail.

Safe trading
ilearn2t

Update: Due to this being an indicator thread I've setup the pinbar & Price Action here

Trading with "pinbar" maybe it's abbreviated by pinochio bar,just look one cnadle with long wick as signal confirmation,i ever try with 1 hours time frame,but sometime pinbar giving false signal also,so safe trade with always stick with risk managemet is required

[ilearn2t]

Hello radex78

Yes you're correct the "Pin Bar" is an abbreviation of "Pinocchio Bar".

Try this link http://forum.fxopen.com/showthread.p...p-Price-Action

Good luck
ilearn2t

[CCC000]

wow great thanks and i believe mix of indicators well give more accuracy to make your rate of success in this trade

[ilearn2t]

Hello CCC000

The more indicators you can understand and place on your charts the more successful you'll be.

Sometimes just reading the information on an indicator will be enough to put you off using it, but get pass that stage, you'll be one step closer to achieving your goal to become a professional trader.

Good luck
ilearn2t

[haniam]

Have in mind not to put too many indicators on your chart. you will have decision problems, and chart will lose of its lisibility

[ilearn2t]

Hello CCC000

I totally agree with haniam, don't overload your chart window/s with indicators you don't understand, and use the ones you do understand, only if they can or might help you.

Good luck
ilearn2t

[cafedeart]

Hello CCC000

I totally agree with haniam, don't overload your chart window/s with indicators you don't understand, and use the ones you do understand, only if they can or might help you.

Good luck
ilearn2t

I totally do agree ur words,
I believe, only 2 or 3 basic simple indicator is good to stay with trading, and on the chart just Fibo and pivot lines are enough, simple makes sense and that doesn't mean complex indicators aren't worthy, off course some complex indicators are doing well in my other trading friends pc, but i love to stay simple as said by ilearn2t
Well, thanks and happy weekend to all of u

[haniam]

actually I like stochastic as long as my strategy is scalping and I combine with trend line or support and resistance, but sometimes stochastic can not help me if market become new trend (bullish or bearish trend)

Stochastic, RSI and other oscillator indicator behave well in a classical view while we are in a ranging market, which is 70% of the time.

Another way some traders use them is to buy the pair when levels are over 70 for RSI and 80 for stochastic in trending market and to close the trade when is goes under these levels.

I totally do agree ur words,
I believe, only 2 or 3 basic simple indicator is good to stay with trading, and on the chart just Fibo and pivot lines are enough, simple makes sense and that doesn't mean complex indicators aren't worthy, off course some complex indicators are doing well in my other trading friends pc, but i love to stay simple as said by ilearn2t
Well, thanks and happy weekend to all of u

Already in the W.E.? We still have all Friday long to catch more pips

[radex78]

I totally do agree ur words,
I believe, only 2 or 3 basic simple indicator is good to stay with trading, and on the chart just Fibo and pivot lines are enough, simple makes sense and that doesn't mean complex indicators aren't worthy, off course some complex indicators are doing well in my other trading friends pc, but i love to stay simple as said by ilearn2t
Well, thanks and happy weekend to all of u

Yes i am also prefer only use indicator that i know function these indicator,i think if put many indicator just make complicated outlook the chart only,just think simple forex market is unpredictable,no indicator that always giving true signal 100% accurate,but simple here not mean if we not make analysis

[cafedeart]

Already in the W.E.? We still have all Friday long to catch more pips

yes my friend
i only n strictly play with DAILY Candle, and all my jobs gonna happen just after closing a day candle and opening another, so all my calculations and analysis took place in between that time of opening a daily candle to 1 hours of its past and rest of the 23 hours i don't have anything left to do with my trades, so I did necessary updates in my mt4 allmost 15 n half hrs ago when Friday Candle just started and few min passed, so to me its week end, yaaaaaaaa
again have a happy weekend to u and to all
by now