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Thread: The best indicator

  1. #1
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    Default 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.

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    Piplet nicksbrg's Avatar
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    Default

    "Heiken Ashi Real" is my best indicator, very simple yet powerfull...

    box.net/shared/r2jfpdu5cx

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    Elder Analyst RahmanSL's Avatar
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    Default

    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!

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    In Profit DollarBull's Avatar
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    Default

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

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    Piplet g-man's Avatar
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    Default

    wow different person...different view...but all with the same objective....nice discussion, seems I am newbie....I dont have any best indicator...just test based on trader review..
    TQVM for the good info
    I'm Noobies

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    Default

    Quote Originally Posted by DollarBull View Post
    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.

  7. The Following User Says Thank You to blissreel For This Useful Post:

    rahmanslk (05-06-2013)

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    Default

    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

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    Elder Analyst red343's Avatar
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    Default

    Quote Originally Posted by hytre View Post
    I prefer ZigZag as it gives you a great visual of waves. What's your fav indicator and why ?
    the same goes here bro. zig zag, to lemme see the S/R better, fibo for price projections.
    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

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    Default

    Quote Originally Posted by ken2flash View 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
    It depends on your trading plan. I started as an scalper and now I'm practicing on ma.
    MACD is a good indicator on that matter, however I find myself more confident by tracing moving averages manually
    Last edited by hytre; 01-20-2010 at 08:25 AM.

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    Bullish mtrezeki's Avatar
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    Default

    Yo bro, may i know what's the setting of MA that you use it to trade?

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    Default

    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

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    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.

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    Default

    found a good example for you:
    Last edited by hytre; 01-24-2010 at 09:12 AM.

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    Thumbs up Trading System Williams Trade Modified

    Trade: London and NewYork Session
    Pairs: Major;
    Time Frame: 1-5 min
    Indicators:
    Williams Trade
    Bollinger Bands: (2; 22)

    Enter Long:
    When appears the Green arrow buy at open next bar but the bar should not close out the Bands Bollinger.
    Exit Long:
    When the indicator Williams Trade turn below green line (<-40);
    Target Profit 6 pips AUD/USD, 8 pips EUR/USD, 10 pips GBP/USD.

    Enter Short:

    When appears the Red arrow sell at open next bar but the bar should not close out the Bands Bollinger.

    Exit Short:
    When the indicator Williams Trade turn above red line (<-60);
    2)Target Profit 6 pips AUD/

  16. #15
    shaoyinwang
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    Default

    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 .

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