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Using Technical Indicators to Identify Reversals

From news_archive.php?id=66894

Today's daily video is another change of pace. Technical indicators are deceptively simple to use. They can be very helpful when trying to identify new entry or exit opportunities but can be abused when they are too optimized or over-simplified. What you will learn: 1. Technical indicators can simplify price movements 2. Indicators can identify trend changes 3. Trend is important when timing trades with a technical indicator 4. Avoid “over-optimizing” indicators A technical indicator is applied to a chart and uses three pieces of information – time, price and volume. Because the forex is a distributed market, there ... (full story)

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