I'm a forex begginer. Im' just starting to build my trading plan.
I'm tryin to keep it as simple as possible for the beggining and try not to get caught clueless in the those huge amount of good and bad signals that many indicators give. Maybee later I'll build a more complex system. But the more I learn, I'm getting the idea that simplicity that works for YOU is the key.
For medium lasting positions I decided to trade simpy with 8, 20, 50 EMA and Parabolic SAR on H1 chart. Maybee I'll add one more indicator in the process.
I still haven't find a good intraday system. Bollinger seems a good choice but it's clear sqeezeing signals are rather rare. Maybee add another indicator with it? What system do you use for intraday? Are 1-5 min charts any good?
Thank you for any advice,
Roko
I'm tryin to keep it as simple as possible for the beggining and try not to get caught clueless in the those huge amount of good and bad signals that many indicators give. Maybee later I'll build a more complex system. But the more I learn, I'm getting the idea that simplicity that works for YOU is the key.
For medium lasting positions I decided to trade simpy with 8, 20, 50 EMA and Parabolic SAR on H1 chart. Maybee I'll add one more indicator in the process.
I still haven't find a good intraday system. Bollinger seems a good choice but it's clear sqeezeing signals are rather rare. Maybee add another indicator with it? What system do you use for intraday? Are 1-5 min charts any good?
Thank you for any advice,
Roko