The objective of this thread is how to trade with technical data. When we talk about technical data, that means, it is purely based on statistical analysis. Therefore, it is important to know statistical data is only an indication of past, and there is no reason why to repeat the same. We only can predict similar pattern of data “may occur” in future. Thus please be aware, technical indicators may only give you a certain idea about the market behaviour.
We have come across many times, technical indicators have failed the predictions especially in high volatility periods.
BUT,
We use technical indicators for our trading, because it is the ONLY analysis can be found to predict the FOREX market.
Most popular technical indicators we have come across are :
We have come across many times, technical indicators have failed the predictions especially in high volatility periods.
BUT,
We use technical indicators for our trading, because it is the ONLY analysis can be found to predict the FOREX market.
Most popular technical indicators we have come across are :
- RSI ( Relative Strength Index )
- Stochastic
- MACD ( Moving Average Convergence and Divergence )
- Moving averages ( Exponential and simple moving averages )
- Parabolic SAR ( Stop and Reversal )
- ATR ( Average True Range )
Correct use of these indicators will give you better winning opportunity most of the time. On the other hand daily pivot points also give an idea about the direction of movement along with these indicators. I will discuss how to use those indicators time to time for better results.
Cham