indicators, etc...

what are the staple indicators that are most used by traders in forex?

Do you guys look into pivots points? (using the pivot formula, not fibo, etc...)

Man, you'll get a hundred different answers here! LOL

In many articles on the web 200 EMA is mentioned many many times. Acts as support so many times it's dumb not to have it sitting there.

MACD is extremely popular too.

I have both these hanging around just because so many other people are watching them.

Pivot points are definetely adhered to. More powerful with weeklies, but dailys work pretty well too.

I use other MAs, and occaional indicators, but what I've mentioned above seem to be the popular.

,Bundy

yep, MACD is big, 200sma---on the daily chart you mean?

I currently use FXDD meta trader, how do I have the pivots up? I don't see it in indicators...

MA, fibonacci, RSI, MACD, candlesticks, trend lines they're all big. I don't use any of em. I used to use RSI but I hung it up. Got one indicator left on my chart.

EMA(1)?

200 EMA ...200 SMA is mentioned as well, but I found EMA gives more support/resistance whilst the SMA acts more like a pivot.

Place 50 100 and 200 EMAs on the 15 minute chart for EurUsd and check it out.

For pivots...

http://www.forexfactory.com/forexfor...ivot+indicator

....ummm, I've made one too but the Search feature here has just stopped working so I can't give you the link.

here is the one bundy made

http://www.forexfactory.com/forexfor...ead.php?t=5538

thanks bundy,
mike

Thanks mike.

hi Trader1580...IMHO the answer is various...depend on the trading system/method/approach...and remember, forex market is not always technical, sometimes/manytimes fundemental indicator also play big role...the main job is to minimize our risk as more as we can...nothing is perfect.

if u are :

Trend Followeer
- u need the trend setup....so u need the indicator showing trend like macd, price action/japanese candlestick etc etc.

Pick Reversal/Top/Bottom
- maybe u need channel based setup..trendline..pivot...support...resistance also.

Breakout Trader
- maybe u need support/resistance based indicator...daily/weekly/monthly high & low etc.


but maybe different people use same indicator with different approach...some people use MA crossing to show trend...some people use it as support/resistanse...

so u need to define what method/approach u need or u want to be...nothing is perfect at the system...the only most important is Money Management...always keep MM at TOP of yur trading plan...the system took 2nd place...

its a pacakge of this & that...just my 2 cent

Most used is operative here. Do you mean most used by commercial, specs, pros, hedge funds? Each group has a different methodology. The ones that I think are most used are stochastics and macd. A lot of traders are also using CCI. Moving averages are also heavily used, both as an indicator and s/r.

I don't consider Pivots to be an indicator, btw. I file those under support/resistance lines.

Pivots are used by a LOT of traders, and thus are good to keep an eye on. I, personally, use fibonacci retracements and projections, but Pivots can work too.

The key is to remember that pivots are support/resistance lines. They are mostly used to give you a reference point by which to gauge price movement, and are not really meant to give signals. For example, if price is at S2, you can conclude that a long signal will be less productive than it would be at the Pivot Point because price has already moved quite a bit in relation to the recent price action. Also, many traders are looking to exit positions or fade long at that point.

However, you don't want to automatically fade long at S2, since price will often move hard to that point, drift sideways, and then continue the next day, when the pivots have been recalculated.

What's most important about any technical tool is how it is interpreted by large groups of traders.

I use: fundamentals, news, Price, candles, RSI, Stohastic, MACD, MA, fibo, fibo fan, weather, feeling...

..sometimes i like to imagine, before i enter a trade...ex: what about if i sold the eur/usd at 1.2990 and the price is 1.3300, and i am still holding it...or the other way arround,...if i have bought it at 1.26 and it has come to 1.33, and i am swinging it at 1.3280...i called it a comon sense,...

when i used to scalp it, i didnt use ANY, and NO stop loss,...just price ofcourse,...when its stopped to move i enter the trade and then exit it with a tiny profit ...but discipline is here a big problemo...

i use in the chart of 15m

EMAS-3,5,20 and 200
Bollinger bands-8 periods
parabolic sar

macd
stochastic oscillator-8,3,3
adx-8 periods


pivot points
fibonacci retracement

I got the pivots points up from the files that were in the link above. I like it, but how do I remove them on demand? For example, I was playing around with it and I put on the weekly, monthly, etc...but I couldn't remove the weekly, monthly after I had it on.