EURUSD

Quoting msj_rs

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Cool! I only use stochastic... I'll try the others!

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Quoting pauly

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IB now on M10 !

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Quoting grandpost

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candles need to show a prior trend before showing a reversal............there are no VOLUME in FOREX.....There is momentum.......divergence don't lie, you just need to know how to use them and have experience.....a little elliott would help

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Quoting grandpost

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when you see these and they are overheating then you wait for macd 10 min to overheat........this is the best contrarian tool in the market.....

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Quoting jaylovin

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i have macd, rsi and BB on my charts... i pay more attention to the RSI and BB when trading = of course the candlesticks are my first port of call... macd has many uses as i've been reading books but i'm trying to understand the reactions of these indicators in the market...

i'm also going to learn elliot next though its something i need to pay more attention to learning

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Quoting jaylovin

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i have macd, rsi and BB on my charts... i pay more attention to the RSI and BB when trading = of course the candlesticks are my first port of call... macd has many uses as i've been reading books but i'm trying to understand the reactions of these indicators in the market...

i'm also going to learn elliot next though its something i need to pay more attention to learning

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Quoting clambill

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I'm no longer a fan of indicators (I now prefer lines) but I remember I read a lot of info on indicators in David Nassar's book "Market Evaluation and Analysis for Swing Trading" and Alan Farley's "The Master Swing Trader". Alan Farley's book is pretty dense and difficult to read but worth the effort.

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Quoting grandpost

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It's most important for people to understand that each indicator measures a certain part of the trend meaning.....candles, bollinger bands, stochastic, histmacd trend, roc 7 on hourly are short trend....then roc 14, macd "trend", IMI14, Rsi 14, are medium trend......and roc 25, macd vs 0, Dow and channels, movavg 10,20 are for the big trend......you want to go with the big trend and entry signal is macd 10 min vs 0 in the direction of your trade....

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Quoting clambill

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It's most important for people to understand that each indicator measures a certain part of the trend meaning.....candles, bollinger bands, stochastic, histmacd trend, roc 7 on hourly are short trend....then roc 14, macd "trend", IMI14, Rsi 14, are medium trend......and roc 25, macd vs 0, Dow and channels, movavg 10,20 are for the big trend......you want to go with the big trend and entry signal is macd 10 min vs 0 in the direction of your trade....

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Quoting grandpost

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all books will say the same thing........conclusion......if you use oscilliators they need to be in synchronization......It needs to be a tested system....better just buy one or find someone to give you one......then experience and getting comfortable with your system will be the answer.....I think you just see the market through the eyes of your system ...so you fail.....then you go to other methods.....after you learn all you understand how they work together...and you understand how the market works.......but that doesn't mean you will be able...

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Quoting jaylovin

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hi grandpost... what is macd vs 0? are those parameters?



Thanks man.. i will look into that book... as mentioned my first port of call is the candlesticks themselves... my indicators are there as an aid.. Generally i won't use all the indicators together to choose a trade - it depends on circumstances of market behaviour s to what tools i will use to help me make my choice.. peace and gl

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Quoting jaylovin

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hi grandpost... what is macd vs 0? are those parameters?



Thanks man.. i will look into that book... as mentioned my first port of call is the candlesticks themselves... my indicators are there as an aid.. Generally i won't use all the indicators together to choose a trade - it depends on circumstances of market behaviour s to what tools i will use to help me make my choice.. peace and gl

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Quoting tonyo524

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Most indicators basically will tell you the same thing. They generally use the same mathematical formula to calculate their movements. They just look different, and some are even pretty. The real useful lines on a chart in my opinion, besides the candles themselves. Fibs on larger time frames, daily pivots, 4 hour trend lines, and to me the invisible lines that I like to call price action. S and R levels. I also like ma's, but I use Bollinger bands which are actually ma's at three different settings. Just my opinion, hope it helps!

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Quoting ak4x

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Central and Daily pivot only a few pips apart... will be a STRONG attraction level till it clears one way or the other...

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Quoting clambill

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I might be saying this for nothing but for those who are reading and wondering about japanese candlesticks, according to Oliver Velez, Steve Nison is the expert on the subject and his book called "Japanese Candlestick Charting Techniques" is considered the bible on the subject.

I read it and it's a good read but maybe I'm not too sharp interpreting them because one of the only things I've found useful is looking at long shadows. In any case, someone leaked the book on the Internet so it's available for free (google, easy find).

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Quoting grandpost

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I have been doing this for 6 yrs if not more....what you are doing is called chartist......it's an art.........

Is your method a system?
do you have entry, exit method....

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Quoting tonyo524

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I use support and resistance levels to determine entry and exits. BB's serve as confirmation.

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