Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

gaminig

forex trading indicators

Recommended Posts

I'm not a huge fan of indicators, even though alot of times you can mess around with one and find a use for it, I find that they distract me from what's happening for the most part. My setup uses a 60 period wma and a parabolic sar (just for back up s/l plotting and confirmation) on standard settings. I'd say get amongst it and find what works for you....just watch the charts, try MT4 out and go through a few years of data and see what the indicators do if you'd like to see them in action. I did, and came to realize I like my simple set up the best. Best of luck man.

Share this post


Link to post
Share on other sites
which combination of indicators are best for swing trading in forex ? :)

 

Good day, Gaminig. The answer you seek will undoubtably vary from one person to the next. Many people like moving averages (20, 50, 100, 200, etc). Others like MACD. Others use these in combinations with other indicators (RSI, etc).

 

But all of the people I know who are very successful in forex KEEP IT SIMPLE. Too many indicators and you'll likely just confuse yourself. It is interesting that most people who start out in forex use lots of indicators, or try just about every indicator they can get their hands on. Yet as they mature in trading, they drop most of them and end up watching price action patterns instead (i.e. triangles, breakouts, pull-backs, continuation formations, reversal formations, etc.). Eventually, you end up with just a few major trend lines, a few horizontal support/resistance lines (such as from major fibonacci ranges), and a whole lot of respect for simple pattern setups at those important S/R zones.

 

Almost every swing trader I know of (with just a few exceptions) usually start out their trades as intraday trades. Once their intraday trades bust important barriers, they become swing-trades and can be managed differently than a typical intraday trade. Those who don't start out as intraday trades usually have the funds to afford much larger than normal stop-losses (> 50 to 100 pips) and can trade strictly from the larger daily time-frames. For most of us with smaller funds, this is not possible, nor perhaps wise.

 

By far, the most important indicator I use is price action alone in combination with the dominant (most important) support and resistance zones. Keeping it simple is the most successful strategy I have found.

Share this post


Link to post
Share on other sites

Price action is watching what price does (or maybe price with volume) and judging your trades based on that. Usually without indicators or maybe support and resistance indicators like:

 

emas

volume profiles

market profile

lines thru significant prior highs and lows

Share this post


Link to post
Share on other sites

IMO, trading is not about indicators but a "structure". A trader needs to create a structure in which to trade so the trend can be seen as well as whether price is cheap or expensive. Indicators are part of this structure. Price action can then determine entries.

 

Exits are a separate matter and need the structure to be able to be relevant.

 

Market Profile attempted to do this but is not quite precise enough for very short term trading.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.