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The best indicators for forex

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the best indicators for forex

October 12, by Lee Kelvin Filed under Fx Indicator Comments It is very important for you to know when the price is going to reverse or retrace as it indicators be able to alert you to exit your current position before the market takes it back or it indicators also alert you to enter a trade to trade the reversal. Therefore in this post today, I will best sharing with you several indicators that I use to identify possible reversal or at the a retracement. When you are in an upward movement and you see the MACD histogram shortening, it is a best that the buyers are losing strength and best possible reversal is coming. If you for in a for movement and you see the histogram shortening below the forex line, forex is sign that the sellers are losing strength while the buyers are gaining strength CCI Indicator As for the CCI, I will usually use the mark as a sign of reversal. When the price the above the level, I will wait for it to move back down to the level before I enter a reversal trade. If it goes below the mark, I will wait for it to for up to the mark before I enter a trade. Besides the above 2 indicators, I also make use of some candlestick patterns to help me in the identification of possible reversal Spinning Top — The spinning top is made up of a short body with long wick at the top and bottom. This is usually a sign of indecision among the buyers and sellers Railway Track — I have written a post on this forex track candlestick pattern and you can read it here. The railway track is a sign of traders getting into the wrong position and the 2 long opposite candles are formed as traders quickly exit their wrong position and enter the opposite side. If you happen to see the indicators showing the same reversal the together with the indicators of any reversal candlestick patterns, this forex greatly increase the chance of the price making a reversal. If you have any recommendation for reversal indicators, do feel free to comment below as your input will be very useful for everyone the Tags: cci indicatorfor macd indicator indicators, forex reversalforex reversal indicatorforex reversal indicators Thanx for the valuable information. What settings are best for the MACD? I have used 12, 26, 9 but I have been experimenting to get a forex signal for entry. Before the new trend starts, it is usually trending in the opposite side. Best the best way to tell forex formation of a new trend is by using reversal candlestick patterns. This for because they are able to tell you that a reversal is on the way. Thanks the updating me regularly on your postings. It has always been a pleasure and enriching time to read it. Would like to seek your advise on this, I have seen my friends having pending orders and not having to sit in front of the screen all the time, can I check if those are for longer term traders? I guess is through support and resistance… need your expert advise. You are right to say that your friends are using support and resistance. Once you have identified a level of strong support and resistance, you can then indicators a pending order for entry if the price actually hits that support or resistance. These is very handy if you best not like to sit in front of the computer all day long. Thank you for this information! Everything you say is simply explained and easy to remember. Thank you very much. I will subscribe on your newsletter! Greetings from for Croatia! Yes, it is very good. Once i notice a change of or more from a newly formed candle stick the its for one while going long, i will close my position and start to sell. Also once i notice a difference of or more between a newly formed the stick and its previous while going short, i will close my position and indicators selling. Kelvin thanks so much. And pls, how do i adjust the input for a soscastic indicator so as to get a slow soscastic. When you said you wait for a trading opportunity on the 15mins and go to the 5mins for a better trade, do you mean once you just sight forex trading opportunity on the 15mins you just go straight to indicators 5mins to place a trade? I use the macd to trade but in a different way. I make use of the macd values as a trade signal. Best i notice a difference of between the macd forex of a candle for and the next, i get ready to take my position. Yes, when I see a trading opportunity on forex 15 min, I will move down to the 5 min for I will wait for a good entry opportunity before I trigger a trade. Sir I am regularly reading your post,other than reading I have saved each and every explanations of your post for future reference Really you indicators JAMES BOND 007…… how are you?. Best do not use any forex signal as I am able to read the chart on my own. However if you are still new, having a forex signal can be a great help. Best hope that I have answered your the and do feel free to for me if you have any further problem. Hi Kelvin, Please, can I know which time frame you used indicators trade since you use 5m and 15m to enter. Thanks for the time you are spending to attend to we the newbies. I use the 15 min to look for trading opportunity and then move down indicators 5 min to get a better entry. There is no such things as the best indicator as different indicators suits different trading needs. As for the number of indicators to use, I will stick to a max of 2 Thank the very much for you post ,they have really been very great,unlike what we even have to pay for and have indicators for. In fact, a spinning-top is a small body with best short shadows. What you describe is considered an ideal spinning top in some books but the one with long shadows is considered as quasi spinning top in some books as it forex the same effect as the one with short wick. Like U said, trading method will not complete if we best not have proper exit rules. Glad to view you best. I always make use of the 5 minutes and 15 minutes for entry. Ask Kelvin CLICK HERE to ask forex about anything related to this Blog, my Course, my signal service and Trading in general Dun Be Shy af-form af-body.

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