Reliable indicator forex
However this is not a simple task but it can be done with the help of reliable buy and sell indicators. There are a wide variety of indicators available in our trading platform but not all of them are able to generate reliable buy and sell signals for us to trade. In this post, I will be sharing with you some of the buy and sell indicators that I find quite reliable and useful for myself Forex MACD Indicator I have written several posts on the power of MACD and here I am going to share with indicator how I make use of MACD to time my entry and exit of my trading position. The MACD is a good tool to verify a breakout or trend line break and all you need is to make use of reliable histogram in it. Whenever you have a setup that prompts you to enter a SHORT trade, you should wait for the MACD histogram to flip below the water line. This is to prevent fake out actions that is pretty common in trading and thus increase your winning percentage. Similarly, you can exit your position when you see the MACD histogram flipping reliable the opposite side of your position Parabolic SAR For reliable indicator, you can make use of the dot that is formed either above or below the candlestick to enter or exit your trades. When you are looking to go SHORT, you can wait for the dot to be formed above the candlestick. When you are looking to go LONG, you can wait for the dot to be formed below the candlestick. As for reliable exit strategy, you can exit your position when the dot flips to the opposite side of your trade Forex CCI Indicator If I am looking to go LONG, I will wait for the CCI to move to the level and then enter my position. If I am looking to go SHORT, I will wait for it to move to reliable level before entering a trade. As for the exit, you simply have to take note of the opposite situation to occur before exiting your position. Although the above buy and sell indicators are pretty reliable, I do not enter my trade simply based on one indicator alone. I will usually wait for a confluence of events to occur before I enter any trade. Personally, I will wait forex the signal on the MACD, CCI and Parabolic SAR indicators to be showing the same signal before entering any position as this will usually give me better winning probability. Just a reminder to you, please indicator not rush into using these indicators to your trade until indicator have tried them out on your demo account. If you are still struggling in your trading and is looking for a forex strategy that can make you money consistently. You can take a look at the course below Forex Street University Course I have recorded a video for you to have a better understanding of how to make use of these buy and sell indicators Tags: forex buy and sell indicatorforex cci indicatorforex macd indicatorparabolic sar indicator I am using the forex platform. I cannot find the CCI indicator to download for the c TRADER. Where can I find it???? If there is no CCI for the reliable can I use indicator RSI Indicator instead or would the Stochastic-CCI for the cTRADER be OK I am using the FXCM trade station for all my charting. You can download the trade station by creating a practice account with them. God rewarded you and I pray He will reliable reward you. So glad to discover you blog. You made forex trading simple and easy to understand!! Thank you so much for sharing generously!! Regards, Richard Hey thanks i have read many blog and web site since 2 years but i found your information very useful You are on the right track. However there will be times where all the signs are pointing in the same direction and you still get stopped out. The key is probability and the probability that you are right is higher when all the indicators are pointing in the same direction Hello, great information here. Just one question which time frame are these signals most probable on? The information here in this blog can work on all currency pairs and all time frame. Personally I am using the 15 minutes as I find that it has lesser noise. Hi Kelvin, As far as I understand you entry when candle closed and cci has ALREADY finished above under ,but not in the moment of crossing level. As a newbie in this business, please explain to me. For pending order, you are not entering at the forex price, you are actually setting a price for your trade to be trigger. You will usually use it when you see a point of strong resistance or support and you intend to enter at that level. You will then set your pending order at the price of that level and wait for the price to hit it so that your trade is being triggered. Would a strategy using indicator MACD, Forex 14, PSAR and 34 EMA work on a forex timframe, when all indicatos are aligned? When would you actually enter? At the candle close? Or wait for a retrace to the 34 EMA. How would this strategy and the entry be handled differently for a breakout, reversal or pullback trade? I bet you are trying to buy when the candle crosses above the 34 EMA with the alignment of all your indicators or sell when the candle crosses below the 34 EMA. As I personally did not trade this strategy, I may not be able to give you the advice based on experience but I will try to tell you based on my trading knowledge instead. If you ask me about the entry, I will wait for the candle that has broke the 34 EMA to close and enter on the next candle. This is because the candle that has broken the EMA may retrace back before it closes and this will not be a crossover. If the candle has closed too far away from the 34 EMA, I will wait for it to retrace before I enter. If the candle closes near to the 34 EMA, I will enter right away when all the indicators has aligned. One thing that you should indicator worry about is the fakeout which is the fake breakout of the 34 EMA and then the price moved back again. I hope that I have answered your question. Till now i had no trading plan and was planning to quit forex trading due to losses, but thanks to you. Its because of u now i have a trading plan forex m happy to follow it. Once again thank you very much……… Forex trading is like any business, you have to persevere and learn indicator practice. Do note that forex is not a get rich quick scheme and it is a genuine business. Once you have learned the trade, you will have a reliable making skill for a lifetime. Hi, I should say in this market you are very generous to share your valuable reliable with traders, God bless you. Iman Hello Kelvin, Thanks for the useful info. Why not enter at 0? Hi Kelvin, Thanks a lot for the useful info. I am very very new to forex. Referring to CCI indicator, I notice that you suggest to enter position to go LONGyou will wait for the CCI to forex to the level and then enter. If you are looking to go SHORT, you will wait forex it to move to the level before entering a trade. Why not enter during the 0 level? The reason why I did forex chose to enter a position at the 0 level because there is no momentum in the movement. When the CCI reaches the level, it is a sign of upward momentum and therefore I will look to go LONG and when CCI moves to level, it is a sign of downward momentum and I will look to go SHORT. Please, how long does any custom leading indicator last? Can any change in the market affect custom leading indicators effectiveness? Thanks I indicator unable to tell you exactly how long the custom leading indicator last. However do note that the price reliable is the most important factor of the whole market and therefore the performance of all indicators is never perfect as there are definitely time where they are unable to capture the market movement. Thanks Kelvin for this useful informations you shared with us. I am trying to find out what is the best Forex indication. Cheers There is no such thing as the best indicator as it all boils down to your trading strategy. Some indicators work well in breakout strategy and fail completely when you use it to scalp. So you need to decide on your trading strategy and then pick the indicators that works for that strategy. I was pondering on this article of your Kelvin. When I checked my Charts somehow all 3 are saying for me to go BUY 1H charts says a possible trend reversal Min MACD shows a flip to the up trend formation Min CCI indicator over level Parabolic SAR shows the Buy dots already. Am I using the indicators right? Many thanks to you buddy! You are on the right track. The key is probability and the probability that you are right is higher when all the indicators are pointing in the same direction. These indicators are applicable to any time frame. You just use them in the time frame you usually trade with. I really appreaciate your simple formula, Pls what is the best or your time frame for this system. There is no best time forex in trading. It all depends on your preference and forex trading style. The time frame that suits me may not be suitable for indicator style of trading. Thanks for sharing your information. For trend analysis, I will usually do it over the hourly chart and when it comes to pattern recognition, I will always use my 15 minutes chart and when it comes to entering of position, I will move down to the 5 minutes chart to look for best entry opportunity. As for the setting of the indicators, they are all the same which is the default setting by my platform. The settings that I used are all default setting on my trading platform. Below are the settings for your reference. Thank you Kelvin Thanks for sharing your information again. I really like your style. For confirmation on entry or exit: do you use standard settings with the indicators? Ask Kelvin CLICK HERE to ask me indicator 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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