Happy hunting
V
> which one custom indicator to use
I will second Viffers comment - there simply isnt (just) one..
They have different jobs to do & will work better or worse on different pairs & timeframes
Not being aware of the underlying situation. i.e. the higher timeframes, action on related pairs, news events, etc
For your chosen pair you need to know what the active hours are for it
To using ranging indicators (eg Stochastics) or a trending indis (eg Moving Averages) as appropriate
If the market is trending, use a divergence indicator to reveal a reversal risk (eg RSI or CCI)
Be aware of the 'lines in the sand', i.e. the significant support, resistance or
Large Round Numbers - where the Pivot, R1, R2, S1, S2 is
each day on a pair?
You've got to pick one pair as the eventual trade pair and also be aware of related pairs, eg if you want to trade EURUSD, be aware of USDCHF (usually going in the opposite direction)
-BB-
Hi everybody!
I am new in Forex trading and wonder which one custom indicator to use . Please share your experience!
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I am new in Forex trading and wonder which one custom indicator to use . Please share your experience!