This is a really simple way for you when asking how to identify sideways market. It works in Forex or any market. And the indicators are loaded into virtually any charting platform that is out there. I know that these come as standard in MT4 which is free and you can get your own copy of that by signing up for a demo here. Identify Sideways Markets The first thing I will … [Read more...]
Best Moving Average for 1 Minute Chart – Scalping Forex
If you are scalping forex you will normally be trading on a 1 minute chart or 5 minute chart. So naturally you may ask the question what is the best moving average for a 1 minute or 5 minute chart. The answer really depends on what exactly you are looking for the moving average to tell you. Longer settings on a moving average will show you the overall direction that price is … [Read more...]
Forex 5 Minute Scalping Indicators – Best New Examples
When you are daytrading trends in forex on a small time frame it's often referred to as scalping. Here are some of the best 5 minute scalping indicators for Metatrader 4 which look promising on forex pairs. Some have arrows, some you trade line crosses. In general you would try and scalp forex on a 5 minute chart only on pairs which have high volatility. The best moves come on … [Read more...]
Trading Key Reversal Bars and How To Squeeze The Best From Them
Key reversal bars can be interpreted in many ways. Every trader has their own ideas about their significance and how they should be used. Here I’ll discuss some of the best ways to trade them, and the various patterns that you’ll see time and time again on your trading charts. The problem with key reversal bars is they can often look very similar to an outside day, a pin … [Read more...]
Parabolic SAR Strategy For Catching Trends – Awesome!
My search for a parabolic SAR strategy is over, now that I have found this one. It seems to work really well so far, but be warned, even the original author of the Parabolic SAR indicator (Welles.J.Wilder) suggested that it should only be used in trending markets. For this reason I think adding Renko candles to the chart will help filter out the noise, and intraday … [Read more...]
Lagging Indicators? Why You SHOULD Not Use Them Alone For Trading
Over the years I’ve seen hundreds (if not thousands) of newbie traders on message boards following simple trading systems that are based on lagging indicators. Because these systems are so simple to understand they are like a magnet anyone who is new to trading. The usual systems which people try to trade are often based on the most common lagging indicators found in any … [Read more...]