You may have seen the Supertrend Indicator appearing in Forex charts. It's a great Forex indicator and you can actually make some money with it alongside a solid risk management plan. Using the Supertrend Indicator will give you a real advantage over your competition. You'll be able to spot major trends starting and it will help guide you into making big money trades. … [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...]
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...]
DayTrading Fail: Know The Basic Indicators First Before Advancing
Forex charts are used by foreign currency traders to help determine buying and selling opportunities. In addition to simple charts that show general trend patterns, many indicators are used by traders to witness price action movement on a much deeper level. Most charting software platforms provide a wide range of indicators for traders to measure trend strength, possible trend … [Read more...]