which Indicator do you follow?
March 4, 2013 12:15am CST
There are people who uses various indicators to grab some more pips everyday but at the same time indicator will give you false signal mostly. so kindly tell me which indicator do you prefer and how do you escape from false signals form your indicator?
4 Mar 13
I do have some indicators on my charts but I do not trust them 100%. They just help me a little bit to analyze the movements of the markets. I use RSI, ATR, Stochastics, Momentum, Moving Average, MACD, Ichimoku and sometimes Bollinger Bands. The best and most useful indicators I use will be the economic calendar (almost every broker has one), because you have to be aware of the news. And my own analysis with fibonacci, horizontal lines and trendlines. How about you? :)
4 Mar 13
Thank you for your valuable response. Actually i don't use any indicator at all because they tend to cheat me mostly. I use only horizontal lines, trend line, Fibonacci retracement and extention lines, and sometimes channels :) Actually i don't care about market news, I follow the sentiment of the market.... Which time frame do you prefer for getting signals? If you use multiple time frames, kindly explain here......