I'm starting this thread to share my trading system. I'm using RSI, Stoch, and MA with standard setting. For confirmation i'm waiting all indicators cross..
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Trading System Discussion
I'm starting this thread to share my trading system. I'm using RSI, Stoch, and MA with standard setting. For confirmation i'm waiting all indicators cross..
Member
Technical analysis has evolved. Many indicators are actually
overlapping.
The book"New Technical Trader" by Tushar Chande and Stanley Kroll
brings many new indicators. Maybe there are even more new developments.
Who knows ?
Member
METASTOCK seems to be the TA favourite trading software,
forex included.
https://www.investopedia.com/article...m=14746476&utm
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To be a good Forex trader, a trader has to have an idea on the world currency. Because there is a huge impact on the forex market. Forex is complex and risky in this sense. To be a good trader, you should be a good analyst. Forex was really hard for me but after adding myself to TP Global FX broker I forgot that Forex is difficult for their genial benefits.
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I quite agree, this is why traders should be dynamic in the market and flexible. Always been ready to learn is the key.Originally Posted by oak333
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There are numerous new indicators out there and significant development in technical analysis last couple of years, but in my view it is not enough to use indicators and mechanical systems in order to make profitable trades. You first have to understand the dynamics of your market, the fundamentals behind it and only than to apply technical analysis.
Member
I totally agree, you have to be swift and move along with the market as it happens in the moment. The market is ever changing and you can't let your hand down.
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How can I stop myself from closing trades early?
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