Two New Forex Indicators
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Two New Forex Indicators
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Friday, 27 August 2010
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There are two super charged forex indicators whichwill change the life of how you manage the whole trading
system and daily activity.
There are many indicators in the market right now and new
indicators are developed daily to replace them.The markets keep evolving day after day
and dont stopm.
What worked yesterday may work today but it may not work tommorow
it is very variable.
Why does this happen ?
When everyone starts using the same indicators , they
lose their efficacy in predicting the markets.
You see the technical study is just the study of the
short.
It all comes down to psychology at the end since when people find something that works
in the tecnical data indicator they start using it and it becomes so predictable to be used
all over the place and it falls down to not work again which happens day after day.
There are two indicators which go into this problem and try to fix it to pull out predictable opportunities
once they come out without having been used by anyone being,
1. The Slingshot Indicator
We always hear that the trend is our friend and use ADX, MCAD or other indicators to follow the market guideline
to see how we should behave but what this indicator does is to setup a slingshot reversal to make your trend highly profitable
and exploid in catching the right stop loss point.
2. US Dollar Index Indicator
This is an indicator of basket currencies which compares the different currencies and measures the sentiment of the USD currency
which will be really helpful since you have a data tren which will measure the development against all the other curriences taking the
USA as a base.
These two indicators are not completely in the market yet but we will keep you udpated when they will be coming out !!
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Discussions
It probably would have been similar to how the stock market worked in the early part of the 20th century. People would have had to have proxies at the location to do the trading, and keep in touch via wire. I can't imagine how complicated it would get!
Overtrading? Do you mean trading more times than the market would support, resulting in a loss? Surely it isn't possible to trade "too much"? I know I need to learn the jargon... this one doesn't make sense to me.
I imagine it's like most everything else: once you learn the jargon, it starts to fall into place. Most people would be scratching their head if I told them that my website was mostly CSS with a little XML and I use a lot of tags. They haven't learned the jargon. But someone who *knows* it, will understand immediately.
Do the previous day's highs and lows say something about what is likely to happen in the current day, or are they largely immaterial since each day is new trading? There are always times when they stay high or stay low, aren't there?
Hi Cherry. You are posting nice info today! Thanks for that. I've had a hard time with indicators myself but now it is looking a bit clearer. The info they list really helps you to understand how a specific indicator is meant to work and what can be achieved in using it.
There is that old saying you have to see it to believe it. I would agree with you that you are right about the "See it to trade it" as well. Seeing is believing after all. :)
Wall
I don't understand. "When everyone starts using the same indicators , they
lose their efficacy in predicting the markets." If the indicators are market-related, how does whether many people or few people are using them affect how effective they are? If they work, they work for all, don't they?
lose their efficacy in predicting the markets." If the indicators are market-related, how does whether many people or few people are using them affect how effective they are? If they work, they work for all, don't they?
Monday, 30 May 2011 13:27
These indicators sure seem good. Has anybody used them yet? I guess they're in the market now.
And if they're good, which is the best place i can buy them.., and keep posting more about such indicators
And if they're good, which is the best place i can buy them.., and keep posting more about such indicators
Thursday, 31 March 2011 09:09
Pip,
I think I will get confused if I try to learn about too many of these indicators, but I am trying my best to learn the ones that can keep me from losing money!
Thursday, 31 March 2011 07:21
Jake,
I'm new to forex and learning about indicators; there are so many. How many do you recommend using and how will these two have an advantage over other indicators?
Wednesday, 30 March 2011 14:59
Now I must start to learn Forex indicators but I don't have any good resources yet.
let me have your comments as well !!!!!
let me have your comments as well !!!!!
Saturday, 28 August 2010 09:25
Hey Saltengo
I am just starting off with forex but I have got great resources under http://forex-indicators.org/
Let me know what you think !
I am just starting off with forex but I have got great resources under http://forex-indicators.org/
Let me know what you think !
Friday, 27 August 2010 21:19
Hey this indicators are great, I think the slingshot indicator has been exploided a lot and isnt as good as it used to be before but the currency basket trader is a great resource to use when trading different currencies to see whcih one dominates and which ones preveals according to the different market conditions.
Does anyone have some resources for getting indicators and get informed adittionaly to this forum since I see it is growing day after day ?
Does anyone have some resources for getting indicators and get informed adittionaly to this forum since I see it is growing day after day ?
Friday, 27 August 2010 21:11
