please help, what is the best indicator or system for trade with good results

johnpipkiller · #1 06-23-2009, 11:52 AM

hi guys,

who can help me or how i can make easy profit with which system or indicator?

contrarian · #2 06-23-2009, 12:12 PM

Quote:

Originally Posted by johnpipkiller

hi guys,

who can help me or how i can make easy profit with which system or indicator?

Not to sound harsh... in fact, I'm having to practice some real restraint here...

There is NO SUCH THING.

I'll be the first to admit, trading the currency market is not, or doesn't have to be complicated... but it is certainly NOT easy.

Easy Profit is a myth. It is fleeting and impermanent. It carries a huge amount of risk. It is NOT dependent on an indicator or bunch of indicators. It is NOT dependent on 'a system'.

If you want to consider the 'Easy Profit' part of the equation, you CANNOT ignore the 'Easy Loss' part.

**yapsta187** · #3 06-25-2009, 03:09 PM

A lot of traders use different indicators and systems to trade. You look like you want an easy way to forex, no such thing exists. Learn to do you're own technical analysis and use leading indicators to help. Remember risk management.

jellyfish · #4 06-25-2009, 03:15 PM

Use the indicator you best understand it.
A successful trader don't have to use a lot of complicated indicator.

eBulls · #5 06-25-2009, 04:15 PM

All indicators are based on a study of price action or volume, or both. Volume related "indicators" can be very accurate when read correctly. Do a search for VSA (Volume Spread Analysis) for some examples and teachings on the subject.

contrarian · #6 06-25-2009, 04:53 PM

You sure you want to open the 'volume in fx' door?
;-]

mtuppers · #7 06-25-2009, 09:25 PM

I using following indicators (study idicators)
Aroon
ADX(DMI for meta4)
Wailliams' Percent R
Stochastic

good with 30m 1h or 4h

eBulls · #8 06-26-2009, 12:59 PM

Quote:

Originally Posted by contrarian

You sure you want to open the 'volume in fx' door?
;-]

It can be a bit of a oxymoron, but like you may already know I am referring to tick volume as true volume cannot be measured as there is no central exchange for currencies.

That aside, tick volume, especially if compiled from several sources, is a great tool that every trader should use.

**jafar00** · #9 06-30-2009, 06:48 AM

Quote:

Originally Posted by eBulls

It can be a bit of a oxymoron, but like you may already know I am referring to tick volume as true volume cannot be measured as there is no central exchange for currencies.

Yes. Well said. However, if you trade on an ECN account you can get Level II information showing market depth. It shows you the volume of orders at a given price. With it, you can see where the market wants to go.