Does anyone have an idea on what is price action in forex.
What indicators best help in figuring out the price action, any ideas ?
I would said W%R would be best for price action.
I know since you have marketiva account so go for Aroon this indicator.
Or you may is watch the pair well babysit the pair. like if you would like to sell then watch if the price is no long that high, and getting lower etc. therefore it going down. (confirm with other indicator well help too)
I know since you have marketiva account so go for Aroon this indicator.
Or you may is watch the pair well babysit the pair. like if you would like to sell then watch if the price is no long that high, and getting lower etc. therefore it going down. (confirm with other indicator well help too)
Well I have tried the W%R and its good, i also tried pipmaker ea, bu the ea has a major drawback of orphaned trades so i dumped the idea of using it, plust pipmaker does not always give the correct trades.
I tried bulls power and bears power, they also do not work as good.
then you know how the price action is going. if you try to apply random indicators that nothing has to do with the market, sure are gonna get random results.
price action is also followed equities and COT.
since i left using indicators my success has increased considerably.
i am now looking for support, resistance, dow jones and a lot of different scenarios before i take a trade.
Moving averages. Support and resistance. Market barriers. Fractals and candlesticks.
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well, as ADX should show how strong the buyer and seller is.
Aroon this indicator show when it going to be ended the trend. look at marketiva chart over other pair and time frame to see how the indicator work. work better at 15 min chart or 30 min chart
MACD of course is one of them. but caution this one may not show that right away, and when it show may be ended. however this one is good for the trend that other indicator failed to show you where trend is going.
forget one is see overall how does one currency doing is another things you might want to consider.
as above overall is USD paired. therefore you may know overall what is usd is doing.
if USD is weak, they you might want to check out GBP/USD for max profit.
check out my system on how to turn $500 to a million dollar. more you see, more you understand when to enter. but sorry so far marketiva work best because is has Aroon indicator. for others you might want to usng RSI.
Does anyone have an idea on what is price action in forex.
What indicators best help in figuring out the price action, any ideas ?
Ignore this quote... Its being used for other reasons.
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Using only today's open, high, low and close, the Price Action Indicator (PAIN) provides quite a bit of useful information. Using the formula:
[(C-O)+(C-H)+(C-L)] / 2
where:
(C-O) defines Intra-Day Momentum,
(C-L) defines Late Selling Pressure (LSP) and
(C-H) defines Late Buying Pressure (LBP)
This yields a single value that has proven itself by constructing ideal limit-up and limit-down scenarios in bond futures. The output has also shown to be consistent with the interpretation of Japanese candlestick patterns.
Price Action
Hybrid Mode
