Yes indicators... Not what you were expecting?
This is one of my so called 'holy grail' indicators, does not work great for every market/pair/timeframe. Gotta browse through plenty markets to find where it works well.
It does generally work overall but strong or weak signal will depend on market and timeframe.
Using it successfully also depends on how well you the user understands how to read the indicator. Also look at present and historical view of indicator on the market.
This is my 3rd go to indicator and the only one I have not had to tweak in any shape or form to suit.
I have 5 top indicators, non created by myself, so thanks to the creators, gotta appreciate their work when it helps to guide you and make you see what you may not have ordinarily seen on your own.
My first 2 top indicators I did have to tweak some to suit but they stay top as they are so very useful to me in many markets in multiple timeframes.
I also use patterns/trend channels/market history to guide my trades but indicators do more for me personally.
I do not trade news, I do not even pay attention to news as I believe it is used to explain an outcome that was already determined to happen as you can in most see market setting up for a move way before a news is released and the move being set up for gets triggered either just before the news or shortly after the news comes out. All facade in my opinion.
No not all my predictions playout but once I figured out how to read specific indicators, most of my ideas (not all) have been working out well.
I also look at fibonacci sometimes but rarely pay attention to it. However, I do find it is very reliable in specific markets such as crude oil.
Hope this answers all the questions and curiosity you have or may have in the future :)
Please see related ideas for CADJPY official chart to follow outcome of this prediction...
This is one of my so called 'holy grail' indicators, does not work great for every market/pair/timeframe. Gotta browse through plenty markets to find where it works well.
It does generally work overall but strong or weak signal will depend on market and timeframe.
Using it successfully also depends on how well you the user understands how to read the indicator. Also look at present and historical view of indicator on the market.
This is my 3rd go to indicator and the only one I have not had to tweak in any shape or form to suit.
I have 5 top indicators, non created by myself, so thanks to the creators, gotta appreciate their work when it helps to guide you and make you see what you may not have ordinarily seen on your own.
My first 2 top indicators I did have to tweak some to suit but they stay top as they are so very useful to me in many markets in multiple timeframes.
I also use patterns/trend channels/market history to guide my trades but indicators do more for me personally.
I do not trade news, I do not even pay attention to news as I believe it is used to explain an outcome that was already determined to happen as you can in most see market setting up for a move way before a news is released and the move being set up for gets triggered either just before the news or shortly after the news comes out. All facade in my opinion.
No not all my predictions playout but once I figured out how to read specific indicators, most of my ideas (not all) have been working out well.
I also look at fibonacci sometimes but rarely pay attention to it. However, I do find it is very reliable in specific markets such as crude oil.
Hope this answers all the questions and curiosity you have or may have in the future :)
Please see related ideas for CADJPY official chart to follow outcome of this prediction...
The indicators I use reads price action, if you are unable to understand indicators, you can learn to read market yourself.
I learn trading from research via watching and reading helpful materials, here is a helpful video to understand price action. I have no affiliation to this vlog fyi, only useful recommendation;
www.youtube.com/watch?v=4MWUOAAY...