Hi all again. Today I will show you 4 easy forex indicator(r.s.i.,s.a.r parabolic, alligator & cci) used all time by me in the “Trader contest’’and all my transaction.
Use of technical indicators
Charts help price in market traders identify trends, while indicators techniques help traders to see power analysis sustainability and trends.
If an indicator report a reversal,wait for confirmation before acting in the square. this means the same indicator wait to provide confirmation and for a period of time or more to get confirmation from other indicators. Patience will help to read right signals.
First indicator is r.s.i. (relative strength index)
Just give attention to the chart
-when you see the line in the ‘’70’’zone and he comeback you must put sell order.
-when you see the line in the ‘’30’’ zone and comeback tou must put sell order.it;s soo easy(this indicator is very good for 4h chart and 1 day time frame because exist risk to get false signal in small time frame chart)
Now I will explain the s.a.r parabolic indicator (stop and reversal parabolic indicator)
It’s so easy to read this indicator. Just follow the dots in the charts.
It’s very simple to use this indicator (is very good for 4h chart and 1 day time frame because exist risk to get false signal in small time frame chart)
Indicator for movement Alligator.I like to explain this because is so funny look on the chart and give attention.
When the green line is up,the crocodile wake=up from slep and want to eat something:t he mouth is opening and he increase pips.(buy signal)
When the mouth is close is signal to close the opened transaction.
When the 3 lines is busy alligator is sleping.is not indicate to eat pips when aligator is sleping.
When the green line is down, Alligator is wake-up again and he want to eat again.(signal to sell)
(is very good for 4h chart and 1 day time frame because exist risk to get false signal in small time frame chart)
The last indicator is c.c.i (commodity channel index)
Commodity Channel Index (cci)is very popular indicator used by traders. Altrought novice traders tend to pay big attention to cci in the beggining of their lerning curve,later they retunr to discover amazing potentials and beautiful simplicity of the cci indicator
And for the end…..try this 3 indicators on demo account, and then you can trade on real money account. I hope to be good for all traders. Fell free to comment/like. See on next week with news !!!