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smiley33 · 01-05-2005, 17:16

Forexzen,

I chose the DMi (in conjunction with Momentum and ADXR smoothing) as it appears to work well on the pairs I follow.

Yes it can give wrong signals , and fuond that GBP/JPY is the best example of when it fails to work well.

Also I found that the time of your charts is crucial.

I trade the EURUSD,USDCHF,GBPUSD ,GBPCHF . For these ths signals are quite reliable I found.

I look at the 4HR and Dailies to look at general trend. Superimpose these to the 1HR chart, and base my trading entry on the 10 and 30min chart. Adding a momentum indicator (n=14) is the confirmation I need to place the trade.

I use it cause it works for me, and has removed the emotions associated with holding a position. this together with my non greedy approach seems to work fine.

What pairs did you use it on? What software are you using for your charts?

I know that different packages are not identical in chart output, so suspect that that can be a good reason.

Anyways, my tupence worth, there are a lot of folks that could put me right in my place

01-05-2005, 17:16	#18
smiley33 level 1 Join Date: Apr 2003 Posts: 56 Downloads: 0 Uploads: 0 Rep Power: 0	Re: What are the best 3 indicators? Forexzen, I chose the DMi (in conjunction with Momentum and ADXR smoothing) as it appears to work well on the pairs I follow. Yes it can give wrong signals , and fuond that GBP/JPY is the best example of when it fails to work well. Also I found that the time of your charts is crucial. I trade the EURUSD,USDCHF,GBPUSD ,GBPCHF . For these ths signals are quite reliable I found. I look at the 4HR and Dailies to look at general trend. Superimpose these to the 1HR chart, and base my trading entry on the 10 and 30min chart. Adding a momentum indicator (n=14) is the confirmation I need to place the trade. I use it cause it works for me, and has removed the emotions associated with holding a position. this together with my non greedy approach seems to work fine. What pairs did you use it on? What software are you using for your charts? I know that different packages are not identical in chart output, so suspect that that can be a good reason. Anyways, my tupence worth, there are a lot of folks that could put me right in my place __________________ I know one thing, that I know nothing. (Socrates).