[forexmaveric]

Originally Posted by CajunFX
Hello All,

I am new to Forex (might explain what I am doing here) and in my readings to date I keep hearing the message "don't over anylize the market". The other message I keep getting is that a successful trader uses just 2 or 3 indicators. So my question here is...

If you could only use 3 indicators, what 3 would you use and why?

I am still learning and many things in life you cannot learn from books so all feedback is appreciated.

Regards,

CajunFX

I use simple moving average cross-over signals on long term charts. I use weekly & monthly charts. I use a 10 day sma & a 30 day sma. When the 10 day crosses over the 30 day (a buy signal). Im selling when the 30 sma is over the 10 day. Its very simple & simple is usually better to manage & make profits. However, no indicator works all of the time. They all fail in one way or another. After all, they are to a large degree lagging indicators & will always be behind the initial price moves. No one can tell the future (: & certainly not technical indicators. By the way I use the long charts because I trade only options on forex through the CME futures exchange. I specialize in selling deep out of the money euro fx options.
Good luck to ya!!