The Best Way on Forex

[easttech]

You can't beat trading the news though! I did very well this morning ISM Non-Manufacturing Index. That was great for 25 pips. I also did a record day yesterday and won three 30 pip wins using one of the day trading strategies. I didn't want to push my luck so I stopped. I remember the days I would kill for a 90 pip day

Andrew

[Cityguy10005]

Indicators for Rangebound / Trending :
.
can anyone name the indicaters best used in :

1) Rangebound market and
2) Trending market.
.
As i learned and experienced in demo that not all indicators are best used in BOTH king of market situation.
.
thanks

[Briancio]

If you trade on news you will almost always be good but you gotta be fast. I trade with my strategies 499,507 and 529. Yes, i have gone through a lot of strategies.

Brian
Up 14.6% in Dec

[mishak]

Originally Posted by Cityguy10005

Indicators for Rangebound / Trending :
.
can anyone name the indicaters best used in :

1) Rangebound market and
2) Trending market.
.
As i learned and experienced in demo that not all indicators are best used in BOTH king of market situation.
.
thanks

Oscillators for ranging
Moving Averages for trending

[Cityguy10005]

Originally Posted by mishak

Oscillators for ranging
Moving Averages for trending

.
Thanks Mishak, appreciated..
.
I was exeriencing different Oscillators and MAs for different time frames, like Daily, hourly, 10 mins .... but seems like in different time frame these indicators gives different results.
.
For example if i am using 14 days RSI on daily chart it gives better indication compare to if i use 14 days for hourly charts.
.
still trying to understand, which sets/group of indicators would be best to use in Daily / hourly or different time frames.
.
Any help ?

[jgerousis]

Whether the market is ranging or trending, I think you have to have a strategy.

Without a strategy and without holding on it, you will not be able to trade well or make money.

If someone trades because of his own emotions, he will lose.

So find a good strategy and hook on it. There will always ups and downs. The secret lies in discpline, money management, and holding to this strategy.

[BrendanPByrne]

I went to a seminar hosted by the Learning Annex. It was hosted by Michael DiGioia from www.RDFN.com. He is formerly of Pristine.com. He explained the 4 stages of the trading cycle. Is there anyone else of whom would be a quality mentor?

[jgerousis]

The best way in forex is this
1. Develop a good system
2. Discipline
3. Get rid of fear and greed.