Tuesday, May 19, 2009

Profit Target, Reversal, and Correction point Indicators

Every experience traders developed their own ways of trading and so the indicators they use to determine entry point, profit target (exit point), reversal, and correction point are varies. Where as the beginners or novice usually follow the experienced traders based on their successful experience of using the indicators.

So what are the most used indicators to determine those critical point in forex trading?

1. Slow Stochastic
2. Moving Average Convergence Divergence (MACD)
3. Relative Strength Index (RSI)
4. Chart Formation
5. Candlestick Patterns
6. Bollinger Bands
7. Simple Moving Average Combination (Exponential Moving Average)
8. Fundamental Factors (Economic data release)

Foundation of Technical Indicators (Simple Moving Average) Read
| Candlestick count post analysis Read | MACD, Slow Stochastic, Bollinger Bands Combination Read | Reversal Indicator Read | MACD & Slow Stochastic Combination Read

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