Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Forex Trading Strategy

Guides

1. Monthly and Weekly Time Frames

Trading Time Frames

Daily Time Frame - Slowest

4 Hourly Time Frame- Slower

1 Hour Time Frame - OK

30 Minutes Time Frame - Good

15 Minutes Time Frame - Fast

5 Minutes Time Frame - Faster

1 Minute Time Frame - Fastest


Indicators:

Support / Resistance Level Or Bollinger Bands

MACD

Stochastic

Metatrader indicators big arrow and small arrow signals

Chart Formations

Time Frames

Observations Conclusions:

Out of all technical indicators even the most perfect combinations will fail and that includes MACD, Stochastic, Bollinger Bands, Price Actions, Chart Formations. -- Nothing is perfect in forex. The rest is best of luck.

Specific support / resistance is dynamic

Ideal support / resistance is similar

No comments:

Popular Posts