PipInfuse

Banned
Nov 5, 2024
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What are your go-to indicators for Forex trading? There are so many different ones out there, from the classics like RSI and MACD to the more obscure ones. Are there any indicators that you've found to be particularly effective? Or do you think they're all just noise?
 

Zerologic

Active Trader
Jul 17, 2024
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In my view, indicators are only tools to help traders, no one is always perfect at providing trading signals, like advisors, the advice given can be used or ignored.
 

fargana

Active Trader
Nov 14, 2022
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I use indicators like ATR, RSI, MACD, Bollinger Bands, and Keltner Channel, along with candlestick analysis, and I try to mix them up to get more reliable trading signals. I use these to pinpoint support and resistance levels more accurately since I build my trading systems around the S/R concept.
What are your go-to indicators for Forex trading? There are so many different ones out there, from the classics like RSI and MACD to the more obscure ones. Are there any indicators that you've found to be particularly effective? Or do you think they're all just noise?
 
Dec 14, 2023
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Just pure hype and nothing special to them. Mostly just MA based useless stuff. I mean honestly indicators are not even that necessary for trading.
 

David79

Trader
Nov 7, 2024
130
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Just pure hype and nothing special to them. Mostly just MA based useless stuff. I mean honestly indicators are not even that necessary for trading.
I agree. I feel that indicators can help with confirmation but they’re not everything. I personally use a mix of RSI and support/resistance levels to keep things simple. It’s more about how you use them rather than relying on them entirely.
 

ChelseaR

Trader
Dec 2, 2024
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I am new to trading, and currently experimenting with a few indicators to find what works the best for me. I have been using RSI to check the overbought and oversold conditions and Moving Average for spotting trends. I also tried MACD to identify the trends patterns and entry and exit points for my trade.

I have come to the understanding the indicators work even better when combined with support and resistance levels. I am still finding the one that would best suit my style of trading, if you have any suggestions, feel free to share!
 
Dec 14, 2023
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I agree. I feel that indicators can help with confirmation but they’re not everything. I personally use a mix of RSI and support/resistance levels to keep things simple. It’s more about how you use them rather than relying on them entirely.
Yes, exactly useful for confirmation only, and your combination of RSI and S/R is great and nothing overcomplicated and the rest is on your own shoulders and your take on the market. Love it, we are not so different.
 
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Reactions: David79

David79

Trader
Nov 7, 2024
130
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Yes, exactly useful for confirmation only, and your combination of RSI and S/R is great and nothing overcomplicated and the rest is on your own shoulders and your take on the market. Love it, we are not so different.
I'm glad you think so! I’ve learned that keeping it simple works best for me.
 

Milo_fx

Newbie
Dec 13, 2024
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I usually stick to the classics like RSI and MACD, they're simple, reliable, and give a clear picture of momentum and trend strength. But for precision, I also use Fibonacci retracements to spot potential reversal levels. I’ve realized that combining a few indicators rather than relying on just one helps cut through the noise and confirm setups better. Too many indicators, though, can be overwhelming.