The following is an interesting video I got in youtube about using stochastic oscillator with multiple time frames. Multiple time frames mean daily chart and hourly chart. Open daily chart and place stochastic oscillator on that with levels 30 and 70. If the trend is downwards the daily chart shows the stochastic oscillator moving averages [...]
This video explains a forex technique that uses fractals with trend lines. The author is using fractals to draw trend lines. He is also using nearest resistance as a take profit and the stop loss well below the fractal where the fractal is below all the other fractals.
He also used stochastics where the stochastics was [...]
This video explains not everything about ADX indicator but some important concepts about ADX. We learn a very important thing from this video. In Low volatility ADX will go down. If the ADX reaches the numbers 11, 12 or 13 that means there is a very low volatility. The low volatility on the ADX means [...]
SAR stands for stop and reverse. parabolic sar is used to trade signal to signal. However if we go for all the long and short trades based on the signals we may lose money. The idea behind SAR is to identify long term trends and take advantage of them. This video shows you how to use parabolic SAR indicator along with other techniques like trend line break outs etc for forex trading. The author of this video asks to identify crossovers of the new highs or new lows before entering the trading. According to the auther use break outs along with SAR for forex trading.
This video shows a moving average technique. The author of this technique is using three moving averages 10, 25 and 50. This technique is mainly for 15 minute chart and for any currency pair it works. I have verified this techniqe by drawing the moving averages the author is recommending and it looks like it is working. I haven’t really tested this technique but I will test it in my demo account. The author is also recommending money management when using this technique. He is also recommending to use support and resisnce lines and take profits accordingly when using this technique.
This is one of the very good video on a forex indicator called momentum indicator that I got today and would like to share with you. I almost don’t know how to use this indicator until I watch this video. Momentum indicator is a leading indicator. Momentum measures the rate of change in the closing prices for a currency pair. It is often used to defect weakness and likely reversal points. High momentum readings occur when a trend is at its strongest. Lower readings are found at the start or end of a trend.
MACD is one of most popular technical anlyis tool in forex trading. The following is a MACD video series consisting of two videos. In these videos the author explains how to use the MACD indicator.
The author also explains the following.
The most common formula for MACD is 12,26, 9 formula.
MACD is made up of the difference between the value of 12 day and 26 day exponential moving averages.
Then a 9 day exponentail moving average of the MACD is superimposed as the siganl line.
This is a very interesting technique I learned from this video as I have never used ATR for forex trading. ATR measures the average true range of the top to bottom of what you can see in terms of that currency pairs range for that time frame.
The author of this video explains how to use this indicator for break outs. According the author of this video Average True Range indicator can be used to find healthy breakouts.
The author also explained an example of ATR for 2007 USDCAD currency pair.
Average directional index(ADX) is also called average directional movement index(ADMX).
This is an indicator for determining the strength of a prevailing trend.
ADX is measured on a scale from 0 to 100.
There are three lines in this indicator. One line represents the positive directional index and another line represents the negative directional index and the third one represents the strength of the trend.
This video shows you how to use this indicator for forex trading.
This is a video series consisting of two videos that shows you what is an alligator indicator and how to use it for forex trading.
This video also shows you What are the entry singnals and exit signals using this alligator indicator.
This video also explains how to apply this indicator to the metatrader.
Alligator indicator is made up of with three smooth moving averages and not exponential moving averages.
When these moving averages are together which means there is no trend. When the alligator moving averages are far apart that means there is a trend.
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