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Old 09-30-2009, 11:53 PM
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KP FX Trader KP FX Trader is offline
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KP FX Trader is an unknown quantity at this point
indictators

to alex and djloser,
use MACD, stochastics or rsi (they are similar, so 2 might be redundant). Drawing and obeying trend lines is key.Take top down approach, multi screen (daily, h4, h1) use h1 or h4 for entries and exits, trade in direction of trend on daily chart. Read Trading for a Living by Alexander Elder.
I also look at ATR and Bollinger Bands. and I have 5,10,25,30,50,100, and 200 SMA's plotted. I use more than one chart, because all this on 1 would be a mess. Hope this helps, patience is key. Money Management is critical.
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