Tehnical Analysis for Forex

Persson121 · Jun 26, 2012

Hi

I've notise that some forextraders don't use so mutch tehcnical analysis as they do in stocktrading.

But some does use TA in forex. And i wonder what TA is good for forex?
I have notise that MACD, Candlestick and RSI is well used. But do i need more or something else?

Rhody Trader · Jun 26, 2012

You need what works for you. Technical indicators are nothing more than filters through which we view price action. Pick the filter that suits you best.

Persson121 · Jun 26, 2012

Rhody Trader said:
You need what works for you. Technical indicators are nothing more than filters through which we view price action. Pick the filter that suits you best.

Thanks! That's a good answer

bbmac · Jun 26, 2012

Price itself (price action) is the purest of all indicators and the one from which all other studies are derived. Learn to read price action (PA) itself and compliment it if you need with indicators that may tell you something about price that price alone cannot.

G/L

Rhody Trader · Jun 26, 2012

bbmac said:
Price itself (price action) is the purest of all indicators and the one from which all other studies are derived.

I stopped short of going there in my response to avoid taking the thread into the dark side.

Tehnical Analysis for Forex

Persson121

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Rhody Trader

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Persson121

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bbmac

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Rhody Trader

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