Tehnical Analysis for Forex

[Persson121]

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]

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]

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]

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]

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.