Do professional forex traders use indicators? – Learn Swing Trading India

No! The only indicator I use is the price action pattern and other market conditions, when it’s good for getting an idea of how prices are changing (in the US, this is the most common indicator).

The following is an example of how forex traders use indicators:

First of all, the price action pattern and other market conditions I use are:

Pending market action : When I see that the price action is not at one of the levels I consider as good for an indication.

: When I see that the price action is not at one of the levels I consider as good for an indication. Short-term pattern: When the pattern looks like it’s going to occur at the next short-term target price, with a gap between the targets indicated, or even after the price has surpassed the short-term target.

The above example should make clear that using indicators is never the end of the story when it comes to analyzing and predicting the price movements of a stock. In fact, it’s the first step in getting a better understanding of the price movement and its pattern.

How to find the indicator(s) used in your profession

So what indicators are used by professional forex traders? Here a few that are used on the major European forex markets and by forexfans around the world:

Prices in the European forex exchanges are displayed on the following indicators:

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Price action pattern: When there is a pattern on the price.

When there is a pattern on the price. Short-term pattern: When the pattern looks like it’s going to occur later in the day or not at all.

When the pattern looks like it’s going to occur later in the day or not at all. Stochastic short-term pattern: When it appears at least 50 percent of the time when the price is up 0.2 percent or more in value over a period of up to five seconds.

When it appears at least 50 percent of the time when the price is up 0.2 percent or more in value over a period of up to five seconds. Average trading volume: The volume of trading in the forex markets on a daily basis.

The volume of trading in the forex markets on a daily basis. Volume (at the top of the chart at 5 PM) of the markets in the trading window at least 3 minutes.

Volume of the markets in the trading window at least 3 minutes

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Do professional forex traders use indicators? – Learn Swing Trading India
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