Hi! Which are the best forex indicators that can be used to spot the exit points when we are trading ? There are separate indicators for consolidating and trending markets??
Exit points are no more easier to pinpoint then entry points.
Depends on your system and how you trade.
Maybe look at using the reverse of your entry point as an exit?
eg if you are selling when RSI is high. Close when RSI is low.
The technical analysis is based on prices. When you look for potential exit points, you need to read the chart and look for strong supports or resistance (depends if you are long or short on the markets). Acquire the ability to read the prices and understand their psychology and then look for supporting indicators. I use stochastic or ADX for overbuying/overselling situations. I also use the 200 SMA as support or resistance.
When your operation hits the same level of your risk or higher just close it and enjoy your profit.
75EMA. Exit when the price crosses below / above. You lose some profit, but it also lets your butt rest and keeps you from exiting prematurely. Obviously confirm it with divergence or whatever indicator you use.