Indicators, Do I really need you?

Trading Systems
1

Indicators, Do I really need you? :confused: :confused:

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I do not want to answer now. First, I want to see an empty chart, if I could read it without using indicators.

3

Of course I can, it’s bullish :smiley:

4

Of course I can, I meant I can sell or buy :smiley:

5

Apparently I need some indicators to determine the direction of forex movement. :frowning:

6

What would I do if I want to scalp :confused: What indicators do I need most ?

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Kino CCI 30/100
Supertrend
EMA 30 apply to : close
EMA 1 apply to : High
EMA 1 apply to : Low
Fibo

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If all these indicators are added into the chart, it will look like this

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Where’s your fibo?

:slight_smile:

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Standard signal :

CCI is green.
Green supertrend above white ema.

11

Please be patience my Lady Sweet Pip. How are you :slight_smile:

12

I am about to explain the unwritten code. :frowning:

13

Euro is in bullish condition ( midnight blue) and candle moves away from white ema. Look at Supertrend it’s still [B]above[/B] white ema.

14

Range between white ema and lower red candle is 47 pips.

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I’m good thank you, but been busy lately…getting back into the school year routines…kids & their homework!.. and here I thought when I did it the first time when I was a kid, that was going to be it! lol.

:smiley:

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In 30m timeframe I tolerate only 80 pips, bigger than that means direction has changed.

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Long around mid of the range and it looks like this

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and their needs :smiley: Good at you Sweet Pip.

19

Are you sure you have not cherry picked this trade?

For balance, can we also see a situation where the trade does not go your way?

20

Now how to determine the target? We can use a pivot calculator and also fibo.

I will show you how I draw my fibo.