Best Technical Analysis Method for forex?
What TA methodology for forex do you think is the best? Bollinger Bands? Power Wave? Name your favorite and why you think it’s best:
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Comments
I prefer the quarter method. When unsure, I flip one. I have one in my drawer named “Headly.”
Two best ideas for FX Trading;
Be extreamly skilled in Trading Money Management (it’s more important than pick the right pair.. in the right direction).
The only successful traders in FX are those with disipline that have developed their own favorite “systems”.
Honestly, none of them. First off, almost all indicators are lagging by nature. They are basically telling you what has already happened. They look great when you back test them, but when you use them in real time, its a completely different story.
Think about the purpose of them as well. Indicators are like interpreters of the market. Instead of traders figuring out how to read and understand price movement, they’d rather just let indicators do the work for them.