Best Forex Indicator Combination – A Combination of Indicators For Bigger Profits!

September 30, 2011 by  
Filed under Articles, Forex Trading

Best Forex Indicator Combination

The group of indicators outlined here are the best Forex trading indicators in my view and any trader novice or pro should know about them. They are all simple to learn visual indicators which are very effective. . .No indicator is perfect but if you learn how to combine the best and practice, you can build a robust Forex trading strategy for success. Here are your best Forex trading indicators and how you can use them for bigger Forex profits.

The Bollinger Bands


Developed by John Bollinger this indicator has the use of showing the volatility of a currency from the norm. You can soon spot overbought oversold levels, as volatility rises and trade into them. The middle band is a simple moving average and you can buy and sell back to it, in strongly trending markets as this area indicates value and this simple strategy is one any trader should know.The Bollinger band maybe one of the best Forex trading indicators – but you must confirm moves and for this you need some momentum indicators to time your trading signals. Let’s look at some.

Relative Strength Index RSI

Developed by trading legend Wells Wilder this is a great indicator you can use to gauge the strength of a trend. If the RSI is in favor of the trend, you stay with it, when it diverges from the trend, then its time to either bank profits or enter contrary trades. Best Forex Indicator Combination

Average Directional Movement ADX

Another indicator from Wells Wilder and like the RSI the ADX attempts to determine if the market is in a trend or not. The ADX line is a great momentum indicator and will help you trade and stay with the strongest trends. It also acts as a great indicator in terms of warning when a strong trend may change. A great profit taking signal is when the ADX rises above 40 and turns now. When this happens you can bank profits or look for contrary trades.

The Stochastic

Developed by George Lane this is probably the best indicator to help you get better market timing and execute trading signals. Stochastic crossovers can confirm any move, within a trend and also be used to take contrary trades. In contrary trades, a stochastic cross with bullish or bearish divergence (from over bought or oversold levels) against the prevailing trend is very effective. Best Forex Indicator Combination

Moving Averages


Price spikes don’t last for long and prices will return to a longer term average. In existing trends this tends to be around the 20 day average and in longer term trends, you can trail a stop back behind the 40 day moving average. This is a simple tool and every trader should use them for setting up entry and exit points.

They Work and Will Continue to Work.The above are the only indicators I use and I have been using them for 25 years. There still as effective today as they ever were. These best Forex trading indicators if used correctly can improve profits and decrease risk and that’s what all Forex traders need in their trading. Best Forex Indicator Combination

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FOREX Training Video | New York Session March 10, 2008

September 29, 2010 by  
Filed under Videos


Comments made during a speech by European Central Bank president Jean-Claude Trichet triggered a lower low for the EUR/USD during the first hour of today’s New York session. Although the pullback did provide a logical entry point for a short trade, the euro failed to extend lower on a day devoid of major US news. The yen crosses, mostly mixed through the first half of the session, surged lower across the board as equity markets sold off following a new record high in oil prices. Traders who took a short trade entry on the GBP/JPY at the re-test of European session lows, then saw a classic two-speed move — price first riding the Bollinger Band, then riding the 5 ema. Those who took profit at today’s M1 pivot point netted about 140 pips.