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A fellow subscriber asked me:
"Hey Rayner, I was wondering which is the best indicator for trend trading?"
Read and better watch what I had to say to him:
There a few common indicators that trend followers use like moving average, bolllinger bands, average true etc.
However all these don't matter if you do not understand how your indicator works.
You must understand how your indicator works and how it fits into your trading plan, rather than blindly following overbought/oversold signals.
For me personally, I use the average true range and moving average indicator.
Lastly, I share my views on Sugar, NZD/USD, EUR/USD and USD/JPY.
A fellow subscriber asked me:
"Hey Rayner, I was wondering which is the best indicator for trend trading?"
Read and better watch what I had to say to him:
There a few common indicators that trend followers use like moving average, bolllinger bands, average true etc.
However all these don't matter if you do not understand how your indicator works.
You must understand how your indicator works and how it fits into your trading plan, rather than blindly following overbought/oversold signals.
For me personally, I use the average true range and moving average indicator.
Lastly, I share my views on Sugar, NZD/USD, EUR/USD and USD/JPY.
