Nsikak says Hi Justine, Thanks for the eye opener. These 3 Forex candlestick patterns are sure to boost your trading profits. As per your explanation in regarding the mean if I understood right the mean in your chart should be an EMA 15? Due to the repetitive nature of market participants and the way they react to global economic variables, the P. Al I see on your charts is what is happend not one in the future. After all, most of them are backed up by something like Myfxbook. Now and then I use Bollinger for the mean, like you use MA. Thanks Nial for this great work here! Technical indicators are no doubt a favorite topic in the financial markets. For example, you could be operating on the H1 one hour timeframe, yet the start function would execute many thousands of times per timeframe. Chepsikor Bera says Thanks very much for this insightful piece. Thank you Nial fot this eye- opening article Read on to find out if you're falling victim One way to simplify your trading giyani gold stock price guyana gold mining stock through a trading plan that includes chart indicators and a few rules as to how you should use how to buy penny stock in marijuana how to trade spot gold cfd indicators. Matt says Great article. Sure, you may have to stay on the sideline occasionally. Your affirmation in this strategy give me more confidence. For trend analysis, I use price action highs and lows. The source of just about every indicator out bitcoin lightning network exchange bitcoin in us and sell in korea is price action. Ahesan FX November 4, at pm. Keep an eye on the premise of the market.
In other words, you test your system using the past as a proxy for the present. Make sure that the statistics of your strategy add up in the long run by having the expectancy above 1. Is it risky to just rely on price action and not to use any indicators in any of my trades? Yep, the performance is pure fabrication. Again, the real market is a whole different animal. The concept of mean reversion is one of my broad-based rules for entering a trade. If a pair is too far from its central point, I will stay on the sideline regardless of how appealing the rest of the setup may be. Sir Nial this is such a great introduction. Justin Bennett says Thanks for commenting. George Mukanda October 15, at pm. The only difference is we go from not knowing anything about indicators to not caring much about them. I believe price action will give me the results I need. Technical Analysis Chart Patterns.
All said and. Hence, many have recommended to incorporate order flow trading in their current maintenance margin interactive brokers best chinese dividend paying stocks to strategies to increase the chances of success. In the chart below we can see that bitcoin exchange paypal deposit can you buy property with cryptocurrency very obvious swing trading quotes how to exit a day trade confluent pin bar setup formed in the USDJPY that kicked off a huge uptrend higher. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. E xpectancy. But indeed, the future is uncertain! Those who have been around the block know that what I say is true. Nial price action article is superb….! Take it from me. Marcio, correct. I,without any hesitation would like to comment that your articles are so simple ,informative and educative that even a novice like me can easily understand. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. These can be determined using interactive brokers software fees comparison questrade gtc gtd peaks and bottoms, round numbers, pivot points of even Fibonacci although the latter tends to be a more subjective approach. Company Authors Contact. Thanks Justin — very well explained. Thanks Justin Reply. As we discussed earlier, P. I hope you get my idea. Check out your inbox to confirm your invite.
This keeps me from buying too high or selling too low. Can Forex Trading Be Taught? No indicator can help you the way the daily and weekly time frames. M artingale. You're in the right place! But sometimes getting back to bitcoin exchange with most liquid coinbase maintenance image basics is all you need. Note: Low and High figures are for the trading day. Candlestick Patterns. Trading demands precision, bumpy charts and delayed executions work against you. Learn the little-known false breakout strategy that can turn losing trades into profitable ones. This is why you need to have the general flow of the market on your. Offsfish Nyaze October 15, at pm. And the long and short of my comment is that it is not forex simulator game signal system trading technical indicators that are wrong but we the traders. Mike G. As a Forex trader, you need to be able to determine trend strength accurately. Thanks for sharing. Those deviations can make trading more difficult, which is why I prefer the higher time frames. The EA stops performing.
This guide has it all. However, there is one little-known characteristic that can make or break this pattern. Suresh Sekaran says Hi Justin, Many traders including myself agree that indicators are not very helpful in pointing out entry and exit levels. The high degree of leverage can work against you as well as for you. And the long and short of my comment is that it is not the technical indicators that are wrong but we the traders. Those who have been around the block know that what I say is true. Vicent Michael January 21, at am. Tumelo says Thanks for the articles Sir. Price movement provides all the signals you will ever need to develop a profitable and high-probability trading system. Malik Tukur says Hi Justin, I very much appreciate what you posted. Thank you so much for this special knowledge you provide, I suggest if possible to convert to pdf so that can be easy for someone to read when they are offline. The Forex Scalpers September 6, at pm. A little wordy but agree wholeheartedly and learned something too. Support and Resistance. The brand stands as the hub of a cohesive and engaged community, a market position supported by participation in and coverage of social, charity and networking events. And only a handful that are of any use in trading. Lynette says Thank you so much Reply. All financial markets generate data about the movement of the price of a market over varying periods of time; this data is displayed on price charts.
Practice with it on a demo account or in a simulator and collect the figures. The way to untangle the mess of indicators on your chart is quite simple yet highly contested by most traders, particularly those just starting out in the business. This keeps the emotions under control and the trading objective. Not all platforms start swing trading using the wyckoff method best ema forex this way but the vast majority default to some combination of indicators. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. Joao May 14, at pm. Can you tell me about it? Everything you need to trade successfully is already on the chart ; it has been the whole time. Got it! Could you recommend any practices here for long term profitable pure price action trading on lower time frames having orders not hold open overnight? What if I told you that you could use equidistant channels to find profit targets before the pattern is even confirmed? Thanks for sharing and new traders would be wise to take your advice. I have been learning how total us stock market vanguard profit trade broker review trade with price action. Hi, I started trading just a few weeks ago and I realized indicators were very confusing within the first month or so. Thanks Justin Reply.
All of the indicators on the chart below, and indeed almost all indicators, are derived from the underlying P. Big up to your trading experience. Duration: min. Checkout Nial's Professional Trading Course here. Kabelo Qhelane August 5, at pm. Thank you! Too much clutter is not a good thing in fact its more confusing than not. Thank you Justin, I have been using the 8 and 21 EMA trend lines to identify entries but really appreciate the great insights, which you have shared. If I may ask though, what are the benefits of being your group member? But while the price action is the same for everyone, the indicator combinations are far from it. Emmanuel Binya December 15, at am. John says Me and justin one side …… Have the same story i started with 10 indicator from strategy to strategy to strategy 1,2,3 yrs and finally my chart had 2 moving average 50 and wondering what next. This gave me confidence and I traded some more. Deep Blue was a model based system with hardwired chess rules. Suresh Sekaran says Hi Justin, Many traders including myself agree that indicators are not very helpful in pointing out entry and exit levels. Eager to learn more from you….
This step-by-step guide will show you everything you want to know. In the image example below, we can see how higher highs and higher lows signal an up-trend in a market:. So what would you recommend here? This fact is unfortunate but undeniably true. AxeTrading Aims for International Growth. Give yourself time to analyse the trades and lower your trading frequency by using higher timeframes. Thanks Nial Thank you for sharing such a piece of wonderful information with us. Subscription implies consent to our privacy policy. These reoccurring price patterns or price action setups reflect changes or continuation in market sentiment. I just came across them while I was searching for articles about over trading. Mind the size of the trading capital of the commercial accounts. Those who have taken my course and are part of the Daily Price Action community know. Thanks Justin for confirming what I recently come to realize… I just use horizontal levels and use trend lines and dynamic levels to get bias and confluence. While the logic is sound, the reality of the market sb tactical golding stock how to swing trade in bitcoin a little different. Fibonacci levels are an excellent way to confirm support and resistance. Nial, I seriously can't thank you enough for your Multi time frame cci indicator mt4 ninjatrader 8 moving average color change particular science is known as Parameter Optimization. Want to know how to trade the broadening wedge pattern for consistent profits? This was back in my college days when I was learning about concurrent programming in Java threads, semaphores, and all that junk.
How would you realize pure price action trading for day trading where you act on a 15 Min chart or below if not using indicators to give you an signal especially when to take action while not wasting your time watching slow moving forex pairs not moving much for most of the time. Hi Justin Thanks for this article! Think of it as an engine, which requires constant maintenance. Thank you very much. In other words, you test your system using the past as a proxy for the present. For any beginner who do not understand what is written or you think it is not correct, read again and return back when you think about it. Thank you so much Nial. They are full of insights. I hope you get my idea. A useful sir Reply. You will receive one to two emails per week. BadruL says Thanks you so much Reply. Can you clarify 2 things for me please: 1. Everything you need to trade successfully is already on the chart ; it has been the whole time. Thanks for the clearer picture Nail! We get that by adding the four numbers together and dividing by four.
The way to untangle the mess of indicators on your chart is quite simple yet highly contested by most traders, particularly those just starting out in the business. Depending on the strategy, this can affect your expectancy either way so make sure you study the impact it has before incorporating it. That was an eye opener for, God bless for telling the truth. You may think as I did that you should use the Parameter A. Nial price action article is superb….! The next major step in trading Forex P. When the market is trending up, you can use the moving average or multiple moving averages to identify the trend and the right time to buy or sell. Take long term advantage of your positive expectancy, keep your head straight and drawdown low. It would take time to analyse the chart in order to make a trade. Kittichoti Mala November 15, at am. In the image example below, we can see how lower highs and lower lows signal a down-trend in a market:. To start, you setup your timeframes and run your program under a simulation; the tool will simulate each tick knowing that for each unit it should open at certain price, close at a certain price and, reach specified highs and lows. The RSI can be used equally well in trending or ranging markets to locate better entry and exit prices. The brand stands as the hub of a cohesive and engaged community, a market position supported by participation in and coverage of social, charity and networking events. Wow,thank you so much Sir Nail this was so eye opening and informative. I have few questions 1 On what time frame do you draw support and resistance? Olalekan Reply. That would be difficult, to say the least.
In the image example below, we can see a pin bar setup that formed at a confluent point in the market:. February 20, at pm. Reading the indicators is as simple as putting them on the chart. So insightful. Traders often feel that a complex trading strategy with many moving parts must be better when they should focus on keeping things as simple as possible. Loving this. Starts in:. Justin Bennett says No, I publicly traded private equity etf how to send an etf from paypal use them to find the mean. You will notice that if wait until it has reversed into the mean zone, there is totally little elbow space for you to place an entry. This guide has it all. Thank you so much Nial. Forex trading involves substantial risk of loss and is not suitable for all investors. Offsfish Nyaze October 15, at pm. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Avoid inactive hours and symbols without enough liquidity. You are only trading daily charts right? Akinsooto Eric Akinwale says Thanks a lot, Justin Bennett, I have tried several indicators combinations, aiming to generate consistency profits, but I end up blowing up my account several times. Secondly, controlling ones emotions matter a lot and it just works fine. Denish April 4, at pm. Hope every one can learn this price action trading easily if they read carefully this article. Give yourself time to analyse the trades and lower your trading frequency by using higher timeframes. A few years ago, driven by my curiosity, I took my first steps into the world of Forex algorithmic trading by creating a demo account and playing out simulations with fake money on the Meta Trader 4 trading platform. Justin Bennett says Thanks, Freddy.
Market is a zero-sum game — in order for you to win, someone else has to lose. Forex trading involves substantial risk of loss and is not suitable for all investors. Duration: min. The chart above was taken directly from a new MetaTrader demo account. Great article Reply. Thank you for your invaluable guidance. Thanks Nial, for this article. Thanks Nial for this valuable article And it is none of the most popular ones. It really helps. A market is a place for focus, which comes from taking thought-out, calculated risks. Even though I went through the training of some good teachers, I goal for stock brokers the price of gold during the stock market crash that studying your articles will move me another piece on my journey to be a trader. Ada Tripple A December 26, at am. Karel Reply. P urchasing a trading algorithm. Filter by. Learn Technical Analysis.
Moving averages make it easier for traders to locate trading opportunities in the direction of the overall trend. So why use a tool based on something else? All of the indicators on the chart below, and indeed almost all indicators, are derived from the underlying P. Analysing the market manually and solo adds another layer of delay. Tim van Niekerk August 27, at am. I primarily use these moving averages as a way to identify the mean. The Forex Scalpers September 6, at pm. Learn the simple 3-step approach I used to become profitable Give yourself time to analyse the trades and lower your trading frequency by using higher timeframes. A dirrent pattern at a time. The article opened my eyes and gave me better understanding on how to use them in my strategy. Thanks a million for this great informative and accurate information! Though the learning curve is long, but the end result is highly, incomparably and indisputably profitable. In other words, Parameter A is very likely to over-predict future results since any uncertainty, any shift at all will result in worse performance. Andrew Olsen says I think this is a very accurate picture of the pitfalls of using indicators. In my view the indicator with the most value is the ATR 14 and only to calculate risk using the ATR in pips for any pair.
Now that you know the direction to trade in, look for entry signals. Whether an economic variable is filtered down through a human trader or a computer trader, the movement that it creates in the market will be easily visible on a price chart. The issue is that many traders abuse them. I agree with you up to a certain point….. Forex Winners March 18, at am. Despite of that, there is still room for you to make a living in this game. Your experience is similar to what most traders go through. High stakes and adrenaline rush belong in the casinos. This method does not care about market mechanisms. Sir many many thanks. Therefore, any trader who really wants to make it big in this business has to learn this price action strategy wholeheartedly. So why use a tool based on something else? Subscription implies consent to our privacy policy.
I totally agree with you. What would you teach your rookie-self if you had the chance? In short, lagging indicators should be used for visual aid or confirmation, not for the actual trading triggers. Gjep Ahmad December 26, at am. Thank you so much for this special intraday volume profile emini oil futures you provide, I suggest if possible to convert to pdf so that can be easy for someone to read when they are offline. Please I have been loosing my investment since I join a forex market, I am a student, and I use to sponsor myself,, but you people a making money without helping me,, plz I need any one of you with the good heart who can help me…. Regardless, trade capital you can afford to lose — it eases a lot of the mental load korean crypto exchange bithumb exchange rate cli command line enables you to be less emotional. Soon, I was spending hours reading about algorithmic trading systems rule sets that determine whether you should buy or sellcustom indicatorsmarket moods, and. That said, I think each trader performs well using the strategy that works for. Auwal says Please sir , help me with a little investment to start plz I am a student Reply. Francis says Great insight. Andrew Olsen says I think this is a very accurate picture of the pitfalls of using indicators. To start, you setup your timeframes and run your program under a simulation; the tool will simulate each tick knowing that for each unit it should open at certain price, close at a certain price and, reach specified highs and lows. Identifying trade opportunities with moving averages allows you see and trade off of momentum by entering when the currency pair moves in the direction of the moving average, and exiting when it begins to move opposite. Thank u for the education. Chyka Jacobs August 11, at pm. In math, forex best indicators for price action machine learning for forex trading mean is the average of a set of numbers. I was seduced by the automatic programming for a long time. This post is only a reflection of my opinion on the matter. Emalban FX April 16, at am. Eager to learn more from you…. Mentor Nial, thanks so much for your no loss renko trading system tc2000 save layout and introduction to price action strategy, am now off to go now Mr Nial, thanks so much Reply. This particular science is known as Parameter Optimization. Great article Nial.
Am I correct or am I getting something wrong.. You have helped me to deepen my understanding of the price action strategy. Pinterest is using cookies to help give you the best experience we can. I got rid of all of them from my charts and at times I feel guilty for not using any of them. I believe price action will give me the results I need Reply. I always find that odd considering a high win rate is entirely unnecessary. Joao May 14, at pm. Very good contents in your articles. Building your own FX simulation system is an excellent option to learn more about Forex market trading, and the possibilities are endless. It just scans price curves or other data sources for predictive patterns. Nice Reply. Andrew Olsen says I think this is a very accurate picture of the pitfalls of using indicators. But while the price action is the same for everyone, the indicator combinations are far from it. No matter what strategy or system you end up trading with, having a solid understanding of P. I took the week off from work to learn more and today my last day of the week cane across this article. This step-by-step guide will show you everything you want to know. Francis de Souza November 3, at pm.
P urchasing a trading algorithm. I have been using technical indicators and truly it has been confusing me. Like all indicators, the MACD is best coupled with an identified trend or range-bound market. Pierre Mifsud says I agree with you up to a certain point…. No indicator can help you the way the daily and weekly time frames. In turn, you must acknowledge this unpredictability in your Forex predictions. Commodities Our guide explores the most traded commodities worldwide and how to start trading. Hazman Zakaria March 16, at am. Thanks a million for this great informative and accurate information! One caveat: saying that a system is "profitable" or "unprofitable" isn't always genuine. Can Forex Trading Be Taught? For example, you could be operating on the H1 one hour timeframe, yet the start function would execute many thousands of times per timeframe. We can both be musicians, forex prodigy what does the ad stand for in the forex market you perform well at playing house music and I can perform well at playing heavy metal. Check out your inbox to confirm your invite. Current Challenges With U. Thanks Justin — very well explained. If you want to how are vanguard etfs taxed grayscale investment trust bitcoin fund a great price action trader, a clean chart is a. Other trading platforms offer similar languages. This is why you need to have the general flow of the market on your. Everyone can see that same resistance level. Is there any more stuff to learn?
Technical Analysis Tools. For now, I want to focus on the sales pages for those trading robots I mentioned. Technical Analysis Chart Patterns. The reason is pretty simple; all economic data and world news that causes price movement within a market is ultimately reflected via P. During active markets, there may be numerous ticks per second. Anthony says I totally agree with you. As you may know, the Foreign Exchange Forex, or FX market is used for trading between currency pairs. Long Short. And I can tell you that the results have been amazing. Auwal says Please sir ,, help me with a little investment to start plz I am a student Reply. Shafie Mohd August 31, at pm. Thank you Nial fot this great article World-class articles, delivered weekly. Other trading platforms offer similar languages.
We get that by adding the four numbers together and dividing by. This is why machine learning and artificial intelligence are strongly incorporated with automated trading. Patterns are often distorted and not that obvious. To be sincere, as a trader, price action gives me an edge over the market every time. Tradingview lines not working on chrome trade desk stock chart continuing to use this website, you agree to our use of cookies. Let me show you. Losses can exceed deposits. Other constituencies include exchanges and other venues where the trades are executed, and the technology providers who serve the market. Lucid,brevity and stark thanks Nial. Nkululeko Sondezi says Thanks Justin for such info, may God richly bless you, i have just one question, what your take on Currency Strength Meter? Current Challenges With U. Thanks Master As a sample, here forex indicators for sale robot forex d1 the results of running the program over the M15 window for operations:. Is it worth the risk? P urchasing a trading algorithm. Direct hedging forex amibroker free intraday data, even I use technical indicators. Kabole November 5, at am. Your article has greatly helped me in my journey to continue in the my search for knowledge on price Action and mastering the trading psychology which I have discoveredto be key in profitable trading So Thank you for your educative article are learning alot from you. Coverage includes buy-side strategy, the interaction of buy- and sell-side players, technology and regulations. I ndicators. Often, systems are un profitable for periods of time based on the market's "mood," which can follow a number of chart patterns:. One caveat: saying that a system is "profitable" or "unprofitable" isn't always genuine. As per your explanation in regarding the fxopen crypto exchange etoro webtrader sign in if I understood right the mean in your chart should be an EMA 15?
I like simple black and white charts the best, as you can see below. Forex trading involves substantial risk of loss and is not suitable for all investors. Thanks for the articles Sir. The image example below shows a market moving from a consolidation phase to a trending phase:. Mind the size of the trading capital of the commercial accounts. Quintin July 28, at am. Execution wise, it is extremely difficult to manage without an algorithm to back it up, if you decide to go for it anyway. This is why machine learning and artificial intelligence are strongly incorporated with automated trading. Rogelio Nicolas Mengual. A useful sir Reply. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Indicators have slightly different values, executions will not be accurate or can even be missed and the drawdowns are not calculated correctly. In my view the indicator with the most value is the ATR 14 and only to calculate risk using the ATR in pips for any pair.
Thanks very metastock 13 rar how to thinkorswim live stream cnbc for this lighting post. Avoid anxious hours. Equity Consolidated Data. A market is a place for focus, which comes from best call option strategy day trading no leverage thought-out, calculated risks. Mike G. When the market is trending up, you can use the moving average or multiple moving averages to identify the trend and the right time to buy or sell. For trend analysis, I use price action highs and lows. Thank you for your invaluable guidance. In math, the mean is the average of a set of numbers. Pinterest is using cookies to help give you the best experience we. I decided to give it break and learn price Action for six months. I will no longer use. Forex traders make or lose money based on their timing: If they're able to sell high enough compared to when they bought, they can turn a profit. Thanks Justin — very well explained. More on that in a minute…. Chepsikor Bera says Thanks very much for this insightful piece. Those deviations can make trading more difficult, which is why I prefer the higher time frames. The RSI can be used equally well in trending or ranging markets to locate better entry and exit prices. The more you trade the worse you hurt your odds of a profitable portfolio. Keep me updated on your progress. I primarily use these moving averages as a way to identify the mean. Everything you need to trade successfully is already on the chart ; it has been the whole time.
Sometimes known as the king of oscillators, the MACD can be used well in trending or ranging markets due to its use of moving averages provide a visual display of changes in momentum. Wow,thank you so much Sir Nail this was so eye opening and informative. Other constituencies include exchanges and other venues where the trades are executed, and the technology providers who serve the market. This was back in my college days when I was learning about concurrent programming in Java threads, semaphores, and all that junk. You will notice that if wait until it has reversed into the mean zone, there is totally little elbow space for you to place an entry. The chart underneath it all was inconsequential to me. I have no idea when this was posted! There may be a few that are legitimate and can work with a few modifications, but the vast majority fail over an extended period. Aug Subscription implies consent to our privacy policy. Who is tenacious in finding a solution won. Thank you Nial I found this P. Find the best trading ideas and market forecasts from DailyFX. I see no any how much money have you made on robinhood diagonal option trading strategy
Even these I may remove with time. And so the return of Parameter A is also uncertain. The image example below shows a market moving from a consolidation phase to a trending phase:. The markets of the s or s were very different from today, so their price data can cause misleading results. Emalban FX April 16, at am. S ummary. Market Data Rates Live Chart. By clicking Accept Cookies, you agree to our use of cookies and other tracking technologies in accordance with our Cookie Policy. During slow markets, there can be minutes without a tick. Olalekan Reply.
Additionally, the value can change any time the level is breached. Freddy Mpho says Good day All said on the blog cuts numbers of years struggling and blowing accounts. Webster says Hi Justin Thanks for this article! The major problem traders have is to spot what works well for. Moving averages make it easier for traders to locate trading opportunities in the direction of the overall trend. This sort of trading might work for an institution with an immense amount of capital to back it up and provide suitable trading conditions for it. Deep Blue was a model trade volume index formula in metastock adx day trading strategy system with hardwired chess rules. Emalban FX April 16, at am. God bless you. T argets. Adegboyeg March 23, at pm. Thanks, for the lessons. Previous Article Next Article. Nate Jones says Hey Justin, Just wanted to coinbase on tariding view cryptocurrency trading getting started this is an awesome post. Emmanuel Binya December 15, at am. Thought they would be the holy grail as they would tell me when to enter a trade.
Traders Magazine. Jerome September 13, at am. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. As you might expect, it addresses some of MQL4's issues and comes with more built-in functions, which makes life easier. Combine them with patience and discipline and you'll be profiting in no time! George Mukanda October 15, at pm. Often, systems are un profitable for periods of time based on the market's "mood," which can follow a number of chart patterns:. Want to know how to effectively use impulsive and corrective waves with price action? The latter provides the most insight into what might come next. One caveat: saying that a system is "profitable" or "unprofitable" isn't always genuine. Not all that glitters is gold! The chart above was taken directly from a new MetaTrader demo account. I ended up missing on many profitable trades. Many traders opt to look at the charts as a simplified way to identify trading opportunities — using forex indicators to do so.
Thank you Nial fot this great article Oscillators like the RSI help you determine when a currency is overbought or oversold, so a reversal is likely. Is it risky to just rely on price action and not to use any indicators in any of my trades? Sulaiman December 19, at pm. I ended up adding a few more indicators to confirm my trade. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. Some use pump and dump schemes, where they run numerous parallel live accounts on relatively small capital, each with slightly different high-risk strategy. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Pheello Nkaki May 4, at am. Be extra critical of the algorithms sold on the internet. Me and justin one side …… Have the same story i started with 10 indicator from strategy to strategy to strategy 1,2,3 yrs and finally my chart had 2 moving average 50 and wondering what next. Therefore, instead of trying to analyze a million economic variables each day this is impossible obviously, although many traders try , you can simply learn to trade price action, because this style of trading allows you to easily analyze and make use of all market variables by simply reading and trading from the P. I recently ditched all of my indicators except for one and it makes reading the chart so much easier.. Thanks Justin for another light.