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    Thread: Can you depend on one indicator only?

    1. #71
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      Honestly I don't use any indicators into my trading price chart and it's totally a blank chart which shows only Japanese candlesticks. Because I have huge experiences about using indicators and I could understand I don't suit with indicator based trading systems. Then I stopped that way and started to learn price action trading system. Now I'm in a very good situation into Forex market and I'm happy that I don't use anymore indicators.


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      mostly depend on our strategy, sometime we can use just technical type of trading but sometime we need to use fundamentals especially when any high impact news is near to announce or any market session is open, so make sure both things and make then confirm before placing an order


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      yes we can use indicator to get maximum profit from forex trading. but according to my view that we can never to be used indicator in forex trading because we are not get any experienced from forex trading so we always work with ourself in fores trading thanks


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      Yes, i just rely on indicators to guess the market trend, besides it, i also use many regular tool to understand the pivot point, and other types of turning point and positions occurrence within my preferred currency pair. I mostly used the Bollinger Band to understand market trends because it is easy to use and understand as well as i mostly preferred to use this indicator as on candlestick chart. And as you know that candlestick is also one of the easiest chart to work with it and understand the market trend and turning points.


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