AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
How William Fractals Indicator Work: The indicator isolates and identifies a potential turning...
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Q1: What is the best trading indicator?
A: Commonly used indicators include Moving Averages, RSI, MACD, and Bollinger Bands.
Q2: Can I rely solely on indicators?
A: No. Combine indicators with risk management and market analysis.
Q3: How many indicators should I use?
A: 2-3 complementary indicators are ideal to avoid conflicts.
Q4: Are trading indicators useful in crypto markets?
A: Yes, but combine with volatility indicators due to high swings.
Q5: How do I combine indicators effectively?
A: Use one trend, one momentum, and one volume/volatility indicator for confirmation.
$GBPUSD breaks down thru 1.3820 as $GBPJPY continues to fall as risk-off plays sees $JPY demand and $EURGBP bounces back to 0.8565. Some pips banked on all three. I hope the steer has helped. Do let me know.