All My Indicators

Your Success as a Forex Trader Begins Now...Get Started Here's a confession! When I started out trading….. I was usually very nervous about pulling the trigger on a trade... and so I thought that the way I could overcome this would be… ...to focus on taking only the Best Setups….. ones that offered multiple confirmations….. So…….I would stack my charts with my Favorite Indicators…. I had my Bollinger Bands up, the Stochastics indicator, RSI, MACD, 50 Day Moving Average, CCI, and ADX… Just IMAGE what that would have looked like on my 14" inch monitor …..that I was using at the time… To say it was CLUTTERED would be an understatement….. But again….I wanted to make sure all the DUCKs were lined up before I got in a trade…. And so I traded like this…..quite unsuccessfully to say the least….for the first year or two… Then…...I met a MENTOR that really changed the way I approached trading….. He told me…….that the very first thing I needed to do was to CLEAN up my charts….. Get rid of all my indicators? I asked? I had grown quite FOND of them….even though they were not showing me any LOVE in return.. Well…..luckily I was told that I could keep the Moving Average and any 1 other indicator I wanted….. I opted for the MACD…. What I didn't realize at the time….. which I came to learn later….was that most of the indicators I was using…. Stotatics, RSI, MACD, and CCI are all momentum based indicators and were essentially measuring the same thing….. So…..while I had thought that…. ….having a lot of indicators on my screen was helping me find the best trading opportunities….the ones with multiple confirmations…..they in fact were just providing me redundant information….. ….and clogging up my charts and more importantly my BRAIN. Listen…..I am not against indicators….don't get me wrong… They have their place…...and if they work for you….. Use them by all means…. However…..Just Know that having a lot of them up on your screen does not necessarily mean you are getting a lot of confirmation…. You might be getting some psychological comfort out of it….But that's about it….. So JUST be careful with using too many…. Proven Forex Trading Signals From a Pro…Get Access -- Vic

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