View Full Version : technical indicators..
06-17-2008, 11:05 AM
Based on your experience, which one is the indicator more reliable to be used as an oscilator?
06-17-2008, 10:29 PM
Probablt stochastics, after all, it was created for that reason by George Lane to meassure when the market is overbought or oversold. Although other indicators are used for the same purpose, they where created to meassure other market conditions.
01-23-2009, 02:54 PM
reaching a value of 80, Stochastic indicates the market is overbought. When it reaches 20, market is oversold. RSI indicator also with a 0-100 scale, shows an overbought market when it reaches 70 and oversold when 30. Basically, this is useful proposing a reversal increase once the market reaches either extreme. A market could remain long time oversold when it is in a strong downtrend.
03-05-2009, 05:58 AM
Technical analysis is based upon the movement in currency prices and us of historical data to predict future prices. The main concept of technical analysis is history repeats itself and the second principle is that it is absolutely unnecessary to study current market movement as it has already reflected in currency prices. It is basically the movement in prices that needs to be studied in order to predict the direction in which prices are moving.
Technical analysis chart includes moving averages, oscillators, candlestick charts, Bollinger bands, Fibonacci levels and many more. Stochastic oscillators is the indicator I like.
04-15-2009, 01:22 PM
Thanks a lot for the information. This is really helpful for me.
05-05-2009, 02:08 AM
Not only technical fundamental analysis also plays vital role in predicting the market. Technical analysis and fundamental analysis differ greatly, but both can be useful forecasting tools for the Forex trader. They have the same goal - to predict a price or movement. The technician studies the effects, while the fundamentalist studies the causes of market movements. Many successful traders combine a mixture of both approaches for superior results.
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