View Full Version : What are the best Forex leading indicators?
plasma
12-22-2007, 09:25 AM
Also looking for recent MT4 indicators?
look at fibonacci levels--they are probable turning points before the market gets there--you know where to be watching! use them w a trendline, channel, and something like MacD and stochastics and u've got 1/2 ur trading plan figured out!!
minibeginner
12-25-2007, 08:53 AM
What is a leading indicator?
FibMaster
12-27-2007, 06:57 PM
A leading indicator is one that predicts market action (probable). A lagging indicator informs you of what already happened. For example, a moving average will tell you that a trend has changed, after it has changed. So lagging indicators are confirming indicators.
Fibonacci techniques are the best leading indicators! We'll they're my favorite for sure. Check my website for some great video seminars on how to use Fibonacci.
ownshook
01-14-2008, 09:15 PM
Although I much prefer using price action (or learning to anyhow) instead of having a dependance on indicatiors....fibs and trendlines are my selection as a point of reference.
Great for finding possible bounces and using continuation patterns for confirmation, I find that combo very nice.
Fibmaster from this forum does have outstanding videos on fibs, their usages and even shows his "trigger" that he can use to signify entries. Very nice!
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