Moving Average : helps in identifies a direction of a trend; helps to finds trend reversals; it shows potential support and resistance levels. You can choose any timeframe you want to trade and there are various options for each timeframe.
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But, you shouldnt throw in ADX, Bollinger Bands, channels, and etc. It identifies when the price is gaining or losing momentum. Many Indicators exist in Forex like : Commodity channel index (CCI). Act as an entry trigger? As a Price action trader I am using:. Showing only 2 lines, excludes all other currencies). Because youve got your moving average and thats all you need, period. But the good news is You can just switch on the Forex Session indicator and find the blue vertical what is forex market online line on your chart because thats the candle of London open. Moving Average and, relative Strength Index in forex trading, there is no particular reason why i use both indicators. Start from a certain number of bars/candlesticks.