In this video we take a look at how you can use the classic RSI indicator with our very own Order Flow Trader indicator to develop really profitable trading ideas at key support and resistance levels.
We show you how to identify these levels and how you can use some multi-time frame analysis with OFT to gain premium entries to fantastic trades.
We’re going to take a look at a really great method for helping you identify the trend and better yet, how to gain entry and capture big moves with reduced risk.
We’re going to use the MACD indicator to identify the trend direction. We’re going to use a moving average to identify high probability entries and we will use the Order Flow Trader to confirm our trade and enter the market.
In the world of currency trading, a great indicator alongside a solid trading plan can prove all the difference between being consistently profitable or falling flat. Here at Littlefish FX we work hard to bring you the very best indicators designed to enhance your profitability. So read on as we pick out our four must-have Forex indicators for 2017..
A really great method that traders can learn to use to their advantage is the trailing stop.
The premise is simple, as price moves in your favour heading toward your target, trail your stop (i.e if long, trail your stop higher and if short trail your stop lower) so that if price retraces you still lock in some profit.