We proudly use lagging indicators to trade here at No Nonsense Forex. Dumb people cannot understand why. So let’s explain it to them.
Also known as the DOM indicator, the Depth Of Market indicator attempts to tell us where most of the trading action is taking place. But is it any good at its job? This is what we really want to know.
Renko traders are a rare breed. ….as are nobel prize winners. …..as are serial killers.
It’s time to settle debate once and for all. Trade Forex with Price Action or Indicators? Actually, should there even be a debate?
People get really excited when they see the Currency Strength Meter for the first time. I’ll go ahead and be the one to tell you. It’s time we had “the talk”.
People get really excited when they first see and use the TDI indicator. Then reality sinks in.
If you’re a trend trader like we are, you need volume in the marketplace, and you need it badly. If you know how to determine if enough of it is there for you to make a good trade, you can move mountains.
This is how to backtest an indicator based on the No Nonsense Forex method of trading. This post is a response to all of the questions coming in on how to properly backtest all of the new indicators that listeners of the Forex Q&A Podcast have been discovering.
The Heikin Ashi indicator is the “Easy Button” of Forex trading. If you’re smart, this should be a red flag. It would be great if we could use it and win with it. Can we still do that?
Forex Twitter loves to point out round numbers on currency pairs and label them things like “Psychological Levels” and “Big Figure”. Don’t fall for this.