A fellow subscriber asked me:
…I was wondering which is the best indicator for trend trading?
Here’s what I said:
There a few common indicators that trend followers use like Moving Average, Bolllinger Bands, Average True Range etc.
However all these don’t matter if you do not understand how your indicator works.
You must understand how your indicator works and how it fits into your trading plan, rather than blindly following overbought/oversold signals.
For me personally, I use the Average True Range and Moving Average indicator.
Lastly, I share my views on Sugar, NZD/USD, GBP/USD ,WTI and GBP/CAD.
I hope you’ve enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!
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