Forex Article - Trend versus No Trend
October 20, 2005 by Trader Rich
I read an excellent article this morning discussing the use of
trending and momentum indicators. It states that during a trend,
momentum indicators should be disregarded because they generate false
signals. If the currency pair is not in a trend (currency pairs
trade in a no trend environment 2/3 of the time), then momentum
indicators should be used. Technical indicators that are
mentioned are DMI, MACD, and RSI.
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