Originally Posted by Stroke
hello David
my name is amjad im fron U.A.E Dubai ,
im working in Dubai market Welcome to Dubai Financial Market , this market is only four hours for trading per day .

im really glad since i got started learning from your site , the vidoes was amazing and i changed the way i trade , my quetions is ..
1-please i need you to advice me is what is the best time parameter to use?

2-and what is the best indicators to use ?
.

3-also what is the best indicator and time frame to use when the market is going side ways ?

aslo this market fell so sharply in the last 3 months and it happens alot here and side ways makes me feel sick
your openinon and your help will be higly appreciated

thanks

Hi Stroke,

Glad to hear from you and welcome to the community.

Please see the posts below which provide additional information on your questions and feel free to post if you require further clarification.

What Timeframe Chart Should I Use?

What is the best indicator for trading?



Best Regards,
Dave

__________________
Disclaimer: Trading is risky and can result in substantial financial loss. As always my posts are simply one traders opinion and should not be taken as trading advice. I am not a financial adviser so everyone please do their own analysis and take responsibility for their own trades.

thanks David

i watched all of your videos , ya they helped me a lot they were very informative , but what im asking is , the market is only four hours , i need something solid to depend on to catch the buy and sell signals’ , and sometimes like 5 min 15 min and 30 min gives me for example price pattern and reversals and good indicators’ like Stochastic and RSI and moving averages and still when i go long because our market is only you can buy after you sell that’s it , though i still get fake signals !! i need to know what is the best i can use to avoid this problem ...and please when it goes side ways what to use in this period of time ?
i know you are very busy but im really interested in your opinion

thanks

Hello Stroke...

Sideway market it's one of the most fun to trade.
Indicators to use would be supports and resistances.
reversal candlesticks and RSI.

Go long when it bounce from a support.
with RSI at oversold level

Go short when it bounce from a resistance.
with RSI at overbought level.

When a support or resistance it's broken with a heavy volume, then we have a possible new trend... Depending what got broken, it's the nature of the position to enter... Breaking a resistance means go long,, and breaking a support means go short.

Either way the market moves,,, Profits can be made.. Up.. Down, Sideways...

Good luck! Good trade!

-Daniel

Hey Stroke,

Glad to hear from you.

I think it is important for people to come up with their own trading strategy that fits their style and the lessons in my course are there to help you do that.

If you have specific questions about the content there or questions on things that are not included in the course then I am glad to help, but I don't give people strategies to trade.

One thing that I will say is that a trader will never find a strategy that gives no false signals therefore what profitable traders look for is something that gives them an edge and then they manage false signals by placing stoplosses and using solid money management strategies.

Best Regards,
Dave

__________________
Disclaimer: Trading is risky and can result in substantial financial loss. As always my posts are simply one traders opinion and should not be taken as trading advice. I am not a financial adviser so everyone please do their own analysis and take responsibility for their own trades.

hello david

thank you very much for your help.

stroke