The Best Forex Indicator: No. 1 Forex Trigger Indicator

Picture of dart board with title at top and dart in the middle.

Hi friend!  If you’re looking for an indicator that does all the work for you, including telling you when to pull the trigger, you’re in the right place.  No wonder I call this blog post The Best Forex Indicator: No. 1 Forex Trigger Indicator.

You will soon find out that it is the best forex signal and best forex indicator that predicts direction.

NBIf you re not yet into the forex, what I am about to reveal to you will work in any market. 

I was prompted to write this blog post when I received an e-mail from Dan M., a new member of the TradingSmarts tribe. 

He is relatively new to the forex, and is looking for a low-maintenance strategy that doesn’t require him to babysit his forex trading charts all day long, and one that will get him to his goal of making US$4,000. per month.

As I have said before, that comes from achieving 20 pips a day which, trading standard lots, nets that much.  Just do the math, and you’ll see what I mean.

This is right up my alley, because I am very much into ‘simple’ – stuff that is easy, and that works – nothing that will cause brain damage.

If you’re in a hurry, and want to get right down to the The Best Forex Indicator, click here.

If your interest is more along the lines of trading stocks, you may wish to check out these blog posts:  Stock Trading Stops, How to Pick Stocks, Stock Trading Rules, and Three Winning Stock Trading Strategies.   

Or, stick around for the Forex Tip below, and then carry on from there.

Forex Tip

The ‘Carry Trade Strategy’ goes like this… you buy a high-yielding currency, and sell a relatively lower yielding currency.  You profit in two ways:

You earn the interest rate differential between the two currencies – referred to as the ‘Carry.’  This is because you are long the higher-yielding currency and short the lower-yielding currency.

Should you hold the opposite position, wherein you are long the lower-yielder and short the higher-yielder, the interest rate differential goes against you.  This is known as the ‘Cost of Carry.’

Spot prices ascend in tandem with the interest rate differential.  Currency pairs with ‘significant interest rate differentials’ tend to appreciate in sync with the higher-yielding currency.

This is because traders who are long the high yielder get rewarded, thereby ramping up buying interest.

Traders who are short the high yielder get penalized, thus reducing selling interest.

Obviously, there is more to this strategy than what I have presented here.  If you want to know those details, please contact me.

Table of Contents:

Forex Tip
Intro
Trade Trigger Definition
The No. 1 Forex Trigger
Charts That Prove Strategy
Uber Forex Broker
Is this you?
Inspiration and Quotes
Take the Eye Test
Forex Tools
References
Conclusion

Intro

The forex market (a.k.a. the foreign exchange market) used to be the preserve of professional traders.  But, not any more.  People like you and I, together with traders all around the world who have varying degrees of experience, can now trade this exciting market.

It puts in ~US$5.3-trillion per day (YES, a day – that’s not a typo).  For the rest of it significance, please check out this blog post.

Compared to the stock market, the forex continues to be somewhat mysterious and seemingly difficult to master for newcomers.

TradingSmarts.com removes the veil around the forex, and dispels its mystique for enlightened traders like you.

You have probably heard about the forex, and know something about its potential, or you may even be involved in it already.

But, you may still have some lingering questions about how it really works, what moves it, and how best to trade it.

At TradingSmarts.com, I cater exclusively to your needs as a forex trader, or as a trader of the other markets too, offering access to an advanced forex trading platform (Tallinex), and products, services and tools customized to your forex trading needs.

My commitment to your forex trading success extends to my professional approach to the forex and unparalleled service to you, my valued customer.

I encourage you to explore other blog posts I have written on the forex – Currency Trading Strategy, Forex Trading Techniques, Forex Pivot Points, and Ten Forex Wealth Strategies  – and then give it a go at Tallinex, where you can test your mettle in that market.

My previous blog posts, together with this one and more to come in the future, will enable you to develop a structured game plan to crush the forex market.   

You can ask me questions any time at the Contact link.  There is no such thing as a stupid question.  I won’t live long enough to make all the mistakes myself.

I have written on the other markets too:  VIX, After Hours Trading, Trading Volume, Stock Trading Stops, How to Pick Stocks, Stock Trading Rules, Three Winning Stock Trading Strategies, MACD Divergence, and ADR Indicator.

Of course, I welcome comments and questions on all markets:  contact.

Trade Trigger Definition

A ‘Trade Trigger’ is typically defined as a market situation, as in a rise or fall in the price of an index or security.  It is used to automate certain types of trades, such as selling a stock, when price reaches a certain level.

I am basically talking about the same sort of thing in this blog post, except for the automation part.  You don’t really need that aspect to employ my strategy coming up next.  It’s just too easy to do it yourself, and be empowered in the process.  I hate automated anything in trading.

In this blog post, I am not dealing with a forex trigger system per se, nor am I going to conduct a forex trigger review.  More specifically, I am concerned with forex trigger alerts in the form of one specific indicator (not a myriad of forex triggers) that you will soon discover.

If you’ve been looking for forex indicators that work and the best forex indicators to use, there is only one you need concern yourself with, and here it is…

The Best Forex Indicator

And now I need your attention for the main event – the best forex indicator and signal for forex trading. 

This strategy only requires the use of MACD on your forex trading charts, although I have also plotted the 50 EMA and 200 EMA out of sheer force of habit.

The other thing that is required is that you exercise extreme patience in looking for/waiting for the set-up to occur that I am about to reveal to you.

Quite simply, this strategy calls for buying a currency pair in any timeframe, when MACD goes extremely oversold below the waterline, and then punches up through its trigger line from below.

To prove my point, I will show you eight different timeframes below – quarterly all the way down to the 5 minute – where you can clearly see that this strategy works in any timeframe.

In each case, there is a swoon in price, accompanied by MACD falling off way below the waterline, turning around, and punching up through its trigger line to denote a buy signal.

I hate to disappoint you, but that’s it… that’s the strategy in a nutshell.  Great strategies don’t have to be difficult to understand or implement.  EASY works just fine in my books.

Don’t believe all those hyped strategies on the Internet.  They’re just designed to relieve you of your money. 

Have a look at your own forex trading charts, and see if you can spot similar occurrences of this pattern.

Now, I can hear you saying, “Yeah but, you have to wait for a very long time for such signals occur.”

You are right, if you are just focused on one pair in one timeframe.  But, let’s suppose that you have 28 pairs on your forex trading platform, for the sake of  argument.  You will more than likely have many more.

If you take into consideration that each forex pair has eight possible timeframes to look at, that translates into 224 different charts that you could inspect for this particular setup.

You don’t have to look at them all, but go through as many as you can.  You are bound to find a number of situations where this exact pattern is in play, representing a great buying opportunity.

I know, I know.  I hear you saying that this amounts to a lot of work, but I didn’t say there wouldn’t be some effort required to find such trading opportunities.

As with all things trading, you have to do your homework before you press enter on a trade.  That’s just the nature of the beast.

An important lesson here is you should never fall in love with a pair.  You should only trade a pair that is cooperating – in this case price and MACD behaving as described above. 

At this point, you may have some lingering doubts about this strategy, but charts don’t lie.  Have a look at the eight charts below, before you form an opinion.

I defy you to prove that this isn’t the best indicator for forex trading.  If you put the time and effort into following it to the T, it will pay off handsomely for you.

Charts that Prove Strategy:

Picture of open book with eight lines written on right side – from quarterly down to 5 minute chart.

AUDUSD quarterly chart showing the best forex trigger – MACD punching up through its trigger line.

Chart via https://www.prorealtime.com/en/

AUDUSD monthly chart showing the best forex trigger – MACD punching up through its trigger line.

Chart via https://www.prorealtime.com/en/

USDCAD weekly chart showing the best forex trigger – MACD punching up through its trigger line.

Chart via https://www.prorealtime.com/en/

AUDUSD daily chart showing the best forex trigger – MACD punching up through its trigger line.

Chart via https://www.prorealtime.com/en/

GBPUSD 4 hour chart showing the best forex trigger – MACD punching up through its trigger line.

Chart via https://www.prorealtime.com/en/

EURUSD 1 hour chart showing the best forex trigger – MACD punching up through its trigger line.

Chart via https://www.prorealtime.com/en/

EURUSD 15 minute chart showing the best forex trigger – MACD punching up through its trigger line.

Chart via https://www.prorealtime.com/en/

GBPUSD 5 minute chart showing the best forex trigger – MACD punching up through its trigger line.

Chart via https://www.prorealtime.com/en/

Regarding the EURUSD 15 minute chart above, I’m sure you noticed that, after MACD flashed its buy signal by punching up through its trigger line, price experienced some weakness – but MACD stayed above its trigger line.

Nothing to worry about because, if you employed a 30-pip stop after your entry point, you would not have been stopped out.

As you can see from the chart, price then put in a 1-2-3 bottom, and took off from there.

Hopefully, by now, you can see why I titled this blog post, The Best Forex Indicator: No. 1 Forex Trigger Indicator.  It doesn’t get any easier than just following this strategy – patiently looking for/waiting for this setup to unfold, and then realizing that you have a bona fide trade at hand that will put money in your account. 

If you have been wondering what is the best forex indicator for forex trading, you have just found it.  Trust me… it works.  Try it.

Uber Forex Broker

Tallinex

(ECN Broker and STP Broker)

Leverage as high as 1:1000 is not reserved for a privileged few.  You can have it too at the forex broker Tallinex.

On any one of their forex trading platforms, you can trade easier, faster, and better.

These are just six of the features available at Tallinex:

  1. Mobile and tablet apps
  2. Forex managed accounts
  3. ECN raw spreads
  4. Free forex charts
  5. Free signals
  6. MT4 software

And, of course, the best forex indicator I just presented you is available at Tallinex.

You can open a no-strings, no-risk demo trading account at Tallinex that is totally free.  Then, once you are comfortable with how their forex trading platforms work, you can go on to open a live trading account.

Tallinex is open six days a week – just not on Saturdays.

As soon as you sign up with Tallinex, you will start receiving advisory e-mails, including technical reviews. 

These are their personal account options:

Picture of the personal account options at the forex broker Tallinex.

(Image via Tallinex)

(Disclaimer and Note:  Unfortunately, residents of the United States, Canada or St Vincent and The Grenadines cannot trade at Tallinex due to regulatory requirements.  This may change, if Trump is able to veto the Dodd-Frank Wall Street Reform and Consumer Protection Act, which is a massive piece of financial reform legislation enacted by Obama in 2010 as a result of the financial crisis of 2008.  Also, please also note that I am an affiliate for Tallinex.)

Is this you?

  • People who need the next paycheck – 68%.
  • People who have no emergency funds – 26%.
  • The median amount available for retirement is less than $60,000.
  • The average household has credit card debt of $7,283.
  • The average student has loan debt of $32,264.

At age 65, 95% of people are either dead broke or dead.

There is no reason why dedicating your attention to trading and investments the smart way won’t help you dig yourself out of your financial hole.  Let me know how I can help – contact.

As I have said before, achieving US$4,000 a month trading the forex is totally achievable.  Still not convinced?  Let me try again.

Inspiration and Quotes

“Speak softly, but carry a big stick.”  Teddy Roosevelt

“Know what you want, move fast, aim high, own the terms.”  Vancouver real estate tycoon Peter Thomas

“Have a sense of urgency, don’t let things fester, seize the moment.”  Sergio Marchionne, CEO Fiat Chrysler

“We are here but once.”  Lewis C. Duddridge, RCAF veteran (WWII Lancaster pilot), businessman, farmer, author – plus one of my heroes

“U.S. best friend, worst enemy.”  Kimberly Guilfoyle, Fox News

“Security can only be achieved through constant change, through discarding old ideas that have outlived their usefulness, and adapting to others to current facts.”  U.S. Associate Supreme Court Justice William O. Douglas

“An ignorant man has no fear.”  Chinese saying

“I had only ambition.  Just go ahead.  You will lose nothing.”  Oscar Zhao, CEO Blue Focus

“There’s no competition online, because you can really own a market that is very specific to you.  Don’t try to become an Internet personality just for the money.  You will burn out fast, if you’re not passionate.”  Michelle Phan, beauty advice Web star

“In my career plan has always been:  I am the last guy standing.”  John Kapoor

“When you can see what can be done, you want to be involved in something.  You want to own it.”  Philip Anschutz

“Don’t ever get the idea that you’re good or too good.  Keep fighting, that’s all.”  Dick Yeungling

“Doing the impossible is possible; it’s just not fun.”  Debbie Reynolds

“Measure twice; cut once.”  Norm Abram, long-time host of the PBS home improvement show

“You never know what you miss until you had it, and you never know what you had until you miss it.”  Anon

“Learning is a treasure that will follow its owner everywhere.” Chinese proverb.

“Conviction, knowledge… and courage.”  Anon

“People don’t plan to fail – they fail to plan.”  Ben Franklin

“Whatever you’re thinking… think bigger.”  Tony Hsieh, co-founder of Zappos

“The best way to find out if you can trust somebody is to trust them.”   Ernest Hemingway

“Stop trying to work everything out with your mind.  It will get you nowhere.  Live by inspiration and intuition, and let your whole life be a revelation.”  Eileen Caddy

“Great things are done by bringing a series of small things together.”  Vincent Van Gough

“Listening is the cheapest thing we can bring to a negotiation.  It reaps huge rewards, and it costs nothing.  Listening is the golden key that opens the door to human relationship.”  William Ury

“It’s the quality of life you experience along the way that matters – not just setting a goal.”  Anon

“Choose ethics, if it comes down to your ethics versus a job.  You can always find another job.”  Sallie Krawcheck, Corporate Bytes

“What’s past is prologue.”  Shakespeare

“Go for it ALL IN, once you know what’s most important.”  Lee Iacocca

“People can generally make time for what they want to do.  It’s the will that is lacking, not the time.”  Sir John Lubbock

“You must have long-term goals to prevent you from being frustrated by short-term failures.”  Charles C. Noble

“It’s best to eat a frog in the morning, if that is your job.  It will be the worst thing you do all day.”  Mark Twain

“We are what we do repeatedly.”  Excellence is not an act –it’s a habit.”  Aristotle

“Things that matter the least should not interfere with things that matter the most.”  Johann Wolfgang von Goethe

“It’s necessary for a man to be by himself… sit on a rock, question who he is, where he has been, and where he is going.”  Carl Sandburg

“It’s important to distinguish between cooperation and courtesy.”  Newt Gingrich

“If you can make it in one business, you can make it in another.”  Donald J. Trump

“Trust, but verify.”  Ronald Reagan

“A goal without a plan is just a wish.”  Dr. Travis Bradberry

“A man walks into a tattoo shop, and notices one particular tattoo on the wall, which read ‘Born to Lose.’  The man then asked the tattoo shop owner if people actually put that on their bodies.  To which the owner replied that, yes people do but, before they do, they already have it tattooed in their minds.”  Olivier Masabarakiza

“Positivity begets more positivity.”  Nur-E Farhana Rahman

“Fear is the great enemy of dreams, but it can be your best mentor and source of motivation.”  Paula Amato

“Fulfil your ambitions, no matter what your age is.”  John Glenn, the exemplar of ‘the right stuff,’ returned to space at the ripe old age of 77; died at 95.

“Life is like a snowball.  It’s best to find wet snow and a really long hill.”  Warren Buffett

“Tell me and I forget, teach me and I might remember, involve me and I will learn.”  Benjamin Franklin.

“To be a trailblazer, timing is crucial – so is luck.”  Ian Bremmer

“Being first is not the end goal – it’s about staying ahead of the curve.”  Heather Hasson

“Semper Fidelis (Semper Fi)”:  Always be faithful or always loyal to the cause, no matter what – Latin Marine Corps saying since 1883.

“If you want to succeed, what you need is more intentional action-taking.  And, seek out the best teachers and strategies.”  Melyssa Griffin

“You don’t understand it well enough, if you can’t explain it simply.”  Albert Einstein

“Cash is to a business like oxygen is to an individual – never thought about when around, but the only thing that pops into your mind when it isn’t.”  Warren Buffett 

“Knowledge lets you make a difference.”  Claire Fagin

“The best interest is paid by investing in knowledge.”  Benjamin Franklin

Courtesy Luis De La Torre:

“If there is a reason I have found any success, it is because I try to learn from everyone and everything, from the people I beat, from the people who beat me, from the people I dislike – even from my enemies.  There is the opportunity to learn at every step and at every juncture in life.”

“They saw problems as challenges to be overcome, not as threats.”

“Being happy will beget more success.”

“Without purpose there’s no direction but, more importantly, there’s no reason to exist.”

“Despite the disappointments you’ve already experienced in your life, you can always achieve happiness beyond what you could ever have imagined.”  Deepak Chopra

“Nothing has taught me more than failing, and nothing has motivated me more.”  Anon

“Success means not losing your enthusiasm when you go from failure to failure.”  Winston Churchill

“You have to have the mental fortitude to jump back into the game, and make better decisions.”  Advice from hedge fund manager Karim Moussalem (made MD at Goldman by age 29), as reported in Ahmed Husain’s blog.

“Isn’t it funny how nothing seems to change from day to day but, when you look back, everything looks different.”  Courtesy Ahmed Husain

If you missed the section on The Best Forex Indicator: No. 1 Forex Trigger Indicator, you can go there now.  That is pure inspiration – a strategy that even a blind, three-legged dog could implement.

Take the Eye Test

The first word that pops off the chart below best describes you.

Forex Tools

A good support and resistance MT4 indicator is available at the Contact link.  You can also request the best pivot point calculator at the same link. 

If you want a pip value calculator, here’s one you might like:  http://ca.investing.com/tools/forex-pip-calculator

At www.ProRealTime.com, you can use any number of forex trading indicators, including a forex support and resistance indicator for forex pivot points.

In my mind, the best book on trendline analysis to analyze forex trends is Tom DeMark’s ‘New Science of Technical Analysis.’

References

http://ca.investing.com/tools/forex-pip-calculator

http://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp

http://www.investopedia.com/terms/t/trade-trigger.asp

https://www.prorealtime.com/en/

Tallinex

Conclusion

There you go my friend… The Best Forex Indicator: No. 1 Forex Trigger Indicator – a strategy that is about as easy as it gets – and it works.

If more free forex training is on the radar for you, because you are perhaps just now learning forex trading, let me know here.  One-on-one forex trading lessons can also be had, as well as arranging for me to be your forex mentor.

I also provide private forex consulting lessons, if that is important to you.  That can also be requested at the same link.

Forex wealth management, in the form of forex managed accounts, is available at Tallinex.

I trust that you found this free forex training to be instructive.  More forex trading lessons are coming up in future blog posts.

If anything I have presented in this blog post is still unclear to you, please let me know at the Contact link.

In case you missed my previous blog posts, here they are:  VIX, After Hours Trading, Trading Volume, Stock Trading Stops, Currency Trading Strategy, How to Pick Stocks, Stock Trading Rules, Three Winning Stock Trading Strategies, Forex Trading Techniques, Forex Pivot Points, MACD Divergence, and ADR Indicator.

And, don’t forget, you can always check me out at the About link on this site.

If you would like to help me start a forum and be a moderator, I would love to hear from you.  Just drop me a line using the Contact provision at the bottom of my site.

If you would like to be featured in my blog, I would love to share your success story – or even your trading experience.  Please send me a message using my Contact form at the bottom of this page.

I won’t live long enough to know it all, and I won’t live long enough to make all the mistakes myself.  So, hearing your story will be most helpful not only to me, but also for my other beloved readers.

Please share this post.  Sharing is caring.  Thank you!

I look forward to your articles, feedback, ideas, stories, and suggestions for my blog.  Please post these on my blog at the Contact link below.  

HAVE FUN and ENJOY LIFE!  Remember – FAMILY comes first!

Here’s To Your Success and Quality of Life,

prbain

Peter R. Bain
PS:  Don’t let them steal your dreams!
PPS:  I will help you achieve your dreams!

About Peter R. Bain

Picture of Peter R. Bain, founder of www.TradingSmarts.com – the go-to site for all things trading.

Peter R. Bain

I am a speaker, trader, writer, aviator, car nut, Harley enthusiast but, above all else, I am here for you at TradingSmarts, which I founded some 15 years ago.

TradingSmarts is your best friend when it comes to finding anything and everything to do with trading.  Through my blog you will always find guides, news, reviews, tutorials, and much, much more.

TradingSmarts is a ‘NO-BS, No-Holds-Barred, Take-No- Prisoners’ site for traders who want the straight-bill-of-goods on how to make a full-time income trading less than part-time. 

Noel Aranas of New Jersey:  “It is my pleasure being a client of yours.”

Take your trading to the next level…

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Welcome to TradingSmarts!

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Peter R. Bain

I am a speaker, trader, writer,
aviator, car nut, Harley enthusiast
but, above all else, I am here for you.

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