How can you determine a true breakout? So you don't get whipsawed to death. - page 2
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I've been browsing this site and have seen all kind of indicators. They look great, but when i put them to the test using a practice account the trades don't go very well. So i guess I will still use the good old moving ave. But i don't like whipsaw. that is the downside of the averages. How can you determine a true breakout or trend so you can make some pips? I look at the eur/jpy and there has been a lot of trending movements, but there are time where the market is flat. That took it all away. I know you can't win them all, but i want to make progress. I need some advice or indicators that will do this.
some indicators i have used.
MA_anglezero
cci(too fast of movement. can rebound very fast)
cci-woodie(same as cci)
adx
zigzag(keeps redrawing itself-a lying indicator IMO)
stochastics
thanksMost breakouts and breakdowns occur during these banking hours.
These trading hours should be used as a general guideline when considering a new position.