An indicator called “The Big Guy” is discussed in this video, which is a powerful tool for trading in forex markets. The video explains the entry and exit signals given by the indicator, as well as how to use the various features. It is noted that the larger the timeframe, the better the results.
Understanding the Big Guy Indicator: A Powerful Tool for Trading Forex Markets
Introduction
– Introducing the Big Guy Indicator and its effectiveness in the Forex Markets
– Acknowledging the creator of the indicator and how to find and use it
Getting Started with the Big Guy Indicator
– Adding the Big Guy Indicator to your favorites list and opening the indicator settings
– Adjusting the settings for clear visibility
Using the Yellow Triangles for Entry Signals
– Explaining how the yellow triangles indicate entry points for long positions
– Demonstrating the success rate of the signals and the importance of larger timeframe frames
Utilizing the Red Bars for Oversold Signals
– Discussing how the red bars represent the oversold area according to the RSI indicator
– Providing examples of how to use the red bars to exit trades
Confirming Signals with Green Circles
– Highlighting the green circles as an indicator of purchasing power and confirmation for the yellow triangles
– Suggesting ways to use the green circles as separate indicators
Identifying Gathering Zones with Green Mountains
– Examining the purpose of the green mountains as an addition to identify gathering zones and the end of downtrend
– Advising on the entry areas for strong buying waves caused by previous buyers
Considering the Volume Indicator Signals and Blue Areas
– Discussing how the volume indicator signals inform of additional entry points
– Cautiously approaching blue areas and not using it as an entry signal when merged with yellow lines
Evaluating the Effectiveness of the Big Guy Indicator
– Sharing positive results from using the Big Guy Indicator in gold and forex markets
– Emphasizing that larger timeframe frames provide better and more accurate results
Concluding Thoughts
– Requesting feedback from viewers on wanting more information on the Big Guy Indicator and its use with other indicators
– Encouraging subscription to access more content on trading and good wishes for successful trading