Justin discusses three Forex indicators that can improve your trading, including the kangaroo tail, the daily open indicator, and the ATR stop-loss tool. He emphasizes the importance of understanding market structure and basic concepts before relying on indicators. The kangaroo tail is a reversal candle that can help identify better reversals in the market, while the daily open indicator marks the closing and opening times of Forex sessions. The ATR stop-loss tool determines the placement of the stop-loss depending on the timeframe. Justin recommends checking out his website for more information on these indicators.
write 1000 words and add headings article based on this youtube scriptHow’s it going everyone Justin again here and in this video I’m gonna talk about three Forex indicators that will improve your trading immediately it is so crazy how nowadays you can just get an indicator I mean it’s nothing new it’s been around ever since meta trader has been created you know there’s a Whole community of people creating indicators selling indicators giving away free indicators and a lot of them are trash and there are a few of them that are actually pretty good and if you know what you’re doing and if you know how to use it properly with your own Strategy it can be very beneficial for you so I’m gonna talk about the three different indicators that I personally looked into and I find to be actually very helpful especially for those of you that trade naked right literally naked but you know what I mean you know you Don’t have any crazy you know analysis on your chart I look at these people online and it’s like as if they have a constellation on their chart I don’t even know what I’m looking at they have hieroglyphics on their chart like come on trade naked so simple understand price action understand market structure Basic things like this will help you become more profitable long term you’re gonna have one in weeks you’re gonna have losing weeks by the end of the day understand the basics of the forex market you don’t have to go out and spend thousands of dollars on a course Just go to baby pips calm learn the very basics of market structure and that in itself will help you become more profitable you do not need to rely on indicators but here’s what I do like to say about indicators depending on which indicators you get it will help enhance Your experience think of it like working out how many of you out there work out constantly do you have some kind of supplement you know thing that you do on a daily basis maybe you take some vitamin C maybe you take some protein powder maybe take some creatine Whatever your supplement you know thing is that is part of some people’s workout routine they take supplements and that supplement in this case is like an indicator it just helps you increase your trading experience even more and faster let’s just get straight to it I’m done talking about that three indicators That will help you increase your training experience right now right so the first one is actually very helpful it is called the kangaroo tail and you’ve seen me make probably about three or four videos on this especially with my buddy Todd he is killing it right now Trading indices so if you wanna check him out check out his channel I linked him on one of my preview videos so feel free to check those out but the kangaroo tail is basically a reversal candle that’s it it’s very similar to a pin bar candle it’s very Similar pin bar but it’s actually slightly different if you haven’t read the book naked 4x I’m guilty I haven’t read the book yet but I did read that page that my buddy Todd sent me explaining what a kangaroo tail is and how it’s pretty different from a pin bar And the reason why kangaroo tails are more accurate in our opinion than actually a pin bar candle so Google it do some research do some research look into what a kangaroo tail is because it’s gonna help you spot better reversals in the market in my opinion better than any indicator Out there so as an example this is you see Japanese yen on the one hour time frame here was a kangaroo tail you see how simple this was so starting from this kangaroo tail down to here that was a 80 pip drop and the thing is this indicator does not repaint it does Not repaint because it’s just letting you know when a specific candle appears and look at this a kangaroo tail appeared at resistance so this would have been the perfect sell entry right here by about 70 80 pips and if you wanted to hold it it even predicted the Breakout so it fell all the way down here by about 404 to 60 pips which comes down here to the nearest demand zone so if you don’t know what supply and demand is this is basically a demand zone right here so it predicted the breakout of 400 Pips so that’s what I’m saying if you understand the market if you understand marker structure an indicator just enhances what you already know it just makes it 10 times easier for you so that’s one indicator that I recommend it is called the kangaroo tail indicator and I have that link below it’s actually On my website all the indicators that I either use or I personally recommend based off my testing they’ll be on my website Pizza hakam /downloads again that’ll be linked down below so you can see all the indicators that I either use or recommend ok so the second indicator That we’re gonna look at is called the daily open indicator for those who they don’t know yes Forex is open 24 5 so even though there is technically no closing time throughout the week there is basically a closing time which is 5 p.m. Eastern Standard Time that is Basically a shift between one session to the next that’s why you’ll also notice that at 5:00 p.m. eastern center time every single day the spreads increased like crazy that’s because the sessions are about to switch and all this stuff right so this right here this indicator you See these dotted lines this is letting you know once 5:00 p.m. Eastern Standard Time comes around and when the new session is about to open up right when the the new day is about to start so this is why it has a daily open so I’m not gonna go Into a whole daily open trading strategy but there are many people out there who make a full time income just trading based off of the daily open or the daily closed on any Forex pair you can look into it I just want to show you this is One indicator that that could be a very good use for you if you understand market structure you know daily open close times it gets very technical but at the same time it’s a very simple in nature here’s an example so you will notice that you could pretty much come Up with your own strategy during a trend if you’re gonna trade based off of the market open on a daily basis okay so let me show you an example of what some people would do when it comes to actually trading the daily open and you can see how powerful this is during a Trend so as an example right here is USD Japanese and coincidentally we have a kangaroo tail before the trend started so that was a 240 something pip move up pretty interesting but right here as you can see do you notice a pattern okay do you notice a common pattern right here Is a low right here is a low right here is a low so every time USD Japanese yen made a high it corrected itself it created some spikes and then it shot back up corrected itself shot back up okay so my third and final indicator that I’m going to talk about is called The ATR stop-loss tool now this one has actually helped me for the past what three or four days now I did a lot of test trades on my own it was so crazy to see how accurate this was basically what this does it helps you determine where To place your stop loss depending on what time frame you have it connected to so if you see right here on the one-hour time frame it says stop-loss should be about 31 pips if I were to get into a trade now it’s not telling you what’s a Trade it’s not…