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THE BEST FOREX INDICATORS (Use These 2 Indicators Or Struggle FOREVER!) - YouTube
Channel: Blue Edge Crypto
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forex indicators in this video we're
going to be talking about
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what are the best 4x indicators to use
and this advice
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may shock you because it's probably
different than what you're going to hear
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from other people
talking about 4x indicators the reality
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is is that most
forex indicators are complete bs they
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have no
ability to predict the future but in
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this video i'm going to be talking about
two different indicators one common
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indicator which is probably the only
indicator you should ever look at if
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you're gonna look at indicators
in one very uncommon indicator which has
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a high probability of actually
predicting the future
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hey there my name is adam winig and we
built this whole youtube channel here at
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bluehedge financial to help make your
trading elf easy
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lucrative and fun and in this video
we're gonna be talking about
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the best forex indicators and again i
promise you this is different than
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what's taught to the herd which you may
hear us talk about on the channel are
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the uninformed which is
pretty much all retail traders and we're
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gonna be talking about is two different
indicators which are probably the only
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two indicators that you should ever use
if you're going to actually use
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indicators because the sad reality is
that
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indicators are just like a watch they
just show a different way to
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tell time but not tell time but to tell
the price that's all they're doing
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they don't really have any predictive
power of what's actually going to happen
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in the future
they just are basically telling you of
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what's happening right now and
the whole backstory behind these two
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indicators is i actually
got a chance to meet and become friends
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with and partners with a guy that was a
real professional forex bank trader
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legendary forex bank trader at that that
was responsible for managing
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a ton of money at a real professional
forex desk and he taught me
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these couple things that are actually
talked about in our book it's called
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edge trading secrets the unspoken laws
of a forex bank trader so if you want
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this more in depth
then go to our website
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blitchfinancial.com
free dash book i believe it is and you
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can download a copy for free so let's
get into it what are actually the two
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best forex indicators that you should
actually be using okay number one
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is something that's uncommon okay most
people when they think about forex
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indicators they're thinking about
technical indicators right
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there's these two schools of thought
right there's the technical and then
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there's the fundamental which is
reading the overall news that's
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happening in the economy and the broader
spectrum right well
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what nobody talks about is nobody talks
about sentiment analysis
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and nobody talks about it for a reason
because this is what the smart money
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understands that the retail traders
don't and what sentiment analysis is
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is it's simply looking at the overall
sentiment of what's happening in the
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market
for example in the market there's always
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two participants mainly right there's
the smart money and there's the
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the herd which is most retail traders or
people will call it the smart money will
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call themselves the informed and the
uninformed and what they understand
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is is that the herd is almost always
wrong if you know the statistics
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you'll know that almost 95 over 95
percent of people will actually
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lose their money trading forex and so
simply thinking hey if i just do the
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opposite of what the herd's doing
then i should have a pretty good
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advantage and if you're thinking that
way you're absolutely right and i want
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to show you some statistics to actually
back it up so i'm going to pull up this
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image right here
this is on my fx book which obviously
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you're probably familiar with uh you
know there's probably hundreds of
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thousands of traders that use
my effects book and it'll give you a
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good overall sentiment of
what the retail traders are thinking or
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what the herd is thinking so if you look
in this you can look up any currency
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pair and you can see
what is actually going on in the
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psychology and with the net positions
of the retail traders so for example to
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make this simple this is the euro us
dollar
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and you can see that most people are
short on euro us dollar about 79
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of traders trading your us dollar at the
moment are thinking that the market
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is going to uh go down so they're
selling and what's interesting is
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that the herd remember is almost always
wrong so i was just looking at this
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today
and i pulled up this picture you can
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actually find this on my effects book
too i think it's
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myfixbook.com community outlook and you
can pull up a currency pair which i
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pulled up euro us dollar again you can
see here
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in the daily chart if you look at this
big spike in the
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red positions this is meaning that the
herd is thinking that
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the market is going to drop and so
they're selling selling selling selling
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and look at what happens the market
almost goes exactly against what they
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think is going to happen the herd is
selling selling selling and the market
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just goes up up
up up up and the problem is is because
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the herd is always trying to catch the
tops and the bottoms and the smart money
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understands this
and that's why the herd almost always
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loses money especially
during long trends so simply using uh
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this little community outlook and doing
the opposite
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of what the herd is doing will give you
a massive trading edge
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in the market and at blue edge financial
arc trading systems are built on this we
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trade against the crowd almost always
with our systems
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okay this is one of the philosophies
that we built our company upon now if
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you just study this you can look at it
time and time again you'll see that this
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is always the case so take this for
example i'm going to bring up this blue
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histogram right here
and the blue histogram shows the overall
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sentiment from my fx book
okay this means the overall feeling of
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what the retail traders or the herd is
doing if they're buying or they're
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selling so you can see
in this first purple line here you can
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see that retail traders are going that
long they're buying buying buying buying
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and what happens actually in the market
the market continues to sell off sell
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off sell off sell up solid right
and it's interesting because it's almost
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exact opposite of what the herd is doing
and again we'll just see it in the
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second
section we'll see this second big purple
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line here we see that uh
price is going up yet the net long
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positions
is falling meaning that now the herd is
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beginning to sell off sell-off sell-off
sell-off and the market continues to go
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up up up up isn't that interesting now
if you look here you'll see that
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uh the third line obviously the market
begins to come down
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and if you look on the blue histogram
this is where retail traders
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are uh you know they're continuing to
buy buy buy
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and so you see this time and time again
all throughout the market that
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almost always the herd is doing exactly
opposite of what happens to the market
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so simply just using this little tool
can give you a massive advantage and a
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massive edge in trading
okay now the second indicator is more
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common okay
and what i learned from my partner that
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was a professional forex bank trader
said
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most indicators are complete crap
because it's trying to predict the top
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or the bottom it's trying to catch the
tops and bottoms and this is what
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most people in the herd actually try to
do and this is what most indicators are
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designed
to show you you think about an rsi or a
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stochastic or
most of these indicators are trying to
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tell you when is a good time to buy or
sell
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based on something being overbought or
oversold and that's a huge
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problem now the thing that would really
be beneficial
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from what i learned from different bank
traders is that the banks are always
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trying to trade with the trend and you
hear this all the time but the sad
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reality is most people don't actually do
this so
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the simple common indicator that you can
use in conjunction
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with the sentiment analysis is moving
averages it's really simple
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okay i'll pull up a picture of moving
averages most of you guys are probably
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familiar with moving averages but
basically you're gonna do a slow line uh
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in a fast line so in this case i have
the nine ema and i have the 21 ema
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and this is showing the your us dollar
on the four hour chart okay the fast ema
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is the nine
ema which is always going to hug the
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price closer
and the long ema is the ema 21
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which is kind of going to give a more
rounded
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idea of what's happening in the market
so when the fast ema the 90ma is above
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the 21 ema or the slow ema that means
that's in an uptrend as you can see
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happening here and then you can see the
market kind of has
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been choppier ranging right so a good
idea to put these two together is to
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simply look
at where can i find a trend right look
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for uh the emas that have separated a
good amount of space okay and it doesn't
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matter if you use the 9 and the 21 or if
you use you know
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the 9 and the 50 you know you should get
you know a similar idea of what's
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happening if there's
actually a trend forming in the market
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so the whole idea behind
how the smart money trades is they get
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behind these long moving trends
and when they do they continue to rile
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up their positions and they're trading
against the crowd okay they're trading
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contra crowds so if you just use these
two things
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in conjunction with whatever forex trade
strategy that you're actually using then
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you're gonna have a massive massive edge
again if you'd like to see this more in
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depth and hear the real secrets behind a
forex bank trader and how
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they think then we wrote this book
called edge trading secrets the unspoken
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laws of a forex bank trader it's amazing
it's so insightful like i highly
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recommend you guys read it
you can download it for free on our site
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blueedgefinancial.com
and i promise you it's gonna be the best
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thing that you've ever done for your
trading career
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so hopefully this was helpful if this
was helpful would you give us a like
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would you also subscribe to the channel
turn on the post notifications and
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also let me know in the comments below
what indicators are you using
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and does this make you think differently
about your trading i'd love to hear from
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you in the comments here below okay with
that being said a couple videos should
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pop up here where you can see other
stuff on our channel that's
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all made to help create your make your
trading experience elf easy lucrative
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and fun
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