Moving average/trend following strategies

[AMR]

Hello FX crew,

Do any of you employ moving average crossover strategies in your FX trading? I notice a lot of you talk about Gartleys and butterflies. Is FX generally very trendless compared to indexes and shares?

Cheers

[peat]

in a discussion I was recently having there was an agreement that one tends to get whipsawed with these and that overall (in backtesting) they lose.
ichimoku is a moving average indicator tho and it can be useful.

[AMR]

Bringing up an old topic...

If trend following strategies don't work too well, what are the good ones for forex? Classic charts (double tops, H&S, etc)?

Are there any useful volume indicators?

[Steve]

The fx markets do trend, just the volitility is greater. I don't use vloume indicators for fx.

[arco]

AMR

Ichimoku would give you an all over system. (Moving averages, support/resistance, trend, etc.

You could add Macd or RSI as an additional confirmation tool.

Works best on longer time frames..... daily+
Check the chart once a day - thats all that is required.

Search the Ichimoku Magic thread here.

example
http://www.updata.co.uk/chartoftheday/cod190105.gif

arco