Commander in Pips: Many traders search for it, but I have to say, that there is no such thing as magic. You will have to study each indicator, spend some time on this task. Then you will start feel it, understand how it responds in different market environments. So you’ll come to some combination that you understand and that is suitable for your trading style. Ok, now I’ll give you a small summary: Indicators for Trend estimation: 1. Different Moving Averages; 2. MACD; 3. Parabolic SAR; 4. Sometimes use Stochastic also, but for intraday charts as a rule. 5. RSI could be used as a confirmation, if it moves through 50%. Indicators for estimation of Overbought/oversold conditions: 1. Stochastic; 2. RSI; 3. DOSC; 4. Momentum; 5. Bollinger Bands. Absolutely separately stands the ADX indicator that estimates the power of a trend. My preferred pair of indicators is MACD and DOSC. P.S. This lesson was written by Sive Morten, who has been working for a large European Bank since April of 2000, and is currently a supervisor of the bank's risk assessment department. Sive's knowledge of forex market and banking industry is vast and quite complete. If you have any specific questions about forex, banking industry, or any other financial instruments, please post them on the next page and Sive should answer soon. Note: FPA ranks are earned in the battles against scam, not in the classroom.