As far as the other topics touched on by this book, the following is a recreation of its table of contents, and if not faithful to the original, is probably pretty close... Currency Trading For Dummies, 3rd Edition by Kathleen Brooks, Brian Dolan Released February 2015 Publisher(s): For Dummies ISBN: 9781118989807 Part I: Getting Started with Currency Trading Chapter 1: What is Currency Trading? Speculating as an enterprise Currencies as the trading vehicle What Affects Currency Rates? Fundamentals drive the currency market Unless it’s the technicals that are driving the currency market Or it may be something else Developing a Trading Plan Finding your trading style Planning the trade Executing the Trading Plan from Start to Finish Chapter 2: What Is the Forex Market? Getting Inside the Numbers Trading for spot Speculating in the currency market Getting liquid without getting soaked Around the World in a Trading Day The opening of the trading week Trading in the Asia-Pacific session Trading in the European/London session Trading in the North American session Key daily times and events The U.S. dollar index Currencies and Other Financial Markets Gold Oil Stocks Bonds Getting Started with a Practice Account Chapter 3: Who Trades Currencies? Meet the Players The Interbank Market Is "The Market" Getting inside the interbank market Bank to bank and beyond Hedgers and Financial Investors Hedging your bets Global investment flows Speculators Hedge funds Day traders, big and small Governments and Central Banks Currency reserve management The Bank for International Settlements The Group of Twenty Chapter 4: The Mechanics of Currency Trading Buying and Selling Simultaneously Currencies come in pairs The long and the short of it Profit and Loss Margin balances and liquidations Unrealized and realized profit and loss Calculating profit and loss with pips Factoring profit and loss into margin calculations Understanding Rollovers and Interest Rates Currency is money, after all Value dates and trade settlement Market holidays and value dates Applying rollovers Understanding Currency Prices Bids and offers Spreads Executing a Trade Trading online Orders Part II: Driving Forces behind Currencies Chapter 5: Looking at the Big Picture Currencies and Interest Rates The future is now: Interest rate expectations Relative interest rates Monetary Policy 101 Looking at benchmark interest rates Easy money, tight money Unconventional easing Watching the central bankers Interpreting monetary policy communications Official Currency Policies and Rhetoric Currency policy or currency stance? Calling the shots on currencies Taking a closer look at currency market intervention Financial stability Debts, deficits, and growth Gauging credit risk Geopolitical Risks and Events Gauging risk sentiment Risk on or risk off? Chapter 6: Understanding and Applying Market News and Information Sourcing Market Information The art of boarding a moving train Taking the pulse of the market Rumors: Where there’s smoke, there’s fire Putting Market Information into Perspective: Focusing on Themes Driving fundamental themes Analyzing technical themes Reality Check: Expectations versus Actual The role of consensus expectations Pricing in and pricing out forecasts When good expectations go bad Anticipating alternative outcome scenarios Chapter 7: Getting Down and Dirty with Fundamental Data Finding the Data Economics 101 for Currency Traders: Making Sense of Economic Data The labor market The consumer The business sector The structural Assessing Economic Data Reports from a Trading Perspective Understanding and revising data history Getting to the core Market-Moving Economic Data Reports from the United States Labor-market reports Consumer-level data reports Business-level data reports Structural data reports Major International Data Reports Eurozone Japan United Kingdom Canada Australia New Zealand China Chapter 8: Getting to Know the Major Currency Pairs The Big Dollar: EUR/USD Trading fundamentals of EUR/USD Trading behavior of EUR/USD Tactical trading considerations in EUR/USD East Meets West: USD/JPY Trading fundamentals of USD/JPY Price action behavior of USD/JPY Tactical trading considerations in USD/JPY The Other Majors: Sterling and Aussie The British pound: GBP/USD The new kid in town: Trading the Aussie Understanding Forex Positioning Data How to interpret the data The FX fix Forex and regulation Chapter 9: Minor Currency Pairs and Cross-Currency Trading Trading the Minor Pairs Trading fundamentals of USD/CAD Trading fundamentals of NZD/USD Tactical trading considerations in USD/CAD, AUD/USD, and NZD/USD Trading the Scandies: SEK, NOK, and DKK Swedish krona — “Stocky” Norwegian krone — “Nokkie” Danish krone — “Copey” Cross-Currency Pairs Why trade the crosses? Stretching the legs Trading the JPY crosses Trading the EUR crosses Part III: Developing a Trading Plan Chapter 10: Training and Preparing for Battle Finding the Right Trading Style for You Real-world and lifestyle considerations Making time for market analysis Technical versus fundamental analysis Different Strokes for Different Folks Short-term, high-frequency day trading Medium-term directional trading Long-term macroeconomic trading Trading on Auto-Pilot Potential inputs to drive an EA system Caveat emptor on models Using social media for trading: The power of the crowd Developing Trading Discipline Taking the emotion out of trading Managing your expectations Keeping your ammunition dry Chapter 11: Cutting the Fog with Technical Analysis The Philosophy of Technical Analysis What is technical analysis? What technical analysis is not Forms of technical analysis Finding support and resistance Waiting for confirmation The Art of Technical Analysis Bar charts and candlestick charts Drawing trend lines Recognizing chart formations Fibonacci retracements The Science of Technical Analysis Momentum oscillators and studies Trend-identifying indicators Trading with clouds — Ichimoku charts Chapter 12: Identifying Trade Opportunities Developing a Routine for Market Analysis Performing Multiple-Time-Frame Technical Analysis Identifying Support and Resistance Levels Trend lines Highs and lows Congestion zones Fibonacci retracements Ichimoku levels Looking for Symmetry with Channels Drawing price channels Listening to Momentum Factoring momentum analysis into your routine Looking at momentum in multiple time frames Trading on divergences between price and momentum Using momentum for timing entry and exit Trading on Candlestick Patterns Building a Trade Strategy from Start to Finish Chapter 13: Risk-Management Considerations Managing Risk Is More Than Avoiding Losses Leverage amplifies gains and losses — and expectations Knowing your margin requirements Market liquidity, volatility, and gap risk We have a winner here! Protecting your profits Placing your orders effectively Applying Risk Management to the Trade Analyzing the trade setup to determine position size Doing the math to put the risk in cash terms Devising the trading plan in terms of risk Choosing Your Trading Broker Different business models of brokers Financial risks of brokers Technology Issues and Contingency Planning Part IV: Executing a Trading Plan Chapter 14: Pulling the Trigger Getting into the Position Buying and selling at the current market Averaging into a position Trading breakouts Making the Trade Correctly Buying and selling online Placing your orders Chapter 15: Managing the Trade Monitoring the Market while Your Trade Is Active Following the market with rate alerts Staying alert for news and data developments Keeping an eye on other financial markets Updating Your Trade Plan as Time Marches On Trend lines move over time Impending events may require trade plan adjustments Updating Order Levels as Prices Progress Increasing take-profit targets Tightening stop-loss orders to protect profits Chapter 16: Closing the Position and Evaluating Your Results Closing Out the Trade Taking profit and stopping out Setting it and forgetting it: Letting the market trigger your order Squaring up after events have happened Exiting at the right time Getting out when the price is right Assessing Your Trading Strategy Identifying what you did right and wrong Updating your trading record Part V: The Part of Tens Chapter 17: Ten Habits of Successful Currency Traders Trading with a Plan Anticipating Event Outcomes Staying Flexible Being Prepared for Trading Keeping Technically Alert Going with the Flow/Trading the Range Focusing on a Few Pairs Protecting Profits Trading with Stop Losses Watching Other Markets Chapter 18: Ten Rules of Risk Management Trade with Stop-Loss Orders Leverage to a Minimum Trade with a Plan Stay on Top of the Market Trade with an Edge Step Back from the Market Take Profit Regularly Understand Currency-Pair Selection Double-Check for Accuracy Take Money out of Your Trading Account Chapter 19: Ten Great Resources Technical Analysis of the Financial Markets Japanese Candlestick Charting Techniques Elliott Wave Principle Technical Analysis For Dummies The Book of Five Rings Market Wizards: Interviews with Top Traders Come into My Trading Room Zero Hedge BabyPips.com Forex Factory Appendix: Trading Strategies What’s Your Sign? Determining Your Trader Type Looking at Trading Strategies Based on Trader Type Strategies for the scalper Strategies for the swing trader Strategies for the position trader
Well the way I look at it is if I get one good idea out of it it was time well spent. And considering how unpopular indicators are at the moment, maybe the time, when they will regain their former glory is coming in a couple of years! And I imagine there are new indicators being built and tested every day - and in understanding those, knowing the logic behind the traditional indicators will surely help
There is a strong demand for indicators from charting software, brokers .... So there will be supply. I used to have hundreds of indicators in the chart. Now I have zero. Happy Indicator Hunting.
The indicator I omitted from Post #10 is what I call my "instantaneous" moving average. I created it when I found the Hull Moving Average (HMA) and the Zero Lag Moving Average to be unsatisfactory in their supposed roles of dealing with the problem of lag. My personal moving average was DEFINITELY coded base on the logic behind at least one traditional indicator. As you can see from the image below, my instantaneous moving average (the bold black line) does a much better job of closely tracking price action, with the thin black HMA moving a bit bizarrely in that it often exhibits swings which overshoot the candlesticks, and the purple zero lag moving average doing an even worse job of closely tracking price action... One of the keys to my "success" was in learning to code my own proprietary indicators. But, I did so only AFTER becoming relatively familiar with the standard fare already publicly available.