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Which indicators do you use regularly?

  • #1
  • First Post: Oct 8, 2017 4:25am Oct 8, 2017 4:25am
Are there indicators that you regularly use and have helped you become profitable in your trading method?
I find EMA 21 in trend market a good point to entry or exit.
  • #2
  • Oct 8, 2017 4:27am Oct 8, 2017 4:27am
Quoting alesh
Are there indicators that you regularly use and have helped you become profitable in your trading method? I find EMA 21 in trend market a good point to entry or exit.
fibo , support / resis.
  • #3
  • Oct 9, 2017 1:17am Oct 9, 2017 1:17am
EMA(13) - For getting in on the longer term trend. When price can make the ema(13) above ema(13) one day ago.

MA(50) longer term trend.

Rsi(14) - Most people watch the 70 over brought level or the 30 over sold level - To me its the 50 level that is Bullish above or bearish below.

Trendlines for support and resistance levels.



KEEP IT SIMPLE!
  • #4
  • Oct 9, 2017 1:29am Oct 9, 2017 1:29am
http://charts.stockfetcher.com/sfchart/1PjF9uHrwg.png
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  • #5
  • Oct 9, 2017 10:23am Oct 9, 2017 10:23am
I prefer to use various Moving Averages in combination with candlestick analysis. In general, I think that it's preferable to use as few indicators as possible, because the more indicators you use, the more complicated and conflicted the signals you get will become.
  • #6
  • Oct 9, 2017 10:56am Oct 9, 2017 10:56am
Macroeconomic indicators in real time
  • #7
  • Oct 10, 2017 7:02am Oct 10, 2017 7:02am
Quoting doktorforex
Macroeconomic indicators in real time
Could you list a few examples?
  • #8
  • Oct 10, 2017 7:43am Oct 10, 2017 7:43am
Quoting alesh
Are there indicators that you regularly use and have helped you become profitable in your trading method? I find EMA 21 in trend market a good point to entry or exit.
If somebody tells you they use indicator A or B, will you make trading purely on that indicator? I guess not!

There is only specific number of types of indicators, just several really. The rest is variation on the theme. Why not put some effort, pick one of those indicators and really, seriously, heavily test it? That will give you more knowledge then any opinion on any technical indicator provided on this forum.

For your curiosity my approach is in this order: fundamentals + sentiment + news + gossips + technicals

And I use "technical" part to visualize what is in my mind set by four previous parts. To give me the best statistical entry in my concluded direction of the market. But that is about all technical indicators wise...

BTW... any EMA is good entry point. 210 EMA and 2100 EMA and even 21000 EMA will do as well and 21EMA. Even better. I will let you figure out why

Any system based purely on technical indicators will work... till it fails
  • #9
  • Oct 10, 2017 8:46am Oct 10, 2017 8:46am
I have permanently on my chart EMA21 and EMA200. Indicator's interpretation is what matters.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #10
  • Oct 10, 2017 9:05am Oct 10, 2017 9:05am
EMA's and in some cases Pivot Points.
No indicator will make you more profitable. Study technical analysis and your brain will turn into the best indicator.
For example Pivot Points are, imo, useless if you are not able to identify and filter strong support and resistance levels.
  • #11
  • Oct 10, 2017 9:18am Oct 10, 2017 9:18am
Quoting Upwave
EMA's and in some cases Pivot Points. No indicator will make you more profitable. Study technical analysis and your brain will turn into the best indicator. For example Pivot Points are, imo, useless if you are not able to identify and filter strong support and resistance levels.
Can you identify and filter strong support and resistance levels? I guess you have access to liquidity providers' order levels

Preempting your response, a level marked with yellow colors technically looked like strong resistance level as well as strong supply zone (whatever)... did not last long though

Yeah... I know what will come next... you will explain me why I marked this level wrongly and that is why it did not work

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  • #12
  • Oct 10, 2017 9:51am Oct 10, 2017 9:51am
Just to throw in a different approach, I use no indicators. Just price action.
  • #13
  • Oct 10, 2017 10:02am Oct 10, 2017 10:02am
Quoting jdieieh
{quote} Can you identify and filter strong support and resistance levels? I guess you have access to liquidity providers' order levels Preempting your response, a level marked with yellow colors technically looked like strong resistance level as well as strong supply zone (whatever)... did not last long though Yeah... I know what will come next... you will explain me why I marked this level wrongly and that is why it did not work {image}
My answer was pivot point related. Of course you are able to master to identify stronger pivot points than others. To filter was related 'to filter out strong and weak pp resistance and support levels'.

Quote
a level marked with yellow colors technically looked like strong resistance level

For you it might look like a strong one, for me not. This would be no relevant pp point for me. Not significant at all. You can't generalize the things.

I suggest you a great webinar related to this:
Inserted Video
  • #14
  • Oct 10, 2017 9:51pm Oct 10, 2017 9:51pm
Range bars, bollinger bands, daily high/low.. maybe some temporal support/resistance.. thats all to make money..


oh !! and 1 special pattern that almost never fail =)
  • #15
  • Oct 11, 2017 12:46am Oct 11, 2017 12:46am
YES there is .
MY HEAD and PRICE is the only indicator

RANGEs begining and END.
Frank Fadi
  • #16
  • Oct 11, 2017 2:05am Oct 11, 2017 2:05am
Quoting mlawson71
{quote} Could you list a few examples?
US CPI m/M, US Nonfarm Payrolls, Crude Oil inventories, UK Core retail sales.

any economic indicator that has the potential to move markets and lead to short term or long term price trends.
  • #17
  • Oct 11, 2017 5:20am Oct 11, 2017 5:20am
Usually:
Trend indicator for the first
Fibonacci grid on the second.
And Bollinger Bands for a snack.
Point of view is a common opinion, passed through the prism of experience
  • #18
  • Oct 11, 2017 5:22am Oct 11, 2017 5:22am
Quoting havo
Range bars, bollinger bands, daily high/low.. maybe some temporal support/resistance.. thats all to make money.. oh !! and 1 special pattern that almost never fail =)
What special pattern are you referring to?

Quoting Upwave
{quote} My answer was pivot point related. Of course you are able to master to identify stronger pivot points than others. To filter was related 'to filter out strong and weak pp resistance and support levels'. {quote} For you it might look like a strong one, for me not. This would be no relevant pp point for me. Not significant at all. You can't generalize the things. I suggest you a great webinar related to this: https://www.youtube.com/watch?v=bTjA_RcYEHQ
To be fair he used one of the worst pairs and time frames to demonstrate pivots. Pivots tend to work better on XAU and JPY and fib pivots with UTC inputs are the most accurate in my experience.
  • #19
  • Oct 11, 2017 9:27am Oct 11, 2017 9:27am
Quoting doktorforex
{quote} US CPI m/M, US Nonfarm Payrolls, Crude Oil inventories, UK Core retail sales. any economic indicator that has the potential to move markets and lead to short term or long term price trends.
Ahh, you mean news. When someone says "indicator" in a Forex context to me I immediately associate it with RSI, Moving Average, MACD, Alligator, etc.
  • #20
  • Oct 11, 2017 12:50pm Oct 11, 2017 12:50pm
OHLC bars, candlesticks.
Forex pairs.
Yep, those are indicators themselves.
The truth is hidden from you
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