What is your favourite basic indicator??? | Forex Factory

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What is your favourite basic indicator???

  • Poll

  • What is your favourite basic indicator??
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  • #1
  • First Post: Mar 13, 2007 11:13am Mar 13, 2007 11:13am
Greetings,

This forum is to reveal our preferences of the basic indicator. Please submit your ideas about what the basic indicator attached to a chart should be. What I'm talking about the basic indicator are:

-ADX
-Bolinger Band
-Moving Average
-RSI
-Stochastic
-MACD
-OBV
-Trend Line and how to draw it
-Fibonacci Retracement and how to draw it

That’s it. Please also share your time frame and settings and why you use that settings.

The purposes of this thread is to show what is the most well known basic indicator among us and why we use it.

Please don't mentioned about the custom indicator such as vegas daily, demark trend line, shi trend sig, ergodik cci, bago.

Thanx a lot
Happy Trading…
  • #2
  • Mar 13, 2007 11:28am Mar 13, 2007 11:28am
Elliott Wave Principle. It's not in the list above tho.
Tra-X
  • #3
  • Mar 13, 2007 11:35am Mar 13, 2007 11:35am
I use a combination of the following on the 4 Hour and Daily charts.

Simple trendlines

Andrews Pitchfork

Time

Price

Cycle Analysis

Basic Patterns
  • #4
  • Mar 13, 2007 12:52pm Mar 13, 2007 12:52pm
Price
  • #5
  • Mar 13, 2007 12:56pm Mar 13, 2007 12:56pm
here is an old thread w/ this topic
http://www.forexfactory.com/showthread.php?t=8731
  • #6
  • Mar 13, 2007 1:40pm Mar 13, 2007 1:40pm
Quoting turbokaos
here is an old thread w/ this topic
http://www.forexfactory.com/showthread.php?t=8731

Thanks turbokaos, I knew that someone will remind me about this thread. Anyway, I just need the opinion of others here about the basic indicator not custom made one (like the ones show in the a/m thread).

Seems like MACD rules….

Thanx…
Happy Trading…
  • #7
  • Mar 14, 2007 4:36am Mar 14, 2007 4:36am
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting Traex
Elliott Wave Principle. It's not in the list above tho.
I have never really been able to 'get' Elliott Wave's. I had to study them as part of an technical analysis subject that I did while doing my post grad. To me they always seemed to pop out and be greatly obvious when they are in the middle or left hand side of the screen (ie hindsight). To me it seemed that it was always too easy when a pattern didn't work to then call it an extension.

But then again - the reason probably why I don't really like them is because I quite simply can't seem to use them! Maybe a bit more experience is what I need!
  • #8
  • Mar 14, 2007 7:12am Mar 14, 2007 7:12am
Quoting CHECKstar
To me they always seemed to pop out and be greatly obvious when they are in the middle or left hand side of the screen (ie hindsight). To me it seemed that it was always too easy when a pattern didn't work to then call it an extension.
Agreed. Elliot Waves are amazing in the left end of the chart but useless in the right end.
  • #9
  • Mar 14, 2007 7:21am Mar 14, 2007 7:21am
definitely support and resistance..

a few EMAs too
  • #10
  • Mar 14, 2007 7:23am Mar 14, 2007 7:23am
Quoting WTB
Agreed. Elliot Waves are amazing in the left end of the chart but useless in the right end.
Of course it's useless because the waves themselves don't really matter; the principle itself isn't a trade system, but rather a theory to help us seeing price action (imho EW is a price action theory). We still need to create a trade system ourselves by using the theory, this is what matters. Just my opinion.
Tra-X
  • #11
  • Mar 14, 2007 7:31am Mar 14, 2007 7:31am
I found fib's retracemnt most useful in addition to caddlesticks
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #12
  • Mar 15, 2007 6:58am Mar 15, 2007 6:58am
Tough call between Trend Lines and MA's.
The basis of a democratic state is liberty. ~ Aristotle
  • #13
  • Mar 18, 2007 10:09am Mar 18, 2007 10:09am
Haven't read that someone put opinions about ADX??? Is there anybody out here use ADX as their main indicator???

I also seldom use it....
  • #14
  • Mar 18, 2007 10:16am Mar 18, 2007 10:16am
Quoting semar
I found fib's retracemnt most useful in addition to caddlesticks

Although never use it for trading, i found that Fibonacci retracement works great to find support and resistant level. Seems that this ret used a lot of times by the trader out there..(not to mention pivot point also)

For me MACD still rules. Still don't know how this indicator divergence works wonder for me..(beside my custom indicator, of course, because i'm breakout trend trader). If i saw it draw div, i just wait mouteki or another breakout to happen, waiting for the famous candlestick formation/pattern. or it just me...

Happy Trading
  • #15
  • Mar 18, 2007 11:29am Mar 18, 2007 11:29am
1 simple 11 period MA with RSI @ 14 , I trade the crosses on multiple time frames.
Same Whore .... Different Dress
  • #16
  • Mar 18, 2007 12:18pm Mar 18, 2007 12:18pm
Rainbow...
  • #17
  • Mar 18, 2007 12:23pm Mar 18, 2007 12:23pm
Fibo, trendlines and Average true range for trailing stop
  • #18
  • Mar 18, 2007 12:51pm Mar 18, 2007 12:51pm
Quoting johnedoe
1 simple 11 period MA with RSI @ 14 , I trade the crosses on multiple time frames.


Looks promising bro. Just don't know how to define it.
  • #19
  • Mar 18, 2007 1:08pm Mar 18, 2007 1:08pm
adx all the way baby!
Relax and be happy.
  • #20
  • Mar 18, 2007 1:25pm Mar 18, 2007 1:25pm
wow, merlin actually uses the ADX....hmm :-?

well, goodluck with that
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