Your top 3 indicators | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

TOP 100 best indicators: post good indicators here 647 replies

Why your broker is your friend and your enemy 8 replies

Custom Indicators vs. Technical Indicators 6 replies

Lagging Indicators -vs- Leading Indicators 48 replies

My Top TradingView Indicators - Share Your Favorite 0 replies

Attachments: Your top 3 indicators
Exit Attachments

Your top 3 indicators

  • #1
  • First Post: Mar 26, 2011 5:41am Mar 26, 2011 5:41am
Guys which 3 indicators would ye find most beneficial to your trading ,i.e if ye could use just 3 what would they be.
  • #2
  • Mar 26, 2011 5:47am Mar 26, 2011 5:47am
volume ,volume and volume
  • #3
  • Mar 26, 2011 10:53am Mar 26, 2011 10:53am
In forex I don't use any. And I would not recommend using any of them. Especially the oversold overbought indicators. One should learn them and their behavior but sooner or later he will realize, that you don't need them. If I were forced to use one, it would be market profile.
In Stocks, Volume is the most important part of the chart after price.
I found a penny today. That's +100 pips for me.
  • #4
  • Mar 26, 2011 11:01am Mar 26, 2011 11:01am
Quoting arrowloopboy
Guys which 3 indicators would ye find most beneficial to your trading ,i.e if ye could use just 3 what would they be.
The answers posted show that they use none. What I found interesting about the OP was that he was stating "just 3" which I infer to mean that he uses a whole lot more then 3.

For me I use only 1. RSI and I use it to show divergence and therefore the weakening of the trend. I agree with the points on Volume; however, I have never been able to find something in forex to indicate volume that I truly trust. I do use it in stock trading.
  • #5
  • Mar 26, 2011 11:04am Mar 26, 2011 11:04am
Quoting dragan53
volume ,volume and volume
I wonder which volume you're referring to. I hope not the worst proxy of volume called tick volume.

I usually have MACD histogram and RSI on my charts, with standard parameter settings. I don't use them for signals though.
The nail that sticks out gets hammered back in
  • #6
  • Mar 26, 2011 11:08am Mar 26, 2011 11:08am
drawing devices, chart patterns I'm used to; candles

methodology to organize how choose what to draw
from/around any temporary shapes I see, from candles on

-- The more basic and adaptable, the better. And no, or only per-unit (of lots), averaging. Some regular indicators like this: DutchCandle, several volume ones, B-Band using the median, rainbow or other s/r-like ma's, and so on.
  • #7
  • Mar 26, 2011 12:52pm Mar 26, 2011 12:52pm
Quoting arrowloopboy
Guys which 3 indicators would ye find most beneficial to your trading ,i.e if ye could use just 3 what would they be.
line chart and candlesticks.
  • #8
  • Mar 26, 2011 1:04pm Mar 26, 2011 1:04pm
If placed in the right context, along w/ proper money management; almost any indicator will work. I use moving averages (considered to be a tool moreso than an indicator).
  • #9
  • Mar 26, 2011 1:04pm Mar 26, 2011 1:04pm
orderflow, s/r, price action, time... ok thats 4
  • #10
  • Mar 26, 2011 1:27pm Mar 26, 2011 1:27pm
Quoting Monroe
orderflow, s/r, price action, time... ok thats 4
How do you get "Orderflow" indicator?

My top 3: MACD, Bollinger Bands and Ichimoku
Make your losses in demo. Earn your profits live.
  • #11
  • Mar 26, 2011 1:30pm Mar 26, 2011 1:30pm
Quoting arrowloopboy
Guys which 3 indicators would ye find most beneficial to your trading ,i.e if ye could use just 3 what would they be.
Hi everyone.

I prefer trading based on these three combinations of indicator;
The MACD, RSI and PSAR.

1) macd for me to look at trend.. always buy at uptrend, always sell at downtrend

2) Rsi (To me) is for market volatility.. i prefer to look at 2 tf for confirmations of a direction.

3) PSAR will make my chart looks nice.. ) alright.. psar just appear on the btm of price, i will look into buying.. vice versa

When combined its easier for me to decide an entry or exit.. Adding support lines or resistance can assist me in deciding if my position is good or average for entering a trade.. I might be wrong.




regards, have a nice weekend everyone
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Looking for entry.GIF Size: 49 KB
Click to Enlarge Name: enter at 15min candle opening.GIF Size: 52 KB
Click to Enlarge Name: exit at last high.GIF Size: 53 KB
<<|[[Making $$Money$$ is the matter of Strategy and Opportunity]]|>>
  • #12
  • Mar 26, 2011 4:23pm Mar 26, 2011 4:23pm
Quoting flyer415
The answers posted show that they use none. What I found interesting about the OP was that he was stating "just 3" which I infer to mean that he uses a whole lot more then 3.

For me I use only 1. RSI and I use it to show divergence and therefore the weakening of the trend. I agree with the points on Volume; however, I have never been able to find something in forex to indicate volume that I truly trust. I do use it in stock trading.
No,i use 3 ,ma,macd and rsi,i asked for your top 3 because i see some guys charts and they have what looks likes dozens of indis on them.
  • #13
  • Mar 26, 2011 4:27pm Mar 26, 2011 4:27pm
Quoting syamrock
Hi everyone.

I prefer trading based on these three combinations of indicator;
The MACD, RSI and PSAR.

1) macd for me to look at trend.. always buy at uptrend, always sell at downtrend

2) Rsi (To me) is for market volatility.. i prefer to look at 2 tf for confirmations of a direction.

3) PSAR will make my chart looks nice.. ) alright.. psar just appear on the btm of price, i will look into buying.. vice versa

When combined its easier for me to decide an entry or exit.. Adding support lines or resistance can assist me in deciding if my...
I trade a very simular system to this,simple,but effective
  • #14
  • Mar 26, 2011 5:15pm Mar 26, 2011 5:15pm
1 ) Price Action on a H1 chart

2 ) Price Action on a Daily chart

3 ) Price Action on a Weekly chart

And of course Support/Resistance

Easy!
COT: The precious data ignored
  • #15
  • Mar 26, 2011 7:34pm Mar 26, 2011 7:34pm
3 indicators on top of my mind are:

The first one indicator that tell you about the trend: u can use trendline or moving average whatever...

the second that can tell you the overbought, oversold status like RSI, stochastic, or resistance/support get violated extremely... or whatever

and the third one i'm still looking for ...
Back to the beginning ... demo
  • #16
  • Mar 26, 2011 7:40pm Mar 26, 2011 7:40pm
Quoting Noloqy
I wonder which volume you're referring to. I hope not the worst proxy of volume called tick volume.

I usually have MACD histogram and RSI on my charts, with standard parameter settings. I don't use them for signals though.
ahhhaah,.u know tick volume isnt actually bad for gold and silvbe,it actually has similar volume to my futures charts
  • #17
  • Mar 26, 2011 7:41pm Mar 26, 2011 7:41pm
Quoting Noloqy
I wonder which volume you're referring to. I hope not the worst proxy of volume called tick volume.

I usually have MACD histogram and RSI on my charts, with standard parameter settings. I don't use them for signals though.
forget about macd rsi they take ur eye off the real thning price action
  • #18
  • Mar 27, 2011 12:36am Mar 27, 2011 12:36am
1)a. PRICE

1)b. VOLUME

2) Time & Sales

All three can be refered to as THE TAPE.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #19
  • Mar 27, 2011 1:46am Mar 27, 2011 1:46am
1) Elliot Waves

2) Dow Theory

3) Support and Resistance

1+2+3 results in Candle Stick Patterns which gives the confirmation
  • #20
  • Mar 27, 2011 3:30am Mar 27, 2011 3:30am
trend line ,pivot and S/R
Trade responsiblypatience is the key/Swing trader
0 traders viewing now