Hourly charts - best indicators?

Hay!

What would you suggest are the top indicators (together with periods) for trading within hourly time frame?

Thanks!

dude...wrong forum

e MA, 20-close

This forum.

When every one around here is all happy and annoying and rubbing pips in your face, start fading the momentum...
When everyone is grumpy and knarky start riding it

I don't use indicators... They boxa my eyes



On a more serious note concerning Timeframes...

Hourly charts will deceive you because sections of bars will shift from session open hours to session close hours..
I like the Daily weekly and 4 hour charts the best for whatever system because they are more interactive to the important times of the day.
Hourly charts are good if you know what you're looking at.. H1 and M15 are good for intraday if you can sort the noise from what's "important"..

I use all TF's I mentioned above together.. M15 not so much.

Preferably in a 1H chart I would use MA20, 30, 50, 100 and 200, BB, double/triple fib, psar, macd complete (if you have the single line macd I suggest to download the 2-line macd instead) and some trendlines on both PA (price action) as indicators (like macd) to draw ranges/divergences etc. Then use breakouts + oscillator to find the first start of the trend. Note, you canNOT use psar in a consolidation, so when the trend starts you can finally use psar. Use MA to sniff out fake outs. Don't forget that when you enter in the H1 timeframe, you have to look in the H4. But if you enter in the M15 chart, then you should look in the H1 chart. It's always x (times) 4. Another tip that most people don't know: always use D1 and H1 because these are the most used charts so they work best.. note the number '1' in D1 and H1.. most people use these charts. So tools/methods in these charts are amazingly more trustworthy.

Of course the type of trader that you are, relates to your personality and trading preference. Are you a scalper, intraday or swing trader? Note that scalpers have their result much faster than swing traders but overall it's pretty much well-known that swing or long trading is MUCH more profitable than scalp/intrady or short trading. The reason for this is simple: more people use the Monthly chart and draw trendlines on it than people would on a 1-minute chart? Do you agree? Yea! So that means the tools/methods work better on higher frame charts.

Of course, then you also have the method that you can stop early profits. When you open a long trade for 1 or 4 weeks, then the profit becomes:
-10 euro, then +20 euro, then -50 euro, then +100 euro, then -500 euro. etc etc. Usually the rule is: let the trade be because you should trust your system and THUS YOU SHOULD TRUST YOUR STOPLOSS AND TAKE PROFIT. But the method I want to stress is that instead of waiting for a +100 euro, you can also cut off the trade at +20 euro. This way you don't have so much profit, but at least you HAVE profit. You cannot use this method in short-trading.

So there you have it.

Which strategies (and methods) would you suggest that work?