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Your top 3 indicators

  • #121
  • Edited 7:54am Dec 24, 2016 7:30am | Edited 7:54am
Quoting Beslim
Everyone that answered 'Price Action' in this thread.. I sincerely hope you're not trading live. {image}

as opposed to following lagging indicators. To me its price action and one moving average on any time frame . Lets say ema(13) and price. Like a rubber band price will go back and forth from that average. If price action doesn't change the direction of a moving average at the crossover or one day after of crossover. Then direction is still heading in the same direction previous to the crossover. If price remounts above or below with previous direction trend then IMHO its a good place to buy in. Just saying ! (Edit- Volume. See the BAC chart below. Say from october 2016 on and on up days the big volume are way above the down days. To me that's the traders taking new positions because they don't want to get stranded at the station.

Attached Image (click to enlarge)
Click to Enlarge Name: BAC.png Size: 150 KB
  • #122
  • Dec 24, 2016 7:30am Dec 24, 2016 7:30am
All indicators except for volume, delta and market profile (all not really indicators anyway) will be lagging. If you trade using indicators you will forever be trading with the rest of the retail traders at retail prices instead of with the institutions at wholesale prices. Institutional traders do not use indicators except for certain moving averages. No institutional trader is going to sell a market because their stochastic is showing overbought. They would be fired.

Trade using the above three would be a start however they are only part of the puzzle

You trade effectively you need to build a narrative before entering a position using the following:

  1. Value
  2. Fundamentals
  3. Sentiment
  4. Wholesale price levels
  5. Price action on multiple time frames
  6. Volume and delta (Supply and demand)

Boxing clever since 76.
  • #123
  • Dec 24, 2016 7:44am Dec 24, 2016 7:44am
It seems to me that pretty much all technical indicators are ma related in their calculations in one form or another.

So, determine an established price level, let price do it's thing, enter when price re-visits established p/l...otherwise known as a pullback!
  • #124
  • Dec 24, 2016 8:51am Dec 24, 2016 8:51am
Moving average,Rsi and support resistance.
  • #125
  • Dec 24, 2016 9:09am Dec 24, 2016 9:09am
Quoting copi88
All indicators except for volume, delta and market profile (all not really indicators anyway) will be lagging....
They say that volume is lagging as well.
  • #126
  • Dec 24, 2016 9:40am Dec 24, 2016 9:40am
Quoting ruma29
{quote} They say that volume is lagging as well.
Price itself is lagging.

Keep in mind that what you see on your chart (price) is the result of an action taken upstream.
MT4/MT5 EAs/Indicators/Alerts coder
  • #127
  • Dec 24, 2016 9:49am Dec 24, 2016 9:49am
Merry Christmas...
Mindset Is Everything
  • #128
  • Dec 24, 2016 9:56am Dec 24, 2016 9:56am
I simply use Moving Average 20 to detect signal.

Buy : Break High
Sell : Break Low
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.mM30.png Size: 52 KB
Mindset Is Everything
  • #129
  • Dec 24, 2016 10:07am Dec 24, 2016 10:07am
Quoting copi88
All indicators except for volume, delta and market profile (all not really indicators anyway) will be lagging. If you trade using indicators you will forever be trading with the rest of the retail traders at retail prices instead of with the institutions at wholesale prices. Institutional traders do not use indicators except for certain moving averages. No institutional trader is going to sell a market because their stochastic is showing overbought. They would be fired. Trade using the above three would be a start however they are only part of the...
I am constantly amazed by the amount of people on FF claim to know how professionals trade. Trading every Stochastic or whatever indicator's signal blindly can be just as devastating as trading every S/R level or whatever signal MP and Volume generates.
Invincibility lies in the defence; the possibility of victory in the attack
  • #130
  • Dec 24, 2016 10:28am Dec 24, 2016 10:28am
It doesn't important what indicator you use,
The question is are you consistently profitable ??

cheers..
Mindset Is Everything
  • #131
  • Dec 25, 2016 1:43am Dec 25, 2016 1:43am
Quoting FerruFx
{quote} Price itself is lagging. Keep in mind that what you see on your chart (price) is the result of an action taken upstream.
perfect! The market move first then price,
don't predict direction, but dance with flow of water
  • #132
  • Dec 26, 2016 3:54am Dec 26, 2016 3:54am
Quoting BBalazs
{quote} I am constantly amazed by the amount of people on FF claim to know how professionals trade. Trading every Stochastic or whatever indicator's signal blindly can be just as devastating as trading every S/R level or whatever signal MP and Volume generates.
I worked in investment banking for 15 years so have a good idea. I never said that someone should trade off volume and MP signals. I said it offers a clue as to what the institutional traders are doing in the markets and you need to factor in the rest of the items I listed. The question was what are the three top indicators, those are them. I agree 100% trading off just those three will not work.

The reason is that S/R levels more often than not dont work. If they did we would all be rich. In fact many institutional traders very rarely even use charts in trading so why would they work?
Boxing clever since 76.
  • #133
  • Dec 26, 2016 4:44am Dec 26, 2016 4:44am
Quoting copi88
{quote} I worked in investment banking for 15 years so have a good idea. I never said that someone should trade off volume and MP signals. I said it offers a clue as to what the institutional traders are doing in the markets and you need to factor in the rest of the items I listed. The question was what are the three top indicators, those are them. I agree 100% trading off just those three will not work. The reason is that S/R levels more often than not dont work. If they did we would all be rich. In fact many institutional traders very rarely even...
You are probably right, I never worked in a field related to professional investing so I can only guess. I just wanted to point out that there is nothing wrong with using indicators regardless of what PA heroes say.
Invincibility lies in the defence; the possibility of victory in the attack
  • #134
  • Dec 26, 2016 5:04am Dec 26, 2016 5:04am
JUST MA

find trend on D1 H4 H1
AND TAKE POSITION ON m1
regard
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
  • #135
  • Dec 26, 2016 6:53am Dec 26, 2016 6:53am
Successfull breakout....PA.

Successfull MA cross with long duration...days or weeks. ...(time).

News big impact that be in your side.

When, where still in question.
Yen bodho ki ojo nemen nemen...
  • #136
  • Edited 8:17am Dec 26, 2016 7:24am | Edited 8:17am
Quoting copi88
...The reason is that S/R levels more often than not don't work. If they did we would all be rich. In fact many institutional traders very rarely even use charts in trading so why would they work?
Probably is out of topic but could not resist to ask, influenced with your experience of 15 years, your presence in VSA threads...: Markets are absolutely organized and that is reflected on charts immediately. What do you think how market makers keep charts/trading absolutely organized if they don't follow SR, SD, EMA...Volume...? They must follow something, guided by something, there are thousands of markets in all kind of financial products...and all work on same way. if it is random it would be chaos...If professionals don't use charts then what they use? charts are perfectly organized( created on same logic).

Here you said they don't use indicators except some MA and you did not skip anything else to list:

Quoting copi88
.... Institutional traders do not use indicators except for certain moving averages. ....you need to build a narrative before entering a position using the following: Value Fundamentals Sentiment Wholesale price levels Price action on multiple time frames Volume and delta (Supply and demand)
with all these you listed and excluded how on the earth they don't use charts which are perfectly created?
  • #137
  • Dec 26, 2016 7:26am Dec 26, 2016 7:26am
Fibs.. is the only "usable" indicator in my opinion.. just my opinion.
  • #138
  • Edited 8:54am Dec 26, 2016 8:29am | Edited 8:54am
Quoting ruma29
{quote}Probably is out of topic but could not resist to ask, influenced with your experience of 15 years, your presence in VSA threads...: Markets are absolutely organized and that is reflected on charts immediately. What do you think how market makers keep charts/trading absolutely organised if they don't follow SR, SD, EMA...Volume...? They must follow something, guided by something, there are thousands of markets in all kind of financial products...and all work on same way. if it is random it would be chaos...If professionals don't use chars...
I wouldnt say that markets are perfectly organised but they are definitely not random. No one is placing $500m trade in a random market environment. Institutions will not all have the same view on the markets and will often manipulate markets to trap weak handed traders or grab liquidity. In addition the market makers have different objectives to institutional traders. MM's will try to keep the market within narrow ranges as this is how they make their money whilst Institutions push the markets into trends to make theirs. And then you will have the algos placing trades....and you get different many different types.

There are many different ways to trade but your big book institutional traders will generally trade using fundamentals and intrinsic value. They will get value based on complex models. I know one model we used had over 140 different inputs to value the instrument. Once the instrument deviates from a certain amount from the mean the traders start to get interested in trading. At this point a trader may open a chart to find the best entry point but often the are trading spreads so there is no need to look at a chart. So the models tell them when something is over or underpriced and is offering genuine value. Models are generally developed using the same set of instruments and same set of statistical methods across the various banks hence the institutions will generally be trading in the same direction and this is why you get structured charts. Market Makers will be looking to balance their books and so will look to create a normal distribution of price and volume in the markets (hence why Market profile is important) and will withdraw liquidity either to manipulate price into certain areas to test supply / demand or because an institution has come in with a massive order and they do not want to fill it and be left holding the bag.

So models along with fundamental view point and sentiment will provide the intuitions with VALUE. Imagine going and buying 1000 bikes without you knowing what the true value of those bikes are in the market place. And that is the problem with indicators is that they will not tell you what value is. No insitutional trader is going to buy or sell based on MACD divergence or because he sees a spinning doji. It is possible to have a successful trading career using indicators/PA as signals but it will forever be stressful as you will never know if what you are buying represents value and when markets conditions change your will need to change your indicators to suit it.

As we dont have these models we need to find other ways of understanding what the institutions are doing, where they are trading and where they will be taking profits.
Price action with VSA only offers us a clue but its only maybe a 5th of the things we need to look at and that is why I posted that list.
Boxing clever since 76.
  • #139
  • Edited 9:17am Dec 26, 2016 8:53am | Edited 9:17am
Quoting copi88
{quote} I wouldnt say that markets are perfectly organised but they are definitely not random. ...As we dont have these models we need to find other ways of understanding what the institutions are doing, where they are trading and where they will be taking profits. Price action with VSA only offers us a clue but its only maybe a 5th of the things we need to look at and that is why I posted that list.
Thank you very much for reply. When i said perfectly organized I meant specifically that market makers use same logic to move the price regardless if it is move for hours of 0.01 to 0.8 pips or they move price in split second for 120 pips. the best is to trade when market advertise price and become inefficient...regarding list of many factor you mentioned i would just mentioned that I personally never lean on fundamentals because my interpretation of fundamentals is meaningless, as always interpretation and timing is on market makers.
  • #140
  • Dec 27, 2016 7:53am Dec 27, 2016 7:53am
I like moving average. This is most important indicator to identify the market trend. So i use this for different time frame. 2nd i like RSI to get overbought and oversold area. 3rd, MACD is also provide bullish and bearish sentiment of the market.
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