I wonder is there anyone who succeed on trading with indicator/combination of indicator/special strategy.
Indicators work well for traders who know and understand them. You simply have not yet understood indicators properly that is why it has not worked well for you. Do not try to understand many indicators at once, make sure you really understand one indicator before you try to learn and understand another. Knowing too little about many indicators will not give you good trading results. Knowing much about a few indicators will increase your chances at having a good trading result. 
Topic: Are Technical Indicators useless? - page 6. (Read 767 times)
Hi everyone.
I've examined indicators for very long time. Especially if you are trading often, they would increase your winning possibilities.
While some months i've learned how to code Pine Script on Tradingview and backtest with it. But i can't get good results even if many combination of indicators.
When i look at past data manually, it works smoothly but this data retrospective and indicators can't drawn in future.
I wonder is there anyone who succeed on trading with indicator/combination of indicator/special strategy.
I'm open to discuss all ideas.
Technical indicators are relevant because on how you would really be that tending to deal with this market? Via pure guess? Via intuition and guts? Of course you would really be needing on having that kind of I've examined indicators for very long time. Especially if you are trading often, they would increase your winning possibilities.
While some months i've learned how to code Pine Script on Tradingview and backtest with it. But i can't get good results even if many combination of indicators.
When i look at past data manually, it works smoothly but this data retrospective and indicators can't drawn in future. I wonder is there anyone who succeed on trading with indicator/combination of indicator/special strategy.
I'm open to discuss all ideas.
tools or whatever you would really be using which you would really be needing on making use of these technical indicators or else you would really be just simply doing gambling if you do have that kind of behavior on doing trades without using any of those. The most common things which you could really be able to make use in speaking about analysis then it would be TA+FA and since this market cant really be having
that news or sentiments anytime then this is the time you would really be using about technicals. It doesnt works? Yes not all the time but taking up some entries and exits basing up on those indicators is
much more better rather than on making positions without any basis because it is really just that pure gambling.
Bare in mind that it doesnt really give out guarantees that those analysis would be precise or not, market is unpredictable always because if those indicators shows precise analysis
then all of those people who do know on making use of it would be rich by now.
Hi everyone.
I've examined indicators for very long time. Especially if you are trading often, they would increase your winning possibilities.
While some months i've learned how to code Pine Script on Tradingview and backtest with it. But i can't get good results even if many combination of indicators. When i look at past data manually, it works smoothly but this data retrospective and indicators can't drawn in future.
I wonder is there anyone who succeed on trading with indicator/combination of indicator/special strategy.
I'm open to discuss all ideas.
I've examined indicators for very long time. Especially if you are trading often, they would increase your winning possibilities.
While some months i've learned how to code Pine Script on Tradingview and backtest with it. But i can't get good results even if many combination of indicators.
When i look at past data manually, it works smoothly but this data retrospective and indicators can't drawn in future. I wonder is there anyone who succeed on trading with indicator/combination of indicator/special strategy.
I'm open to discuss all ideas.
As Op, you consider that the indicators greatly improve the possibilities and the effectiveness of the speculations but there is a need for proper implementation of the strategy. Most of the time you should not be fooled by the indicators as not of the indicators guarantee efficient results. If the indicators and your implementation have not worked for a long time maybe there is a need for an upgrade in the strategy, or maybe according to the market sentiments you need to review the strategy.
If still does not work buddy you should add a few points to track a few of your old trades and try to analyze what's going wrong, One of the points you are already following asking for mentorship or guidance, lastly you can even consider the diversification on a single position.
We are humans and we don't see everything that is happening in the market just with our necked eyes, There comes the need for indicators to enhance our view of the market and to get a clearer picture of what is happening in the trending market.
Generally, indicators are not useless rather your profitability can depend on how well you use or apply them to your chart.
For instance, I love using Fibbo and RSI indicators. Just by merely looking at the Chart using the market structure and patterns you would have difficulty identifying when the market is oversold or overbought but using an indicator like the RSI spares you that stress, and there is even a way you can twist the settings to your benefit.
Generally, indicators are not useless rather your profitability can depend on how well you use or apply them to your chart.
For instance, I love using Fibbo and RSI indicators. Just by merely looking at the Chart using the market structure and patterns you would have difficulty identifying when the market is oversold or overbought but using an indicator like the RSI spares you that stress, and there is even a way you can twist the settings to your benefit.
Indicators doesn’t mean it’s a sure win. It just helps you to make more accurate and good trades. In other words they just increase the probability of making profit for certain trades. Now if a trader completely rely on it, then nothing can be done. Trading is basically done with market analysis, so if you don’t do the basics and just trade along with the indicators then no one can save you from getting into losses.
When i look at past data manually, it works smoothly but this data retrospective and indicators can't drawn in future.
If you want to know what market is likely to do in the future you use longer hour time frame. Weekly and monthly market watch is very important in this. Although the direction can change with news and the whales manipulation which are all part of the trade which makes trading what it is. No technique in trade is perfect to 100% but if you can get accuracy of 50 to 70% then support your trade with stop loss and you are good.
I wonder is there anyone who succeed on trading with indicator/combination of indicator/special strategy.
I'm open to discuss all ideas.
I'm open to discuss all ideas.
Combination of indicators is good because it help in guiding you towards market direction. For example you will be riding on the market like you are on the sky with some gadgets giving you hint on where you are, that is just like trading with the right kind of indicators but to cluster your trade with indicators is to confuse yourself. It is better with few combination of indicators than to cluster yourself with indicators.
Indicators can increase the probability of making profit in trading, but it deos not 100% guarantee that if a trader use them to trade, that the trader would win. Indicators are just some things to know in trading but strategies is what that is most important.
This. Some people think using technical analysis indicators means that your trades can end up being right with like 80-90% accuracy when done correctly, which is simply ludicrous. In reality, at most, probably a bump up of an extra 5-10% in terms of chances of being right. Doesn't sound that big of a bump, but that extra 5-10% win rate stretched out to hundreds of trades, that number suddenly becomes very relevant.
Whenever there are big investors coming, it's somehow difficult to see the patterns of the indicator's reaction. Normally when RSI says oversold, it has to bounce but it just keeps rolling down, and comparing it to its previous bear market, it's not following the timeline. The market is unpredictable and you'd be surprised if it is instead dwindling down while you go long.
Combined with more indicators, you may find yourself analyzing it too much when in fact you just have to wait and hold. Having too many indicators will prevent you from executing your trade for you will overly analyze the market. They call it Analysis paralysis.
Combined with more indicators, you may find yourself analyzing it too much when in fact you just have to wait and hold. Having too many indicators will prevent you from executing your trade for you will overly analyze the market. They call it Analysis paralysis.
I'm not a trader but I think I can understand the situation you are going through. You must have thought that by doing TA (Technical Analysis) you can predict or guess the future price of some token easily. But the prediction of the market is not solely dependent on TA instead you have to do FA. And if you think that
But keeping an eye on the Fundamental elements is most necessary. As if I am trading in BTC then I prefer to be dependent on FA more and less on TA. But just clarify, if this idea works for me then it does not mean that it will also work for you too. We all have different mindsets and different solutions to problems. Then try to do it your own way and do not rely solely on TA or any indicator. Because at the start things are not that straight that you just have to draw some lines here and there and you can time the market accurately.
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When I look at past data manually,
Past data works fine for you then you should follow the methods that work for you. But keeping an eye on the Fundamental elements is most necessary. As if I am trading in BTC then I prefer to be dependent on FA more and less on TA. But just clarify, if this idea works for me then it does not mean that it will also work for you too. We all have different mindsets and different solutions to problems. Then try to do it your own way and do not rely solely on TA or any indicator. Because at the start things are not that straight that you just have to draw some lines here and there and you can time the market accurately.
Indicators can increase the probability of making profit in trading, but it deos not 100% guarantee that if a trader use them to trade, that the trader would win. Indicators are just some things to know in trading but strategies is what that is most important.
If you have 100% money, use 10% or less to trade.
You can start a trade with averaging. If you win, you close the position. If you are losing, you will wait until your indicators tell you to increase the leverage. You can start a trade with 0.2x and increased it to 1x. That is averaging.
Averaging may still fail, you need to not let emotion to control you. Trade with the amount of money that you can afford to lose.
If you have 100% money, use 10% or less to trade.
You can start a trade with averaging. If you win, you close the position. If you are losing, you will wait until your indicators tell you to increase the leverage. You can start a trade with 0.2x and increased it to 1x. That is averaging.
Averaging may still fail, you need to not let emotion to control you. Trade with the amount of money that you can afford to lose.
Hi everyone.
I've examined indicators for very long time. Especially if you are trading often, they would increase your winning possibilities.
While some months i've learned how to code Pine Script on Tradingview and backtest with it. But i can't get good results even if many combination of indicators. When i look at past data manually, it works smoothly but this data retrospective and indicators can't drawn in future.
I wonder is there anyone who succeed on trading with indicator/combination of indicator/special strategy.
I'm open to discuss all ideas.
I've examined indicators for very long time. Especially if you are trading often, they would increase your winning possibilities.
While some months i've learned how to code Pine Script on Tradingview and backtest with it. But i can't get good results even if many combination of indicators.
When i look at past data manually, it works smoothly but this data retrospective and indicators can't drawn in future. I wonder is there anyone who succeed on trading with indicator/combination of indicator/special strategy.
I'm open to discuss all ideas.
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