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Topic: Are you using trading indicators? (Read 1008 times)

member
Activity: 686
Merit: 21
June 25, 2022, 03:20:39 PM
To be honest, I try to minimize the use of indicators in the course of my work. I think that it is more important that the trader himself is better able to understand the market.
because of using indicator to study cryptocurrency is to know they measure or the acceleration through the candlestick the moment of the candlesticks so someone that is using indicator understand it more better than somebody that and I don't know anything about the indicator but he's treading so I prefer someone who knows the who made or who can interpret the candlesticks
legendary
Activity: 1946
Merit: 1157
MAaaN...!! CUT THAT STUPID SHIT
June 25, 2022, 03:12:52 AM

The use of trading indicators is very important to know where the market price is going. The indicators provided will make it easier to read the chart. Many types of indicators are available such as
  • Moving Average (MA)
  • Relative Strength Index (RSI)
  • Moving Average Convergence Divergence (MACD)
  • Stochastic Oscillator (OS)
  • Bollinger Bands (BB)
and many more.
All can be combined to get a valid prediction result.
some indicators are also provided premium and must be subscribed..
jr. member
Activity: 98
Merit: 5
June 24, 2022, 11:33:37 PM
instead of using colourful indicators we can use just simple but very powerful indicators which shows the correct data. most of you know most of them such as
          RSI,
         OBV
          MA
          EMA
No need indicators to be a successful trader . have you ever seen A best trader uses indicators in his chart?? i have'nt. Those simple indicators helps us to see what we dont see in chart but the details we must know for a trade. beyond there everything is depending of fundamentals so indicators aren't essential as i think.
hero member
Activity: 2730
Merit: 632
June 24, 2022, 06:52:00 PM
In general, I heard that these indicators really help many. I can’t say yet that this option is convenient for me to work with. Although, sometimes I still use this option.
There's no other ways or things that you could really make use of which is really that relevant on dealing into this market.You cant really just sit and do nothing
and you would indeed needing these indicators for you to have at least the knowledge or idea on how you would really be placing yourself into the market
whether you would really be buying or selling because having no these indicators would really be putting you in hesitation because you dont really know on what
to do at least.It might not be that precise but its not really that bad at all on having these things at least.
Well, I don't know whether to take it as an indicator or not, but I think that the volume may be the indicator that gives us the most information. I have a friend who likes to go into small excahnges because he says that he sees or is able to determine when a whale begins to make his movenmtno bullish in an altcoin, so at that moment he enters buying and what he does is wait, and most of the time he wins, he says that the whales as they are with so much money, do not enter at once with everything, but they they come in with some money in a big way and this is reflected in the volume, and when he sees those unusual moves the volume comes in.

There are things which are other traders do able to see and others which cannot where i could really attest to that and same as your own experience and able to observe on which there are people whom do only base or just by looking with the volume which is usually in low caps or even on those coins which prices are already on the floor for long time and with some additional indicators or tools been used which would justify their analysis then this is the time that they would make out some significant move.On asking out if its really helpful to make use of trading indicators then its definitely yes, because you cant just rely on news and
fundamentals alone which cant really be there from time to time therefore you would really be going into other aspects which would really be that relevant for you to make use.
sr. member
Activity: 1526
Merit: 255
June 23, 2022, 04:40:15 AM
I've used trading indicators and in my opinion help many things, and what makes me happy is to be able to prevent greater or more filled losses when profit targets have been achieved, but the thing that makes us have to control manually is to often make decisions that are sometimes different from what we are analysis.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
June 18, 2022, 09:55:00 PM
In general, I heard that these indicators really help many. I can’t say yet that this option is convenient for me to work with. Although, sometimes I still use this option.
There's no other ways or things that you could really make use of which is really that relevant on dealing into this market.You cant really just sit and do nothing
and you would indeed needing these indicators for you to have at least the knowledge or idea on how you would really be placing yourself into the market
whether you would really be buying or selling because having no these indicators would really be putting you in hesitation because you dont really know on what
to do at least.It might not be that precise but its not really that bad at all on having these things at least.
Well, I don't know whether to take it as an indicator or not, but I think that the volume may be the indicator that gives us the most information. I have a friend who likes to go into small excahnges because he says that he sees or is able to determine when a whale begins to make his movenmtno bullish in an altcoin, so at that moment he enters buying and what he does is wait, and most of the time he wins, he says that the whales as they are with so much money, do not enter at once with everything, but they they come in with some money in a big way and this is reflected in the volume, and when he sees those unusual moves the volume comes in.
hero member
Activity: 2730
Merit: 632
June 06, 2022, 02:58:01 PM
In general, I heard that these indicators really help many. I can’t say yet that this option is convenient for me to work with. Although, sometimes I still use this option.
There's no other ways or things that you could really make use of which is really that relevant on dealing into this market.You cant really just sit and do nothing
and you would indeed needing these indicators for you to have at least the knowledge or idea on how you would really be placing yourself into the market
whether you would really be buying or selling because having no these indicators would really be putting you in hesitation because you dont really know on what
to do at least.It might not be that precise but its not really that bad at all on having these things at least.
legendary
Activity: 3332
Merit: 1191
June 06, 2022, 02:43:50 PM
In general, I heard that these indicators really help many. I can’t say yet that this option is convenient for me to work with. Although, sometimes I still use this option.

Indicators help short and mid-term traders, without them, I am not sure they can't make any profit! But to be able to follow all the indicators on daily basis requires time, something I don't have! So I am more focused on big cycles and long-term trades, and it's not so hard to roll with it if you have patience!

People should be free to try everything they can! I tried many things and I had many losses before I found what works for me! We are so different, with different thinking and possibilities/opportunities, so each of us should try things around and find what works best for us! I found myself, and the road to this wasn't easy!
jr. member
Activity: 98
Merit: 2
June 06, 2022, 12:07:19 PM
In general, I heard that these indicators really help many. I can’t say yet that this option is convenient for me to work with. Although, sometimes I still use this option.
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
June 06, 2022, 08:08:14 AM
To be honest, I try to minimize the use of indicators in the course of my work. I think that it is more important that the trader himself is better able to understand the market.
But, how you can you be able to understand the market more effectively if without the help of indicators? What you are going to do, predict the market 100 percent? I know that traders are also predicting but it was not totally but they are using some tools like indicators to help predict more accurately.

If you are only investing then I think you won't be using indicators at all time or it's fine to not use them at all but investors have a different way of predicting the market. They are using fundamental analysis the most (not technical). It's where you based your predictions on news, speculations and similar events. This is why many people prefer it as its more easier.
hero member
Activity: 1246
Merit: 699
June 05, 2022, 01:41:26 AM
I always look at trading indicators to do something when I trade on exchanges especially for futures trading and so far it is still very helpful to be able to get a fairly high benefit even though there are losses, but using Trading Indicator really helps me to make decisions when I trade with basic indicators such as EMA, RSI, MACD also really helps me to be able to provide trend trading signals and provide warnings about reversals even though there are some premium indicators that are quite accurate and I also use these indicators to see market predictions.
legendary
Activity: 3094
Merit: 1127
June 04, 2022, 04:17:02 PM
To be honest, I try to minimize the use of indicators in the course of my work. I think that it is more important that the trader himself is better able to understand the market.
Then how you would understand the market? You cant just see charts without having indicators yet you said that you are trying to minimize on making use of it?
Its impossible for someone to understand without having these technicals unless if you are really that good enough then you could able to read up the market
condition via naked trading but  we do all know that it would really be that relevant on making use of these tools for you to clear out on what are
the things that do happen.
jr. member
Activity: 98
Merit: 2
June 04, 2022, 05:51:08 AM
To be honest, I try to minimize the use of indicators in the course of my work. I think that it is more important that the trader himself is better able to understand the market.
hero member
Activity: 2366
Merit: 594
June 04, 2022, 02:06:12 AM
I only do scalp trading so I don't usually use many indicators such as RSI, FIB, BB, etc. Moving Average or MA is enough for me to trade at 15 minutes timeframe. My buying and selling indicators are the 3 MA's that I use.

I think it depends what kind of trader you are, some people that trade in higher timeframes use many indicators to backup their predictions about the market. Learning many indicators is a must especially if you plan to trade full time with high amounts.
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
June 03, 2022, 11:55:43 PM
It is the fact that the majority of the traders are using these trading tools for they/we know that it was effective and was noticed to increase our chance to make a profit. But then, it doesn't mean that we can just be so easy about it, we also have to choose the one that we think will work on our end as many trading tools exist, but not all of them are effective.

I use only 2-3 trading tools, I can certainly find the difference in the time that I'm not using any of them...that seems too far.
It is certainly a fact that trading without indicators is a complete waste of time in the market. It’s kind of like driving a car without side mirrors, you can imagine that right? How do you navigate through such a car, it’s probably the most stressful and nearly impossible thing you can do.

The market is almost always 90% of the time very unpredictable, and it gets very difficult to make any relevant trading decision that would yield money. Hence, trading indicators are very relevant if a trade must stand any chance of being successful.
jr. member
Activity: 98
Merit: 2
June 03, 2022, 07:31:13 AM
I read about it many times and understood that in general it can be interesting and even profitable. But to be honest, I did not dare to use it yet. In addition, much depends on the quality of the signals.
legendary
Activity: 2086
Merit: 1058
June 03, 2022, 03:52:00 AM
Market is unpredictable and there's no way that you could really able to predict on what's ahead because it is really that on random when it comes to that kind of behavior on which this had been the typical thing that's why using up indicators or any tools is something that relevant or it's a must because making out decisions on random manner or guess is just really some pure gambling which we know that it isn't something sustainable for longer runs.
That random and unexpected stuff (like luna crashing for example) is the main reason why crypto is so profitable to be fair. Because, regular stocks and other stuff will not be that much unexpected and we all know what is going to happen with them and even though the market crashes, that impacts crypto as well so it is not that much of a difference.

However, because bitcoin is so volatile and there are unexpected stuff, we never know when we should invest, and the moment when it does nothing unexpected and just goes up, everyone profits from it. This is why not many invest, and only few make that profit when the timing is perfectly set. You should always be ready for that up, because it will come one day or another.
sr. member
Activity: 702
Merit: 251
June 02, 2022, 09:28:03 PM
Traders will indeed find a way to succeed and make a profit despite the volatility of the market. They use everything that is available in the market, in fact, the use of indicators is not the only thing available and could give assurance for them.
News, price charts, indicators...so many options to choose from but, of course, will choose the one that could help us most. RSI, MACD, and a lot of trading indicators, however, not all of them are effective.

But what I see that we needed most is to improve our TA, skill, and decision-making.

We have this suitable trading here but if we keep looking here what we can notice is the eyes here but many will be used on whether we were used and it will cost a penny when we test this trading system.We can learn a lot about that but if we want to know a lot about the market here then we have to be active here and keep an eye on everything then we can learn a lot from here and learn a lot
hero member
Activity: 3010
Merit: 666
June 01, 2022, 05:44:57 PM
I have used RSI, Bollinga band and Moving Average but i came to discover i interpret moving averages and RSI better. Although sometimes this indicators move faster or slower than the trend which will require setting back this indicators to suit the market formation. But in all indicators are helpful it either support a trend or show a possible reversal which might not occur immediately. I see indicators as a key part of market analytical tool
That was supposed to be, they are used to make market analysis.
These trading tools that you have mentioned are very common to traders, they are effective and a useful tool that helps greatly to understand the market situation and make decisions.

I do trading without any of these tools before but the truth is that it was really hard to make predictions and analyses without basis, we can't just put trading in a guessing situation indeed, it needed such tools it enhances our gaining chance.
hero member
Activity: 2688
Merit: 588
June 01, 2022, 03:26:12 PM
To be honest, I try to use as little as possible. And then, as a result, it becomes quite difficult to make a decision on your own. Cry
Not saying you should always use indicators but if you haven't tried them yet, I strongly suggest you use them if you are trading for the short term such as buying and selling the same asset within days or weeks. If you are into long term trading then just the fundamental analysis and scalability of the project should suffice.

Indicators aren't always bad as depicted by some traders. Indicators just help you understand how the market is behaving now and then it's up to the trader if they can use it to their advantage or make matters worst for themselves. I prefer indicators over those fake telegram signals.

Indicators in general are more effective and efficient in stocks market because the volatility is low and the price movement is very limited.
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