Are you using trading indicators? - page 2.

Hamphser

sr. member

Activity: 2436

Merit: 324

Quote from: savetheFORUM on May 31, 2022, 04:56:45 PM

Quote from: el kaka22 on May 27, 2022, 12:54:28 PM

I used to use them a lot, now I just use indicators to see where the market "should" go, and not trade only looking at them. Of course that is a good thing but it is not enough. I have seen a good explanation for this, the north star will show you where the north is, but it will not show you the obstacles along the way, you may go left and right time to time before you continue go towards north, and indicators only show you north, and not show you those obstacles.

If you consider that during trading and make sure that you are looking at the right direction but take the path with least resistance, then you will be profiting a lot more.

I am new to indicators and stuff because I never believed something can predict the market as unstable and explosive as cryptocurrencies. But after reading multiple threads, articles and listening to some guys on YouTube finally I am trying to understand how exactly these work and how we can benefit from using some of them.

I hope I can at least understand just basics like which way the market will move and then I can use my own understanding and predict how much it should move. Right now the biggest challenge I am facing when trading cryptos is that the market always moves in the opposite direction I feel and predict. It's almost like gambling sometimes and I want to ensure that it can be analysed somewhat at least. I know analysing the market accurately is impossible even for the biggest traders unless they just manipulate the market using institutional funds.

When i was still new on crypto then i do already have that forex trading knowledge which do means that im much aware about technical indicators and on the time i do make out some trading involvement then i could

say that technicals arent really that precise compared on forex market but now it seems that it do really follows sometime here on crypto space which i do presume that its getting better i must say
where TA's do bit off at least which is really totally different into those early years.

Its suicide if you dont make use of any indicators once you do make out some trading.

Zilon

sr. member

Activity: 966

Merit: 421

Bitcoindata.science

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

savetheFORUM

full member

Activity: 1050

Merit: 140

Quote from: el kaka22 on May 27, 2022, 12:54:28 PM

I used to use them a lot, now I just use indicators to see where the market "should" go, and not trade only looking at them. Of course that is a good thing but it is not enough. I have seen a good explanation for this, the north star will show you where the north is, but it will not show you the obstacles along the way, you may go left and right time to time before you continue go towards north, and indicators only show you north, and not show you those obstacles.

If you consider that during trading and make sure that you are looking at the right direction but take the path with least resistance, then you will be profiting a lot more.

I am new to indicators and stuff because I never believed something can predict the market as unstable and explosive as cryptocurrencies. But after reading multiple threads, articles and listening to some guys on YouTube finally I am trying to understand how exactly these work and how we can benefit from using some of them.

I hope I can at least understand just basics like which way the market will move and then I can use my own understanding and predict how much it should move. Right now the biggest challenge I am facing when trading cryptos is that the market always moves in the opposite direction I feel and predict. It's almost like gambling sometimes and I want to ensure that it can be analysed somewhat at least. I know analysing the market accurately is impossible even for the biggest traders unless they just manipulate the market using institutional funds.

Quidat

hero member

Activity: 2548

Merit: 533

Quote from: sklopan on May 30, 2022, 03:10:32 PM

Honestly, I try to do it as little as possible. Although, I do not completely exclude it from my work strategy.

Little as possible? If you are pro then you could do almost naked trading but when you are just starting up or simply being noob then better make use of different indicators yet it would really be that relevant
nor that helpful towards your trading and if you do find it to be that helpful then why would need to lessen up as much as you can or little as possible? It is something that mind boggling kind of condition. Cheesy

Indicators are indeed helpful if you do know on how to read on them because not all would really be knowledgeable when it comes to technical analysis or even with fundamentals.

Rufsilf

sr. member

Activity: 1708

Merit: 308

Leading Crypto Sports Betting & Casino Platform

Quote from: el kaka22 on May 27, 2022, 12:54:28 PM

I used to use them a lot, now I just use indicators to see where the market "should" go, and not trade only looking at them. Of course that is a good thing but it is not enough. I have seen a good explanation for this, the north star will show you where the north is, but it will not show you the obstacles along the way, you may go left and right time to time before you continue go towards north, and indicators only show you north, and not show you those obstacles.

If you consider that during trading and make sure that you are looking at the right direction but take the path with least resistance, then you will be profiting a lot more.

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.

sklopan

jr. member

Activity: 98

Merit: 2

Honestly, I try to do it as little as possible. Although, I do not completely exclude it from my work strategy.

Desmong

member

Activity: 812

Merit: 13

Crypto bookmaker and casino

I have been using trading indicators for long now and I see it as a good technical to get more understanding about the market. Just like using trendlines and other indicators like moving averages, rsi and other trend indicator is a good step to filter market noice. Indicator can help in the case of uncertainty and market ranging. I see indicators as tools that can help determine market direction whether upward or downward apart from using other analysis.

milewilda

legendary

Activity: 3080

Merit: 1126

Quote from: rojan on May 26, 2022, 10:25:56 AM

Quote from: Joyawan13 on April 08, 2022, 12:00:43 PM

indeed every trader has a different strategy to be able to profit in their trading, whether it's using indicators or reading news, from social media or from any source, the most important thing is that they can understand how to make good trades and can make profits, over time Of course, over time, you will definitely be able to analyze market prices and be patient or sometimes get caught in the trade, I'm sure if you can keep trying and don't give up easily, we will definitely be successful.

The market is very bad here but the traders are here to be successful and they are looking for ways to make a profit here but they are using everything in the market to find a way to make a profit here. And there they have confidence but that too I think it's important, but there are a lot of options to choose from, but of course there's one that will help you the most, but there's always a lot to choose from for treading.

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.

el kaka22

legendary

Activity: 3486

Merit: 1162

www.Crypto.Games: Multiple coins, multiple games

I used to use them a lot, now I just use indicators to see where the market "should" go, and not trade only looking at them. Of course that is a good thing but it is not enough. I have seen a good explanation for this, the north star will show you where the north is, but it will not show you the obstacles along the way, you may go left and right time to time before you continue go towards north, and indicators only show you north, and not show you those obstacles.

If you consider that during trading and make sure that you are looking at the right direction but take the path with least resistance, then you will be profiting a lot more.

rojan

sr. member

Activity: 1414

Merit: 361

Quote from: Joyawan13 on April 08, 2022, 12:00:43 PM

indeed every trader has a different strategy to be able to profit in their trading, whether it's using indicators or reading news, from social media or from any source, the most important thing is that they can understand how to make good trades and can make profits, over time Of course, over time, you will definitely be able to analyze market prices and be patient or sometimes get caught in the trade, I'm sure if you can keep trying and don't give up easily, we will definitely be successful.

The market is very bad here but the traders are here to be successful and they are looking for ways to make a profit here but they are using everything in the market to find a way to make a profit here. And there they have confidence but that too I think it's important, but there are a lot of options to choose from, but of course there's one that will help you the most, but there's always a lot to choose from for treading.

sklopan

jr. member

Activity: 98

Merit: 2

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

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Quote from: South Park on May 23, 2022, 08:58:46 PM

Quote from: dunfida on May 12, 2022, 07:44:48 PM

Quote from: stomachgrowls on May 12, 2022, 01:20:28 PM

Quote from: sklopan on May 12, 2022, 09:30:59 AM

To be honest, I learned very well from my own experience that indicators are far from always reliable and guarantee results. I advise you to be prepared for this.

It was never been reliable yet even how well you do make out some analysis out from your technical or fundamental ones but still it wont really be that enough for it to give 100% precision in terms of

outcome or results but somewhat this is much more better rather than having no analysis at all or simply make out some trading positions basing with hunch and intuition which is something that

could not really be that sustainable for long term.You should know or apply indicators or tools along the way even though its not precise but at least you do already have the idea on what
you are doing.

It is really just going into a war without have any weapons and its really just the same when you do trade without making use of any indicators on which you cant use something which would really be helpful on your trading which its a suicide i would say where you do make out positions or decisions on pure luck because you are just simply doing gambling if you do have this kind of behavior and its true that it wont
really matter on what kind of strategy you would make use as long you could make proper analysis then thats what matter.

The truth is that there are many traders out there making some good profits without using indicators, and that is because they watch the most important indicator of all, which is the price, however I really think that using a few indicators is a good idea, because as their name implies and indicator is able to bring forward a particular aspect of the market that could be difficult to see by just watching the price alone, and this can increase our effectiveness and our profits as well.

Those traders not using indicators are very experienced, they may only be relying on price action. But even the seasoned traders who provides technical analysis for his followers are using indicators. When they publish these TA, we gather to comment and that's when you know on their replies they also use other indicators not present on their published charts.

I don't really believe those who are not using indicators, they will have to confirm trends using indicators before they will execute their trades.

South Park

hero member

Activity: 2856

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: dunfida on May 12, 2022, 07:44:48 PM

Quote from: stomachgrowls on May 12, 2022, 01:20:28 PM

Quote from: sklopan on May 12, 2022, 09:30:59 AM

To be honest, I learned very well from my own experience that indicators are far from always reliable and guarantee results. I advise you to be prepared for this.

It was never been reliable yet even how well you do make out some analysis out from your technical or fundamental ones but still it wont really be that enough for it to give 100% precision in terms of

outcome or results but somewhat this is much more better rather than having no analysis at all or simply make out some trading positions basing with hunch and intuition which is something that

could not really be that sustainable for long term.You should know or apply indicators or tools along the way even though its not precise but at least you do already have the idea on what
you are doing.

It is really just going into a war without have any weapons and its really just the same when you do trade without making use of any indicators on which you cant use something which would really be helpful on your trading which its a suicide i would say where you do make out positions or decisions on pure luck because you are just simply doing gambling if you do have this kind of behavior and its true that it wont
really matter on what kind of strategy you would make use as long you could make proper analysis then thats what matter.

The truth is that there are many traders out there making some good profits without using indicators, and that is because they watch the most important indicator of all, which is the price, however I really think that using a few indicators is a good idea, because as their name implies and indicator is able to bring forward a particular aspect of the market that could be difficult to see by just watching the price alone, and this can increase our effectiveness and our profits as well.

bitterguy28

full member

Activity: 1974

Merit: 174

★Bitvest.io★ Play Plinko or Invest!

Quote from: sklopan on May 21, 2022, 10:13:35 AM

To be honest, I try not to. In my opinion, this ultimately leads to the fact that the trader becomes less independent.

and More risky , because it is their benefit as second member and not us as a capitalist trader , so maybe lets not fall in to indicator and instead we need to learn on our own and maybe w will be taking risk but at no one to blame as we are the independent trader.

Quote from: 99Percent on May 15, 2022, 10:41:50 AM

I use it but maybe I don't really know more about how to use the correct Trading Indicator but I have my own predictions of a good moment to buy Bitcoin, like the market is down,

then you denied using it now? then yes you should not do it and use your own strategy to trade.

BobK71

hero member

Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

Generally Indicators are used to predict where the price of trading assets move. The Trading indicator refers to a mathematical tool that can help traders predict the price movement of the trading assets more accurately. In crypto currency trading platform I prefer some trading indicators such as Moving Average Convergence / Divergence (MACD), MYC Trading Indicator, Bollinger Bands, Moving Averages (MA). I always try to research by using some the indicators especially Bollinger Bands is my favorite trading indicators.

sklopan

jr. member

Activity: 98

Merit: 2

To be honest, I try not to. In my opinion, this ultimately leads to the fact that the trader becomes less independent.

nur rochid

full member

Activity: 1050

Merit: 100

indicators are my reference for determining trading signals. I personally still use the EMA indicator up to the 200 level. on the other hand I combine it with the trend line to validate the signal so I get a support area to buy. maybe everyone will use different indicators, but as long as we can use them well, the chances of profit will be large, as long as we can control our emotions, so we can carry out the analysis well

LUCKMCFLY

legendary

Activity: 2380

Merit: 1848

Leading Crypto Sports Betting & Casino Platform

I always use trading indicators, but after I analyze the market in a fundamental way taking into account what is currently happening in the world, and as I see the volume reading in the long term, in the medium term and in the short term, this leads me to take a decision and then I support it with the technical analysis, for me I do the technical analysis after making the commercial decision, only with the indicators it helps me to have more accuracy to put my stop loss, and the take profit, based on this it is of great indicators help, but if and only if I do the fundamental analysis of the market first.

99Percent

full member

Activity: 402

Merit: 100

🦜| Save Smart & Win 🦜

I use it but maybe I don't really know more about how to use the correct Trading Indicator but I have my own predictions of a good moment to buy Bitcoin, like the market is down,

sklopan

jr. member

Activity: 98

Merit: 2

I try to use indicators as rarely as possible. I just understand that in such a case, I can simply allow a loss through no fault of my own.

Topic: Are you using trading indicators? - page 2. (Read 928 times)