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Topic: Are you using trading indicators? - page 6. (Read 924 times)

hero member
Activity: 2618
Merit: 712
Nothing lasts forever
March 12, 2022, 10:44:35 AM
#29
It is quite a while I have been on this forum, I have noticed some people saying they are not using trading indicators for trading, some people highly recommend people to use indicators. As for me, I have noticed to better draw lines or just carefully look at the candle sticks which significantly got me many information about the next steps to take. Out of all the indicators, I have preferred the RSI but which I can still also predict from the candle stick and I like drawing lines which can easily indicate the extent market increase or fall.

I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

If you are using indicators for trading, which ones have you used that make a good trades for you?

RSI is one of the core indicators that most of the traders you. Along with that I also prefer to use MACD for more insights.
EMA and trend lines are the basic indicators which helps us understand more about the price action.
So these are the indicators which I generally use for trading.
sr. member
Activity: 2338
Merit: 251
Eloncoin.org - Mars, here we come!
March 12, 2022, 10:19:13 AM
#28
To be honest indicators won't work all the time and even with different indicators we will get different predictions so its just for the prediction and expect it to market move in that way, most of the traders who trade more often has to rely on something which can be indicators and signals. Literally I tried and worked as well but since I am long term trader I don't give importance to them a lot.
sr. member
Activity: 1988
Merit: 283
March 12, 2022, 03:52:19 AM
#27

I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

If you are using indicators for trading, which ones have you used that make a good trades for you?
yes I'm using indicators and for me the best indicators are MACD and RSI and they are helpful especially through scalping..
And so far so good but i used to trade only when there's a divergence in RSI and when i see a good volume and sort of sign in MACD.. they're very easy to use and to understand to be honest compared to other indicators.
sr. member
Activity: 2044
Merit: 461
Contact me in Telegram: @JperryC
March 12, 2022, 03:06:53 AM
#26
Trading without indicators is like sailing a ship without a compass. That's pure blind sailing and gambling when it comes to trading. Relying on candlestick formations alone may get you a few wins but it won't last. It will eventually wreck the trader.

I agree with your statement. Without indicators and relying only with the candle stick I really think that it is not a trading and it is more of a gambling. I see some users who trade without indicators and only using trending lines and support and resistance, at some point, yes it is effective but it wouldn't last and using indicators will give you more information and accurate analysis. Beside, indicators are free why some people don't want to use it? or probably they don't know how to use it in their trades?
legendary
Activity: 1932
Merit: 1055
March 12, 2022, 02:34:39 AM
#25
Trading indicators work well if you are in some trend, they don’t work well when there is chop which is what we are experiencing right now.

We peaked in Nov and it keeps dipping and dipping. So right now i would say trend is down. However we had a failed low on the daily and had good momentum on the invasion news. So right now it’s tricky what will happen.

Needs to break the daily pivot to the upside and then we can look for longs.
To be fair, I never understand how people use indicators in a market as volatile as Bitcoin market is. I agree these indicators can help you get an idea of which way the market will move but seriously, I have never met a single trader who can predict how the market will move consistently. There are times when you can predict the market based on news and bans/acceptance but otherwise, it doesn't work.

Is there a single trader on this forum who can confidently predict the market movement using indicators? Would be glad and interested to see if there are any such traders.
sr. member
Activity: 1918
Merit: 442
Eloncoin.org - Mars, here we come!
March 12, 2022, 02:25:54 AM
#24
[snip]

If you are using indicators for trading, which ones have you used that make a good trades for you?
Well I know how to use indicators but I do not often use them because I know none of them to give accurate results. I am better to use a fundamental strategy that is relying on news and other events that usually market react and I know the behavior of the crypto market. There are none of them, that will predict the right price so considering indicators are useless for me --somehow, there are instances that are relatively close to the trading indicators but it technically, it is always unpredictable.
legendary
Activity: 2632
Merit: 1208
Once a man, twice a child!
March 12, 2022, 01:55:05 AM
#23
I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.
Trading without indicators is like sailing a ship without a compass. That's pure blind sailing and gambling when it comes to trading. Relying on candlestick formations alone may get you a few wins but it won't last. It will eventually wreck the trader. For instance, a Doji on a support or resistance is possibly signifying a reversal but a Doji on no support or resistance region is obviously a fakey, just to shake off traders. Indicators beyond candlesticks is the way to go. I rely on support and resistance lines.
hero member
Activity: 2702
Merit: 572
March 12, 2022, 01:21:27 AM
#22
Yes, but I do not use many indicators as I am not a pro trader.
I used RSI, MACD, and Bollinger but I do not set it too often and just leave it as default.
Besides that, I do not trade too often at this moment instead just buy low and hold because the market is unpredicted and if I am still trying to trade, I am worried I can not make a profit.
I consider indicators help me analyze where the line will go, but if I feel it is hard to analyze, I prefer to watch because that will be a good way to save money in the next downtrend.
legendary
Activity: 3682
Merit: 1694
March 11, 2022, 11:31:15 PM
#21
Trading indicators work well if you are in some trend, they don’t work well when there is chop which is what we are experiencing right now.

We peaked in Nov and it keeps dipping and dipping. So right now i would say trend is down. However we had a failed low on the daily and had good momentum on the invasion news. So right now it’s tricky what will happen.

Needs to break the daily pivot to the upside and then we can look for longs.
sr. member
Activity: 2212
Merit: 353
March 11, 2022, 07:28:15 PM
#20
Indicators are your best guide in trading, it gives you a path to take either to buy or to way for another confirmation before buying, this is very important and every trader should know how to use indicators.

1. MA
2. RSI
3. MACD
4. FIBONACCI

There are the common indicators I’ve been using every time I trade, not all the time since it will still depend on the trend of the coin/token you are analyzing and it will still depend if its necessary to use those indicators. Trading are more fun when you use indicators, it gives you a crystal picture of opportunities ahead.
sr. member
Activity: 2590
Merit: 322
Leading Crypto Sports Betting & Casino Platform
March 11, 2022, 07:25:31 PM
#19

I use MA, RSI, VOLUME, PRICE as my indicators, they are effective so far and I’m planning to use more combinations of indicators depends on my target timeline, having these kind of strategy can lessen your worries about your trades.

To cluster your table with plenty indicators can confuse you in trading. Like the example of putting so much tools in your bag and you can't get hold of it when you need it. Moving average and RSI are good but you have to differentiate the two because they look alike. Price action is also to direct on the price level.
Honestly I had once packed my chart with so many indicators on my trading system thus really confusing and conflicting in making a trading decision, however I later deleted them, presently I study candlestick patterns coupled with EMA, KDJ and VOL indicators respectively on Binance chart this is a bit easy to monitor, EMA and KDJ is for trend direction of price, while I deployed VOL to determine how strong is the bulls or bears in the market, thus I need only to make my trading strategy SIMPLE and easy to understand by avoiding indicators conflicts.
hero member
Activity: 896
Merit: 871
Not Your Keys, Not Your Bitcoin
March 11, 2022, 07:21:13 PM
#18
Just the 3 default is okay for me, the Moving average, volume and the Macd. You can switch between others but the 3 is just okay for  me to do simple trades with an external information like when they(pairs) had an upcoming events or listing, it makes scalping very easy with setting out plenty of indicators done by experts.
I have also noticed that some people go extra mile to do subscription without even understanding the indicators. In fact, they don't know that some this thing lag and before they give you any hint on the market, it will be late before you are supposed to open long or short and also when to close short or long.
legendary
Activity: 2366
Merit: 1206
🔰Buy/Sell Cryptocurrencies🔰
March 11, 2022, 06:51:50 PM
#17
Always remember that indicators didn't give a signal when to execute trading which is the buy and sell, it only gives predictions in the market movement, how to follow the candlestick movement or how the recent price action was being moved.  Still, you're predicting the market which is what we know it's unpredictable so either what indicators that you've used it's useless if you don't know how to analyze the market.

That's right, they are very crucial to use and most of them can't use at the same, they should be used at once.
sr. member
Activity: 2296
Merit: 332
March 11, 2022, 06:34:02 PM
#16

I use MA, RSI, VOLUME, PRICE as my indicators, they are effective so far and I’m planning to use more combinations of indicators depends on my target timeline, having these kind of strategy can lessen your worries about your trades.

To cluster your table with plenty indicators can confuse you in trading. Like the example of putting so much tools in your bag and you can't get hold of it when you need it. Moving average and RSI are good but you have to differentiate the two because they look alike. Price action is also to direct on the price level.
newbie
Activity: 1
Merit: 0
March 11, 2022, 06:33:03 PM
#15
I use candle sticks for my indicators.  For Bitcoin, we seem to be in a trading range from 38K -44K.  With the war in europe, I think we may go lower. If we break 38K, we may be in store for some pain (IMHO).
full member
Activity: 1297
Merit: 126
March 11, 2022, 06:13:45 PM
#14
Indicators are very vital for tradings, you can’t analyze without indicators and you can’t trade without analyzing so I think this is a must in order for you to become more profitable in trading.

I use MA, RSI, VOLUME, PRICE as my indicators, they are effective so far and I’m planning to use more combinations of indicators depends on my target timeline, having these kind of strategy can lessen your worries about your trades.
hero member
Activity: 2842
Merit: 625
March 11, 2022, 05:45:00 PM
#13
I stopped trading but when I was, I don't use any of those indicators until I've learned that there's a significant improvement if you really are going to follow an indicator for which others have been using.

The winning rate for your trades will certainly increase and the usual strategy that I see is the MA and RSI just as the others. It all lies on what strategy you're too familiar and comfortable as you win.
hero member
Activity: 2590
Merit: 644
March 11, 2022, 05:43:09 PM
#12
~snip~
1. MA
2. RSI
3. MACD
4. Common support and resistance line

Depending or varying on what time frame you are tending to snip out some positions since
not all would be the same on what type of trader you are.
^ These are very common but in addition to this, the average directional index (ADX) and Standard deviation also help traders to improve their trading skills. However, even how many indicators are don't used all of them at once, it makes you confused about this which lead you becomes losing your money.
Focus on one indicator that you think is good and has the potential to make money, use different time frames until your signal will accurately becomes an outcome.
sr. member
Activity: 783
Merit: 270
March 11, 2022, 03:24:30 PM
#11
Most traders use Moving Average Convergence Divergence (MACD)[1], Balance Volume (OBV)[2], and Relative Strength Index (RSI)[3], as a basic indicators for trading, they help in determining entry and exit points, which can be the basis for placing buy and sell orders.

these indicators should not be separated from metrics such as results from the glassnode, volumes of withdrawals from platforms, news, and analysis of market psychology.
These metrics above are based on Bitcoin trading and a few altcoin pairs.
As for the rest of the altcoins, they are just speculations, relying on news more than technical analysis.
MACD has been a cornerstone for crypto and has been used the most by any sector. I mean it is of course used in other assets as well, stock world, forex and even gold at certain times (gold is a bit more slower so not really needed). However, crypto has used it a lot more and I believe that there must be some reason for that.

Moving average matters a lot because since we do not have any instinct value, that means we are just investing based on what we think it worths. It is basically what we "believe bitcoin should worth" when we buy and sell. So, that is why there is probably a bigger reliance towards MACD since that is a bit more related to crypto in that sort of way.
hero member
Activity: 2828
Merit: 720
Leading Crypto Sports Betting & Casino Platform
March 11, 2022, 02:46:41 PM
#10

I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

If you are using indicators for trading, which ones have you used that make a good trades for you?
Not all the times there would be news or fundamentals which you could make use on your trading analysis which simply means that you would really be mainly make use of technical indicators.
It wouldnt matter if its effective or not because the market is unpredictable and random which whether you do make use of indicators or not.
Naked trading or does have lots of indicators been used as for my own i do make use of

1. MA
2. RSI
3. MACD
4. Common support and resistance line

Depending or varying on what time frame you are tending to snip out some positions since
not all would be the same on what type of trader you are.
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