No indicator could be used in order to say that it is a good entry point or whatever. We have to actually end up seeing something a bit better in order to make moves. These indicators are a great way of starting that out but that is only the start, there is absolutely nothing that would make sense to anyone if you only use these indicators to trade. Bollinger Band, RSI, MA, EMA, none of them matters all by itself, you need to check other stuff before you trade. This means that the best way to trade is checking multiple sources, including indicators, news, the roadmap of a project, the team, the features, the code, and many other things.
I think the same as you, there is no indicator that tells efficiently how we can enter or exit, however sometimes on YouTube I came across a trader who used a very strange indicator, indicating which was the entry and which was the exit, but at a very short time, it is what they call scalping, but it seems very risky to me because every 6 or 7 seconds it indicates the entry and after 8 or 10 seconds the exit, you have to be very fast, so that for me is technically impossible and It would take a lot of effort and possibly cause stress, so I don't recommend it.
Topic: indicators (Read 387 times)
Most of the time we extend our patience. This is very important in trading and this is never meant for impatient individuals. We need to understand the situation, we don't just rely on the indicators as they can be wrong, we do our own analysis as well.
In trading, patience is very important, there are times indicators will fail but because you are patient, the market correct itself and you later gained after you were losing before, the market corrected, the losses vanished from the position opened and later the price move towards the direction you predict to make more profit. Some traders are not patient because they use high leverage while the liquidation price is very close, using low leverage is always helping.However the best traders are the ones which can let the trade come to them without forcing it, not only they can get into the market at better prices, if they have patience it is also way more easier to make the transition and become a long term holder once they get tired of staring at a computer screen every single day.
Most of the time we extend our patience. This is very important in trading and this is never meant for impatient individuals. We need to understand the situation, we don't just rely on the indicators as they can be wrong, we do our own analysis as well.
In trading, patience is very important, there are times indicators will fail but because you are patient, the market correct itself and you later gained after you were losing before, the market corrected, the losses vanished from the position opened and later the price move towards the direction you predict to make more profit. Some traders are not patient because they use high leverage while the liquidation price is very close, using low leverage is always helping. As someone rightly said, 21 hours is definitely not enough to watch a coin if you’re using the BB indicator and that is simply because currently there’s no visible uptrend or downtrend on the market, it’s just moving downwards. You need to understand that most importantly, the time frame you set actually determines how much longer you have to wait and the idea of it rising back up after hitting the 30% mark is not actually a guarantee as conditions for such could change at any time.
Most of the time we extend our patience. This is very important in trading and this is never meant for impatient individuals. We need to understand the situation, we don't just rely on the indicators as they can be wrong, we do our own analysis as well. Quote
Since you’re new to the system, I must advise that you spend more time understanding the movement of the market and how it affects price. If I must emphasize again, 21 hours is not even enough to watch a coin grow if you mean business, if this persists then you must need to change your strategy.
Absolutely. Op must need to spend more time in the market and observes how it moves. We can't be just too explosive that thinks the market will move high as, during this bear season, we most likely see a downside rather than an uptrend. As someone rightly said, 21 hours is definitely not enough to watch a coin if you’re using the BB indicator and that is simply because currently there’s no visible uptrend or downtrend on the market, it’s just moving downwards. You need to understand that most importantly, the time frame you set actually determines how much longer you have to wait and the idea of it rising back up after hitting the 30% mark is not actually a guarantee as conditions for such could change at any time.
Since you’re new to the system, I must advise that you spend more time understanding the movement of the market and how it affects price. If I must emphasize again, 21 hours is not even enough to watch a coin grow if you mean business, if this persists then you must need to change your strategy.
Since you’re new to the system, I must advise that you spend more time understanding the movement of the market and how it affects price. If I must emphasize again, 21 hours is not even enough to watch a coin grow if you mean business, if this persists then you must need to change your strategy.
You could use the bollinger bands coupled with market news. It is more accurate than using just that BB. At least your success rate would increase by 50% when both BB and market news points to the same direction. Note: Market news is a function of time.
As someone rightly said, 21 hours is definitely not enough to watch a coin if you’re using the BB indicator and that is simply because currently there’s no visible uptrend or downtrend on the market, it’s just moving downwards. You need to understand that most importantly, the time frame you set actually determines how much longer you have to wait and the idea of it rising back up after hitting the 30% mark is not actually a guarantee as conditions for such could change at any time.
Since you’re new to the system, I must advise that you spend more time understanding the movement of the market and how it affects price. If I must emphasize again, 21 hours is not even enough to watch a coin grow if you mean business, if this persists then you must need to change your strategy.
Since you’re new to the system, I must advise that you spend more time understanding the movement of the market and how it affects price. If I must emphasize again, 21 hours is not even enough to watch a coin grow if you mean business, if this persists then you must need to change your strategy.
Of course there is no way you can find it only people who can see the future can do it. Also that is one of the mistakes of some new traders, they are trying to take position in advance which is a 50/50 wherein fact the smartest decision is to wait for confirmation that it is going either up or down.
Don’t worry if you take position a little bit late but you are sure instead of trying to catch a early position without being sure what the market is really printing.
Don’t worry if you take position a little bit late but you are sure instead of trying to catch a early position without being sure what the market is really printing.
You can't find it before it happens and that strategy is risky if you want to be a better trader it is either enter the market after a confirmation and if it is not going upwards not before going upwards, don't be greedy having enough profit is enough and you will end up losing if you are trying to enter market before any confirmation as you are going to foretell what is going to happen.
partially you are making a vital point,but in everything you said what i picked up is that do not be greedy, because a lot of bitcoin or traders get lost through trading when they exercise or pay much attention in benefiting everything at a moment in market, which from my understanding and the basics knowledge comprehend and obtain from the trading practice, it's not supposed to summon the courage of benefiting anything from trading, at list you most conscious of time. im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
While there are probably millions of strategies that can be created with all the indicators we have at our disposal, at the same time most of those strategies can be classified in two categories, those with react and send a signal once something has already happened, and those which try to anticipate those events and send a signal before it happens.It seems you want the latter rather than the former, however you need to take into account that such a strategies have a huge margin of error and that you will lose way more trades this way, something most newbies will have problems to deal with.
No indicator could be used in order to say that it is a good entry point or whatever. We have to actually end up seeing something a bit better in order to make moves. These indicators are a great way of starting that out but that is only the start, there is absolutely nothing that would make sense to anyone if you only use these indicators to trade. Bollinger Band, RSI, MA, EMA, none of them matters all by itself, you need to check other stuff before you trade. This means that the best way to trade is checking multiple sources, including indicators, news, the roadmap of a project, the team, the features, the code, and many other things.
im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
You have to use other indicators to know when it will happen, it may not be accurate but that could be a good signal. Try to use MAs, those are the basic indicators and yet it can really tell you when to buy and sell especially if the line crossed already. Try to analyze every indicators, the more you use them the more you can know the possible trend, don’t just settle for two indicators.
im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
Some information of indicators are not accurate mate, because sometimes market is so volatile so don't rely in it. if i were you learn how to read the graph using different time frame for example, 5m 15m up to 4h and so on, because its more accurate tbh and on that way its so easy to get the real trend of the market if its downtrend or uptrend, where in, no need an indicator for confirmation even trend lines only. Doesn't try to manipulate your strategy in order to outsmart the market. If your strategy is working for you, wait for it.
Just like been said that this market had been moving sideways and triggering those signals cant really be possible in a short time which usually it do pops out whenever it do hit specific levels.
Do those signals precise? No its not but this is something more better rather than having no analysis at all.
im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
Some information of indicators are not accurate mate, because sometimes market is so volatile so don't rely in it. if i were you learn how to read the graph using different time frame for example, 5m 15m up to 4h and so on, because its more accurate tbh and on that way its so easy to get the real trend of the market if its downtrend or uptrend, where in, no need an indicator for confirmation even trend lines only. Doesn't try to manipulate your strategy in order to outsmart the market. If your strategy is working for you, wait for it.
im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
What coin was that, you are watching? Maybe that is a shitcoin and it have died already because 21 hours have passed and there is no signs of life. I think that was not normal anymore for common crypto. Even most are stable now but they still shows sign of small movement (up or down) after an hour or two.The most important thing that you need to know is that coins move randomly and just because that was being told to you, it doesn't mean that it will always work that way. Maybe they are only lucky that time to spot the same movements and now they think everything works in a pattern. You admit that you are a newbie. Maybe you need to watch more tutorials and soon you can initiate the same setup on your own.
im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
Some information of indicators are not accurate mate, because sometimes market is so volatile so don't rely in it. if i were you learn how to read the graph using different time frame for example, 5m 15m up to 4h and so on, because its more accurate tbh and on that way its so easy to get the real trend of the market if its downtrend or uptrend, where in, no need an indicator for confirmation even trend lines only. Just so you know, technical indicators are not 100% accurate. They may just be used to guide you on how the market might move, but do not trust them fully. Use stop-losses often or manage your risk accordingly.
Basically some fresher in crypto sphere doesn't understand this concept, all they relate with is that cryptocurrency signal or indicator some or majority of them is in positive direction. But not knowing that were you can get accuracy is by using stop loses as you portray and also proper comprehension of movement candle sticks via chart. Ordinarily i can't on my own fully base on indicator as a guiding element to carry on a trust via market. im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
You have to use other indicators to know when it will happen, it may not be accurate but that could be a good signal. Try to use MAs, those are the basic indicators and yet it can really tell you when to buy and sell especially if the line crossed already. Try to analyze every indicators, the more you use them the more you can know the possible trend, don’t just settle for two indicators. Keep in mind these indicators are not 100% accurate. You will rarely find an indicator to is correct maybe 25% of the time.
The issues with these indicators is that price can keep going lower and lower putting you severely underwater before it starts to reverse. That’s why you need other indicators such as price action or sentiment to make your decisions.
If all you had to do was look at an indicator we all would be billionaires. It’s not that easy.
This is something very common with those kind of indicators, the indicator may tell you the market is overbought or oversold and yet the price keeps going up or down respectively, so in actual practice those indicators tell you only about a distortion happening in the market but they do not tell you when it is the right time to close or open your position, you will need another indicator for that and even then that is not a strategy that can be accurate 100% of the time. The issues with these indicators is that price can keep going lower and lower putting you severely underwater before it starts to reverse. That’s why you need other indicators such as price action or sentiment to make your decisions.
If all you had to do was look at an indicator we all would be billionaires. It’s not that easy.
im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
This is just the half-truth, Indicators aren't used in this way, the correct way to use indicators is for confluence. You find out important patterns or important levels market is approaching, which could be breakouts or reversals or continuations, then you go to an indicator to get an confirmation whether this pattern is valid and will give some good return or not, then you move to your second indicator whether that is influencing the whole trade positively, only when you have got concrete confirmation on all these parameters, then you can go ahead and take a trade, don't try finding out a trade merely based on one indicator. 
Bollinga band and RSI work for both long term and short term trading, but I am not that sure about long term because I have preferred to use long term prediction for that, which means if the price of bitcoin has decreased to a price very low, I can buy, wait for the price to rise very well and sell. But for short term, I have used these two indicators and both works well with bollinga band bringing effective result. It works for 15 minutes and 1 hour candle sticks very well, but the shorter the time the shorter the best time to leave the market by closing the position opened.
It's Bollinger bands not Bollinga band.In addition, Bollinger bands can support your trading but if you turn it off and on, you will see price will stop at resistance or support. Resistance can flip to become support and support can flip to become a new resistance. Bollinger bands will give you upper and lower bands around resistances and supports.
Keep in mind these indicators are not 100% accurate. You will rarely find an indicator to is correct maybe 25% of the time.
The issues with these indicators is that price can keep going lower and lower putting you severely underwater before it starts to reverse. That’s why you need other indicators such as price action or sentiment to make your decisions.
If all you had to do was look at an indicator we all would be billionaires. It’s not that easy.
The issues with these indicators is that price can keep going lower and lower putting you severely underwater before it starts to reverse. That’s why you need other indicators such as price action or sentiment to make your decisions.
If all you had to do was look at an indicator we all would be billionaires. It’s not that easy.
In this what is best of the indicator that will show you where the price is going before it gets there is the support and resistance lines. This show you the breakouts and the next spot that price is chasing. It is true that if we look and rely at just any kind of indicator, we are going to be failure because if it were that way every trader will keep making profit.
i was thought by my instructor on various indicators which includes moving average, RSI, Alligator, Ichimoku cloud during my training period.
After lots of practices on Demo i decided to dive into the real account with all i have been thought....... i needed up being liquidated with over $200 plus
(ever then going into trading again get me scared )
After lots of practices on Demo i decided to dive into the real account with all i have been thought....... i needed up being liquidated with over $200 plus
(ever then going into trading again get me scared ) Keep in mind these indicators are not 100% accurate. You will rarely find an indicator to is correct maybe 25% of the time.
The issues with these indicators is that price can keep going lower and lower putting you severely underwater before it starts to reverse. That’s why you need other indicators such as price action or sentiment to make your decisions.
If all you had to do was look at an indicator we all would be billionaires. It’s not that easy.
The issues with these indicators is that price can keep going lower and lower putting you severely underwater before it starts to reverse. That’s why you need other indicators such as price action or sentiment to make your decisions.
If all you had to do was look at an indicator we all would be billionaires. It’s not that easy.
In this what is best of the indicator that will show you where the price is going before it gets there is the support and resistance lines. This show you the breakouts and the next spot that price is chasing. It is true that if we look and rely at just any kind of indicator, we are going to be failure because if it were that way every trader will keep making profit.
Keep in mind these indicators are not 100% accurate. You will rarely find an indicator to is correct maybe 25% of the time.
The issues with these indicators is that price can keep going lower and lower putting you severely underwater before it starts to reverse. That’s why you need other indicators such as price action or sentiment to make your decisions.
If all you had to do was look at an indicator we all would be billionaires. It’s not that easy.
The issues with these indicators is that price can keep going lower and lower putting you severely underwater before it starts to reverse. That’s why you need other indicators such as price action or sentiment to make your decisions.
If all you had to do was look at an indicator we all would be billionaires. It’s not that easy.
It doesn't happen within 21 hours but probably if you zoom in to 5-15 minute chart you may find that takes place all the time which after RSI hits 30, it goes up within a day. If you can find a way to scalp, you'll profit. Few traders I follow do that on Forex market but its them who has more experience on it.
But if you find the RSI in 30 on the daily or weekly chart, you may have to wait probably more than a day to weeks for it to see uptrend.
im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
Give some time and be patient because not all the times it would really be forming out those kind of patterns which would trigger out those kind of hints or price movement in a short time because it is really justsensible that you wont really be making out step if you arent seeing any signals.If you cant find something inside that 21 hours of waiting then wait even more until you've seen one.
Indicators arent that precise though thats why you should really bare up the risk everytime you do rely with these things.
im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
I believe so many veteran traders started that way by using BB and RSI to preempt the market on where price is headed. Over time, you will realize that those indicators repaint and aren't reliable on their own. I used "repaint" in the sense that those indis adjust to price and aren't firm in relating with price. For a better prediction, add a line indicator of support and resistance to those two you mentioned. Again, bear in mind that there's nothing like bottom and top in the real sense of trading. So, waiting or aiming for a top or bottom is a wrong move. but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
A trader has to be patient and wait for the right signal to enter the market and by that you will be satisfied even if you lose the in that trade because you waited and got convinced it was the right time for you but if you are not patient you may jump in many times because of no direction. So waiting for the right time is a good trading skill and don't allow your emotion to always control you.
To BB you mentioned, it also have different time frame and you didn't mention the time you use. Bollinger band is an indicator that goes after the market so it is not reliable. Using RSI and MA that indicate overbought or oversold are still not certain for a reversal immediately but it only prepares you ahead that trend can change soon.
I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens?
(.....)
This is an example of a strategy or method, yes you can use it but you should be aware it will work every time or accurately.(.....)
Just think that you are not the only trader who is using that method, what if someone is already ahead of you and knows the next move?
Just always have stop loss and proper risk management.
You can't find it before it happens and that strategy is risky if you want to be a better trader it is either enter the market after a confirmation and if it is not going upwards not before going upwards, don't be greedy having enough profit is enough and you will end up losing if you are trying to enter market before any confirmation as you are going to foretell what is going to happen.
im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
Trading is very similar to an ambush, the army setting an ambush does not control the movements of their enemy and they set an ambush in the most favorable terrain possible while waiting for their enemies, however once the ambush is set there is nothing else to do but to wait, and if the enemies decide to take a different route then the ambush fails, if you have a strategy which you think can generate profits in the market then you have no other choice but to wait until all the conditions tell you to make a trade, otherwise you need to hold on and wait until that happens. 
It's all BS. There is no magic formula. There is little chance of success if you follow arbitrary rules given to you by somebody else.
Sorry if that is not the answer you want.
Sorry if that is not the answer you want.
There are so many variables to consider;
1. Right now, the market is not trendy, at least for most assets. It's just moving sideways, so expect to wait longer
2. Time frame, the longer the time frame, the longer you will have to wait.
3. The coin you are trading.
Just so you know, technical indicators are not 100% accurate. They may just be used to guide you on how the market might move, but do not trust them fully. Use stop-losses often or manage your risk accordingly.
1. Right now, the market is not trendy, at least for most assets. It's just moving sideways, so expect to wait longer
2. Time frame, the longer the time frame, the longer you will have to wait.
3. The coin you are trading.
Just so you know, technical indicators are not 100% accurate. They may just be used to guide you on how the market might move, but do not trust them fully. Use stop-losses often or manage your risk accordingly.
21hours is not enough to wait if you are using BB as your indicator maybe weekly you can see one candle hit lower of BB. Look at the market right now it's very stable unlike a few days ago when the price of BTC hits $26k and all other coins are affected you should notice many candlesticks hits lower of BB at that time.
So I suggest don't rush because your strategy is not for daily trading if you want to trade daily then I suggest you switch to another strategy and try to look for Williams fractal which is mostly used for a minute or daily trading.
Bollinga band and RSI work for both long term and short term trading, but I am not that sure about long term because I have preferred to use long term prediction for that, which means if the price of bitcoin has decreased to a price very low, I can buy, wait for the price to rise very well and sell. But for short term, I have used these two indicators and both works well with bollinga band bringing effective result. It works for 15 minutes and 1 hour candle sticks very well, but the shorter the time the shorter the best time to leave the market by closing the position opened. So I suggest don't rush because your strategy is not for daily trading if you want to trade daily then I suggest you switch to another strategy and try to look for Williams fractal which is mostly used for a minute or daily trading.
21hours is not enough to wait if you are using BB as your indicator maybe weekly you can see one candle hit lower of BB. Look at the market right now it's very stable unlike a few days ago when the price of BTC hits $26k and all other coins are affected you should notice many candlesticks hits lower of BB at that time.
So I suggest don't rush because your strategy is not for daily trading if you want to trade daily then I suggest you switch to another strategy and try to look for Williams fractal which is mostly used for a minute or daily trading.
So I suggest don't rush because your strategy is not for daily trading if you want to trade daily then I suggest you switch to another strategy and try to look for Williams fractal which is mostly used for a minute or daily trading.
im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
I will say that it depends on the strategies used for trading, if using such methodology or illustration of whenever it gets 30 their is every tendency that it will reach 40 at a given time, i believe that if you know trading you will know how to read the movement of candle sticks without asking for supportive measure. I will advice you to go back and comprehend the rudiments of trading and most especially the understanding of movement of candle sticks. If using bollinga band and the lower line is reached with red candle stick, with relative strength index of 30%, that indicates oversold market already, someone can buy, but that does not mean when it hits 30% RSI, it can hit 40% RSI and the market can go up back, it can go below 30%, like going 20% before the market can start going on back, the more it goes below, the better time to buy. Also that is how is it for overbought market when the green candle stick hit the upper line of the band, it means overbought market, if the RSI is at around 70%, 80% or higher, it is better to sell at the time.
But use the money you can afford to lose because you can buy in oversold market and the price still go down further, you can also short (sell) in overbought market and the market price continue to increase, these happen especially during high volatile market. Trade with the amount you can afford to lose and use very low leverage, I prefer 1x margin ratio.
But use the money you can afford to lose because you can buy in oversold market and the price still go down further, you can also short (sell) in overbought market and the market price continue to increase, these happen especially during high volatile market. Trade with the amount you can afford to lose and use very low leverage, I prefer 1x margin ratio.
https://media.discordapp.net/attachments/975684664712908860/976193986383462460/unknown.png
here's an example, the red candle was on the lower bottom of the band and the market was oversold (RSI under 30), it then went up 12% shortly after. Is this something i can actually catch during the day, or is this just what it looks like after it already happened?
Thanks for the reply, do you by chance have a telegram we can chat on? I just have a few questions.
If using bollinga band and the lower line is reached with red candle stick, with relative strength index of 30%, that indicates oversold market already, someone can buy, but that does not mean when it hits 30% RSI, it can hit 40% RSI and the market can go up back, it can go below 30%, like going 20% before the market can start going on back, the more it goes below, the better time to buy. Also that is how is it for overbought market when the green candle stick hit the upper line of the band, it means overbought market, if the RSI is at around 70%, 80% or higher, it is better to sell at the time.
But use the money you can afford to lose because you can buy in oversold market and the price still go down further, you can also short (sell) in overbought market and the market price continue to increase, these happen especially during high volatile market. Trade with the amount you can afford to lose and use very low leverage, I prefer 1x margin ratio.
But use the money you can afford to lose because you can buy in oversold market and the price still go down further, you can also short (sell) in overbought market and the market price continue to increase, these happen especially during high volatile market. Trade with the amount you can afford to lose and use very low leverage, I prefer 1x margin ratio.
im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
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