Relying on the price chart to make an analysis is enough for me. In this volatile market, we don't need multiple indicators to use which only confuses us. I'd rather take time and focus on the hourly market movement than other stuff.
These indicators are just a tool to have at least a better view of the current market situation but as usual, nothing is perfect as losses are still possible no matter what we do, there is no excuse even if we stay long in trading. This is the thing we say that trading is too risky and if we can't understand how it works and are too impatient, this is really not for us.
Topic: Most effective indicators? - page 2. (Read 319 times)
Using different indicators may result in losses or maybe confusion.
but in your process of learning to trade, you will be curiously encountered with many indicators before you find the right one for you to use.I also used to be like that, using one indicator then looking for information on how to use it and video analysis then experimenting. situations like that will be repeated by beginners. indeed, sometimes it goes well but more often it may go wrong.
The more you learn and use it will definitely create confusion. In the learning process, you will definitely experience this. It's better to learn slowly and understand it more deeply.
Those various indicators may help you in your trading activities, however, you won't use most of them. As each alt is unique and has different market performance, you need to understand the fact that it depends on their actual progress of their objectives, if their respective developers are actually sincere in achieving those objectives.
Do take note that if the team will play the pump and dump scheme, such indicators won't be of good use to you. It won't follow any trend as the team has their own plans. Thus, one thing you should do is to keep up with their social media and get some hints on what they are planning. If you feel they are about to exit, better discard your coins and move on.
Indicators you are using are good but with these indicators, you have a lot already. Use more indicators will make you more confusing and less likely make your decisions well.
Indicators are not the issue, but the knowledge to properly use them is the main thing right now. However, the OP has many indicators he uses already. I think the OP should just focus and learn the basics and leave all this indicator because sometimes indicators do not always work properly, so it will be good if he learns even if he is going to use an indicator. Furthermore, if he can use an indicator, he should study it well so that he will choose anyone that suits his knowledge. Using different indicators may result in losses or maybe confusion.Basics are important before advancing but I think he is done with it already because he is now focusing on the indicators. He shouldn't leave all indicators because they are still essential in trading but he can just leave a few of them that are worth it to use and he can handle easily, so that like you said it won't cause him confusion and extra pressure which can affect him negatively.
What are the top effective combinators for good entry and exits with little loss and that can give good ROI.
I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.
If you are looking for the best trading strategies, I advise you not to go for indicators that will be pointing towards the trend of the market directly in one way or the other, but go for the ones that will reveal the market pattern or act as support and resistance. In addition, a simple price action goes a long way in delivering the best results to traders but will do better if such can be combined with support and resistance strategies.I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.
By using the trendline, Fibonacci, Elliot waves theory and many more, I am sure that the trader can't miss anything here. Notwithstanding, no trader should rely on their trading strategy alone but also on a very good risk-to-reward ratio.
Whether it could happen to have that breakout or would be having that rejection on which this is something which is really that important or something that would really be significant for you to be able to find out.
When it comes on choosing on which one then it would really be just that depending on you on what would be the combinations of those indicators available. It would really be just that depending on you
on how you would really be that making yourself that making use of those things and would really be able to adjust and make up decisions on what you've seen into those indicators.
Using different indicators may result in losses or maybe confusion.
but in your process of learning to trade, you will be curiously encountered with many indicators before you find the right one for you to use.I also used to be like that, using one indicator then looking for information on how to use it and video analysis then experimenting. situations like that will be repeated by beginners. indeed, sometimes it goes well but more often it may go wrong.
The more you learn and use it will definitely create confusion. In the learning process, you will definitely experience this. It's better to learn slowly and understand it more deeply.
What are the top effective combinators for good entry and exits with little loss and that can give good ROI.
I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.
If you are looking for the best trading strategies, I advise you not to go for indicators that will be pointing towards the trend of the market directly in one way or the other, but go for the ones that will reveal the market pattern or act as support and resistance. In addition, a simple price action goes a long way in delivering the best results to traders but will do better if such can be combined with support and resistance strategies.I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.
By using the trendline, Fibonacci, Elliot waves theory and many more, I am sure that the trader can't miss anything here. Notwithstanding, no trader should rely on their trading strategy alone but also on a very good risk-to-reward ratio.
Indicators you are using are good but with these indicators, you have a lot already. Use more indicators will make you more confusing and less likely make your decisions well.
Indicators are not the issue, but the knowledge to properly use them is the main thing right now. However, the OP has many indicators he uses already. I think the OP should just focus and learn the basics and leave all this indicator because sometimes indicators do not always work properly, so it will be good if he learns even if he is going to use an indicator. Furthermore, if he can use an indicator, he should study it well so that he will choose anyone that suits his knowledge. Using different indicators may result in losses or maybe confusion.
Indicators you are using are good but with these indicators, you have a lot already. Use more indicators will make you more confusing and less likely make your decisions well.
Be simple, focus on trading volume, resistance and support and know that there will be times support becomes new resistance and resistance become new support.
Know risk of leverages and forced liquidation to avoid using leverage with your trading. You will be good.
Be simple, focus on trading volume, resistance and support and know that there will be times support becomes new resistance and resistance become new support.
Know risk of leverages and forced liquidation to avoid using leverage with your trading. You will be good.
(...)
I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.
Glad that you know there are no "best".I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.
So for me, learn first the basics, for example in momentum indicators: Relative Strength Index indicator and Stochastic - both of these are indicators for momentum.
Then you need to check what is your preference that will help you easier to decide and analyze because it's kinda of not good if you use both of them.
What are the top effective combinators for good entry and exits with little loss and that can give good ROI.
I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.
You are the ones who would really be tending to find it out because not those indicators that working on others would really be also working on you on which there would really be factors that would really be affecting overall outcome on which it would really be basing up or according on how you do make out certain decisions. This is why with this kind of question then this isnt something that could be precisely be told on how things should be.I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.
Just like on what i had said that you would be the one to mix it up and find for yourself on which one would be profitable for you because each one of us would really be having that different approach on things.
For the sake of answering it out on my own personal experience then RSI + Support and resistance and with some mix of BB or MA then this is something that i do make use.
If you have that experience or knowledge about on what are the usage of these indicators or any other then you could really be able to take advantage of it. Yes, indicators doesnt mean that
they do give out 100% precision but doesnt mean that it is really that shit on making use of it. Having these kind of approach is much more better than on
making some pure guess on which it would really be considered to be pure gambling.
I'm not sure about others but for me the most effective indicators are RSI and Bollinger Bands. When you master those two indicators then you can most probably make profitable trades with the help of those two indicators but you'll have to find understand those indicators fully and master those at each timeframe.
I often use those two indicators in combination and so far my trades have never gone wrong. Sometimes when market faces huge dumps then I prefer to hold my positions for sometime while other times I use stop-losses but so far those two indicators gave me good profits and surely if you master those two indicators then you can also expect some good results from those indicators.
I often use those two indicators in combination and so far my trades have never gone wrong. Sometimes when market faces huge dumps then I prefer to hold my positions for sometime while other times I use stop-losses but so far those two indicators gave me good profits and surely if you master those two indicators then you can also expect some good results from those indicators.
I can't answer this even though i have learned loads of trading stategy ebook and used bunch of indicator. They usually works until they don't. I don't even do manual trading anymore as i only use bot now.
But for a reference i use MA or EMA as even if people said it is lagging i think indicator are self fulfilling prophecy, so i am in profit not because i follow MA but because other people follow MA
again this usually works until it doesnt
But for a reference i use MA or EMA as even if people said it is lagging i think indicator are self fulfilling prophecy, so i am in profit not because i follow MA but because other people follow MA
again this usually works until it doesnt 
Apart from Trendlines, others are lagging indicators and lagging indicators have any of toying with one's emotions. They're lagging because they react after price has left a zone in live trades and only look good and perfect in hindsight. Trendlines or any other lines like S&R (Support & Resistance) or Pivot Points give better assessment than MAs et al. By the way, I like what LuxAlgo has been able to do and is still doing with indicators. That dude is good.
However, whatever indicators we use; we should realize that there's no holy grail in trading. No indicator or strategy is 100% accurate. If one gets any that's even 80% accurate, then one has a killer weapon in trading, so to say.
However, whatever indicators we use; we should realize that there's no holy grail in trading. No indicator or strategy is 100% accurate. If one gets any that's even 80% accurate, then one has a killer weapon in trading, so to say.
The simplest, most widely used and easy to apply for beginners are the RSI moving average (MA) and Fibonacci levels. Mastering these basics will enable you to learn the basics of analysis, especially long-term analysis, and with days and experience you can customize the appropriate indicators for daily analysis or alternative currency trading.
I also recommend that you read @ImThour[1] posts. His posts indicate a person who loves to spread knowledge and has a lot of neutrality, so you will learn a lot from them.
[1] https://bitcointalksearch.org/user/imthour-2775128
I also recommend that you read @ImThour[1] posts. His posts indicate a person who loves to spread knowledge and has a lot of neutrality, so you will learn a lot from them.
[1] https://bitcointalksearch.org/user/imthour-2775128
Try and use the indicators one by one and see how they are. But at least you can use two indicators at a time. One which can be primary like MA, EMA or BB while the second can be secondary like RSI or any oscillatory indicator. The third indicators which some traders may not consider but I have it which is trading volume.
One thing about indicators is that they can help but they make trading to be like gambling if you do not use good strategies with it like not going above 1 to 2.5x leverage and others. Leverage for instance, increasing the leverage is very dangerous and can result to huge loss. No indicator is completely accurate because nobody can predict 100% of what would happen in the future. Indicators can help you to like 60% but the 40% inaccuracy is enough for traders to lose than make profit. You need to apply other strategies to have a profitable trading pattern.
Always know that trading is very risky. Use the amount of money that you can afford to lose to trade.
One thing about indicators is that they can help but they make trading to be like gambling if you do not use good strategies with it like not going above 1 to 2.5x leverage and others. Leverage for instance, increasing the leverage is very dangerous and can result to huge loss. No indicator is completely accurate because nobody can predict 100% of what would happen in the future. Indicators can help you to like 60% but the 40% inaccuracy is enough for traders to lose than make profit. You need to apply other strategies to have a profitable trading pattern.
Always know that trading is very risky. Use the amount of money that you can afford to lose to trade.
What are the top effective combinators for good entry and exits with little loss and that can give good ROI.
I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.
I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.
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