Which indicators you use? - page 2. | Bitcointalksearch.org

JooBra

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Quote from: Mpamaegbu on January 23, 2023, 05:12:47 PM

Quote from: JooBra on January 23, 2023, 10:41:58 AM

Quote from: Mpamaegbu on January 23, 2023, 04:38:56 AM

~

I agree with you but I can't explain why it feels more easy to trade agains the trend then with trend. The first mistake I made when I started is to trade always agains the trend.

Your comment there is somehow ambiguous and I'm lost trying to decipher what's in there while balancing it with my position. May be you will care to expatiate on that.

Quote from: ?? on ??

The first thing to understand when using an indicator is that it is not a 100% result. Often, many do not take this into account, and have not the most positive result.

If you're a genuine newbie and you already understand what you uttered there and keep to it, you're of course standing on the shoulders of giants. You will achieve more in this industry if you don't get distracted. Nice observation. Keep it up.

I will try to explain it. When you see some candles in one direction and you are a newbie it was natural for me to try and trade agains it. For example: When it goes down 2-3candles it made more sense to go long there and catch a falling knife then to follow the trend. Not seeing the bigger picture was my biggest problem when I started trading.

Mpamaegbu

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Quote from: JooBra on January 23, 2023, 10:41:58 AM

Quote from: Mpamaegbu on January 23, 2023, 04:38:56 AM

~

I agree with you but I can't explain why it feels more easy to trade agains the trend then with trend. The first mistake I made when I started is to trade always agains the trend.

Your comment there is somehow ambiguous and I'm lost trying to decipher what's in there while balancing it with my position. May be you will care to expatiate on that.

Quote from: ?? on ??

The first thing to understand when using an indicator is that it is not a 100% result. Often, many do not take this into account, and have not the most positive result.

If you're a genuine newbie and you already understand what you uttered there and keep to it, you're of course standing on the shoulders of giants. You will achieve more in this industry if you don't get distracted. Nice observation. Keep it up.

virasog

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Quote from: JooBra on January 17, 2023, 04:24:34 PM

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

I think that all these indicators are lagging ones and they will form when the price action has already been executed. I would prefer to use price actions for trading and using these indicators as a further influence.

The problem with indicators is that everyone sees them and make traders accordingly. Also, whales know the general public view and they tend to go against the majority, causing them loss.

Quote from: ?? on ??

The first thing to understand when using an indicator is that it is not a 100% result. Often, many do not take this into account, and have not the most positive result.

No indicator can give you 100% results. A good trader is the one who can make 60-70% of his trades as success.
There is no trader who can argue that his all trades go in profit. If anyone claims this, then he is not speaking truth.

JooBra

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Quote from: xSkylarx on January 23, 2023, 04:55:59 AM

Quote from: Mpamaegbu on January 23, 2023, 04:38:56 AM

Quote from: JooBra on January 20, 2023, 03:00:51 PM

Quote from: Mpamaegbu on January 20, 2023, 03:36:27 AM

~

but having in back on my mind that the price is in uptrend so it's more likely that they will go up then down.

If you're sure an instrument you're trading is in uptrend, you just have to resist the temptation of taking shorts on it no matter how certain you think it will dump. Only look out for long positions. Don't swim against the tide, like they say. Trading against the trend is analogous to swimming against the tide. Anyone who attempts that will always fail at it. The market is of course the teacher. It has never lost against any trader.

Always follow the trend no matter what. The probability that it goes uptrend is higher than it goes downtrend. Ive really learned this as before I was looking for opposite trade and not looking the bigger picture. Mostly if the chart you see that it is uptrend look for uptrend so that we can remove those noise and decide which trade to take. You can really see the picture when you see it in the higher timeframes and also try to check your indicator.

I agree with you but I can't explain why it feels more easy to trade agains the trend then with trend. The first mistake I made when I started is to trade always agains the trend. I'm trying to look every aspect of trading, since I'm in age for serious hobby I'm looking on trading to be that.

xSkylarx

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Quote from: Mpamaegbu on January 23, 2023, 04:38:56 AM

Quote from: JooBra on January 20, 2023, 03:00:51 PM

Quote from: Mpamaegbu on January 20, 2023, 03:36:27 AM

~

but having in back on my mind that the price is in uptrend so it's more likely that they will go up then down.

If you're sure an instrument you're trading is in uptrend, you just have to resist the temptation of taking shorts on it no matter how certain you think it will dump. Only look out for long positions. Don't swim against the tide, like they say. Trading against the trend is analogous to swimming against the tide. Anyone who attempts that will always fail at it. The market is of course the teacher. It has never lost against any trader.

Always follow the trend no matter what. The probability that it goes uptrend is higher than it goes downtrend. Ive really learned this as before I was looking for opposite trade and not looking the bigger picture. Mostly if the chart you see that it is uptrend look for uptrend so that we can remove those noise and decide which trade to take. You can really see the picture when you see it in the higher timeframes and also try to check your indicator.

Mpamaegbu

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Quote from: JooBra on January 20, 2023, 03:00:51 PM

Quote from: Mpamaegbu on January 20, 2023, 03:36:27 AM

~

but having in back on my mind that the price is in uptrend so it's more likely that they will go up then down.

If you're sure an instrument you're trading is in uptrend, you just have to resist the temptation of taking shorts on it no matter how certain you think it will dump. Only look out for long positions. Don't swim against the tide, like they say. Trading against the trend is analogous to swimming against the tide. Anyone who attempts that will always fail at it. The market is of course the teacher. It has never lost against any trader.

CapGelatik

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Quote from: JooBra on January 17, 2023, 04:24:34 PM

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

EMA or MA and RSI are good choices for trading, because I also trade using these indicators and it's true, I get up to 70% win with these indicators,
some time ago I also tried using Ichimoku Cloud and SMA too but it's really really confused me,
and of course what some traders say is also true, that is, don't use a lot of trading indicators in your trading.

EarnOnVictor

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Quote from: palle11 on January 21, 2023, 05:11:11 PM

Quote from: EarnOnVictor on January 21, 2023, 11:10:32 AM

Quote from: JooBra on January 17, 2023, 04:24:34 PM

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

It's good to know that you use the above indicators, but you did not let us know how productive they have been for your trading so far. Well, I see those indicators as the basis that should rather be used in addition to some more qualified trading tools/systems. If I would advise further, while not trying one or two of the indicators with price action, trendline and Fibonacci strategy? You might be surprised about the outcome provided you used them rightly.

@ EarnOnVictor these indicators that you mentioned all work in same way. In fact they are looking like indicators that I can say are biased because they are drawn with human factor and emotions. They are not like original defunct indicators on the platform. Fibonacci and trebdlines for example are based by your personal believe that form your opinion of where exactly they will start operating.

Your argument is totally baseless, it even shows that you don't know anything about trendlines and Fibonacci tools. These are powerful support and resistance strategies, and you are here calling them the same as the mere indicators. Well, I know all the inbuilt indicators you can think of and countless of custom indicators that people even buy with 4-digits, yet none of them can be compared with the results that trendline/Fibonacci used with price action would achieve.

You will only be disturbed by much noise with those indicators, but with them (trendline/Fibonacci), your trading must have been well filtered if you know how to use them on the chart, and with the right timeframe.

palle11

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Quote from: EarnOnVictor on January 21, 2023, 11:10:32 AM

Quote from: JooBra on January 17, 2023, 04:24:34 PM

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

It's good to know that you use the above indicators, but you did not let us know how productive they have been for your trading so far. Well, I see those indicators as the basis that should rather be used in addition to some more qualified trading tools/systems. If I would advise further, while not trying one or two of the indicators with price action, trendline and Fibonacci strategy? You might be surprised about the outcome provided you used them rightly.

@ EarnOnVictor these indicators that you mentioned all work in same way. In fact they are looking like indicators that I can say are biased because they are drawn with human factor and emotions. They are not like original defunct indicators on the platform. Fibonacci and trebdlines for example are based by your personal believe that form your opinion of where exactly they will start operating.

EarnOnVictor

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Quote from: JooBra on January 17, 2023, 04:24:34 PM

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

It's good to know that you use the above indicators, but you did not let us know how productive they have been for your trading so far. Well, I see those indicators as the basis that should rather be used in addition to some more qualified trading tools/systems. If I would advise further, while not trying one or two of the indicators with price action, trendline and Fibonacci strategy? You might be surprised about the outcome provided you used them rightly.

Ararbermas

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I usually used MACD, RSI and volume because for me they're accurate than other indicators.. And I'm not just basing on that indicators, where in i used to check the flow of the market as well at the same time and other data that can help me to make prediction, just to assure everything is perfect afterwards.

AbuBhakar

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Quote from: JooBra on January 17, 2023, 04:24:34 PM

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

Bollinger bands is the best when you know already the general trend because you can easily spot the perfect opportunity to buy and sell by just looking on the upper and lower BB. But the combination of EMA and determining the pattern is still the best indicator whenever there’s an indecision in the market. Those indicators is what I’m using in different scenario of my trade.

Some use many complex indicators but I would say that sticking on the basic will give you a high chance of making a right call on your trade. Technical analysis on trading is a self fulfilling prophecy. Using a complex pattern that the majority of trader didn’t know is useless because no one will follow it. Just stick the most common indicators.

el kaka22

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When there is a bull market, it is normal and expected for it to be doing well enough with any indicator possible. I am not saying that it is easy but it's at least easier than a bear market. When the prices of everything is going up, you would make profit one way or another.

The problem would be making more bitcoins, because if that is your aim then even on the bull markets you could trade your bitcoins to something else that may not go up as much as bitcoin and you would end up in a "loss", while your dollar value increases, you would miss out on a chance to make more bitcoins. That's what I aim at, try to have as much bitcoins as I can at the end of any trade I do.

GreatArkansas

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EMA combination of RSI is already a good indicator for me, simple is beautiful and you can then focus to analyze the candlesticks' patterns after that.
With EMA will help you the price action and RSI is the momentum indicator, these indicators will just help your decision, so always verify and check before entering a trade, and the best is also to try to look at different timeframes, not just only.

Zilon

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I use RSI and SMA 50. These indicators are only confirmation to my support and resistance zones. I don't make my trading decision based on Indicators i first wait for my major candle to form in a major support or resistance zone then watch if my indicators are pointing towards the same direction. Sometimes these indicators delays to respond and some other time it forms even before the candle closes either in 4H candle or 1D candle chart. In those cases I do top-down analysis using more than one time frame to base my decision.

Wind_FURY

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OP, study the HODL Waves, https://www.lookintobitcoin.com/charts/hodl-waves/

Plus read this blog explaing everything, https://unchained.com/blog/hodl-waves-1/

I believe we should be encouraging "Buy the DIP and HODL", especially now that Bitcoin/altcoins is in the middle of a bear market. It's pointless to trade if plebs like us can't out-trade those people smarter than us, more hard-working than us, more capitalized than us, and with their army of trading bots.

greengrassis

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In general, I think that most often indicators are a rather difficult question, and rather one that you should not devote much time to. For this reason, I try my hand at first on the demo account of the Amarkets broker.

JooBra

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Quote from: xSkylarx on January 20, 2023, 04:46:17 AM

Quote from: Mpamaegbu on January 20, 2023, 03:36:27 AM

Quote from: JooBra on January 17, 2023, 04:24:34 PM

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

To be sincere with you, trading traverses indicators. It has to do more with Money Management (MM) and control of emotion. If you've the best indicators but lack the aforementioned two you will still mess up your account. BTW, all the indicators you mentioned lag behind price. They're called lagging indis. They don't go ahead of price and anything that behaves that way shouldn't be completely relied on. For me, I rely on Support & Resistance, Pivots and Trendlines. They're leading indicators. They go before price and wait for price to hit them and react.

I got your point that don't rely on those indicators as it is lagging meaning they are heavily reliant on those indicators and which they choose on where they trade and at that point. This lagging indicator is really famous as this is the most used of the newbies like they are giving signals on where they need to put their trade. Support and resistance are really proven and almost all of us traders are using it and MA but again this is just tools to see how the market go, it is still our decision on where we will be putting our trade.

This couple of days I tried with only support resistance and EMA been doing pretty good, but having in back on my mind that the price is in uptrend so it's more likely that they will go up then down.

xSkylarx

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Quote from: Mpamaegbu on January 20, 2023, 03:36:27 AM

Quote from: JooBra on January 17, 2023, 04:24:34 PM

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

To be sincere with you, trading traverses indicators. It has to do more with Money Management (MM) and control of emotion. If you've the best indicators but lack the aforementioned two you will still mess up your account. BTW, all the indicators you mentioned lag behind price. They're called lagging indis. They don't go ahead of price and anything that behaves that way shouldn't be completely relied on. For me, I rely on Support & Resistance, Pivots and Trendlines. They're leading indicators. They go before price and wait for price to hit them and react.

I got your point that don't rely on those indicators as it is lagging meaning they are heavily reliant on those indicators and which they choose on where they trade and at that point. This lagging indicator is really famous as this is the most used of the newbies like they are giving signals on where they need to put their trade. Support and resistance are really proven and almost all of us traders are using it and MA but again this is just tools to see how the market go, it is still our decision on where we will be putting our trade.

Mpamaegbu

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Quote from: JooBra on January 17, 2023, 04:24:34 PM

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

To be sincere with you, trading traverses indicators. It has to do more with Money Management (MM) and control of emotion. If you've the best indicators but lack the aforementioned two you will still mess up your account. BTW, all the indicators you mentioned lag behind price. They're called lagging indis. They don't go ahead of price and anything that behaves that way shouldn't be completely relied on. For me, I rely on Support & Resistance, Pivots and Trendlines. They're leading indicators. They go before price and wait for price to hit them and react.

Topic: Which indicators you use? - page 2. (Read 818 times)