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Topic: Which indicators you use? (Read 816 times)

full member
Activity: 602
Merit: 144
Chainjoes.com
June 30, 2023, 01:58:39 PM
#65
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.
Actually Sometimes i use EMA 50 also. But most of the time i dont use an any indicators. I think without indicators i Couldn't trade, It is rong idea. Because i am trading without indicators and my wining ratio is very well. I think without indicators my 75-80% coustome.so i still believe that indicators no need for me. So i will not use indicators. without indicators my trade also well. So i am not working with indicators.
full member
Activity: 1442
Merit: 116
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
June 30, 2023, 02:40:12 AM
#64
I usually don't use any indicators for trading. I try to trade with small amount of money. By trading I try to gain experience about trading rather than making a profit. In this case, I follow various positive and negative news about the market. If we see positive or negative news about a particular coin, I usually trade based on the positive and negative news. Right now I am doing trading with small amount of money and by doing trading with small amount of money I am getting enough experience about trading which will help me to become a full time trader in future.
to become a fulltime trader I think it requires good knowledge and experience, I think just observing the news is less helpful to validate our analysis, it is difficult to do for short-term trading, because sometimes the effect of news is not immediately visible in an instant. unless we really use fundamental analysis and aim to do long-term trading, it might happen. but unfortunately there is a lot of news that does not match the developments that are happening, and of course that is what we have to consider
sr. member
Activity: 966
Merit: 306
June 29, 2023, 09:38:03 PM
#63
I usually don't use any indicators for trading.
If you don't use any indicator for trading, you are not trading but gambling. Overusing indicators is not good but don't use any indicator is not good too, it's terrible because you likely are blinded to open your positions.

Quote
I try to trade with small amount of money. By trading I try to gain experience about trading rather than making a profit.
You can do it with demo trading rather than with your actual capital. Demo trading platforms

Quote
In this case, I follow various positive and negative news about the market. If we see positive or negative news about a particular coin, I usually trade based on the positive and negative news.
News are used to manipulate the market and to steal money from traders, newbies. If you are diving in news, you will lose capital.
sr. member
Activity: 490
Merit: 294
June 29, 2023, 11:18:53 AM
#62
I usually don't use any indicators for trading. I try to trade with small amount of money. By trading I try to gain experience about trading rather than making a profit. In this case, I follow various positive and negative news about the market. If we see positive or negative news about a particular coin, I usually trade based on the positive and negative news. Right now I am doing trading with small amount of money and by doing trading with small amount of money I am getting enough experience about trading which will help me to become a full time trader in future.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
June 29, 2023, 10:14:03 AM
#61
Traders you are talking about are most likely just making their own indicators or combining several ones. Even meme trend lines that you draw can be seen as indicators or volumes you combine with them. You can build an indicator from several data points by yourself. So there might be indicators ready for the tactic you are currently using without knowing it's already been automated. It's all really how you read the data or combine it with fundamentals.

Saying that you don't use an indicator usually implies that you don't trust just one indicator blindly.
I think it is not that quite easy to just draw a line yourself, it does take a bit of information which means that you are right with that meme trend lines, because every one of them actually do mean something. You need to know what they mean before you can understand if you are making a correct calculation or not, if you are not then of course they will look like memes and jokes, but if you know what they mean then you are going to actually see what the indicator is telling you.

Unfortunately too many people are just looking at them like it's a joke, but that's not going to be that easy of a choice. I think the best thing to do in this case is to make sure that it can help you so you need to study and learn what it means.
sr. member
Activity: 686
Merit: 286
June 21, 2023, 12:13:26 PM
#60
Everyone's trading strategy is different. Some usually use one-hour candles, some observe 15-minute candles to facilitate their own understanding, and some observe one-month candles, that is, they can conduct trading according to their timing. If I do futures trading, I keep the same amount in my main account as I start the futures trading with, because if I ever see my money in danger, I will add the money deposited in my wallet to the trading money so that I don't lose my money. And for market monitoring I use 15 minute candle. Because the 15-minute candle is convenient for me to understand.
member
Activity: 420
Merit: 12
Globe-dex.com
June 21, 2023, 11:38:45 AM
#59
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.

The most popular indicators have used so far are MACD,RSI AND BB (BOLLINGER BAND) but as time goes by i stopped using them but, like i dont use them i just picked out RSI out of the indicators i know so far. because RSI goes along with the price action and with RSI divergences are easily spotted.
legendary
Activity: 3052
Merit: 1168
Leading Crypto Sports Betting & Casino Platform
June 21, 2023, 04:07:39 AM
#58
Indeed, people who can analyze themselves are very helpful for trading. I have seen many traders who do not use any indicator but trade based on their own analysis and earn very good profits.

But I think if you use indicators along with your analysis, it can improve your trading, because there are many indicators that provide you very good guidance in trading. You are absolutely right that finding such indicators is not an easy task. Still, it cannot be denied that indicators play a very important role in trading. You can make a good trade by using different indicators. Many traders are benefiting from this indicator on a daily basis.
They are using indicators imho. Traders you are talking about are most likely just making their own indicators or combining several ones. Even meme trend lines that you draw can be seen as indicators or volumes you combine with them. You can build an indicator from several data points by yourself. So there might be indicators ready for the tactic you are currently using without knowing it's already been automated. It's all really how you read the data or combine it with fundamentals.

Saying that you don't use an indicator usually implies that you don't trust just one indicator blindly.

member
Activity: 114
Merit: 10
Globe-dex.com
June 20, 2023, 09:16:40 PM
#57
To be honest, indicators are not the most important indicator for me. For yourself, you should understand that finding really good indicators is not an easy task, it is much better to learn how to analyze the market yourself.


Indeed, people who can analyze themselves are very helpful for trading. I have seen many traders who do not use any indicator but trade based on their own analysis and earn very good profits.

But I think if you use indicators along with your analysis, it can improve your trading, because there are many indicators that provide you very good guidance in trading. You are absolutely right that finding such indicators is not an easy task. Still, it cannot be denied that indicators play a very important role in trading. You can make a good trade by using different indicators. Many traders are benefiting from this indicator on a daily basis.
newbie
Activity: 13
Merit: 0
June 20, 2023, 12:21:02 AM
#56
I use  RSI, but not always. I always use  EMA .
But I don't rely on indicators. Because it only shows what the market has done in the past. It can never give you an early signal, except for divergence. So I recommend you learn price action coupled with support and resistance, trend lines also with price (chart patterns) With this you will never care to use an indicator again.
sr. member
Activity: 1008
Merit: 262
Vave.com - Crypto Casino
June 19, 2023, 06:56:02 PM
#55
To be honest, indicators are not the most important indicator for me. For yourself, you should understand that finding really good indicators is not an easy task, it is much better to learn how to analyze the market yourself.
Then how you would be able to analyze the market without making use of indicators? You cant really easily make out that naked trading and spotting out with your eyes without doing some charting.

Going back into the topic in regarding on what are the indicators i've been using, then here's the list;

• The Relative Strength Index (RSI)
• Bollinger Bands (BB)
• Simple Moving Average (SMA)
• Support and Resistance Line (Drawn)

In some cases then i do make out some additional

•FIBONACCI

It does really depend on you because we do have different ways on how to approach on dealing up with the market movement.
These are some of the indicator I normally use most but I would always prefer and ask people to get themselves familiar with moving averages. I normally use up to 5 to 8 moving average indicators to co firm my trade before going for it. This is another way we can analyse the market without using different indicators that can be confusing to other traders when they look at our charts.
There are also paid indicators too that we can use to confirm our trades in the market to prevent lagging or unnecessary lateness in the market.
full member
Activity: 280
Merit: 114
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
June 19, 2023, 01:35:10 PM
#54
I had experience with most of the good which was not easy to get.The most of the people earn money by the knowledge by their personal experience.When the money comes from each activity, they can use the way on the trading.After learning more on trading,it’s essential to play less expensive games.After you master to the game,bet more amount and earn more from it.

Whatever platform you work on, both experience and knowledge are essential and only based on experience and knowledge you can take a good decision. Investing or trading anywhere without knowledge and experience can lead to loss for anyone.

As for betting on the game, I think you can lose your capital in betting. I think it is better to focus more on trading than playing games because in trading you can minimize your loss by setting stop loss. By betting on the game you can increase your profit but the risk of loss will also be higher. After having good experience in trading you can earn a good profit on daily basis.I think trading is the best.
hero member
Activity: 2324
Merit: 562
DGbet.fun - Crypto Sportsbook
June 18, 2023, 05:46:02 PM
#53
I had experience with most of the good which was not easy to get.The most of the people earn money by the knowledge by their personal experience.When the money comes from each activity, they can use the way on the trading.After learning more on trading,it’s essential to play less expensive games.After you master to the game,bet more amount and earn more from it.
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
June 18, 2023, 03:43:36 PM
#52
To be honest, indicators are not the most important indicator for me. For yourself, you should understand that finding really good indicators is not an easy task, it is much better to learn how to analyze the market yourself.
Then how you would be able to analyze the market without making use of indicators? You cant really easily make out that naked trading and spotting out with your eyes without doing some charting.

Going back into the topic in regarding on what are the indicators i've been using, then here's the list;

• The Relative Strength Index (RSI)
• Bollinger Bands (BB)
• Simple Moving Average (SMA)
• Support and Resistance Line (Drawn)

In some cases then i do make out some additional

•FIBONACCI

It does really depend on you because we do have different ways on how to approach on dealing up with the market movement.
legendary
Activity: 2534
Merit: 1338
June 18, 2023, 05:06:29 AM
#51
In addition, I did not employ EMA indicators in my trading strategy. Many traders use EMA to identify trends and to complement pattern strategies. Some of my acquaintances were using it, and it was really profitable. But it's slightly sluggish for me because it's simply based on the previous candles. As a trade setup, I simply use price action, confluence with RSI, and volume. I'm not very profitable with it, not because of strategy, but because I'm still dealing with my emotions while trading. I believe all of the strategies are working, but not with all traders.
This is why many traders out there prefer to just take a look at the price action and refuse to use indicators, as every single one of them lags behind the price action as they are calculated based on what happened on the past but they do not really tell us what is happening right now, however even the price action can be problematic to use as the volatility of the market is so high that the market conditions can change very quickly and they can confuse a trader about the next step they should take under those circumstances.
sr. member
Activity: 1316
Merit: 356
June 14, 2023, 03:37:56 PM
#50
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 dont really use emas because they lag alot i use pure price action (P.A), but the only indicator i use is the ART BANDS which this is for my STOP LOSS and TDI which is for confirmation, what i do is top down analysis from the daily timeframe then drop to 4 hour timeframe for P.O.I (point of interest) then use the 15 minutes timeframe for entry.
In addition, I did not employ EMA indicators in my trading strategy. Many traders use EMA to identify trends and to complement pattern strategies. Some of my acquaintances were using it, and it was really profitable. But it's slightly sluggish for me because it's simply based on the previous candles. As a trade setup, I simply use price action, confluence with RSI, and volume. I'm not very profitable with it, not because of strategy, but because I'm still dealing with my emotions while trading. I believe all of the strategies are working, but not with all traders.
member
Activity: 785
Merit: 34
SOL.BIOKRIPT.COM
June 14, 2023, 02:49:56 PM
#49
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 dont really use emas because they lag alot i use pure price action (P.A), but the only indicator i use is the ART BANDS which this is for my STOP LOSS and TDI which is for confirmation, what i do is top down analysis from the daily timeframe then drop to 4 hour timeframe for P.O.I (point of interest) then use the 15 minutes timeframe for entry.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
February 04, 2023, 10:14:32 PM
#48
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.

I have also been testing with these indicators, although the RSI must be correctly adjusted for it to give good results, I don't know if there is now a combination for a temporality, because there are people who trade at 3-5 minutes and change it the RSI, also in the lines of the EMA can give an entry information, and I have made some of the indications that sometimes the trader recommend but I have not been successful, in an entry that I have made, the market quickly goes against me , then either touch the SL or I have to get out quickly because I don't like to let losses run, there are other indicators that are very good such as the fibonacci lines or the ichimoku cloud.

sr. member
Activity: 616
Merit: 274
January 30, 2023, 11:17:10 PM
#47
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 the Title you are using seems to have something in common with this Thread https://bitcointalksearch.org/topic/diskusi-analisa-teknikal-bitcoin-buat-day-trader-2874360
Here many members input in the analysis that is used in their knowledge.
Indeed, there is no 💯% technical indicator chart that has correct results
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
January 24, 2023, 03:45:00 AM
#46
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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.
I get the point you're trying to make now. Every trader starting out will experience such adrenaline rush too once setups like that present themselves. The temptation is often high to not indulge the impulse. Talking about two - three candles (it's actually three, expectedly anyway, from the rule book) going down on the same pattern to trigger a reversal, we've to also remember that such is in theory and doesn't always reflect in practical reality. You've three bear candles and then there's a bull candle, vice versa. Let me quickly add that if you want to trade on that sentiment, you should consider higher time frames than short ones for better results.
full member
Activity: 1204
Merit: 162
January 24, 2023, 02:34:57 AM
#45
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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.

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.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
January 23, 2023, 05:12:47 PM
#44
~
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.

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.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
January 23, 2023, 01:36:14 PM
#43
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.

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.
full member
Activity: 1204
Merit: 162
January 23, 2023, 10:41:58 AM
#42
~
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.
hero member
Activity: 2366
Merit: 594
January 23, 2023, 04:55:59 AM
#41
~
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.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
January 23, 2023, 04:38:56 AM
#40
~
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.
full member
Activity: 1064
Merit: 100
Combo Network
January 22, 2023, 01:46:22 PM
#39
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.
hero member
Activity: 826
Merit: 641
Leading Crypto Sports Betting & Casino Platform
January 22, 2023, 08:30:11 AM
#38
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.
sr. member
Activity: 2366
Merit: 332
January 21, 2023, 05:11:11 PM
#37
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.
hero member
Activity: 826
Merit: 641
Leading Crypto Sports Betting & Casino Platform
January 21, 2023, 11:10:32 AM
#36
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.
sr. member
Activity: 2016
Merit: 283
January 21, 2023, 10:52:23 AM
#35
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.
hero member
Activity: 1120
Merit: 554
🇵🇭
January 21, 2023, 10:21:35 AM
#34
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.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
January 21, 2023, 10:14:43 AM
#33
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.
legendary
Activity: 2506
Merit: 1394
January 21, 2023, 08:36:56 AM
#32
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.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
January 21, 2023, 08:10:55 AM
#31
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.
legendary
Activity: 2898
Merit: 1823
January 21, 2023, 07:18:06 AM
#30
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.
brand new
Activity: 0
Merit: 4
January 20, 2023, 02:52:14 PM
#30
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.
full member
Activity: 1204
Merit: 162
January 20, 2023, 03:00:51 PM
#29
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.
hero member
Activity: 2366
Merit: 594
January 20, 2023, 04:46:17 AM
#28
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.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
January 20, 2023, 03:36:27 AM
#27
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.
full member
Activity: 1526
Merit: 111
Pepemo.vip
January 20, 2023, 01:56:41 AM
#26
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 don't use many indicators, because that just makes me confused, because often each indicator will have a different signal at one time. therefore I only use EMA and assisted with support and resistance. that way I can draw our work area and can determine targets and areas to cut losses if my analysis is wrong. I do this because I do scalping, so if the candle breaks the EMA line, I have to take action. while the ema that I use is 20, 50, 100. I take advantage of the space at each EMA to make a profit, and profit or loss situations are what I usually experience, the main thing is that in sum I still get profit at the end of the month
legendary
Activity: 2660
Merit: 1074
January 19, 2023, 03:58:21 PM
#25
Buy The Rumor Sell The News refers to a trading strategy whereby a trader buys coins based on speculation about an upcoming news or data announcement, and sells coins after the news is published. This can give traders an opportunity to buy securities before everyone wants to buy them, and to make a profit selling them when demand and prices increase.
This is a part of fundamental analysis that can be used in cases like when there are rumors of a centralized exchange collapsing and some good news about bitcoin adoption.

Disadvantages of this strategy include the lack of accuracy and the potential for missed opportunities if decisions are not made quickly enough.

No one can time the market with absolute certainty, buy rumors, and sell news trading strategies are no different. There are a number of reasons why this strategy failed to generate profits for traders.
Non-verified news can also be called as a rumour. It would be better to verify things first before we act because we don't know what if what they are spreading is only just a FUD? I mean if they say this new coin will pump and then they encourage us to buy it, will you also buy it? But we can also do our own research to have a better understanding.

Selling can be optional as long as what you are hodling is a top coin because they can always recover even if there is a negative news and then everyone expects that it will have a negative impact on the coins that we hold. I still think that fundamental analysis is more accurate than technical analysis because they are mostly based on real-time events not unlike to TA that we are only predicting based on the movements of the price.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
January 19, 2023, 02:40:24 PM
#24
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 use Pivot point indicator which automatically draws a line on my mt4 chart with RSI indicator to determine overbought and oversold areas, however I always take a trading decision based on Price Action around the Pivot points because candlestick patterns behavior at those zone is also an indicator, an exhaustion candle with a bullish or bearish wicks are factors I considered for a possible price reversal at the either side mostly using a higher timeframe from 4 hour time frame and above, though I haven't perfected my trading strategy yet because this comes with huge period of charting time.
legendary
Activity: 3052
Merit: 1168
Leading Crypto Sports Betting & Casino Platform
January 19, 2023, 08:57:38 AM
#23
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.

This changes with the chart i am trying to analyze. If the coin or token doesn't have any correlation in the past with the indicator i tried, i'll change it to something i find it reacting with. My go to for finding big moves is going trough some MA crosses. This doesn't mean i would use too much time for a chart that i don't find interesting enough. Not every chart is tradeable for me. I am not good enough for that.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
January 19, 2023, 12:39:52 AM
#22
Usually, I use RSI, MACD, and BB. But sometimes, I buy when the price is low during a correction and leave it like that without any desire to sell quickly. Currently, when the price of bitcoin is unstable and can change direction, it often makes me wrong in analyzing the movement of bitcoin, so I try to buy at a low price and hold it for a while until the price increases. But since my focus is on accumulating bitcoins, I don't trade too much and just buy and hold bitcoins.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 19, 2023, 12:16:03 AM
#21
Buy The Rumor Sell The News refers to a trading strategy whereby a trader buys coins based on speculation about an upcoming news or data announcement, and sells coins after the news is published. This can give traders an opportunity to buy securities before everyone wants to buy them, and to make a profit selling them when demand and prices increase.
This is a part of fundamental analysis that can be used in cases like when there are rumors of a centralized exchange collapsing and some good news about bitcoin adoption.

Disadvantages of this strategy include the lack of accuracy and the potential for missed opportunities if decisions are not made quickly enough.

No one can time the market with absolute certainty, buy rumors, and sell news trading strategies are no different. There are a number of reasons why this strategy failed to generate profits for traders.


I mostly agree, but this isn't the strategy I'm referring to at all. There's a huge difference between making trades based on news articles, and following protocols very closely — hence knowing when a significant upgrade/update is about to happen.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
January 18, 2023, 11:04:39 PM
#20
I used BB with RSI but I later understood that no matter the indicator that you use, no indicator that can not fail. The problem most traders faced and losing money is the wrong strategies that they are using, traders needs to use low amount of funds to start trading and to know how to make use more of averaging than stop loss. Averaging are for professional traders.
Right now I'm testing those on low time frames and trying to be over 50% in good trades. But I'm trading small money like you sad, it's stress free. Even like this is hard to stay over 50% adding bigger funds and more stress it seams almost impossible to be in profit.
The win rate is important but it is not everything, the size of your wins and losses matter a lot and could make even strategies with a low accuracy profitable.

Lets suppose you had a strategy which only won one out of every three trades and it had a risk reward ratio of one to three, you will lose two dollars on your two losing trades but you will earn three dollars on your winning trade for a total profit of one dollar, as you can see even a system with a low win rate can be profitable, just make sure to paper trade your strategy and evaluate if your current strategy can still be profitable despite its low winning rate.
legendary
Activity: 1946
Merit: 1157
MAaaN...!! CUT THAT STUPID SHIT
January 18, 2023, 06:52:42 PM
#19
Nothing — I don't use "traditional" indicators at all, as I trade using narratives and social signals(mostly on Twitter, Reddit on rare cases); and to add to that, fundamentals — yes, as funny as it sounds you can use fundamental analysis on crypto on some cases.

Buy The Rumor Sell The News refers to a trading strategy whereby a trader buys coins based on speculation about an upcoming news or data announcement, and sells coins after the news is published. This can give traders an opportunity to buy securities before everyone wants to buy them, and to make a profit selling them when demand and prices increase.
This is a part of fundamental analysis that can be used in cases like when there are rumors of a centralized exchange collapsing and some good news about bitcoin adoption.

Disadvantages of this strategy include the lack of accuracy and the potential for missed opportunities if decisions are not made quickly enough.

No one can time the market with absolute certainty, buy rumors, and sell news trading strategies are no different. There are a number of reasons why this strategy failed to generate profits for traders.
sr. member
Activity: 2422
Merit: 357
January 18, 2023, 04:46:24 PM
#18
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’m using the basic indicators as well, just include Fibo on your list and that can be more ok.
Using indicators are necessary, we should trade and analyze with it because in trading your work is very important. Indicators tells us when to buy and sell, this is why its advisable to have this from time to time and adjust accordingly. If you can’t tell your analysis is correct, try other indicators to complement your analysis and make it right.
sr. member
Activity: 2366
Merit: 332
January 18, 2023, 03:26:37 PM
#17

Well then I'm doing something wrong since I'm doing okey not great with day trading. I keep doing it for quite some time now and still it's not easy...

Don't trade like you are gambling. It is a very serious business and career that if you understand and do it well, your future is guaranteed. Trade with analysis, get a jotter or book to relearn yourself, write things down and study important things. Also check your better trades that you have made profit in and compare your note to the times you have lost out. Always apply stop loss to your trade and you can reduce your losses that way.
full member
Activity: 1204
Merit: 162
January 18, 2023, 02:20:16 PM
#16
Dear buddy, it's up to the condition of the recent market and also the trade type. If you are going for a long time in the trade I will prefer the Moving Averages, particularly 20EMA and 50EMA. And with the basic support and resistance + MV a newbie can even trade easily and efficiently. 
Well then I'm doing something wrong since I'm doing okey not great with day trading. I keep doing it for quite some time now and still it's not easy...
legendary
Activity: 966
Merit: 1042
#SWGT CERTIK Audited
January 18, 2023, 01:24:17 PM
#15
Dear buddy, it's up to the condition of the recent market and also the trade type. If you are going for a long time in the trade I will prefer the Moving Averages, particularly 20EMA and 50EMA. And with the basic support and resistance + MV a newbie can even trade easily and efficiently. 
hero member
Activity: 1708
Merit: 566
Leading Crypto Sports Betting & Casino Platform
January 18, 2023, 08:08:23 AM
#14

Apart from the indicators, I usually also see candlestick patterns to determine price movements, this does look simple, but if we really understand the science of this, candlesticks are also very important for us to use as a way to determine movement.

Candlestick don't look simple for newbies and those that are still confused about it. Experienced traders can say so but not new traders because it can also confused the trader at high volatility time. Also, it is good when analysed using a longer time like daily, weekly and monthly.
In this case actually when saying new or novice traders I think it would not be very wise for them to do this.
For them, they are an exception, in my opinion, even though in the end they will be there, but for beginners, they should not trade first if they still don't know the knowledge and haven't studied trading techniques further.
It will only be a waste of their money if they will push themselves when they don't know this. Confused doesn't mean you can't but it doesn't mean you have to force yourself and it's better to learn more first so you don't just waste money trading.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
January 18, 2023, 07:40:38 AM
#13

Apart from the indicators, I usually also see candlestick patterns to determine price movements, this does look simple, but if we really understand the science of this, candlesticks are also very important for us to use as a way to determine movement.

Candlestick don't look simple for newbies and those that are still confused about it. Experienced traders can say so but not new traders because it can also confused the trader at high volatility time. Also, it is good when analysed using a longer time like daily, weekly and monthly.
Yes, I agree with you, that candlesticks are not simple, because there are, say, "signals" to form the next candlestick. Beginners might look confused and wonder how it works, I even recommend beginners to study candlestick patterns before entering into trading. In practice it will indeed be more difficult than it looks, but it is very helpful in trading, especially if we are trading for a short time or scalping.
sr. member
Activity: 2366
Merit: 332
January 18, 2023, 06:56:47 AM
#12

Apart from the indicators, I usually also see candlestick patterns to determine price movements, this does look simple, but if we really understand the science of this, candlesticks are also very important for us to use as a way to determine movement.

Candlestick don't look simple for newbies and those that are still confused about it. Experienced traders can say so but not new traders because it can also confused the trader at high volatility time. Also, it is good when analysed using a longer time like daily, weekly and monthly.
hero member
Activity: 1708
Merit: 566
Leading Crypto Sports Betting & Casino Platform
January 18, 2023, 04:01:58 AM
#11
In my opinion, the indicators that you use are the most frequently used by people, RSI, MACD, BB are indicators that I also often use. But that goes back to which indicators we think are easier to use and also to understand. The indicators mentioned become important to determine in which direction the market moves. Apart from the indicators, I usually also see candlestick patterns to determine price movements, this does look simple, but if we really understand the science of this, candlesticks are also very important for us to use as a way to determine movement.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
January 18, 2023, 02:27:40 AM
#10
Nothing — I don't use "traditional" indicators at all, as I trade using narratives and social signals(mostly on Twitter, Reddit on rare cases); and to add to that, fundamentals — yes, as funny as it sounds you can use fundamental analysis on crypto on some cases.
It is good to keep to the strategies that is working for you but indicators are very important to many traders like me, but it also depends on the type of trading that you choose, indicators is very important for scalping and day trading, but using the right strategies to help in profiting even if indicators failed because indicators can fail. I have learned how to trade myself and I had several failure just because of the wrong strategies that I was using before. Indicators are very important if used with the right strategy. Fundamentals analyses are very important too just like you said.
sr. member
Activity: 1386
Merit: 451
January 17, 2023, 11:47:24 PM
#9
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 trade using three indicators RSI, EMA, MA. But as far as I know the index is never responsible for losing trades. Most traders lose their money by using wrong strategy and trading at wrong time. OP the time you traded was not the right time to trade. You have traded using wrong strategy due to which you have lost trades. Trading indicators are never responsible for this.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 17, 2023, 11:08:27 PM
#8
Nothing — I don't use "traditional" indicators at all, as I trade using narratives and social signals(mostly on Twitter, Reddit on rare cases); and to add to that, fundamentals — yes, as funny as it sounds you can use fundamental analysis on crypto on some cases.
hero member
Activity: 2366
Merit: 594
January 17, 2023, 09:40:12 PM
#7
Before when I was starting trading, for sure some of the people here have also done this, I've tried as many indicators in my chart so that I could see the better trade position but turns out it made me confuse lol I thought having a ton of it is that you can easily see when to trade. But later on, I decided to use only RSI, MACD, MA and Fibonacci lines this is really my main indicators and mostly I just draw the resistance and support lines since some indicators are I don't want the way it draws.
legendary
Activity: 2492
Merit: 1232
January 17, 2023, 06:39:44 PM
#6
These could be the most common now.
  • RSI
  • MACD
  • Bollinger Bands

Don't stick to one indicator, if one of them has consistent failures, switch quickly to another one.
There are too many of them to use, just DYOR for it if you really learn some indicators.
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
January 17, 2023, 05:26:07 PM
#5
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.
RSI/MACD
MA
FIB
Support and resistance lines

and some various indicators basing up on market condition.
If much prefer i would really be liking to have that naked trading yet you could able to point out
on just looking those candle positions which is something varies on someones experience.
Doesnt matter on which one you would use as long it would really be that beneficial for you on whatever you are dealing with.
sr. member
Activity: 2366
Merit: 332
January 17, 2023, 05:03:02 PM
#4
The indicators you mentioned are not really far from what others use and no indicator that is perfect because from time to time they also have some failure attributed to them especially when a trend is formed and volatility. What the difference is, you can look at your trading style and adjust it like your risk that you take. Reduce your risk, don't stay in the market all the time, use stop loss also.
full member
Activity: 1204
Merit: 162
January 17, 2023, 04:44:01 PM
#3
I used BB with RSI but I later understood that no matter the indicator that you use, no indicator that can not fail. The problem most traders faced and losing money is the wrong strategies that they are using, traders needs to use low amount of funds to start trading and to know how to make use more of averaging than stop loss. Averaging are for professional traders.
Right now I'm testing those on low time frames and trying to be over 50% in good trades. But I'm trading small money like you sad, it's stress free. Even like this is hard to stay over 50% adding bigger funds and more stress it seams almost impossible to be in profit.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
January 17, 2023, 04:35:54 PM
#2
I used BB with RSI but I later understood that no matter the indicator that you use, no indicator that can not fail. The problem most traders faced and losing money is the wrong strategies that they are using, traders needs to use low amount of funds to start trading and to know how to make use more of averaging than stop loss. Averaging are for professional traders.
full member
Activity: 1204
Merit: 162
January 17, 2023, 04:24:34 PM
#1
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.
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