Topic: Which trading indicators/traders would you recommend? (Read 438 times)
I would generally advise learning to work without indicators. It seems to me that it will be better for a trader, because if you rely on your knowledge, the result will always be better.
I would advise you to pay maximum attention to personal training, rather than relying on indicators and so on. Very often this may not give the desired result.
true that's a good suggestion, because indeed most results of relying indicators which they learned only in the internet are not good and they all ended up massive losses. So as long as you can afford to take courses, that would be better option to be honest because surely you will have a good results after all. 
In the end the only relevant thing is a technique that can be replicated,,, success that is sustainable in the long term and replicated by others because short term results is easy to do. Anyone can take out one period of lucky profits and take it out of context. But a group that can show long term years of results is the only relevant thing to me. Besides the fact we all love reading and seeing TA 
That is true, if you were trading anywhere between October of 2020 to October of 2021, that would mean that you could have profited a lot if you are lucky. Of course, it doesn't mean that you will profit for sure, there are some moments even during those days where the price went low, like during may of 2021 for example, but that is rare and going up is more common.Do not focus on making profit just on the correct hyped times but try to use the lower times like today to make a profit. You may not make the profit today, but you could at least make a profit in the future based on what you are doing today and that means a lot for anyone who wants to see the future.
Lucky is exactly the thing a lot of traders do not understand they are when they get profit again and again. Lucky because they chose to trade in the bull run, without them ever knowing they were in a rally. Anybody literally would make money when prices go up and up and up for no reason.
Here,,, again I want to say a lot of people forget to factor in luck and replicability. Strategy has to be replicable in results. If not,,, it is not a strategy!
I would advise you to pay maximum attention to personal training, rather than relying on indicators and so on. Very often this may not give the desired result.
In the end the only relevant thing is a technique that can be replicated,,, success that is sustainable in the long term and replicated by others because short term results is easy to do. Anyone can take out one period of lucky profits and take it out of context. But a group that can show long term years of results is the only relevant thing to me. Besides the fact we all love reading and seeing TA
That is true, if you were trading anywhere between October of 2020 to October of 2021, that would mean that you could have profited a lot if you are lucky. Of course, it doesn't mean that you will profit for sure, there are some moments even during those days where the price went low, like during may of 2021 for example, but that is rare and going up is more common.Do not focus on making profit just on the correct hyped times but try to use the lower times like today to make a profit. You may not make the profit today, but you could at least make a profit in the future based on what you are doing today and that means a lot for anyone who wants to see the future.
I use this one for 1H time frame. Sometimes I need to optimize it with the current market conditions:
For LONG:
Open
RSI (14) is up by 20% in last hour
Price is above SMA(50)
RSI (14) is below 70
Close
MACD (12, 26, 9) is crossing down MACD SIGNAL(12, 26, 9)
For LONG:
Open
RSI (14) is up by 20% in last hour
Price is above SMA(50)
RSI (14) is below 70
Close
MACD (12, 26, 9) is crossing down MACD SIGNAL(12, 26, 9)
I use
BUY
Price is above ema(21)
Price is above psar
macd is above macd signal.
SELL
MACD is crossing down macd signal
*** using the opposite for short positions
I also additionally check ADX for filtering out the ranging market.
BUY
Price is above ema(21)
Price is above psar
macd is above macd signal.
SELL
MACD is crossing down macd signal
*** using the opposite for short positions
I also additionally check ADX for filtering out the ranging market.
And if anyone else thinks differently,,, then my challenge is to ask them to post their results in forum and see for ourselves which is good long term,,, but I know it eventually ends in loss just to prove no indicator is good for profit, only for enjoyment
I do agree with this. I believe that there needs to be a bit of a leeway between the TA and the real results. I get that TA "could" bring good results, but that doesn't mean that you should be focusing just on that, I get that it is not going to be that easy, but it is going to be something that is quite amazingly just "relevant" and yes it is so relevant that sometimes it makes you money but that's about it, there is no other connection between them at all.Yup! In the end the only relevant thing is a technique that can be replicated,,, success that is sustainable in the long term and replicated by others because short term results is easy to do. Anyone can take out one period of lucky profits and take it out of context. But a group that can show long term years of results is the only relevant thing to me. Besides the fact we all love reading and seeing TA
My point is not that these groups are good enough,,, rather my point is no group is even close to being good let alone to guarantee profit, no matter which indicator or strategy they use.
And if anyone else thinks differently,,, then my challenge is to ask them to post their results in forum and see for ourselves which is good long term,,, but I know it eventually ends in loss just to prove no indicator is good for profit, only for enjoyment
I do agree with this. I believe that there needs to be a bit of a leeway between the TA and the real results. I get that TA "could" bring good results, but that doesn't mean that you should be focusing just on that, I get that it is not going to be that easy, but it is going to be something that is quite amazingly just "relevant" and yes it is so relevant that sometimes it makes you money but that's about it, there is no other connection between them at all.And if anyone else thinks differently,,, then my challenge is to ask them to post their results in forum and see for ourselves which is good long term,,, but I know it eventually ends in loss just to prove no indicator is good for profit, only for enjoyment
As I understand, some people see these indicators as the end result and invest accordingly and they hope that what they see on the charts will happen exactly as they hoped it would and that is how they are going to end up with a profit. I doubt that would happen but there is also nothing that I can show to prove them wrong neither, only if we go back and show them in retrospective.
trend line and chart pattern maybe could be simple trading system but profitable, i see many traders only use this and they have good result consistently. for some traders, simplenes could make them comfortable to analize market. and maybe combining with fibonancci will help us to identif level correction and continuation.
I studied chart formations on daily time, usually their is a repeated price action pattern that occurs from daily to 12 hours, 8 hours, and 6 hours, timeframe, while using a trendline on a lower timeframe for entry, a break out of price outside the trendline, I also use price breakout outside the Bollinger Band for take profit, EMA indicator for trend direction, I only want to follow a simple KISS trading principle, keep it simple stupid, while avoiding a clusters of indicators that can indicate contradictory signals, candlestick patterns are also indicator, they reveal a lot of information about the next direction of the price. I mean,,, when you recommend, success rate is all that matters right?
Are those groups you mentioned good enough? On why you think they can be helpful on this thread but maybe some of those members are already a member on this forum and we don't know maybe they are already done commenting here. There are still good traders here in the forum and I can trust them more than the outsiders. You need to be honest when you recommend.You can indicate if how much is the success rate so that the OP will have an idea if what to expect. Success rate can matter but even if the success rate is not that high, there are still chances that it will work perfectly. Sometimes it only depends on the one that uses it.
My point is not that these groups are good enough,,, rather my point is no group is even close to being good let alone to guarantee profit, no matter which indicator or strategy they use.
And if anyone else thinks differently,,, then my challenge is to ask them to post their results in forum and see for ourselves which is good long term,,, but I know it eventually ends in loss just to prove no indicator is good for profit, only for enjoyment
In general, I advise you to work better so that you yourself know the analysis well. It can give a trader much more than indicators.
Someone should talk to some of those Telegram channel socalled hero traders. Get them to open an account here on this forum,,, and post the trades one by one. OR someone here posts on their behalf, and show everyone which indicators they use and why, and then we can get a long success/failure story with proof.
I mean,,, when you recommend, success rate is all that matters right?
Are those groups you mentioned good enough? On why you think they can be helpful on this thread but maybe some of those members are already a member on this forum and we don't know maybe they are already done commenting here. There are still good traders here in the forum and I can trust them more than the outsiders. You need to be honest when you recommend.I mean,,, when you recommend, success rate is all that matters right?
You can indicate if how much is the success rate so that the OP will have an idea if what to expect. Success rate can matter but even if the success rate is not that high, there are still chances that it will work perfectly. Sometimes it only depends on the one that uses it.
Not an indicator type of trader, am all about naked charts and a touch of technical analysis but depending on which assets you are trading, for example if you trading currencies use tools like the kill switch found on trading view and its a handy tool for me has it shows when markets are most volatile for faster market moves and bigger profits but anything else I just read they charts as they are.
As long as you are making money that is all what matters, many people concentrate too heavily in what other traders are doing not understanding that what affects them the most is what they do or do not do, indicators as their name implies are nothing more but a few formulas that help you see more clearly an aspect of the market and nothing more, so if you can trade the markets by just looking at the price and the volume then that is fine, and it could even be argued that it is a superior way to trade as if you use several indicators it is not rare to find contradictory signals, making your trades unnecessarily more difficult in the process.
To be honest, I rarely try to use them at all. I often have enough of my own market analysis. But, it is important to understand that not everyone will be able to master this option.
Once I was looking for a good indicator, and in Youtube videos there is a speculator that uses the ichimoku cloud plus two more lines that I don't remember the name of, I know that those two indicated when to enter the market and when not, and the truth like if i figured out what it was, i checked it several times and it had a high rate of return.
Of course this is just a way of seeing the market and operating, it is not a sure thing, but as far as I have seen everything that has to do with technical analysis, it is the closest thing to success.
The thing is that, that shows exactly when the market "should" go up, and not when it will be. These type of situations allow people to make money "most" of the time which is why people end up believing that they could make money since they see it working most of the time. However timing and managing your bankroll means a lot in this case.Of course this is just a way of seeing the market and operating, it is not a sure thing, but as far as I have seen everything that has to do with technical analysis, it is the closest thing to success.
This is because, you could end up with a good return once, and then double your investment next time when you get in and lose more because that was a wrong one, so you always need to be careful, grow your investment slowly each time you get in, and make sure that you enter with money you could lose and still go on.
Someone should talk to some of those Telegram channel socalled hero traders. Get them to open an account here on this forum,,, and post the trades one by one. OR someone here posts on their behalf, and show everyone which indicators they use and why, and then we can get a long success/failure story with proof.
I mean,,, when you recommend, success rate is all that matters right?
I mean,,, when you recommend, success rate is all that matters right?
Momentum and Price Levels
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I only use 1 indicators in spot trading, RSI indicator to see if the coin is overbought or oversold. Other than that I also use support and resistance, trend line and bollinger band to analyze the market. It works for me at 15 mins to 1 hour time frame.
Some of us may have different tools or indicators it depends on what kind of strategy we are using or how are we see the market.
Some of us may have different tools or indicators it depends on what kind of strategy we are using or how are we see the market.
Same thing here.
I only use those indicators because they are so easy to understand, the more simple, the better. Too much indicators in your price chart is a little bit confusing in my opinion. You just need RSI to spot divergence, and the resistance and support to know where to possibly enter a trade because mostly if the support and resistance has been broken, the price would dump or pump for sure.
You also need to spot the higher highs and lower lows for the trend line. It is also a great combo for your RSI strategy.
Once I was looking for a good indicator, and in Youtube videos there is a speculator that uses the ichimoku cloud plus two more lines that I don't remember the name of, I know that those two indicated when to enter the market and when not, and the truth like if i figured out what it was, i checked it several times and it had a high rate of return.
Of course this is just a way of seeing the market and operating, it is not a sure thing, but as far as I have seen everything that has to do with technical analysis, it is the closest thing to success.
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