Topic: Which trading indicators/traders would you recommend? - page 2. (Read 438 times)
1 good tool you can use is the Fibonacci Retracement tool but this could only work through a uptrend and downtrend that do pullbacks and doesn't work with sideways trend or horizontal trend and the Fibonacci tools is much more effective if you use other tools like RSI.
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.
That's up to you mate. What makes it important is we are making a profit, not huge losses. Even for me, TA and FA are very important in trading rather than using trading indicators but if we are looking to increase our chances, these indicators seem of huge help. And aside from that, even the use of all indicators never means that we are already safe and have a profit assurance, the results of our trades determine how we respond to the market condition which depends also on how we make decisions.
In general, it all lies in decision-making and in how we evaluate the market. Sometimes we neglect to follow the indicators as we follow our emotions. That was the fact.
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.
Hello Bitcointalkers,
The subject of the thread is pretty self-explanatory, I am wondering which tools would you recommend for spot trading in particular.
Indicators are useless unless they are part of a coherent strategy, there are people using no indicators and still making money in the markets while there are those that have their charts full of them and lose money, unless you know what you want to measure in the market and which indicator is best for that task then you will be trading blindly, which is what most people do, so I will recommend that you read more about the indicators, understand they are supposed to measure, how they are used and then find a way to use them together so you can trade the markets. The subject of the thread is pretty self-explanatory, I am wondering which tools would you recommend for spot trading in particular.
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.
Always keeping it simple with few indicators on the platform that you trade with is better of than a whole cluster of indicators that will end up confusing you. Usually newbies make a whole of bunch of indicators thinking it is going to be helpful but with the confusion, you see no progress is made. I have learnt this lesson myself that it is better to master few indicators.
I am wondering which tools would you recommend for spot trading in particular.
There's no gainsaying that the numerous indicators on platforms exist for the reason that each of them is used by one trader or the other. There are done I would find utterly useless but I also see certain traders mention them as useful. I guess it's the "one man's meat is another's poison" type of thing. Having so much indicators on platforms often complicates trading. The logic is to keep it simple. I like to use and depend heavily on line indicators of Support & Resistance, Pivots and Trendlines and then mix with rsi and MA for crosses. Keep it simple. Trading shouldn't be complicated. Hello Bitcointalkers,
The subject of the thread is pretty self-explanatory, I am wondering which tools would you recommend for spot trading in particular.
This can be a very varied question. One can have a just 2-3 basic indicators in his view and still can achieve great heights in trading and on the other hand someone might have like 10 indicators but is still losing all his trades, for me personally I feel keeping a MA band of around 3 MAs covering all the time frames and RSI along with a Momentum indicator liking MACD is enough for you, rest play is with pivot points, quantitative data and patterns.The subject of the thread is pretty self-explanatory, I am wondering which tools would you recommend for spot trading in particular.
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.
Thank you all for the replies, I didn't expect that many people to join in 
I've been using fibonacci combined with BB and EMA.
In 2019-2020 I used a lot filbfilb's predator indicator and it was performing quite well at the time.
I've been trying to build an automated trading bot with a friend of mine and I am exploring different TA approaches which we can test out.
Building an automated trading bot is not easy as it needs to know more indicators to analyze the market. As we know that the market will always change, so you need to learn more about the indicators. Using Fibonacci, BB and EMA is good but adding Bollinger Band, RSI, and MACD as supporting indicators will help you analyze. But I am not sure if the bot can detect the change if the market change so fast. Good luck, @OP. I've been using fibonacci combined with BB and EMA.
In 2019-2020 I used a lot filbfilb's predator indicator and it was performing quite well at the time.
I've been trying to build an automated trading bot with a friend of mine and I am exploring different TA approaches which we can test out.
Hello Bitcointalkers,
The subject of the thread is pretty self-explanatory, I am wondering which tools would you recommend for spot trading in particular.
This can be a very varied question. One can have a just 2-3 basic indicators in his view and still can achieve great heights in trading and on the other hand someone might have like 10 indicators but is still losing all his trades, for me personally I feel keeping a MA band of around 3 MAs covering all the time frames and RSI along with a Momentum indicator liking MACD is enough for you, rest play is with pivot points, quantitative data and patterns. The subject of the thread is pretty self-explanatory, I am wondering which tools would you recommend for spot trading in particular.
The best way to learn trading is just skip of trading tools or traders.Don’t follow anything,just do trading my creating own strategy.It’s possible of losing money for sure.But it will be the temporary one,it’s not a permanent one.You need to find the high potential coin first.Then you will get the loss percentage will be less.Because it’s not a easy task to ,you need to study the full background of project.
I cannot recommend for anyone to do something like this, trading and investing are like huge competitions in which your way to keep the score is the amount of money in your account, if every single trader out there is trying their best to improve, then how do you expect that you are going to be able to outsmart them and invest in the right coin when you do not know anything about the markets? It is imperative to study the markets if you want to earn money, otherwise you will lose your money and learn noting from those losses. 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.
In 2019-2020 I used a lot filbfilb's predator indicator and it was performing quite well at the time.
For me, sticking to and mastering a technique or indicators or how you do trades will help you to become a good trader. Having consistency is the key especially in trading because not all of the trades are winning.
Avoid using such indicators with shitcoins that can easily get pumped and dumped, or else you will get rekt.
trading shitcoin doesnt need any indicator to analize its price based on technical. just following hype and trend will help us to earn money , but we must take profits as soon as possible and dont ever hold it too long or we will gonna rekt.fibonacci combined with price action analisys will be great system to earn profits. usually to identify trend, traders using moving average or trendline and too analize correction or continuation level could use fib retracement and fibo expansion. this is simple system that could applied by all traders.
price action analisys was difficult technique and need long time to understand price habit. maybe full traders will faster applied this strategy due they have more time to monitor price. 
In 2019-2020 I used a lot filbfilb's predator indicator and it was performing quite well at the time.
This doesn't mean that you can't make a profit with your old system ever again, it may make a comeback, so it could go from 100-80-50-70-100 all over again. It just means that it doesn't really hurt to have some sort of backup plan and some indicators to know in case yours starts to slow down.
In 2019-2020 I used a lot filbfilb's predator indicator and it was performing quite well at the time.
If you have an indicator that is performing well so what is the point of leaving it? Always follow what is working for you in trade and not to be confused by others because if you allow them get you deceived you can keep going round in circle and wasting your time. I like sticking with what works.
Thank you all for the replies, I didn't expect that many people to join in
I've been using fibonacci combined with BB and EMA.
In 2019-2020 I used a lot filbfilb's predator indicator and it was performing quite well at the time.
I've been trying to build an automated trading bot with a friend of mine and I am exploring different TA approaches which we can test out.
I've been using fibonacci combined with BB and EMA.
In 2019-2020 I used a lot filbfilb's predator indicator and it was performing quite well at the time.
I've been trying to build an automated trading bot with a friend of mine and I am exploring different TA approaches which we can test out.
Hello Bitcointalkers,
The subject of the thread is pretty self-explanatory, I am wondering which tools would you recommend for spot trading in particular.
Indicators are very important, and they all have different usage when it comes to making your trading strategy. Its hard to recommend the basic indicators especially if you are not yet familiar on trading, try to learn first how to trade and read every indicators and know their functions, you might be more effective if you have knowledge on them. MA, SMA, FIBO, RSI are the common indicators for me, and I rarely use other indicators just to confirm the trend but still its helpful sometimes. If you want to be a trader, make time for this. The subject of the thread is pretty self-explanatory, I am wondering which tools would you recommend for spot trading in particular.
It seems most people are missing out one of the most important tools to determine the support and resistance of a given asset at a given time, that is the Fibonacci retracements. This coupled with either MACD or RSI can guide you well on spot market, mostly with coins of high trading volume and market cap.
Avoid using such indicators with shitcoins that can easily get pumped and dumped, or else you will get rekt.
fibonacci combined with price action analisys will be great system to earn profits. usually to identify trend, traders using moving average or trendline and too analize correction or continuation level could use fib retracement and fibo expansion. this is simple system that could applied by all traders. Avoid using such indicators with shitcoins that can easily get pumped and dumped, or else you will get rekt.
The best way to learn trading is just skip of trading tools or traders.Don’t follow anything,just do trading my creating own strategy.It’s possible of losing money for sure.But it will be the temporary one,it’s not a permanent one.You need to find the high potential coin first.Then you will get the loss percentage will be less.Because it’s not a easy task to ,you need to study the full background of project.
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