Post
Topic
Board Trading Discussion
Re: Are you using trading indicators?
by
Ratimov
on 31/03/2022, 14:59:04 UTC
I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

If you are using indicators for trading, which ones have you used that make a good trades for you?

Never used indicators. Only levels and trend lines. There is nothing better than them, for 4 years of my trading I was convinced of this repeatedly. Although I cannot say that all indicators are not working, but during strong price shocks, for example in March 2020, many of them stopped working. I would definitely not recommend using technical analysis to determine the future price, as charlatan Plan B is trying to do.

Summing up, my choice is in favor of levels and trends on the chart 1D or higher, 4H is also possible, but daily candles are more authoritative. Do not use minute charts to identify trends and support/resistance levels, they are confusing and encourage you to make the wrong decisions.