It is quite a while I have been on this forum, I have noticed some people saying they are not using trading indicators for trading, some people highly recommend people to use indicators. As for me, I have noticed to better draw lines or just carefully look at the candle sticks which significantly got me many information about the next steps to take. Out of all the indicators, I have preferred the RSI but which I can still also predict from the candle stick and I like drawing lines which can easily indicate the extent market increase or fall.
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?
Indicators are obviously useful, they don't give you trade ideas directly but indirectly they help you in identifying which trade is valid and which is invalid by creating something we call confluence, having 2-3 indicators by your side ensures that you get enough confirmation before you enter into any trade. Deciding which indicators to keep that obviously is pretty subjective, RSI is the most popular one for sure, a lot of people like that because it helps in identifying trends as well as the momentum of the market. Along with that EMA/MA helps you in identifying accurate demand and supply zones to help you identify potential pivot points.