Quote from: xSkylarx on Today at 09:46:17 AM

Quote from: Mpamaegbu on Today at 08:36:27 AM

Quote from: JooBra on January 17, 2023, 09:24:34 PM

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.