Post
Topic
Board Trading Discussion
Re: Which indicators you use?
by
EarnOnVictor
on 22/01/2023, 13:30:11 UTC
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.
It's good to know that you use the above indicators, but you did not let us know how productive they have been for your trading so far. Well, I see those indicators as the basis that should rather be used in addition to some more qualified trading tools/systems. If I would advise further, while not trying one or two of the indicators with price action, trendline and Fibonacci strategy? You might be surprised about the outcome provided you used them rightly.

@ EarnOnVictor these indicators that you mentioned all work in same way. In fact they are looking like indicators that I can say are biased because they are drawn with human factor and emotions. They are not like original defunct indicators on the platform. Fibonacci and trebdlines for example are based by your personal believe that form your opinion of where exactly  they will start operating.
Your argument is totally baseless, it even shows that you don't know anything about trendlines and Fibonacci tools. These are powerful support and resistance strategies, and you are here calling them the same as the mere indicators. Well, I know all the inbuilt indicators you can think of and countless of custom indicators that people even buy with 4-digits, yet none of them can be compared with the results that trendline/Fibonacci used with price action would achieve.

You will only be disturbed by much noise with those indicators, but with them (trendline/Fibonacci), your trading must have been well filtered if you know how to use them on the chart, and with the right timeframe.