Quote from: Bitcoin_Arena on May 26, 2025, 10:29:10 PM

Quote from: lexinexi on May 26, 2025, 02:29:23 PM

Thanks guys this gives me a jumping off point

What do you think of using:
bollinger bands
awesome oscillator

Like all other indicators, they are not 100% accurate. So along with the indicators, you should employ some risk management techniques so that if a trade goes wrong, you don't eat up all your previously made profits or blow up the account.

Not a fan of both BB and oscillators since I'm not using them, but if it works for you then you should continue doing it.

Like what he said, no indicator is 100% accurate. No indicator is a "magic" indicator where if you use it, your winnings would guaranteed. A set of indicators would help you that's why professional traders always use the word "CONFLUENCES" with an "S" because in order to confirm if it's a good entry or not, you need more than 1 indicator or confirmation before entering. Risk management is a must when it comes to trading but most importantly, psychology is also a big help as well.

Quote from: Bitcoin_Arena on May 26, 2025, 10:29:10 PM

I haven't yet seen one indicator that gives 100% win rate after so many trades, especially on lower time frames.

Lower time frame = more noise.
Lower time frame = more fake out
Lower time frame = more false breakouts.

These are the reasons why I prefer trading using a higher time frame because for most, higher time frame confirmation = higher chances of it to happen. Higher time frame has more weight compared to those lower time frames.