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What Technical Indicators do you rely on before entering a trade?
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Member Since Feb 11, 2012 2 posts
Jacob (Trade4Profit)
Feb 12 2012 at 07:39
Many traders have different trading systems.
My question to experienced traders, is: What technical indicators do you rely on before entering a trade? AND What time frame do you trade? example: M1 M5 M15 M30 H1 H4 D1 W1 MN Losses happen, Limit them. |
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Member Since Feb 03, 2012 21 posts
alphasys
Feb 13 2012 at 07:11
Hi, rsi, stochastic, bollinger, entering M1, checking support and resistance on others, hope this help.
eating pips! |
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Member Since Feb 11, 2012 2 posts
Jacob (Trade4Profit)
Feb 14 2012 at 07:42
Thanks Alphasys.
I've been relying on bollinger bands to catch small trends, which has been good to me so far, but I wanted to know what other indicators I should use. Losses happen, Limit them. |
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Member Since Feb 03, 2012 21 posts
alphasys
Feb 14 2012 at 18:18
Hi Jacob, also i enter depending on the open or closing time of markets, as for example when a market is going bull, 10 minutes before closing people start to sell, so its a retracement, if its near a support, rsi and stochastic say enter i go for it if it goes with the daily price.
Pips for everyone! eating pips! |
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Member Since Jun 12, 2011 31 posts
trader757
Feb 18 2012 at 01:28
I don't use any indicators at all. I just use support/resistance, candlesticks and patterns like double top, double bottoms, etc. That's all i need. No fancy indicators. For me they are useless.
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Member Since Feb 21, 2012 1 posts
Capri Swine (Capriswine)
Feb 21 2012 at 07:33
Hi, I use simple ones like Stochastic and RSI for entry signalling... I'm more stringent when it comes to trend prediction, so I use Elliott Waves on H1 to D1 to make sure they all point towards the same direction
StopLoss is friend, not foe... |
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Member Since Dec 02, 2011 8 posts
Miike (miike)
Feb 22 2012 at 09:45
KISS, S/R and 2 x SMA's, I trade any symbol and only use daily for signals.
:) Miike |
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Member Since Feb 16, 2012 83 posts
Steve Walker (nordic_)
Feb 22 2012 at 09:47
there is only one. Elliot waves. others are all junk.
Trade the Trend Defend to Price |
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Member Since Aug 06, 2011 204 posts
Gary Sharp (myfxpt)
Aug 18 2012 at 01:08
It's all in the price action.
Keep it simple! |
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Member Since Jan 14, 2010 554 posts
James_Bond
Aug 19 2012 at 12:31
I think if you look hard enough, you'll find patterns with every type of indicator or so called 'trading system'. Whatever makes you see those patterns, if you can profit from it, keep using it
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