Indicators are useful but
Member Since Sep 15, 2020
20 posts
Jan 28, 2021 at 02:43
Indicators should be used as an indication of the price movement, not for signals. Because indicators always give you a false signal especially in a lower timeframe if you rely on it. Overbought and oversold levels of the indicator do not mean what it was, maybe the price has made a breakout or the price may stay in that level for a long time.
Member Since Dec 05, 2020
81 posts
Jan 28, 2021 at 06:38
blackChelsea posted:True, what are your favorite indicators?
Well, everything has its own importance. I must say, we should make a strategy by using both indicators and charts. Solely analyzing charts without indicators may fail your plan and you will end up with a big loss. Try to learn how to use indicators in charts and then go ahead with your trade.
Member Since Dec 15, 2020
12 posts
Feb 23, 2021 at 04:23
Pairing an indicator with a profitable strategy can turn out to be very good for traders. I also try some indicators with price action for getting better results.
Member Since Feb 25, 2020
95 posts
Feb 23, 2021 at 08:27
You need to use the indicators that suit you in combination with other tools. And it's also important to have an understanding of what you are doing. You must be able to correctly understand the information that you have. It so happens that the indicator clearly screams about the entry point, the trader cannot correctly recognize this signal, and the moment of entering the market is lost.
Member Since Jul 20, 2020
298 posts
Mar 07, 2021 at 02:14
The indicator is indeed very profitable but it is very slow. So many times the indicator provides the signal after a move is lost.
Member Since Aug 23, 2021
8 posts
Aug 23, 2021 at 09:12
you can use indicators, Fibo and anything as you want. But try first to have a look at the chart history and check how effective they are. I think 1D charts can be only tradable if you use for example MACD.
no day trading at all 420 days, 3 hours, 12 min
Member Since May 19, 2020
350 posts
Aug 24, 2021 at 17:29
Indicators are a way to look at chart data using mathematical functions, averaging, etc. Indicators do not predict the future, they only help to correctly assess the current market situation.
@Marcellus8610
Member Since Jun 11, 2020
29 posts
Aug 28, 2021 at 08:29
Indicators can increase win rate indeed but money management is the key to earn
Member Since Jun 11, 2020
29 posts
Sep 04, 2021 at 17:06
we can say that indicator makes us 55-60% win rate though we can lose 100% after 200% win.
so the power of system is the money management
so the power of system is the money management
Oct 05, 2021 at 20:07
It is very important to realise that indicators are sometimes wrong and the main thing which a trader should pay his attention to is the charts as they show the accurate situation of the market and indicators only help the traders to make the right decision.
Oct 06, 2021 at 04:50
Devers posted:Indicators will be wrong if you do not pay attention to analysis being used, I am talking about fundamental and technical analysis.
It is very important to realise that indicators are sometimes wrong and the main thing which a trader should pay his attention to is the charts as they show the accurate situation of the market and indicators only help the traders to make the right decision.
Member Since Aug 17, 2021
94 posts
Oct 09, 2021 at 18:38
The Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator. Along with trends, it also signals the momentum of a stock. The MACD line compares the short-term and long-term momentum of a stock in order to estimate its future direction.
Member Since Mar 17, 2021
536 posts
Oct 12, 2021 at 07:21
AliForexTalks posted:You are right.
The Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator. Along with trends, it also signals the momentum of a stock. The MACD line compares the short-term and long-term momentum of a stock in order to estimate its future direction.
Member Since Jun 21, 2021
33 posts
Oct 12, 2021 at 11:00
AliForexTalks posted:Agreed @AliForexTalks
The Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator. Along with trends, it also signals the momentum of a stock. The MACD line compares the short-term and long-term momentum of a stock in order to estimate its future direction.
Apart from MACD, I feel, RSI is quite helpful in forex trading.
Member Since Sep 13, 2021
8 posts
Oct 12, 2021 at 11:14
I do not like MACD. It lags to much. But I do like RSI as guide to ho strong a trend is
Member Since Mar 17, 2021
536 posts
Jan 07, 2022 at 06:40
croisssan posted:Yes. you need to have proper knowledge about indicators before using it.
As for me, the indicator is quite a useful thing, but only if it is used correctly. Sometimes you can get too stupid if you use purely indicators.
