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What Technical Indicators do you rely on before entering a trade?
Member Since Jun 03, 2010
675 posts
Mar 22, 2015 at 10:00
Trade4Profit posted:
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
Moving averages + custom
Timeframe: usually M30 or M15
PAMM MANAGER // Professional Fund Manager
Member Since Nov 14, 2014
44 posts
Mar 22, 2015 at 10:33
No indicators.... ol' school .. trendlines, support/resistance...
Forex is about the journey not the destination...
Member Since Oct 11, 2013
769 posts
Mar 23, 2015 at 10:05
I prefer using price action only, but I do rely on the 200 and 55 EMAs as dynamic support and resistance levels. Also the ocassional Fibonacci retracements when the markets position themselves in a way that you can use them.
Member Since Sep 12, 2015
1933 posts
Oct 20, 2015 at 06:20
fxdimarion posted:
No indicators.... ol' school .. trendlines, support/resistance...
Cool!
"They mistook leverage with genius".
Member Since Sep 12, 2015
1933 posts
Oct 22, 2015 at 11:21
Teaching my gf to scalp without indicators,one week in she's hitting 70% of trades right."take out the trash".
Be lucky!
Be lucky!
"They mistook leverage with genius".
Member Since Sep 12, 2015
1933 posts
Oct 22, 2015 at 11:22
coen posted:
rsi and macD only none other
You can find the stats on indicators online or you can back test them yourself,I know the stats for MACD are higher than RSI.
Be lucky.
"They mistook leverage with genius".
Member Since Oct 11, 2013
769 posts
Oct 27, 2015 at 07:23
I trade with Fibo levels, stochastics, MACD and look for candlestick patterns and chart formations.
Member Since Oct 19, 2015
7 posts
Oct 28, 2015 at 07:10
Hi Jacob,
Like many others here we do not use any technical indicators to trade, although we do have some moving averages on our chart just to visually confirm what we are seeing. Our technical analysis tools include support/resistance to find key order clustered levels and price action to read the underlying order flow.
We also use fundamentals, macroeconomics, market positioning and psychology, and proprietary risk managements techniques to base our trades and weigh our books.
Our opinion is that it's best to use technical indicators to confirm what you see and your analysis. Using them solely as an entry signal causes you to get late into the game due to their lagging nature.
Good luck!
AlphaInfinity
Like many others here we do not use any technical indicators to trade, although we do have some moving averages on our chart just to visually confirm what we are seeing. Our technical analysis tools include support/resistance to find key order clustered levels and price action to read the underlying order flow.
We also use fundamentals, macroeconomics, market positioning and psychology, and proprietary risk managements techniques to base our trades and weigh our books.
Our opinion is that it's best to use technical indicators to confirm what you see and your analysis. Using them solely as an entry signal causes you to get late into the game due to their lagging nature.
Good luck!
AlphaInfinity
Member Since Feb 27, 2015
17 posts
Oct 29, 2015 at 06:56
MACD, RSI, Bollinger Bands, SMA, EMA, Fibonacci
PhamTranandAssociates@
forex_trader_251655
Member Since May 24, 2015
4 posts
Nov 26, 2015 at 12:55
I'm in love with STARC bands, checked against a Standard Deviation curve. I look for short-term overbought and oversold conditions. My decision on where to set entries and exits is based on a visual assessment of candlesticks and the speed with which they are moving.
Member Since May 14, 2015
3 posts
Nov 27, 2015 at 09:32
Dear All,
I am agree to all but I just wanted to know the following things from your side :
1. What is your success rate in Forex ?
2. On what, you can say that your indicators provide you right direction ?
3. Finally, just observe your past record of each and every signals and observe that on which indicator signals was given and read your data.
After that you can see the actual picture.
Thanks
I am agree to all but I just wanted to know the following things from your side :
1. What is your success rate in Forex ?
2. On what, you can say that your indicators provide you right direction ?
3. Finally, just observe your past record of each and every signals and observe that on which indicator signals was given and read your data.
After that you can see the actual picture.
Thanks
Member Since Sep 12, 2015
1933 posts
Nov 28, 2015 at 11:50
AnkitVerma posted:
Dear All,
I am agree to all but I just wanted to know the following things from your side :
1. What is your success rate in Forex ?
2. On what, you can say that your indicators provide you right direction ?
3. Finally, just observe your past record of each and every signals and observe that on which indicator signals was given and read your data.
After that you can see the actual picture.
Thanks
Hi,
My trading account is improving, up 25% over one month,well since 3/11/15
Indicators are only a small part of my trading,confirms what I suspect,that has taken a lot of experience and good training.
I download all my trading info from my trading provider,then do analysis in excel.
regards.
"They mistook leverage with genius".
Member Since May 14, 2015
3 posts
Nov 30, 2015 at 08:10
Hello Kieran,
Its good to hear that you made 25% over a month in this type of volatile market.
Please give me some idea that, how you do analysis in excel and how you do work on your trading info
Regards,
Its good to hear that you made 25% over a month in this type of volatile market.
Please give me some idea that, how you do analysis in excel and how you do work on your trading info
Regards,
Member Since Sep 12, 2015
1933 posts
Nov 30, 2015 at 22:31
AnkitVerma posted:
Hello Kieran,
Its good to hear that you made 25% over a month in this type of volatile market.
Please give me some idea that, how you do analysis in excel and how you do work on your trading info
Regards,
Hi Ankit,
Its not too difficult to trade the eur/usd at the moment,its going in one direction,any daily peaks im selling with 30 points max close out,doing some scalping on the buys with very tight stoploss.I only trade at the european open,for about an hour then at 11-11.30am,watching for any change in direction,then 13.30 is news releases,around european close is my next time of interest,sometimes I trade at 19.00 if the market has been quiet eariler.
I download all my trading information from my trading provider,times,dates,stoploss,leverage,bid-ask,position size,profit and loss,daily high-low,points range.I use all this information to see if my trading is improving,is my strategy working. what I need to improve on,whats the best time for me to trade with maximum points reward.If you understand excel you will know what to do with this data.There are lots of videos on youtube if your stuck.
be lucky
"They mistook leverage with genius".
