Indicators are reliable but
Jun 15, 2021 at 06:08
lizgo posted:
There are so many indicators and sometimes they contradict each other... so which one should I use?
For example, support and resistance... we can draw many lines but which ones to choose?
Hey, u should not cut candles and the line must touch the wicks of maximum candles
Member Since Jul 20, 2020
385 posts
Jun 19, 2021 at 10:16
OrlandoGT posted:lizgo posted:
There are so many indicators and sometimes they contradict each other... so which one should I use?
For example, support and resistance... we can draw many lines but which ones to choose?
Hey, u should not cut candles and the line must touch the wicks of maximum candles
Wicks are unreliable as they contain broker spreads. Most will be different on different brokers. Bodies never change
Member Since Jun 15, 2021
13 posts
Jun 19, 2021 at 10:25
Oh really, is this so , where have u read this can you please share the source?
Jun 19, 2021 at 18:12
If you're going to use indicators you will need to test them out. There are thousands of indicators, and you will have to spend hours doing your research. It can take 10 years before you are profitable. Don't quit your day job. I use indicators but not for signals. I don't use support and resistance unless I'm trading a pullback, which I rarely do. Good luck.
forex_trader_2237169
Member Since Mar 14, 2021
34 posts
Jun 20, 2021 at 03:29
You better learn how to trend follow and trade, it's much better than indicators.
Don't get me wrong, indicators are good if you know how to identify trending markets, then use indixator to support if you wishes, this is how i make my profits.
Don't get me wrong, indicators are good if you know how to identify trending markets, then use indixator to support if you wishes, this is how i make my profits.
forex_trader_2237169
Member Since Mar 14, 2021
34 posts
Jun 20, 2021 at 12:05
Akasuki posted:
To find the right indicator, it needs a lot of trail and experiments. An indicator working for me does not mean it will work for you. You have to find it out in a hard way.
If you ever get confused on the right indicator, the stick to support and resistance and pivot, make sure to master it and you are good too for profits.
Member Since Dec 11, 2020
17 posts
Jun 23, 2021 at 12:48
But they are not a sure shot signal. It's best to use your own logic for cross check before going forward with indicator signals for forex decisions.
Member Since Feb 15, 2021
10 posts
Jun 24, 2021 at 03:50
They work based on algorithms and patterns. So it's a yes that they are not affected by human emotions. On the other hand, they can’t look out for market fluctuations. Always combine your predictions with indicators to correlate the market trends.
Member Since Feb 20, 2021
51 posts
Jun 29, 2021 at 08:08
Indicators, bots, tools and everything that helps traders for market predictions and making profits will work effectively only when the trader knows how to use them efficiently. There are many indicator systems available and the trader should know which one he is looking for in his trading method.
Member Since Jun 15, 2021
13 posts
Jun 30, 2021 at 09:16
Yeah, without knowing the significance of indicator you can't trade well.
Jun 30, 2021 at 16:44
SofieAndreasen posted:AliaDare posted:
The signal of the indicator is reliable but very slow. This is why trading signals are available after losing a lot of moves.
Don’t solo rely on indicators. Try to read practice action also.
I use some indicators. Which gives me a lot of good returns. For example, MCDI, Moving Average, vwap, etc. help me a lot.
Member Since Jul 01, 2021
7 posts
Jul 01, 2021 at 12:10
How do you use them to identify trades? I try using indicator but there were too many fake signals
Jul 02, 2021 at 07:24
sopranoberidze posted:
How do you use them to identify trades? I try using indicator but there were too many fake signals
less is always more,, use limited indicators depending upon the strategy.
The more your practice, the more you learn.
Member Since Jun 16, 2021
15 posts
Jul 05, 2021 at 07:27
There are thousands of indicators available online. Knowing which one to use itself requires a lot of knowledge and understanding. I have seen many people using a number of indicators running in their trading window. I would always prefer to go with one single indicator along with your own speculation skills. Indicators are finally just algorithms that work based upon the input parameters.
Jul 06, 2021 at 13:50
@lilliemorris Yes to find the right indicator is not an easy task. One needs to do a lot of trail and experiments to find the right indicator for him.
Member Since Jun 17, 2021
15 posts
Jul 07, 2021 at 04:41
Indicators are just an added source of information to help you understand various trends of the market and make a better investment decision. You cannot completely rely on them. Doing your own research is also important.
Aug 02, 2021 at 12:19
@marshallbuchanan Yes indicators are not everything. It is just the tool that helps u to understand about price charts. Decison making is the most important part.
