Best indicators ?????????????
- Thread starter Humpy
- Start date
LOL @ this thread for lasting almost 2 years. Really?..
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K o -Vic;
Really;
2 years can be helpful,200 dma 1 year's worth of candles is also helpful,really.
Quote from SteveNYC:
Does the I. Pack 1.2 come with instructions?
Yes, it does come with instructions and it is not about price based indicators, it is about order flow and the balance of trade. You can read about it here and download the manual here.
As the post above says - it is expensive and it is not for beginners.
I am a succesful trader for 3 years now (means, i make constant money, more & more), after learning for 4 years.
I trade mainly FX + high volume commodites, like oil + gold + US Stock Indices, the other commodities and stocks i only analyse. I make good money minimum every 2 days, at least every week. I keep growing and growing, because i am real hard worker and i am born to trade.
I am short term trader, and there is no need to go longer.
I could trade every product, its just about how much it needs to make money on a product and that depends on how much its traded.
--------------------------------------------------------------
INDICATORS
I could not trade one single trade without indicators. I need tools that help me to analyse the price. WHY ? Because trading is a very difficult business to learn AND because the other pros use the indicators too, to make their decisions.
The problem of newbies and indicators is, that newbies think there is one or two indicators which make all the decisions for them. Thats WRONG.
Indicators are just tools to measure energies.
How i posted before, there are just 3 areas that count as indicators.
1. Price Indicators for Support & Resistance Levels
= Lines on the Chart
2. Osszilators for cycles analysis
= for Entry + Exit
3. different time frames
= for clear timing
Thats all.
What specific indicators u use for that, dosnt matter.
It all is based on price.
--------------------------------------------------
So, what are the BEST INDICATORS.
The ones you worked out your strategies with, trust their signals, know their pro & contras.
----------------------------------------------
Most indicators are the same
1. Lines on the Chart, they just give you support + resisent levels.
(for example = Moving Averages, Bollinger Bands, Trend Lines, Channels)
2. Osszilators, they just give you the cycle energy.
(for example = CCI, Stochastiks, ATR, MACD, RSI, momentum)
-----------------------------------------------------------------------
Besides that, if you have decide to do esoteric trading, like W.D. Gann, and you have made a statistic to buy the Dow Jones Index always when there is a new full moon at the TitiCaca Lake or some other place, AND, it works, then do it. I wont its to difficult fo me, i like it simple.
PEACE
I trade mainly FX + high volume commodites, like oil + gold + US Stock Indices, the other commodities and stocks i only analyse. I make good money minimum every 2 days, at least every week. I keep growing and growing, because i am real hard worker and i am born to trade.
I am short term trader, and there is no need to go longer.
I could trade every product, its just about how much it needs to make money on a product and that depends on how much its traded.
--------------------------------------------------------------
INDICATORS
I could not trade one single trade without indicators. I need tools that help me to analyse the price. WHY ? Because trading is a very difficult business to learn AND because the other pros use the indicators too, to make their decisions.
The problem of newbies and indicators is, that newbies think there is one or two indicators which make all the decisions for them. Thats WRONG.
Indicators are just tools to measure energies.
How i posted before, there are just 3 areas that count as indicators.
1. Price Indicators for Support & Resistance Levels
= Lines on the Chart
2. Osszilators for cycles analysis
= for Entry + Exit
3. different time frames
= for clear timing
Thats all.
What specific indicators u use for that, dosnt matter.
It all is based on price.
--------------------------------------------------
So, what are the BEST INDICATORS.
The ones you worked out your strategies with, trust their signals, know their pro & contras.
----------------------------------------------
Most indicators are the same
1. Lines on the Chart, they just give you support + resisent levels.
(for example = Moving Averages, Bollinger Bands, Trend Lines, Channels)
2. Osszilators, they just give you the cycle energy.
(for example = CCI, Stochastiks, ATR, MACD, RSI, momentum)
-----------------------------------------------------------------------
Besides that, if you have decide to do esoteric trading, like W.D. Gann, and you have made a statistic to buy the Dow Jones Index always when there is a new full moon at the TitiCaca Lake or some other place, AND, it works, then do it. I wont its to difficult fo me, i like it simple.
PEACE
I am a succesful trader for 3 years now (means, i make constant money, more & more), after learning for 4 years.
I trade mainly FX + high volume commodites, like oil + gold + US Stock Indices, the other commodities and stocks i only analyse. I make good money minimum every 2 days, at least every week. I keep growing and growing, because i am real hard worker and i am born to trade.
I am short term trader, and there is no need to go longer.
I could trade every product, its just about how much TIME it needs to make money on a product and that depends on how much its traded. For me the quicker money is the better. I dont live forever.
--------------------------------------------------------------
INDICATORS
I could not trade one single trade without indicators. I need tools that help me to analyse the price. WHY ? Because trading is a very difficult business to learn AND because the other pros use the indicators too, to make their decisions.
The problem of newbies and indicators is, that newbies think there is one or two indicators which make all the decisions for them. Thats WRONG.
Indicators are just tools to measure energies.
How i posted before, there are just 3 areas that count as indicators.
1. Price Indicators for Support & Resistance Levels
= Lines on the Chart
2. Osszilators for cycles analysis
= for Entry + Exit
3. different time frames
= for clear timing
+ Volume for Stocks + commodites. (not with CFDs)
(FX you dont get real Volume with a retail broker, only with a bigbank and access to the real market)
But if you trade high volume markets you dont need a volume indicator, you also see it by price action if there is enough volume.
You also could use LEVEL 2 access, especially for day trades.
but you dont need that. doesnt matter if you do trades that need 1 day or 1 week or 1 month or longer. Just trade there where is action.
Thats all.
What specific indicators u use for that, dosnt matter.
It all is based on price.
--------------------------------------------------
So, what are the BEST INDICATORS.
The ones you worked out your strategies with, trust their signals, know their pro & contras. Study study study, price and indicators - correlations.
----------------------------------------------
Most indicators are the same
1. Lines on the Chart, they just give you support + resisent levels.
(for example = Moving Averages, Bollinger Bands, Trend Lines, Channels)
2. Osszilators, they just give you the cycle energy.
(for example = CCI, Stochastiks, ATR, MACD, RSI, momentum)
-----------------------------------------------------------------------
Besides that, if you have decide to do esoteric trading, like W.D. Gann, and you have made a statistic to buy the Dow Jones Index always when there is a new full moon at the TitiCaca Lake or some other place, AND, it works, then do it. I wont its to difficult for me, i like it simple.
PEACE
I trade mainly FX + high volume commodites, like oil + gold + US Stock Indices, the other commodities and stocks i only analyse. I make good money minimum every 2 days, at least every week. I keep growing and growing, because i am real hard worker and i am born to trade.
I am short term trader, and there is no need to go longer.
I could trade every product, its just about how much TIME it needs to make money on a product and that depends on how much its traded. For me the quicker money is the better. I dont live forever.
--------------------------------------------------------------
INDICATORS
I could not trade one single trade without indicators. I need tools that help me to analyse the price. WHY ? Because trading is a very difficult business to learn AND because the other pros use the indicators too, to make their decisions.
The problem of newbies and indicators is, that newbies think there is one or two indicators which make all the decisions for them. Thats WRONG.
Indicators are just tools to measure energies.
How i posted before, there are just 3 areas that count as indicators.
1. Price Indicators for Support & Resistance Levels
= Lines on the Chart
2. Osszilators for cycles analysis
= for Entry + Exit
3. different time frames
= for clear timing
+ Volume for Stocks + commodites. (not with CFDs)
(FX you dont get real Volume with a retail broker, only with a bigbank and access to the real market)
But if you trade high volume markets you dont need a volume indicator, you also see it by price action if there is enough volume.
You also could use LEVEL 2 access, especially for day trades.
but you dont need that. doesnt matter if you do trades that need 1 day or 1 week or 1 month or longer. Just trade there where is action.
Thats all.
What specific indicators u use for that, dosnt matter.
It all is based on price.
--------------------------------------------------
So, what are the BEST INDICATORS.
The ones you worked out your strategies with, trust their signals, know their pro & contras. Study study study, price and indicators - correlations.
----------------------------------------------
Most indicators are the same
1. Lines on the Chart, they just give you support + resisent levels.
(for example = Moving Averages, Bollinger Bands, Trend Lines, Channels)
2. Osszilators, they just give you the cycle energy.
(for example = CCI, Stochastiks, ATR, MACD, RSI, momentum)
-----------------------------------------------------------------------
Besides that, if you have decide to do esoteric trading, like W.D. Gann, and you have made a statistic to buy the Dow Jones Index always when there is a new full moon at the TitiCaca Lake or some other place, AND, it works, then do it. I wont its to difficult for me, i like it simple.
PEACE