Indicators/other ideas that help predict levels.

S

semperfrosty

Hi guys,

Hopefully the subject line makes sense.

I'm looking for tools or ideas to confirm whether levels will hold.

The levels I look at are either turning points or what I call 'accelerators'.

I was wondering,for anyone who successfully uses RSI,Stoch or MACD for example,how I could/should read these to add to my determination about said levels?

Other clues outside of traditional indicators welcome.

Cheers,
 
That question has been asked a million times.

This item looks more useful for prediction.

images


You can get it from Amazon.
Alternatively, design your trade plan based on the fact that the market cannot be predicted.

Don't attempt to look for the magical indicator.
 
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What do you mean by holding ?

They could hold 1/3 of the time
Meaning price does not penetrate more than 1ATR
And still provide decent Reward to Risk to be profitable

Maybe a kind of price action near the level could give some clues about its probability of working out.

Even if it’s advised to pick your levels …

I don’t bother about determining levels …
I let the tape find them and run its course.

Rascke (Linda) would advise about focusing on levels everyone can see (Daily OHLC).

VWAP is often used.
Swing highs and lows …

The only indicator I would use around them is the price itself. The speed and conviction of the price.
 
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Sekiyo said:
What do you mean by holding ?

They could hold 1/3 of the time
Meaning price does not penetrate more than 1ATR
And still provide decent Reward to Risk to be profitable

Maybe a kind of price action near the level could give some clues about its probability of working out.

Even if it’s advised to pick your levels …

I don’t bother about determining levels …
I let the tape find them and run its course.

Rascke (Linda) would advise about focusing on levels everyone can see (Daily OHLC).

VWAP is often used.
Swing highs and lows …

The only indicator I would use around them is the price itself. The speed and conviction of the price.
More...

Thanks.

So a fast moving price into a level may be a clue?
 
maxinger said:

You can GOOGLE for Magical Indicators.
There are people who disclose such information.
More...

Not really an indicator guy but I thought one may be useful in this scenario if someone vouched for it.

At the ned of the day,I trade the level and recognise that I am playing probabilities.Ready to hold when right and discard when wrong.
 
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