Is there anything like a best trading strategy?

collinggwoodabram said:
I know momentum traders who swear by the technical analysis and indicators. Wonder whether it’s actually wise to blindly follow these.
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In case the indicator line crosses the zero line from below, it shows that the price is gaining momentum. If there’s a drop below the zero line, the price is gaining downward momentum. Long story short- technical analysis and indicators do help.
 
Nealeliff said:
I have invested in SP500 and bitcoin, but I don’t intend to actively trade them. More like a long term investment.
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One strategy you can follow to find the SR levels is to mark the level in the past trade where the price had difficulty breaking through. This could be an indicator of how it’ll bounce-off in future.
 
MarkDawn said:
One strategy you can follow to find the SR levels is to mark the level in the past trade where the price had difficulty breaking through. This could be an indicator of how it’ll bounce-off in future.
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This is a freaking manually intensive method. Who’s having the time to draw on all the currency pairs traded in the past?
 
currencylover said:
I feel it’s always better to believe in the in-depth analysis made on your own. There is no use of blindly following the momentum traders.
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Agreed. There are traders who believe using the overbought/sold readings without knowing that when the trend gets going, you can get stuck in the conditions.
 
Is there an end to the drop turn of the Nasdaq stocks? In the past 14 yr., Nasdaq gain is much more than S&P 500 or the Dow. But the recent slide is quite serious. They said it's because of bond yield going up, but bond yield was at almost 4% at the begining of 2019, and yet, Nasdaq is up.

I can short, I have no problem with that. But is it wise to short when US GDP is kissing at 6% this yr.?
 
I’ve read that many traders propagate MA on charts. From what I know, they can at times simply shoot off in a clear direction, while at other times, they’ll ramble along without giving a clear indication of which way the market is moving.
 
Nicolemaz said:
I’ve read that many traders propagate MA on charts. From what I know, they can at times simply shoot off in a clear direction, while at other times, they’ll ramble along without giving a clear indication of which way the market is moving.
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MACD my friend is the answer. I’ve been playing around with this tool on pepperstone and fxview’s charts and find it better than MA. What better way to trade when you know the rate at which the moving average is changing.
 
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