Yep, I use several MA's and a double sto to filter signals but they do not serve as signals, simply as support for price action. I find this easier than pure price action...to each one's own. The only arbiter is that one's methodology works or it doesn't. A derivative of price is simply that. For some of us, derivatives can help define momentum dynamics across time frames and fine tune geography for safer entry areas.
What are the indicators that need special attention?
- Thread starter Raidear
- Start date
Now, futures only. More NQ (Nasdaq futures) than anything else, but some CL (oil futures) too. Not ES (S&P futures).
I started off (very, very briefly) trading the European indices, mostly FTSE-100 and Dax, then quickly switched to spot forex for a few years, then from spot to forex futures, and then very quickly after that from forex futures to mostly NQ and CL, which are now happily my "home", and I wish I'd found it years earlier.
I would like to set a solid foundation by acquiring knowledge of the most useful indicators
Indicators are overrated, in my opinion...they are for braindead robot traders, or scalpers,
I know I kind of keep on saying it, but ....trading is part art, part science -- and this is ever more so true with the shorter the time frame, or day,
Try to understand or feel or sense...the greater picture...of emotions and facts and how they dance with one another,
I do this daily with the SPY/DOW chart -- and it's not that completely random, if you are open to it, -- you'd be kind of surprised how easy or predictable or manageable it is to capture the major moves,
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I am Raidear, I would like to set a solid foundation by acquiring knowledge of the most useful indicators for the quality of their signals and if I do not ask too much I would like to know how to combine them to optimize the signals. Aspect intrepid your answers
I suggest that you not zero in on one indicator but rather a few that trade as you would like (probably need to optimize their parameters rather than use the "standard" ones). The confluence of your set of indicators (together with charting tools) will be quite helpful. A word of caution, however, indicators can be broken down into categories (e.g., momentum, volatility, etc.) and you do not want to use multiple indicators from the same category.
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I am Raidear, I would like to set a solid foundation by acquiring knowledge of the most useful indicators for the quality of their signals and if I do not ask too much I would like to know how to combine them to optimize the signals. Aspect intrepid your answers
Trend line & Macd - a match made in Heaven
I am Raidear, I would like to set a solid foundation by acquiring knowledge of the most useful indicators for the quality of their signals and if I do not ask too much I would like to know how to combine them to optimize the signals. Aspect intrepid your answers
Indicators can be broken down into categories such as volatility and momentum. Each category has several indicators. You want to be sure that you do not use indicators in the same category that are actually telling the same story. Beyond that, in my view, you will have to work with the indicators, including their parameters, in order to find one or more that provides good results and trades as you like.
Indeed. I have been forced to believe so. Where do I find an article on how these articles are combined? or more match in heaven indicators. Thanks