What is the most influential technical tool from the following list

[athlonmank8]

Simple poll. Personally channels are probably one of the most respected tools and would be my go to. I use them for breakouts, level reentry, and simple S/R.

If you want to put a 2nd tool in your response feel free.

Just kind of curious what you guys feel would be your #1 if someone were to put a gun to your head and told you to trade just 1.

 

[tiddlywinks]

Just kind of curious what you guys feel would be your #1 if someone were to put a gun to your head and told you to trade just 1.

#1... Volume!
#2... Channels.
Tie #2... Trendline. In my usage would be one side of a channel.

Hz, in my usage is about price, encompasses everything else on your list. Only useful with confluences of channel/trend lines. By itself, Hz (price) is not influential... price movement requires volume. It's chicken or egg thing... Volume (both increasing and decreasing) makes the price move! Increasing or decreasing adds detail and flavor to that price movement.

Happy Christmakwanzakah to all!

 

[tomorton]

I posted on another site that I believe I could make money using the last 3 daily candlesticks plus the 20EMA. So I guess you know where my vote here has been cast.

 

[athlonmank8]

Excellent responses!

 

[tommcginnis]

On a scale of 1 (lowest) to 10 (highest)

"2" Pivots -- accidents with no empirical value.
"9" Moving Averages -- there is almost nothing useful that does not contain a moving average
"7" Channels -- applied "Reversion-To-Mean" -- nice while it works...
"2" Trendlines -- I would rely upon Moving Averages, but I've lately seen Trendlines described *without* having been derived from Moving Averages I would not want to be seen as part of that [sad] camp.
"2" Fibs -- sad. Just sad.
"2" "Retests (of everything!) -- Never heard of this.
"0" "Horizontal levels" -- no idea what this might be.
"5" Patterns -- flags and such -- take Japanese Candlesticks and expect them to do magic.
"9" Candlesticks -- SOLID.

 

[murray t turtle]

%%
I could have checked moving averages;
but closing price is so much better- that's why i seldom do polls.LOL……………………………………………………………………………………………………...

 

[athlonmank8]

%%
I could have checked moving averages;
but closing price is so much better- that's why i seldom do polls.LOL……………………………………………………………………………………………………...

Closing price is probably the best signal

 

[dozu888]

a pile of garbage.

 

[smallfil]

It should be a combination but, there is something more important. Combining all the important elements into a viable trading system.

 

[Handle123]

I put Trendlines, closest to waiting for falling rock, i.e. retracement.