What is the most influential technical tool from the following list

[Bum]

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.

"there is almost nothing useful that does not contain a moving average"


"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."


"Retests (of everything!) -- Never heard of this."


""Horizontal levels" -- no idea what this might be."

 

[SunTrader]

Here's one of my entry edges. **This works better when daily and Weekly candles are setting new highs.** Long GBP/USD off of 1.3000. Trendline confluece with moving averages and the previous high break increases the probability. On the intraday the 4hr 20 periods are above price so this trade isnt a done deal yet(this is important).

I did not include the channels but it's funny, the top 3 things in this poll are the top 3 things that work great when combined properly. The quants are using math very similar to this.

This most important thing after the entry is trade management and cutting losses. Since 40 pct of my trades are losers I cut losses accordingly.

Price is underneath all the averages and they are all pointing down. How does they have any bearing to go long?

 

[Bum]

Here's one of my entry edges.

This most important thing after the entry is trade management and cutting losses. Since 40 pct of my trades are losers I cut losses accordingly.

 

[Peter8519]

Here's one of my entry edges. **This works better when daily and Weekly candles are setting new highs.** Long GBP/USD off of 1.3000. Trendline confluece with moving averages and the previous high break increases the probability. On the intraday the 4hr 20 periods are above price so this trade isnt a done deal yet(this is important).

I did not include the channels but it's funny, the top 3 things in this poll are the top 3 things that work great when combined properly. The quants are using math very similar to this.

This most important thing after the entry is trade management and cutting losses. Since 40 pct of my trades are losers I cut losses accordingly.

Indicators do not work all the time. Knowing what to do what they don't work is the key.

 

[vanzandt]

a pile of garbage.

 

[Spectre2007]

price action, the speed at which a tick interval fills to generate the bar. Next intervals, and in relation to all the other fills, = emotion of the underlying participants. Its a huge tell and any derivative can be traded off that, if volatility is low much harder to decipher emotion in the price action.

 

[maxinger]

difficult to answer your question.

Trading is more than just drawing
fibo, levels, pivot lines, channels, trend lines,

Trading is more than just recoginsing patterns, chart formation, candlestick arrangements.

Trading involve mainly on having macro views,
deciding which sessions / time frame to trade,
what instruments to trade.

Then exactly where/when is the ENTRY POINT based on trend lines, patterns or whatever

 

[gaussian]

if someone were to put a gun to your head and told you to trade just 1.

I would tell them they have the wrong guy and I only trade things that work. If they shoot me, I guess they spared me from tea leaf reading.

 

[pipeguy]

Every pattern and indicator is important if you know how to build hypotheses, test them and get statistically singnificant confirmation/disproof that the pattern/indicator works. Blind application is dangerous, lead to losses and unproductive since you gain 0 knowledge.

 

[murray t turtle]

TA followers are like the protestants. Like there are sooooooooo many different denominations in the protestant movement, TA abounds with never-ending interpretation. There's no end in sight. So I say, to each their own. Peace.

%%
Exactly. I'm NOT really sure what a ''horizontal level ''is ??.LOL Sounds like another name/nickname for a grid, or 50% of a grid LOL ,