What is your BEST preforming indicator
- Thread starter picksee02
- Start date
Here's how that works:
Find an indicator you think might be helpful,
load it, then watch it for a couple of years.
Try trading with it and then without it. -Take notes.
Don't forget to WATCH THOSE SCREENS!
Next, pick another indicator that seems promising.
Load it, then watch IT for a couple more years.
Take notes, watch those screens, etc.
- And again.
Then come back in 5 - 10 years and tell US.
Find an indicator you think might be helpful,
load it, then watch it for a couple of years.
Try trading with it and then without it. -Take notes.
Don't forget to WATCH THOSE SCREENS!
Next, pick another indicator that seems promising.
Load it, then watch IT for a couple more years.
Take notes, watch those screens, etc.
- And again.
Then come back in 5 - 10 years and tell US.
I have a fee based indicator that works very well. Among many other things, it tracks divergence on the Vix and the ADSPD while at the same time checking for trend confluence between the MACD on the ES, ADSPD and VIX and determining whether any gaps exist on the ES.
Here are a couple screen shots.
Dynamite accuracy.
Here are a couple screen shots.
Dynamite accuracy.
The only indicator I use is RSI and casually. If I did not have it, I would not miss it much. Perhaps Im wasting my time with it, who knows.
Fibonacci is quite useful to me, that one I would miss.
Trend, support and resistance is key.
Read many books on volume, never managed to use it to my advantage so I killed it from my charts.
I think technical analysis is a true edge, those that badmouth it just don't understand it.
The biggest impediment in trading is psychology, particularly when you want to increase size.
Nexen
Fibonacci is quite useful to me, that one I would miss.
Trend, support and resistance is key.
Read many books on volume, never managed to use it to my advantage so I killed it from my charts.
I think technical analysis is a true edge, those that badmouth it just don't understand it.
The biggest impediment in trading is psychology, particularly when you want to increase size.
Nexen
All indicators are lagging except support/resistance and trendlines.
Draw horizontal trendlines at major turning points. Draw trendlines to connect higher lows and lower highs. Then wait for price to approach these lines. Then trade what you see happens.
Draw horizontal trendlines at major turning points. Draw trendlines to connect higher lows and lower highs. Then wait for price to approach these lines. Then trade what you see happens.
With emphasis on ALL hence they cannot be particularly predictive. At least not by any definition of predictive I'm familiar with.
Me, I'm a simple price action, S/R, PnL kinda a guy.
I like to buy a test of a former R after a breakout and sell a test of a former S after a breakdown. If my trade is in the black/green then, for now at least, I'm on the right side. If it's much in the red for any length of time (relatively speaking) I'm most likely on the wrong side. If price rapidly starts moving in my favor then I begin trailing a stop. Often I'll take profit at a simple measured move target.
KISS is wonderful concept.