Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Obsidian

Your Favorite Indicator

Recommended Posts

What is your favorite indicator?

 

In many cases I use ichimoku (I only use clouds), instead of MAs because it gives me more clear picture about the support/resistance zones

cloud-ma.thumb.jpg.ea1572131d6953bf50f7945b8680bfe0.jpg

Share this post


Link to post
Share on other sites

My favorite "tool" is Volume Profile with Cumulative Volume based.nodes.

 

Price based indicators only can tell you where you've been other than divergence whose "predictive" value is random at best.

 

Trading is not red light, green light which many look to achieve with indicators but only shades of gray off to the right side of the screen.. IMHO.. :2c:

Share this post


Link to post
Share on other sites
My favorite indicator is the profit or loss in my account. On a shorter term basis, the red or green of a trade.

 

The profit or loss on my account is the most important indicator, but it's not always my favourite!

Share this post


Link to post
Share on other sites
What is your favorite indicator?

 

In many cases I use ichimoku (I only use clouds), instead of MAs because it gives me more clear picture about the support/resistance zones

 

International economic calendar or international calendar of key events that have impact on the markets.

 

2012 Economic Calendar

 

Forex Calendar @ Forex Factory

 

http://www.federalreserve.gov/calendar.htm

 

ECB: European Central Bank home page

 

When something is occurring in the markets, there's usually a key market event involved.

Share this post


Link to post
Share on other sites

I occasionally will glance at the RSI/MACD...not because I think they're useful...but because other traders think they are...otherwise, I don't use indicators....unless you want to consider the Fed or the ECB's QE'ing/LTRO'ing (see attachment) as an indicator....if so, then yeah, I use indicators...LOL

Capture.PNG.a16728ef3df8fab4414bdbfea90a9ed4.PNG

Share this post


Link to post
Share on other sites
Maybe this fact is a hint to something... ;)

 

indicators is very good tools, it's just that most new traders are using them wrong,

they are meant to be used as confirmation, not to take entry signals from,

in that sence I think indicators are priceless:)

price action first, indicators second

Share this post


Link to post
Share on other sites
indicators is very good tools, it's just that most new traders are using them wrong,

they are meant to be used as confirmation, not to take entry signals from,

in that sence I think indicators are priceless:)

price action first, indicators second

 

I actually disagree with this. My favorites are a combination of Bollinger bands and Moving averages(3 main ones). I most definitely have entrance and exit signals from them.

 

That said, I do also use them for confirmations as well. It really depends on the set up I am using at the moment. A break out of a 1,2,3 for example, would be a confirmation. A Spear Point, on the other hand, is the signal.

Share this post


Link to post
Share on other sites
only 7-8 people on the whole forum using indicators?

come on, we don't bite :confused:

 

 

I use indicators 50% of the time. The other 50% of the time I use trend lines.

Indicators I have used in the past include:

Full Stochastic 30, 10,10.

MACD Only to look for divergence.

 

Indicators I use now are Pivot Points, Ichimoku Cloud ( just started with this one ), and a custom indicator that measures deviation.

 

I currently have 5 monitors. 2, five min charts on each of 2 monitors. 1 MT4 platform on 1 monitor for deviation, and 1 MT4 platform on 1 monitor for everything else.

The 5th and last monitor is for Traderslaboratory . . . . . and the rest of the internet. ;)

 

 

 

PS. Anyone interested in talking about Trend Lines???

Start a thread, or let me know and I'll start a thread.

Share this post


Link to post
Share on other sites
come on, we don't bite :confused:

 

 

Speak for yourself :cool:

 

 

Some indicators I don't use...

 

Elliot Wave. Not because I think they don't work, some people swear by them. It's just that by the time I recognize a wave, the move is over.

 

Chart patterns like "Head and Shoulders". Again, very popular but I just don't see it.

Share this post


Link to post
Share on other sites
...PS. Anyone interested in talking about Trend Lines???

Start a thread, or let me know and I'll start a thread.

 

would be nice if you could :)

 

Chart patterns like "Head and Shoulders". Again, very popular but I just don't see it.
in deed...been a long time, maybe not looking at the right direction :roll eyes:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.