Registered: Aug 2007
09-06-12 10:40 PM
Quote from Peter brandley:
I need everyone's suggestion on what are the best and more understandable indicator to use for trading? and please provide it with an explicit explanation.
Good luck with ur trade
There is no ONE good indicator, and that is why so many lose at this game. But experience, backtesting EVERYTHING, one finds that excellent trading is constantly seeing relationships between Price, Action, Speed, Time, Indicators, S/R, Distance, Volume, Emotions, Reasons, and my favorite "Where to Screw the little guy the Worst".
I have found by watching one indicator for years, you develop a sense of what it should do in relationship with Price and when it doesn't, NOW you are on to something. But too often people jump around and they never get good at one thing, by time you find one thing, they are out of money.
Chart enclosed, normally EMA's track price pretty good, but have you ever noticed when it does something abnormal? Abnormalities make higher profitable percentage trades, cause no one is looking for them.
But the chart pattern/indicator to get you in, seldom ever is good enough to get you out, and the money is in the getting out. Having one signal to get in and have 40 reasons to manage the trade.
nq 09-12 (5 min) 9_5_2012-example.jpg
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