Let me be the first to say: moving averages. You got your SMAs, WMAs, EMAs, AMAs and VWMAs. Hey, that's five!
MACD, stochs, bollinger bands, etc... I asked the same question when i was new to trading too The "best" indicator is the one you understand the most.
================= Sunrise99-50; price, price action 50 day moving average, 50 period moving average 200 dma,, 200 period moving average................................................... macd; dont like those myself, but do like the moving averages......... ................................................................................................ One elite trader said my macd is showing slowing momentum; what gives???? Another elitetrader said its probably your macd giving a false reading,LOL
The one probably least understood but most effective is your stop loss line. Forget the rest, or should I say, donât place too much importance on them.
1. The characteristics of present price movement. 2. The characteristics of the price through out the day. 3. The characteristics of the price through out the week. 4. " Month. 5. " Year. It's a game of probabilities, efficiency and nothing more. Of course these aren't the most frequently used...