Which is your favourite indicator and why ?

Discussion in 'Technical Analysis' started by Humpy, Aug 21, 2016.

  1. eganon69

    eganon69

    Agreed. It was one of the few books that help me advance to the next step of the many steps in a trading system. I know many disagree but I think Alexander Elder and Van Tharpe both shortened my learning curve tremendously.
     
    #11     Aug 21, 2016
    Xela likes this.
  2. lovethetrade

    lovethetrade Guest

    OHLC and volume bars are my favourite indicators because it's real-time.
     
    #12     Aug 21, 2016
  3. Handle123

    Handle123

    I found Alexander Elder books a fun read but I would not trade that way and I used Tharpe's "binder" to keep my door pryed up for years as it had a lean to it and cat couldn't get in, when I decide to get door fixed, I literally burned the manually in fireplace. I have zero good thoughts of books dealing with how to think as it doesn't get to my subconscious, I use hypnosis, I have burned several books through the years, can't see in giving anything away when I don't agree with them.

    I prefer lagging indicators, false moves are much less for me. Different timeframes I use different indicators, Monthly-no indicators/weekly/daily MACD for longer term, intraday Bollingers, SMA's, far less than when I first bought home PC, but I spent 8 years before this doing hand charting so read charts well, I already knew how to do. I allow indicators to indicate, but I use price itself or volume to show me when you either disallow or take a signal and management of the trade. All my signals are given green/red lite if price has agreement with total picture. I have found time to be my "edge" or best indicator, do enough back tests based on time, I discovered best trades don't linger where I got in, they take off and never look back. If too much time given, most would become losers.
     
    #13     Aug 21, 2016
    birdman likes this.
  4. I use indicators but only to notice when a textbook signal is failing, as this leads to stops and market exits, which is easy to profit from. Anything else with them is amateur trading.
     
    #14     Aug 21, 2016
  5. I usr rsi and cci but not in a way most people use them. And definitley not how they are described to be used.
     
    #15     Aug 21, 2016
  6. I don't really use indicators, per se -- but rather a host of other variables and intuition, o_O:)
    This answer can vary greatly depending on the person, what they trade, and etc etc details.
     
    #16     Aug 21, 2016
  7. kmiklas

    kmiklas

    Price: the only place in this massive heap a market where one is guaranteed to consistently find truth.
     
    #17     Aug 21, 2016
  8. RRY16

    RRY16

    How do you know this if you've only been trading a couple of months?
     
    #18     Aug 21, 2016
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  9. Inside information, the real leading market indicator :D
     
    #19     Aug 21, 2016
  10. Buy or Sell entry from Surf or B1S2
     
    #20     Aug 21, 2016
    RRY16 likes this.