Hi, i’m currently using 26,50,200 EMAs and stochastic for my charts.
i’m just curious what everyone else is using??
and if u can tell reasons why those are good… that would be awesome info for me!
Hi, i’m currently using 26,50,200 EMAs and stochastic for my charts.
i’m just curious what everyone else is using??
and if u can tell reasons why those are good… that would be awesome info for me!
Hi.
There isn’t much point anyone telling you what they use and why as we all have different trading strategies. You are only likely to get a bunch of conflicting replies, many from new traders like yourself, that will only complicate your thinking.
Far better for you to return to the school and finish your studies, reading the forum as you do so.
Good luck
For doing technical analysis of market, we need to work with trading indicator! Nice to know your indicator list, personally I also work with moving average trading indicator! Basically, this default indicator shows dynamic support and resistant levels very accurately; this is the only one trading indicator that I use into my live chart! Basically, I do news trading!
We don’t “need” to at all, Jonathan: that’s just one option.
All of my trading is based on technical analysis parameters, but I don’t use indicators.
I’m among the many people trading for a living whose trading became steadily profitable only when I [I]stopped[/I] using them.
Indicators are based on technical analysis, but there are also plenty of other aspects of technical analysis which are unrelated to indicators.
.
Indicators are marvelous tools which can tell you exactly which trades
you should have taken 4 hours ago, or yesterday, or last week.
.
Fisrt time as newbie I am also trying some kinds indicator, but in fact result that obtained also often fail, then I am trade with naked chart analysis because I am reading from certain good opinion if indicator only help tool and with using candlestick itself actually also we already get useful information to analyze the trend market
Whether one uses so-called “price action” or so-called “indicators”, they are all based on the same principle of comparing where we are now with where we have been. They are just different ways of doing this. From a technical analysis perspective, if the only information we are given concerning commodity X is that its current price is 1.2345 then no form of analysis can tell you where it will go next. So I really don’t understand this attitude of price action is “current” and indicators are “history”.
The real issue, whatever form of analysis one uses, is whether the trader really understands what their analysis is actually based on, how it is calculated, and what it truly represents - whether it is a line, level, pattern, or formula. Unless one can be bothered to [I]really [/I]look beyond the lines, patterns and formulas at what they are actually representing then one is unable to truly distinguish between a real signal and a fake. And until one can do that consistently no kind of analysis is going to produce consistent profits.
The real engine driving success is your own brain, not your lines and patterns or whatever you use. Use your head to read your charts and not your charts to rule your head.
What happened to the previous post 7?
He had posted in about a dozen threads, now they seem to have gone. Didn’t see anything wrong with them, anyone know what happened
Yes - he was a link-spammer.
He hadn’t done them in black, so they weren’t visible (other than to Google spiders etc.), but his posts were full of concealed “Doubleclick” links, and so on (they showed up if you clicked on “reply with quote” or “view posts by” from his profile. ).
There were [U]many[/U] dozens of them, but the moderators cleaned them out [I][U]really[/U][/I] quickly, when I reported a small selection. He’s banned now.
Good spot Lexys, and quick moving by the mods again
Really!!! How do people even dream up these things! Sometimes (in fact, quite often!) I think I have led a very sheltered life! Thankfully there are street-wise people like Lexys around looking after all our interests Thankyou Lexys!