Anybody know any good indicators?

[samewise]

@steve369

One of my chief main indicators is Parabolic SAR set up at (0.09 0.50) on charts. These little balls assist in showing the previous highs and lows of price movement And if you are trend trading it it is essential in determining where the movement is likely to fade out. It’s an easy T/P.

i got to get back to using these.

[samewise]

@steve369

Once I have found a new trend movement on the weekly chart - plus the same 4hr movement - I use PSAR balls to show me where the previous trend reached a high or low price movement. This enables me to place both my T/F & S/L on the assumption that the new wave has a reasonable chance of reaching the same journey.

So are you waiting for weekly closes before making a move down to the lower time frames (so 4hr)? Couldn’t there be short term trends forming in the mean time?

[steve369]

Each morning I review the Weekly chart candles. If it is in a trend with the closing price noted, I move down to that morning’s 4hr chart to see if it is still following the trend. If so, I could expect the trend to continue that day. At least I get a positive probability of a winning $50 trade.

[PrestonRiver]

I suggest you do not use any indicators for trading, the price action, the rice line movements are the only reliable things. Follow my advice or regret it, and you will!

[ProfesorPips]

I suggest you @PrestonRiver don’t do that kind of statement. Price action is one of many methods in trading

[PrestonRiver]

different people can have different ideas. and I guess I am good to express my idea!!! yes, you can follow Gann theory and trade based on where stars are for example, but I wouldnt accept this can be profitable!

[ProfesorPips]

That’s right, if price action work for you it doesn’t mean it will work for others because we are different. Each trader needs to find own profitable method.

[samewise]

I’ve heard a saying you can give a winning strategy from trader A to trader B, with the same rules and the outcome will be completely different. Different strokes for different folks. Something like that.

[samewise]

@steve369

At least I get a positive probability

It’s all about increasing the probability I’ve learned.

[merryhenson]

@Trendswithbenefits

29 Posts in this thread and not a chart or example to be seen…

The SSL technical indicator , or Semaphore Signal Level Channel Chart Alert, combines moving averages, channel and an alert to provide you with a clear visual signal of price …

(Nikkei 225 Index 1 Hour Chart SSL Setting 9 - Triangular MA)

Free MQL5 SSL Channel Chart - indicator for MetaTrader 4

Free MQL5 SSL Channel Chart - indicator for MetaTrader 5

Following minor trends on the 1 Hour doesn’t get much easier for beginner’s than this… Enjoy…

Could you explain how the triangular moving average differs from other moving averages? Also, any tips on how to best interpret these signals on the 1-hour chart?