What Indicators do you use?

Trading Discussion
1

I have looked at many different indicators, right now I am using john carter squeeze, wave with 9 and 30 Sma. I have had good results when I am patient.

What others using and what type of success or failure?

2

Hello MJon, and welcome.

I use Real Volume, and the odd moving average… Also, the ATR… That’s it…

3

Thanks for responding. Ill check out real volume. What is odd moving average?

4

It is just an Engliah expression… for.example: ‘I read the odd book’.means ‘I.read some books’… So, I use some.moving averages :slight_smile:

5

when we use both RSI and Stochastic,it gives kinda handy confirmations abouts the trend…i just said… still studying! :1:

6

I don’t use any indicators except moving averages. Moving averages are some thing that I need to check the direction and strength of currency trend I’m trading on.

7

While not really an indicator the best thing you can use are plain old horizontal lines drawn on your charts indicating key levels - probably best to use the daily or 4H charts for these.

As for actual indicators I never found many of them that much use. For E/U in the 1H chart I have the 100SMA and 200SMA as when the market is in a making up it’s mind mode they can sometimes be used to lean against. Like PipMeHappy I also use ATR to give me a gauge of how far price might run.

If I were you I wouldn’t spend much time checking out lots of different indicators trying to work out some secret sauce. Learn how to trade the price action around various key levels (monthly high / low, previous day high / low, areas which attracted significant attention before, etc.) and combine this with a general understanding of the pair you’re looking to trade. This will give you a much more robust trading skill that can be consistently applied across nearly all currency pairs.

There’s lots of good info about this in these old threads:

http://forums.babypips.com/free-forex-trading-systems/6632-alternative-technical-templates.html

http://forums.babypips.com/free-forex-trading-systems/19076-technical-templates-2-a.html

8

Thanks. that’s great info!

9

awesome! thanks. E/U is European union, correct? So do what pairs with E/U?

10

I like bollinger or macd to identify trend, but placing plain Support and Resistance lines and fib I find the best to base my entry.

11

E/U = EUR/USD. That’s the pair I trade most often but I monitor about 12 pairs in total for setups as the same strategy outlined in those 2 threads above can be applied to most currency pairs.

12

Indicator ADX has worked very well for me recently though I have been working with others. That very one has really yielded good result.

My recent success with this indicator is enormous for a beginner, just saw my trade;
Sell trade on EURUSD
Entry price 1.0995
Close price 1.0744
Lotsize 3
Indicator: Indicator of ADX
Profit so far $75 and counting.

This indicator usually serves for determination of a phase of the market (a trend or a flat). You can read more on it.