Which indicators you like and why

[Donald 5]

So I've been messing with the indicators and learning about them. Made me curious what does the majority use here and why?

Currently I'm using Bollinger Bands, Awesome Oscillator, Moving Average, Belkhayate Timing and Parabolic SAR.

From all these Belkhayate is my favourite so far, it almost only made me win trades. While Parabolic is almost like MA, I still can read it more clearly on how the market moves.

[Jason Solomon 5]

I use Fib tool+moving average combo and RSI most often. But have plenty more to experiment with :P

[Donald 5]

Surely. Any good reasons why you use these? How successful you were at trading with only these?

[Jason Solomon 5]

I use them because a lot of traders stick with them. It’s like a self full-filling prophecy. When a lot of people use a specific tool it will become true. They are great in normal conditions, but when something unpredictable happens at the market they are less reliable.

[Donald 5]

Well hey. Everyone has to start somewhere, I was just simply curious on what people use in general. Forums and the Beginner Forum specifically are here for a reason after all.

Meanwhile you could also tell us what is a good method to practice so we don't fail.

[debasish 0]

Hello Sir,Any kind of amiborker indicator or mt4 indicator convert softwear.please help to me

[Donald 5]

Thanks, I will take your offer into consideration.

[cote 0]

I like to use RSI indicator and it is very successful. Generally, i follow a few basic steps to enter to trade. The best thing of using RSI indicaor is simplicity. For example, i use the tactics which is in these RSI Guide article.

[Donald 5]

Hi Cote! That is great, I'll read it through!

[divyanshisharma 2]

"Moving Averages, Oscillators,

Woodie

 Are the only indicators that i like to use for trading. 

[PAOptions 1]

None. Price action is all I need.

[zdo 20]

3 hours ago, PAOptions said:

None. Price action is all I need.

how inane... it's like posting in a 'what kind of car do you like?' thread about how you only take uber.

But that's how we roll around here... talking about indicators in price action threads... talking about price action in  indicator threads...

[PAOptions 1]

Indicators are absolutely worthless.

[CrazyCzarina 17]

I like to work with RSI, volume, and MACD for my strategy.

[zdo 20]

Noobies,

PAn said "Indicators are absolutely worthless"

To be more accurate, PAn should have posted "Indicators are absolutely worthless to me."

Indicators are like any other measure or representation - worthless if you don’t know how to use them.  When I first started trading I studied indicators in depth then moved on... it was not until many years later when I got into automation that indicators and learning how and WHEN to use them became not “absolutely worthless”  but extremely valuable.

 

 

...

 

 

 

PAn, somewhere a noob is in a Price Action thread trying to integrate new material.  Someone like you pops up and says “Price action trading is absolutely worthless. Indicators are all I need” .  Helpful?      No.   To really be accurate PAn should have posted nothing at all in this thread...