Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Maxwell

You're Favorite Techinical Indicators - List Them

Recommended Posts

Hi Walter,

 

You have to chart these in between your ears.

 

 

Oh I see ¡¡ great ¡¡ I call that market climate perception... takes some years of screen time... good for you KNC ¡¡ cheers Walter.

Share this post


Link to post
Share on other sites
Before I traded using price only, I had a slew of technical indicators, most of which have been mentioned here. Dropping those comfort tools was really a challenge until I overlayed those technical entry signals with the price action signals I learned.

 

What I discovered was that my "old" entries (which usually required multiple confirmations from a variety of indicators) were anywhere from 1/2 to 2 ES points behind the price action triggers. That's a huge difference which I now, in retrospect, view as slippage. That slippage went right into the pockets of the pros who took the other side.

 

In the ultra-competitive game of ES day trading, one can't afford to give that much up and hope to consistently turn a profit.

 

So Trex, anything more to add??? :rofl::rofl::rofl::rofl::rofl:

Share this post


Link to post
Share on other sites

:)

Price is my indicator :) I stopped using technical indicators years ago. Now the only tools I use are market internal tools such as the TICK, TRIN, prem, and PC ratio. I also use market profile and pivot points. Read this thread to learn more about my trading techniques.

 

 

Hi Soultrader.

 

I have a request. Could you please to review the link you write here like "thread" because it is not working? I am very interested in the price action techniques and I would like to read it.

 

***

This is my first post here. I have just a short time to read, reason why I am advancing little by little with the topics that are more interesting for me. Anyway, I want to take advantage of this post in order to say that you and your colleagues have a great place to learn about trading. Thanks. :)

***

 

Regards.

Share this post


Link to post
Share on other sites

hmmm.... I dont know what happened to that link, perhaps I may have accidently deleted it.

 

Cattus, if you would like please let me know of any questions you have regarding price action. (please try to be specific) I will do my best to see if I can help answer them. Although price action seems like a specific topic, I tend to classify price action into pattern recognition, tape reading, TA, Level 2, etc...

Share this post


Link to post
Share on other sites

I'll let Soul answer, as I know all of our trading strategies are under constant evolution, but I think he said he uses market profile concepts, but not Market Profile specifically..I believe he said he mentally forms the market profile distribution while viewing the charts (which is actually easier than it sounds once you've seen it for a while) and starts really watching the tape at s/r levels....

Share this post


Link to post
Share on other sites
hmmm.... I dont know what happened to that link, perhaps I may have accidently deleted it.

 

Cattus, if you would like please let me know of any questions you have regarding price action. (please try to be specific) I will do my best to see if I can help answer them. Although price action seems like a specific topic, I tend to classify price action into pattern recognition, tape reading, TA, Level 2, etc...

 

 

Hi Soultrader. Thanks for answer me.

 

OK, there we go. You said that the price is your main indicator to trade (post #3), but you also said that you work with internal tools (such TICK, TRIN, prem, PC ratio, market profile and pivot points). I would like to know more about those internal tools. As I understand you wrote about them in the link "thread" you mentioned into this thread post #3, but at this time it doesn't work. Also doesn't work the link "thread" of "Why technical indicators are useless in trading " post #3.

 

On the other hand, let me explain what is for me the price action.

 

The price action for me is the reaction of the price to important support and resistance levels.

 

It reactions could be Specific Patterns. Talking about candlesticks, I prefer the patterns such Hammers and Inverted Hammers (or the sum of two candlesticks: Piercings. That are equals to Hammers or Inv. Hammers). Why? because the Hammers and Inverted Hammers show us the pressure of the offer and demand. Also we have patterns like the Marubozu Patterns, that are very clears about the pressure of the offer and demand.

 

The Important Levels (Support and Resistance) could be anything that it has proven technically that it is important for the market. I prefer these levels:

- Pivot Point

- The High and Low of yesterday

- Lines of Murrey Maths

- Trendlines

- Chart Patterns

- Fibonacci Patterns (AB=CD and others)

- EMA or LMA of Finonacci numbers (55, 89, 144, 233, 377)

- Levels of Fractals

 

The indicators come after the price, but I think some of them can be very useful, like Stochastick, MACD, Fractals and Moving Averages. May be there are others that can probe be useful.

 

Do you have a Thread where I can study some of my doubts or comment my ideas?

 

Thanks.

 

cattus

"Eres dueño de lo que callas y esclavo de lo que dices"

Share this post


Link to post
Share on other sites

If you have a favorite indicator that you use please share it with us! List your indicator and a brief description how how you apply that indicator to your trading.

 

Price and Volume.

 

Focus on the following color sequences.

 

R2R 2B 2R or B2B 2R 2B

 

- Spydertrader

Share this post


Link to post
Share on other sites

I daytrade eminis and use 3 timeframes YM 1296t 432t 144t, plus ES 5400t for lead/SR. I use adaptive average (10). I tested other MAs/EMAs, no contest.

I enter when it curves up/down from being flat a while, in sync with a zero line cross on the detrended oscillator or MACD (Linda Raschke's 3/10 settings),

confirmed by slow stoch cross-over, preferably at extreme point/off SR/pivot point. But my trigger indicator is the DMI with ADX combo (super-imposed) with

extreme settings: DMI 6.8.8 ADX 10.4,19 on Sierra Charts (standard settings are too slow). I arrived at these settings after backtesting every possible

permutation. The trick is to get the topDI to jump over the ADX line or at least touch it and turn up; play with your settings until that happens, it should be a

very visible signal! No matter where all other indicators point, if the ADX is not moving up, there's no trend and you are dead in the water. This ADX is more

reliable than Bollinger Bands at any settings, and a whole lot better than the squeeze indicator, which tends to join the party too late. I compared.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • WGS GeneDx stock, nice rally off the 70.67 support area, watch for upcoming breakout at https://stockconsultant.com/?WGS
    • Date: 25th November 2024. New Secretary Cheers Markets; Trump Trade Eased. Asia & European Sessions:   Equities and Treasuries rise, as markets view Donald Trump’s choice of Scott Bessent for Treasury Secretary as a stabilizing decision for the US economy and markets. Bessent: Head of macro hedge fund Key Square Group, supports Trump’s tax and tariff policies but gradually. He is expected to focus on economic and market stability rather than political gains. His nomination alleviates concerns over protectionist policies that could escalate inflation, trade tensions, and market volatility. Asian stocks rose, driven by gains in Japan, South Korea, and Australia. Chinese equities fail to follow regional trends, presenting investors’ continued disappointment by the lack of strong fiscal measures to boost the economy. The PBOC keeps policy loan rates unchanged after the September cut. US futures also see slight increases. 10-year Treasury yields fall by 5 basis points to 4.35%. Nvidia dropped 3.2%, affected by its high valuation and influence on broader market trends. Intuit fell 5.7% after a disappointing earnings forecast. Meta Platforms declined 0.7% following the Supreme Court’s decision to allow a class action lawsuit over the Cambridge Analytica scandal. Key events this week: Japan’s CPI, as the BOJ signals a possible policy change at December’s meeting. RBNZ expected to cut its key rate on Wednesday. CPI & GDP from Europe will be released. Traders will focus on the Fed’s November meeting minutes, along with consumer confidence and personal consumption expenditure data, to assess potential rate cuts next year. Financial Markets Performance: The US Dollar declines as US Treasuries climb. Bitcoin recovers from a weekend drop, hovering around 98,000, having more than doubled in value this year. Analysts suggest consolidation around the 100,000 level before any potential breakthrough. EURUSD recovers slightly to 1.0463 from 1.0320 lows. Oil prices drop after the largest weekly increase in nearly two months, with ongoing geopolitical risks in Ukraine and the Middle East. UKOIL fell below $75 a barrel, while USOILis at $70.35. Iran announced plans to boost its nuclear fuel-making capacity after being censured by the UN, increasing the potential for sanctions under Trump’s administration. Israel’s ambassador to the US indicated a potential cease-fire deal with Hezbollah, which could ease concerns about Middle Eastern oil production, a region supplying about a third of the world’s oil. Russia’s war in Ukraine escalated with longer-range missile use, raising concerns about potential disruptions to crude flows. Citigroup and JPMorgan predict that OPEC may delay a planned increase in production for the third time during their meeting this weekend. Gold falls to $2667.45 after its largest rise in 20 months last week.Swaps traders see a less-than-even chance the central bank will cut rates next month. Higher borrowing costs tend to weigh on gold, as it doesn’t pay interest. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • SNAP stock, big day off support at https://stockconsultant.com/?SNAP
    • SBUX Starbucks stock, nice breakout, from Stocks to Watch at https://stockconsultant.com/?SBUX
    • INTC Intel stock settling at 24.25 double support area at https://stockconsultant.com/?INTC
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.