Your Favorite Indicator

[Obsidian 10]

What is your favorite indicator?

 

In many cases I use ichimoku (I only use clouds), instead of MAs because it gives me more clear picture about the support/resistance zones

[Tams 20]

What is your favorite indicator?

 

volume.......... ..........

[onesmith 10]

Volume here too. And fib numbers.

 

volume.......... ..........

[MightyMouse 12]

My favorite indicator is the profit or loss in my account. On a shorter term basis, the red or green of a trade.

[roztom 10]

My favorite "tool" is Volume Profile with Cumulative Volume based.nodes.

 

Price based indicators only can tell you where you've been other than divergence whose "predictive" value is random at best.

 

Trading is not red light, green light which many look to achieve with indicators but only shades of gray off to the right side of the screen.. IMHO..

[BlueHorseshoe 10]

My favorite indicator is the profit or loss in my account. On a shorter term basis, the red or green of a trade.

 

The profit or loss on my account is the most important indicator, but it's not always my favourite!

[wrbtrader 10]

What is your favorite indicator?

 

In many cases I use ichimoku (I only use clouds), instead of MAs because it gives me more clear picture about the support/resistance zones

 

International economic calendar or international calendar of key events that have impact on the markets.

 

2012 Economic Calendar

 

Forex Calendar @ Forex Factory

 

http://www.federalreserve.gov/calendar.htm

 

ECB: European Central Bank home page

 

When something is occurring in the markets, there's usually a key market event involved.

[winstonsmith 10]

I occasionally will glance at the RSI/MACD...not because I think they're useful...but because other traders think they are...otherwise, I don't use indicators....unless you want to consider the Fed or the ECB's QE'ing/LTRO'ing (see attachment) as an indicator....if so, then yeah, I use indicators...LOL

[Obsidian 10]

only 7-8 people on the whole forum using indicators?

come on, we don't bite

[Trader1 10]

I don't know if this is in the indicator category but it does indicate so why not, Fibonacci must be my favorite, I also using Slow Stoch a lot

[karoshiman 10]

only 7-8 people on the whole forum using indicators?

come on, we don't bite

 

 

Maybe this fact is a hint to something...

[Trader1 10]

Maybe this fact is a hint to something...

 

indicators is very good tools, it's just that most new traders are using them wrong,

they are meant to be used as confirmation, not to take entry signals from,

in that sence I think indicators are priceless:)

price action first, indicators second

[mohsinqureshii 10]

I use RSI , Pivot Point and SMA.

[SpearPointTrader 10]

indicators is very good tools, it's just that most new traders are using them wrong,

they are meant to be used as confirmation, not to take entry signals from,

in that sence I think indicators are priceless:)

price action first, indicators second

 

I actually disagree with this. My favorites are a combination of Bollinger bands and Moving averages(3 main ones). I most definitely have entrance and exit signals from them.

 

That said, I do also use them for confirmations as well. It really depends on the set up I am using at the moment. A break out of a 1,2,3 for example, would be a confirmation. A Spear Point, on the other hand, is the signal.

[Mysticforex 13]

only 7-8 people on the whole forum using indicators?

come on, we don't bite

 

 

I use indicators 50% of the time. The other 50% of the time I use trend lines.

Indicators I have used in the past include:

Full Stochastic 30, 10,10.

MACD Only to look for divergence.

 

Indicators I use now are Pivot Points, Ichimoku Cloud ( just started with this one ), and a custom indicator that measures deviation.

 

I currently have 5 monitors. 2, five min charts on each of 2 monitors. 1 MT4 platform on 1 monitor for deviation, and 1 MT4 platform on 1 monitor for everything else.

The 5th and last monitor is for Traderslaboratory . . . . . and the rest of the internet.

 

 

 

PS. Anyone interested in talking about Trend Lines???

Start a thread, or let me know and I'll start a thread.

[Mysticforex 13]

come on, we don't bite

 

 

Speak for yourself

 

 

Some indicators I don't use...

 

Elliot Wave. Not because I think they don't work, some people swear by them. It's just that by the time I recognize a wave, the move is over.

 

Chart patterns like "Head and Shoulders". Again, very popular but I just don't see it.

[Obsidian 10]

...PS. Anyone interested in talking about Trend Lines???

Start a thread, or let me know and I'll start a thread.

 

would be nice if you could

 

Chart patterns like "Head and Shoulders". Again, very popular but I just don't see it.

in deed...been a long time, maybe not looking at the right direction