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What indicators do you use the most? and why? | Myfxbook
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I am studying the technical analysis now, and I believe each trader has different preference on the indicators to use.
But I am wondering if what indicators you guy use the most, and why it is working effectively.
Thank you so much in advance for your advice!
I occasionally use Bollinger Bands, but apart from that I am trying to learn how use pure price action with no indicators.
The indicators does not forecast the market. They uses chart data already displayed as bars, candles etc, but with different visualization. Trend indicators will mislead you during choppy, and oscillators during the trending market. Studding indicators is easy, but most important is to understand which market you are dealing and then to choose which indicators to apply :)
Price action is king as they say.... The only indicator I like it ATR. I use it to help identify intra day TP levels
Aug 04 2017 at 13:42
Biedrs kopš   427 ieraksti
I use spread indicators (the most simple ones) and also RSI because I trade on market action.
Accept the loss as experience
Aug 06 2017 at 06:39
Biedrs kopš   31 ieraksti
RENKO BARS shows better PRICE ACTION
Tomorrow is far away but yesterday is so close.
Aug 06 2017 at 12:32 (labots Aug 06 2017 at 12:32)
Biedrs kopš   1487 ieraksti
RENKO BARS shows better PRICE ACTION
Do you have any recommendation about reading material from which I can learn more about renko bars?
Aug 06 2017 at 14:40
Biedrs kopš   920 ieraksti
I’m using only Moving Average trading tool in my trading chart! It shows me dynamic support and resistant line so keenly! By the way, I am a news trader mainly!
Aug 08 2017 at 10:30
Biedrs kopš   31 ieraksti
RENKO BARS shows better PRICE ACTION
Do you have any recommendation about reading material from which I can learn more about renko bars?
nah its like an indicator/EA that shows bars but these bars shows when the market is bullish or bearish.
Tomorrow is far away but yesterday is so close.
Aug 08 2017 at 12:54
Biedrs kopš   1487 ieraksti
RENKO BARS shows better PRICE ACTION
Do you have any recommendation about reading material from which I can learn more about renko bars?
nah its like an indicator/EA that shows bars but these bars shows when the market is bullish or bearish.
Yes, I know what it is, my point was how to use it most effectively?
Aug 08 2017 at 14:54
Biedrs kopš   9 ieraksti
How do renko bars show better price action than normal candles?
Aug 09 2017 at 06:30
Biedrs kopš   31 ieraksti
that an example of renko chart showing a better Support and Resistance zone along with showing better trends
Open in a full screen
Tomorrow is far away but yesterday is so close.
Aug 09 2017 at 13:12
Biedrs kopš   1487 ieraksti
Do you use any other indicator, apart from renko bars?
Aug 10 2017 at 06:29
Biedrs kopš   31 ieraksti
Tomorrow is far away but yesterday is so close.
Aug 13 2017 at 06:30
Biedrs kopš   920 ieraksti
Moving Average (EMA) is my most favorite trading indicator because it shows dynamic support and resistant levels.
Aug 21 2020 at 16:26
Biedrs kopš   825 ieraksti
I used most of the Ichimoku Kinko Hyo indicator. This indicator helps to find quality trading opportunities in the trading market, establish price momentum, and plot decisive support and resistance bands.
Aug 24 2020 at 06:49
Biedrs kopš   34 ieraksti
Always try to think with your mind when you are going to trade in the forex market. Your emotion can put you in great danger.
Aug 24 2020 at 10:01
Biedrs kopš   168 ieraksti
I use moving averages as reference point for trends and price for entries and exits. It works for me because at the end only price pays.
Aug 25 2020 at 08:03
Biedrs kopš   298 ieraksti
Personally I do not use any indicators. I trade based on price action. I follow candles, candlestick and price behavior in terms of support and resistance. You have to find out which indicators work for you or you understand the most.
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