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Economy => Trading Discussion => Topic started by: Ararbermas on June 30, 2021, 07:06:33 AM



Title: Best indicators for this situation?
Post by: Ararbermas on June 30, 2021, 07:06:33 AM
As you can see guy a there's no stable progress after the massive decline in the market and sometimes when it start showings green it didn't last long always wherein after day or two it's always suddenly disappear and turn into red again.
For me because I'm not a professional trader it became too difficult to predict or just to have a clue even you used some of those useful indicators..

And these what i use on this current situation.

Williams alligator
Bollinger
RSI
SAR
Stochastic
Supertrend
Macd
Ichimuko clouds

What's your thoughts? Any recommendation because to be honest when the market start struggling, those indicators are not accurate anymore and it gives me a false information..


Title: Re: Best indicators for this situation?
Post by: GreatArkansas on June 30, 2021, 07:45:51 AM
Very difficult, most of these indicators got different uses, like the RSI, which is only for momentum, MACD is for moving average. And some of them are a combination of basic indicators like you mentioned.

Using these indicators is effective on the different timeframe, so my advice is you select only a few, not all of them, and don't be redundant like if you already using RSI, avoid using another momentum indicator like stochastic RSI or vice versa.


Title: Re: Best indicators for this situation?
Post by: leea-1334 on June 30, 2021, 10:39:01 AM
I only know a couple of those indicators well and I have to say,,, none of them are really validated or invalidated by the week's happenings, or even the past two months. RSI for example does give you alerts even with 1 week of data,,, but it also needs to have big volume backing it up which currently is not happening much with any crypto market right now.


Title: Re: Best indicators for this situation?
Post by: tranthidung on June 30, 2021, 11:50:12 AM
Supertrend
Super trend indicator will help you to stay with the trend that is your friend. This indicator is not good if you are trader but very good if you are investor, hodler. As investor, if you see the super trend is bullish, any dip will be chance for you to accumulate more.

As a trader, you need to look at narrower time frame and your actions need to be more quickly with price actions.


Title: Re: Best indicators for this situation?
Post by: tulusikhlas on June 30, 2021, 04:31:36 PM

And these what i use on this current situation.

Williams alligator
Bollinger
RSI
SAR
Stochastic
Supertrend
Macd
Ichimuko clouds

actually the methods of some of the indicators that you have applied are very good, even some of us including myself don't use too many indicators.

As for the points that can be taken, that indocator always has its own advantages, and it can be found by its users.

So far I'm still using some indicator such as:
Bollinger Bands, Stochastic, Zigzag, Linear Regression Curve, and Net Volume.


Title: Re: Best indicators for this situation?
Post by: sujonali1819 on June 30, 2021, 07:20:33 PM
Personally I don't use all the indicators and even I don't know some are of them how to work. But as I think sometime there is no indicator works perfectly. And this is the time running. There is no stable move happening recently. Better to keep holding this time. And it also better to not opening trade by depending on indicators.


Title: Re: Best indicators for this situation?
Post by: Review Master on June 30, 2021, 07:54:47 PM
What's your thoughts? Any recommendation because to be honest when the market start struggling, those indicators are not accurate anymore and it gives me a false information..

TBH, i only use RSI and MACD indicators to analysis the chart for finding out support and resistance levels which are quite accurate. So, it's best for OP to analysis the chart using two or three indicators,IMHO. Mixing all those indicators might not give anyone exact possibilities as few indicators will indicate bullish ,where others might indicate bearish in the meantime.


Title: Re: Best indicators for this situation?
Post by: Gozie51 on June 30, 2021, 07:58:40 PM
You have a whole lot of indicators you have listed there and I want to ask if you use them at same time ? They can be confusing like is already much in my eyes and I think much indicators may not contribute so much if the trader doesn't know exactly how to use them , that is why it is difficult when market isn't following up to them. It is difficult to trade because you can't predict direction.


Title: Re: Best indicators for this situation?
Post by: bitzizzix on June 30, 2021, 08:55:03 PM
Indicators will work well and produce good results when done by experts or professionals and like most market analysis techniques, one indicator works best when combined with other indicators, or even with other methods.
and it is not easy to use consistent indicators because most will deviate or go off track with the indicators used and even not work.
I personally don't really like trading because it's not easy for me to learn to really become an expert and profitable trader, all I do is buy when prices are low and sell when prices go up and without a set time limit.


Title: Re: Best indicators for this situation?
Post by: Johnyz on June 30, 2021, 10:22:14 PM
That’s not easy because most of the time on the bear market, the indicators are invalidated especially if there’s a strong selling. We can just set-up the support level, see if its already over sold and if you see a good volume on the reversal candle then that could be your best time to come in. Indicators should complement each other, so find your perfect combination.


Title: Re: Best indicators for this situation?
Post by: Serco on June 30, 2021, 10:55:32 PM
Indicators will work well and produce good results when done by experts or professionals and like most market analysis techniques, one indicator works best when combined with other indicators, or even with other methods.
and it is not easy to use consistent indicators because most will deviate or go off track with the indicators used and even not work.
I personally don't really like trading because it's not easy for me to learn to really become an expert and profitable trader, all I do is buy when prices are low and sell when prices go up and without a set time limit.
indicators combination without basic knowledge in support resistance analisys will be worthless. Most of us only concern on indicators signal , but they forget this tools with have function if follow the basic rules of price movement such as SnR analisys. Many of us only on focus to oversold or overbought level only and careless the price level that contain huge supply or demand.


Title: Re: Best indicators for this situation?
Post by: wahyu wida on July 01, 2021, 02:46:16 AM
I only use macd and stoch, for me there is actually no best, the best is where we understand the weaknesses and strengths of these indicators. With us being able to use it, it is hoped that we will get profit consistently with measurable risk.


Title: Re: Best indicators for this situation?
Post by: DarkIT on July 01, 2021, 03:30:48 AM
As you can see guy a there's no stable progress after the massive decline in the market and sometimes when it start showings green it didn't last long always wherein after day or two it's always suddenly disappear and turn into red again.
For me because I'm not a professional trader it became too difficult to predict or just to have a clue even you used some of those useful indicators..

And these what i use on this current situation.

Williams alligator
Bollinger
RSI
SAR
Stochastic
Supertrend
Macd
Ichimuko clouds

What's your thoughts? Any recommendation because to be honest when the market start struggling, those indicators are not accurate anymore and it gives me a false information..

Your brain will work good enough then the indicators. Because indicator also made by one person by it's brain. Not only, you struggling at the current market situation. All the people struggling with the bear market. In somecoin, the centralized pattern will works.


Title: Re: Best indicators for this situation?
Post by: crwth on July 01, 2021, 04:00:00 AM
Let's get things straight first. Trading is all speculation-based, and all the indicators you have included here are just to increase your chances of predicting the correct direction in which the market will go. It's not that it's not accurate. It's just that it goes in a different direction.

There are plenty of chances where the indicators predict correctly and plenty of wrong predictions as well. You have to use the correct combinations (maybe) and be consistent with your risk management. That's just how you can go about it.


Title: Re: Best indicators for this situation?
Post by: bittraffic on July 01, 2021, 06:33:12 AM
Let's get things straight first. Trading is all speculation-based, and all the indicators you have included here are just to increase your chances of predicting the correct direction in which the market will go. It's not that it's not accurate. It's just that it goes in a different direction.

There are plenty of chances where the indicators predict correctly and plenty of wrong predictions as well. You have to use the correct combinations (maybe) and be consistent with your risk management. That's just how you can go about it.

What sort of combination can you suggest for newbies out there that just wanted to try trading as well.  I'm looking for a combination of indicators that will confirm the predictions it tells and by checking the other indicator will also tell the same. Free tradingview account is only limited to 3 indicators, this hampers newbies in learning the trade.


Title: Re: Best indicators for this situation?
Post by: crwth on July 01, 2021, 07:41:13 AM
What sort of combination can you suggest for newbies out there that just wanted to try trading as well.  I'm looking for a combination of indicators that will confirm the predictions it tells and by checking the other indicator will also tell the same. Free tradingview account is only limited to 3 indicators, this hampers newbies in learning the trade.
You could try a lot of indicator combinations. Usually, Bollinger Bands with MACD or RSI is a great way to start. I mean, they could really help you assess if you are going to have long position or a short position. There are a lot of resources that you could check and one site that amazes me is from Binance Academy.

You could check it out here: https://academy.binance.com/en/start-here#trading

They have a very thorough type of topics available and you could really learn a lot from there.


Title: Re: Best indicators for this situation?
Post by: bitcub on July 01, 2021, 11:16:48 AM
We are still in the death cross, waiting for that golden cross to appear sometime in the next few weeks or months. Currently I am just playing swingtrade for ETH/USD , BTC/USD  with the help of RSI / MACD / Volume / MA / and BB


Title: Re: Best indicators for this situation?
Post by: Maslate on July 01, 2021, 12:33:28 PM
That’s not easy because most of the time on the bear market, the indicators are invalidated especially if there’s a strong selling. We can just set-up the support level, see if its already over sold and if you see a good volume on the reversal candle then that could be your best time to come in. Indicators should complement each other, so find your perfect combination.
That's a good point, having a good combination of indicators that you will use can help you become more profitable even if we are on a bear trade. Some scalpers are still making money though most of them didn't mind any indicators since they play short, but for those who play on a weekly time frame, then indicators is indeed a big help. Best for me is MA, RSI, MACD this is just basic but it's worth it.
It gonna be more on the application side and we can't learn about this stuff if we are afraid to use and try it. If we are using the Binance platform, spot trading, we can easily check MA, RSI, MACD, but if we never know the purpose to them, it is just like a decoration to the platform. But I think as a trader, we need to enhance our skills and to consider using those indicators as it was a big help to reach our target.


Title: Re: Best indicators for this situation?
Post by: leea-1334 on July 01, 2021, 01:29:48 PM
Let's get things straight first. Trading is all speculation-based, and all the indicators you have included here are just to increase your chances of predicting the correct direction in which the market will go. It's not that it's not accurate. It's just that it goes in a different direction.

There are plenty of chances where the indicators predict correctly and plenty of wrong predictions as well. You have to use the correct combinations (maybe) and be consistent with your risk management. That's just how you can go about it.

Indeed. The accuracy of these indicators do not really change, they all help improve the accuracy of the predictions (you can still get it wrong of course but there is no such thing as 100% accuracy). And sometimes not a different direction, just not enough of the momentum in the right direction. For example, indicator predicting bottom of 29k so you set buy at 29.5 to be safe, but the market only moved to 30.5 k before rebounding. It was not wrong, and was not different direction,,, it simply was not accurate enough, but still accurate:)


Title: Re: Best indicators for this situation?
Post by: ipanks on July 01, 2021, 02:07:59 PM
Personally, I use Bollinger bands, macd, rsi, and that is enough for me to check where the trend will go down. The time frame will also help you analyze the trend to prepare to enter the market or still watch the market move. Maybe the other traders will use different indicators because we have a different experience in trading and maybe they will use the other indicators than yours. But if you think you feel confused to analyze the market, you do not have to enter the market because that can be dangerous for you. Maybe you can only buy and hold without trying to sell in the volatility of the price.


Title: Re: Best indicators for this situation?
Post by: DarkDays on July 01, 2021, 03:43:48 PM
As you can see guy a there's no stable progress after the massive decline in the market and sometimes when it start showings green it didn't last long always wherein after day or two it's always suddenly disappear and turn into red again.
For me because I'm not a professional trader it became too difficult to predict or just to have a clue even you used some of those useful indicators..

And these what i use on this current situation.

Williams alligator
Bollinger
RSI
SAR
Stochastic
Supertrend
Macd
Ichimuko clouds

What's your thoughts? Any recommendation because to be honest when the market start struggling, those indicators are not accurate anymore and it gives me a false information..
You're right, these indicators like many others out there are less and less accurate in a bear market. And this is because it is more difficult to interpret market moves when the general sentiment  is down. The best thing you can do is learn as much as you can from general trends and keep an eye out for potential news that might move the market in either direction.


Title: Re: Best indicators for this situation?
Post by: el kaka22 on July 01, 2021, 07:00:36 PM
You could try a lot of indicator combinations. Usually, Bollinger Bands with MACD or RSI is a great way to start. I mean, they could really help you assess if you are going to have long position or a short position. There are a lot of resources that you could check and one site that amazes me is from Binance Academy.

You could check it out here: https://academy.binance.com/en/start-here#trading

They have a very thorough type of topics available and you could really learn a lot from there.
Add EMA into that and you are basically done already, most others are totally useless. I do not like Bollinger Band all that much because it just moves the post too much, it shows one thing and if it stays like that for a day suddenly what was insane yesterday becomes expected today according to BB and that is not something I really like in TA because I want some stability of my predictions. However one thing I like about EMA is that you are checking the weekly and depending on the weekly you could make a prediction for the next week, it is always stable because what happens today should impact tomorrow logically.

MACD and RSI is very nice as well, I have used them in a trading bot before and it did worked not so bad, especially when buying it is definitely catching right before it hits bottom, selling is quite difficult in any indicator at all times.


Title: Re: Best indicators for this situation?
Post by: bittraffic on July 02, 2021, 02:25:26 AM
You could try a lot of indicator combinations. Usually, Bollinger Bands with MACD or RSI is a great way to start. I mean, they could really help you assess if you are going to have long position or a short position. There are a lot of resources that you could check and one site that amazes me is from Binance Academy.

You could check it out here: https://academy.binance.com/en/start-here#trading

They have a very thorough type of topics available and you could really learn a lot from there.
Add EMA into that and you are basically done already, most others are totally useless. I do not like Bollinger Band all that much because it just moves the post too much, it shows one thing and if it stays like that for a day suddenly what was insane yesterday becomes expected today according to BB and that is not something I really like in TA because I want some stability of my predictions. However one thing I like about EMA is that you are checking the weekly and depending on the weekly you could make a prediction for the next week, it is always stable because what happens today should impact tomorrow logically.

MACD and RSI is very nice as well, I have used them in a trading bot before and it did worked not so bad, especially when buying it is definitely catching right before it hits bottom, selling is quite difficult in any indicator at all times.

If you only have 3 indicators to add to your tradingview account, which one will you add apart from MACD and RSI?  I tend to remove the MAs since I already have MACD. Essential indicators used in TAs are often doing the same functions as the BB and stochastics. What other indicators to use that you think good to use?



Title: Re: Best indicators for this situation?
Post by: crzy on July 02, 2021, 07:48:33 AM
We are still in the death cross, waiting for that golden cross to appear sometime in the next few weeks or months. Currently I am just playing swingtrade for ETH/USD , BTC/USD  with the help of RSI / MACD / Volume / MA / and BB
That's are the common indicators in trading and I'm also using it because it always works for me. The market is still trying not to dump that much and it's good to see Bitcoin beyond $30k again same thing with ETH that recently go above $2k, that could be consider as the strong support. The market is still down, the best thing to do right now is to have strategies and a long term plan, like what coins to hold.


Title: Re: Best indicators for this situation?
Post by: Ararbermas on July 02, 2021, 08:56:41 AM
It depends on your strategy. Even though we are currently in the bearish market, we can still scalp in the market. The strategy that I am using right now is based on support and resistance with the help of the RSI, to know which trend is existing at the moment.
yes RSI can really tell if the coin is over sold or over bought but the fact that after market turned into bearish, that indicator also became to hard to monitor just to get the right time to buy and sell.. And you know sometimes it's showing over sold sign in the graph but it continue to going down more instead of showing a trend afterwards. Probably it's good to take a break rather than take all the risk because of this current situation..  ;)


Title: Re: Best indicators for this situation?
Post by: Kelvinid on July 02, 2021, 09:50:54 AM
It depends on your strategy. Even though we are currently in the bearish market, we can still scalp in the market. The strategy that I am using right now is based on support and resistance with the help of the RSI, to know which trend is existing at the moment.
yes RSI can really tell if the coin is over sold or over bought but the fact that after market turned into bearish, that indicator also became to hard to monitor just to get the right time to buy and sell.. And you know sometimes it's showing over sold sign in the graph but it continue to going down more instead of showing a trend afterwards. Probably it's good to take a break rather than take all the risk because of this current situation..  ;)
This simply means that not all got perfect, it may be it works in this particular situation and might not work for others.
That is why trading is not an easy job especially during the bear season, we have these numbers of trading tools but none of them would work at its best, it still needs for us to analyze the situation carefully.

If that so, maybe we have to try another hoping that it works. Perhaps, trading is full of trial and error, yeah, we had to lose sometimes. That really funny I think, but that is the real talk, not all the time we are lucky, just like the market isn't at bullish always.



Title: Re: Best indicators for this situation?
Post by: Zilon on July 02, 2021, 10:06:01 AM
The best indicator for now is your psychology because most technical indicators are either lagging or leading and ends up complicating your trading account. First have the right mind set for the current decline and understand that we are currently facing a choppy market in which it's adviceable for traders to stay clear from the market until a trend is redefined so that ones trading account wouldn't be used to salvage the dip.


Title: Re: Best indicators for this situation?
Post by: Vaculin on July 02, 2021, 02:52:08 PM
The best indicator for now is your psychology because most technical indicators are either lagging or leading and ends up complicating your trading account. First have the right mind set for the current decline and understand that we are currently facing a choppy market in which it's adviceable for traders to stay clear from the market until a trend is redefined so that ones trading account wouldn't be used to salvage the dip.
It is either we have to trust our psychological instinct or remain relying on the technical, that guarantees nothing. I think we need to apply them both, maybe we could see a positive result but as I've said, we can't sure that it works perfectly or at least no huge losses. And besides, we are not just aiming to gain more profit but what we wanted to is to save some of our funds during the crisis. Coz we know how hard to generate profit at this situation and especially when we only have small capital.


Title: Re: Best indicators for this situation?
Post by: crwth on July 03, 2021, 04:55:20 PM
Add EMA into that and you are basically done already, most others are totally useless.
That might not be suitable for everyone knowing that they have their preferences with regards to what indicators they are going to use on it. It's always going to be the part where you could put so many indicators but they are just clouding your judgment. It's still best to stick to what you know, like what you said, yours is EMA, and stick to that. It's better that way.

I do not like Bollinger Band all that much because it just moves the post too much, it shows one thing and if it stays like that for a day suddenly what was insane yesterday becomes expected today according to BB and that is not something I really like in TA because I want some stability of my predictions.
You do know that BB's are based on MA's as well. It's in conjunction with a certain value of MA and there's just a ± of deviation from it. Everything is being looked upon though.

MACD and RSI is very nice as well, I have used them in a trading bot before and it did worked not so bad, especially when buying it is definitely catching right before it hits bottom, selling is quite difficult in any indicator at all times.
I believe too that entry is more important than the sell because as long as you have a %gain in your trades, it's still better than 0.


Title: Re: Best indicators for this situation?
Post by: dortheamangum on July 16, 2021, 01:18:51 PM
Among the above listed, I have used macd, RSI and sometimes bollinger. They are good.


Title: Re: Best indicators for this situation?
Post by: andriarto on July 17, 2021, 02:08:19 AM
The best indicator for now is your psychology because most technical indicators are either lagging or leading and ends up complicating your trading account. First have the right mind set for the current decline and understand that we are currently facing a choppy market in which it's adviceable for traders to stay clear from the market until a trend is redefined so that ones trading account wouldn't be used to salvage the dip.
It is either we have to trust our psychological instinct or remain relying on the technical, that guarantees nothing. I think we need to apply them both, maybe we could see a positive result but as I've said, we can't sure that it works perfectly or at least no huge losses. And besides, we are not just aiming to gain more profit but what we wanted to is to save some of our funds during the crisis. Coz we know how hard to generate profit at this situation and especially when we only have small capital.
For those who are experienced in trading, I don't think it's an obstacle in any situation, they can still take advantage of the moment. but since I'm not like that for now I'm just relying on investment, and save on my own expenses. in my opinion there is no best indicator, the best is an indicator that we can understand its characteristics so as to make a profit


Title: Re: Best indicators for this situation?
Post by: Coin_trader on July 17, 2021, 02:18:29 AM
Using Fibonacci is a great tool to determine where should be the perfect price level to buy during a massive correction. Combining it with indicators like BB and MACD will give you confirmation to buy at the buy zone level which is 1.13 and above level. Using more indicators at same time means more error and confusion in your trading. Just make your chart as clean as possible so that you can easily see the patterns.


Title: Re: Best indicators for this situation?
Post by: Hypnosis00 on July 17, 2021, 03:19:10 AM
Using more indicators at same time means more error and confusion in your trading. Just make your chart as clean as possible so that you can easily see the patterns.
That is why I just focus on the Volume, RSI, MACD...
By simply having them is enough for me to make TA. I understand that not all the time it works perfectly but this will help us to boost our chance to go along with the market. It is for sure, we are all not on a winning side despite having these all trading tools it is because the market is unpredictable.

Once I've been in trade, I also ask for some luck with me like I was in gambling. But unfortunately, sometimes we've not heard, I lose actually like a normal happening.