Bitcoin Forum
May 12, 2024, 06:39:43 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: 1 2 [All]
  Print  
Author Topic: What INDICATORS are you using when trading? WHY?  (Read 203 times)
Jacsnuffles (OP)
Jr. Member
*
Offline Offline

Activity: 211
Merit: 1


View Profile WWW
February 12, 2018, 06:36:20 AM
 #1

I always use BOLL in Binance. For me, it gives me the signal of when to buy or when to sell, when I am doing  a Day Trading. It has a help of StochRSI so I can see the movement of my altcoin. It helps me to determine whether the price is going to go up, or drop. I sometimes use MACD. Especially if I feel like having a long sleep at night or spend a long time with my family and friends. How bout you? Can you share yours so everyone, especially the newbies, can have an idea. You can even share HOW if you want to.  Roll Eyes Grin Cheesy

►     https://GCOX.com GLOBAL CRYPTO OFFERING EXCHANGE     ◄
RISE ABOVE!   WHERE POPULARITY IS IMMORTALIZED
In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715495983
Hero Member
*
Offline Offline

Posts: 1715495983

View Profile Personal Message (Offline)

Ignore
1715495983
Reply with quote  #2

1715495983
Report to moderator
qiwoman2
Legendary
*
Offline Offline

Activity: 2114
Merit: 1023


Oikos.cash | Decentralized Finance on Tron


View Profile
February 12, 2018, 07:42:26 AM
 #2

I used to use macd and bollinger bands but now in crypto it's really hard to use indicators as the markets are more open and prone to mass manipulation by pumpers and dumpers and the big whale private groups where whales dictate daily how to move the markets and create and generate FUD and HYPE on twitter and other social media outlets including of course the mainstream media which is also at their disposal. I have given up using the charts to be quite honest and just invest n projects I believe might have some up side.


█▀█ █ █▄▀ █▀█ █▀ ░ █▀▀ ▄▀█ █▀ █░█
█▄█ █ █░█ █▄█ ▄█ ▄ █▄▄ █▀█ ▄█ █▀█



DeFi on Tron
and trustless token exchange
█████











█████

██████████████████████████████████████████████████████

JOIN OIKOS

██████████████████████████████████████████████████████

█████
    █
    █
    █
    █
    █
    █
    █
    █
    █
    █
    █
█████
melliana
Newbie
*
Offline Offline

Activity: 126
Merit: 0


View Profile
February 12, 2018, 08:54:05 AM
 #3

In cryptocurrency I don't use a lot of indicators, I use :
1. Market Depth
2. Order Book
3. The Last Trades
4. Volume
5. Fibonacci for support and resistance

You need to understands trends if looking for long term period.
haroldtee
Sr. Member
****
Offline Offline

Activity: 644
Merit: 299


View Profile
February 12, 2018, 10:04:08 AM
Last edit: February 12, 2018, 10:16:09 AM by haroldtee
 #4

First of all, no matter the indicator you use, you cannot always get it right 100%, even in any market. Secondly, you cannot even make use of one indicator to make a decision, so you may need some couple of indicator as well as some analysis to pull off a trade. Sometimes, conditions or some factors may just change the whole trade, which is why having your stop loss at some specific spot is very important.

I make use of a lot of indicators depending on the level at which I just want to be certain before making a trade, most especially in the moments of a wide correction like the one we just had. Personally, depending on what I am looking for, MA, Parabolic SAR, RSI, MACD and DMI for trend following, while Fib and Bollinger are the main indicators I use for swings and for general view of the market, I make use of the volume and order book as well.
olia10
Member
**
Offline Offline

Activity: 168
Merit: 10


View Profile
February 15, 2018, 03:37:48 AM
 #5

For me, such strategies as trade in the crypto currency, such as trading on pullbacks, trading on impulses, and trading on breakouts are considered optimal.

ladner
Member
**
Offline Offline

Activity: 121
Merit: 10


View Profile
February 15, 2018, 03:43:22 AM
 #6

I always use BOLL in Binance. For me, it gives me the signal of when to buy or when to sell, when I am doing  a Day Trading. It has a help of StochRSI so I can see the movement of my altcoin. It helps me to determine whether the price is going to go up, or drop. I sometimes use MACD. Especially if I feel like having a long sleep at night or spend a long time with my family and friends. How bout you? Can you share yours so everyone, especially the newbies, can have an idea. You can even share HOW if you want to.  Roll Eyes Grin Cheesy
When trading I always pay attention to three indicators that is the purchase price, selling price and trading volume within 24 hours. These are extremely important information for you to have the most overview of the coin you intend to trade. The difference in buying and selling prices will be very fast, in addition to the large trading volume will show the interest of other investors with the project.
InvestMen
Member
**
Offline Offline

Activity: 270
Merit: 10


View Profile
February 15, 2018, 03:45:11 AM
 #7

You can still use the simplest strategy of the so-called moving averages, which help determine the average value of the price at given intervals of time. If the value according to the graph above the moving average, the price increases, if lower - then falls.
atrocityx
Member
**
Offline Offline

Activity: 336
Merit: 71


View Profile
February 15, 2018, 04:11:15 AM
 #8

I always use BOLL in Binance. For me, it gives me the signal of when to buy or when to sell, when I am doing  a Day Trading. It has a help of StochRSI so I can see the movement of my altcoin. It helps me to determine whether the price is going to go up, or drop. I sometimes use MACD. Especially if I feel like having a long sleep at night or spend a long time with my family and friends. How bout you? Can you share yours so everyone, especially the newbies, can have an idea. You can even share HOW if you want to.  Roll Eyes Grin Cheesy

I usually use EMA (moving average) for buying indicators using day charts a 50/100/200 Day moving averages.. also like to use RSI and MAC along with these and candle types...

https://bitcointalk.org/index.php?topic=2944431.msg30246763#msg30246763 - this is a response I had in another post in which indicators I find effective and why.. I believe that technical analysis can help min max your position, but common sense is a better indicator and the basic strategy of buying low and selling high along with being greedy with BTC will help tremendously.
shulio
Legendary
*
Offline Offline

Activity: 1540
Merit: 1016


View Profile
February 15, 2018, 09:00:22 AM
 #9

Indicators are generally not that good on crypto market. If there is a indicator that makes decisions on FUD, I will probably use it.
Schultz88
Jr. Member
*
Offline Offline

Activity: 210
Merit: 1


View Profile
February 15, 2018, 09:45:00 AM
 #10

Myself prefer to watch more in :

1. Volumes                         : they give me ideas how the situation of the market, are they tend to sell or buy
2. Order Book                     : When the bid is larger than ask, peoples tend to buy and the price will go up
3. Support and Resistance    : this is used to pick spot when you have to buy or sell, as a trader you will need to learn cut loss. but there is another option that you can trade on the other platform and let the coin that you already bought at the first platform come back up.

I hope this could help you.
manggis97
Member
**
Offline Offline

Activity: 476
Merit: 10


View Profile
February 15, 2018, 10:36:33 AM
 #11

Iam also newbie in trading and some expert told me dont use indikator more than 3 different indikator so we not confused. Currently in my trading i used MACD, Moving average periode 20 & 50 and trend line. And this is more than enough for me to decide which level price to buy and sell. All these indikator easy to understand how does it work.

danherbias07
Legendary
*
Offline Offline

Activity: 3122
Merit: 1119


Leading Crypto Sports Betting & Casino Platform


View Profile
February 15, 2018, 12:12:29 PM
 #12

I used to use macd and bollinger bands but now in crypto it's really hard to use indicators as the markets are more open and prone to mass manipulation by pumpers and dumpers and the big whale private groups where whales dictate daily how to move the markets and create and generate FUD and HYPE on twitter and other social media outlets including of course the mainstream media which is also at their disposal. I have given up using the charts to be quite honest and just invest n projects I believe might have some up side.

Then I guess what he says doesnt work anymore?
I am sorry I dont know about thst boll and Macd. I just use my instincts and I agree with what you say.

A lot of effects came from the dumpers, panics and also new buyers.
I guess there will be no application that can help you accurately when it comes to trading.
Still I would prefer to make my own choice without regrets.
I los lot but somwhow getting it back and I didnt depend on anything. Just news and some advice from friends.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
el kaka22
Legendary
*
Offline Offline

Activity: 3514
Merit: 1162


www.Crypto.Games: Multiple coins, multiple games


View Profile
February 16, 2018, 08:06:09 AM
 #13

First of all, no matter the indicator you use, you cannot always get it right 100%, even in any market. Secondly, you cannot even make use of one indicator to make a decision, so you may need some couple of indicator as well as some analysis to pull off a trade. Sometimes, conditions or some factors may just change the whole trade, which is why having your stop loss at some specific spot is very important.

I make use of a lot of indicators depending on the level at which I just want to be certain before making a trade, most especially in the moments of a wide correction like the one we just had. Personally, depending on what I am looking for, MA, Parabolic SAR, RSI, MACD and DMI for trend following, while Fib and Bollinger are the main indicators I use for swings and for general view of the market, I make use of the volume and order book as well.
True! Like a pro trader always say, you can never get it right 100% of the time, so do not try to do that as you will even end up affecting your own level of decision making.

There is always room for some errors to just happen or the market to just switch based on some factors not in anyone's power, most especially in the cryptocurrency market. I also make use of various indicators, since I am always after trend following as well, but I focus more on MACD, RSI and MA. I do a little bit of swings too with Bollinger but just few of the time.

No single indicator works, as sometimes you just need to combine a whole lot of them to ascertain your position in the market.  However, depending on the style of trading that I want to do, I may have to readjust and make use of Bollinger, most especially for swings, as I tend to get the best with it while judging with the candles.

█████████████████████████
███████▄▄▀▀███▀▀▄▄███████
████████▄███▄████████
█████▄▄█▀▀███▀▀█▄▄█████
████▀▀██▀██████▀██▀▀████
████▄█████████████▄████
███████▀███████▀███████
████▀█████████████▀████
████▄▄██▄████▄██▄▄████
█████▀▀███▀▄████▀▀█████
████████▀███▀████████
███████▀▀▄▄███▄▄▀▀███████
█████████████████████████
.
 CRYPTOGAMES 
.
 Catch the winning spirit! 
█▄░▀███▌░▄
███▄░▀█░▐██▄
▀▀▀▀▀░░░▀▀▀▀▀
████▌░▐█████▀
████░░█████
███▌░▐███▀
███░░███
██▌░▐█▀
PROGRESSIVE
      JACKPOT      
██░░▄▄
▀▀░░████▄
▄▄▄▄██▀░░▄▄
░░░▀▀█░░▀██▄
███▄░░▀▄░█▀▀
█████░░█░░▄▄█
█████░░██████
█████░░█░░▀▀█
LOW HOUSE
         EDGE         
██▄
███░░░░░░░▄▄
█▀░░░░░░░████
█▄░░░░░░░░█▀
██▄░░░░░░▄█
███▄▄░░▄██▌
██████████
█████████▌
PREMIUM VIP
 MEMBERSHIP 
DICE   ROULETTE   BLACKJACK   KENO   MINESWEEPER   VIDEO POKER   PLINKO   SLOT   LOTTERY
alisaadat60
Jr. Member
*
Offline Offline

Activity: 87
Merit: 2


View Profile
February 16, 2018, 08:09:08 AM
 #14

I don't use indicators,I think that's good for day trading, and I'm not a day trader.
I trade fundamentally
metenjean
Full Member
***
Offline Offline

Activity: 854
Merit: 140



View Profile
February 16, 2018, 08:36:36 AM
 #15

I dont really feel like calling it indicator exactly because mostly i use trendline to manually draw the chart and using it as support and resistance, the other lagging indicator i used was SMA (Simple Moving Average) 200 which i used only to rate the market trend. I dont like the thought of using orderbook or volume to guessing the market movement as we know that there are lots of exchanger and each of them has different slight movement which is why the idea of cryptocurrencies market are not centralized. Its not like NYSE or COMEX which most volume already being gathered in 1 place, other than reading the market volume using orderbook i prefer more to candlestick movement  Grin Grin
micleeiu398
Full Member
***
Offline Offline

Activity: 219
Merit: 101


View Profile
February 21, 2018, 12:39:36 PM
 #16

I used to use macd and bollinger bands but now in crypto it's really hard to use indicators as the markets are more open and prone to mass manipulation by pumpers and dumpers and the big whale private groups where whales dictate daily how to move the markets and create and generate FUD and HYPE on twitter and other social media outlets including of course the mainstream media which is also at their disposal. I have given up using the charts to be quite honest and just invest n projects I believe might have some up side.
I do swing trading a lot, so with that I always stick to Bollinger while making use of the candles to make my decisions. Most times, it has always worked for me and I always get so much from it. Also, if I am in the mood of trend following, MA and FIBs always help me do the trick. MACD is always necessary for me sometimes if I want to check divergence on some charts, just which in cryptocurrency sometimes, can just end up going haywire.
nelsledma
Sr. Member
****
Offline Offline

Activity: 572
Merit: 250



View Profile
February 22, 2018, 05:53:13 AM
 #17

In cryptocurrency I don't use a lot of indicators, I use :
1. Market Depth
2. Order Book
3. The Last Trades
4. Volume
5. Fibonacci for support and resistance

You need to understands trends if looking for long term period.
Trends are even the easiest to follow in a market and most especially for those who are just starting. I do trend following a lot and the best indicators that have always helped me to achieve this easily are the MA, P-SAR, and MACD. With that I am always in a very good position in the market and even if the market decides to have a rethink, I do not always bother as my stop loss is always in place. It is always one good thing to be able to have a strategy with these indicators.
omonuyak
Sr. Member
****
Offline Offline

Activity: 882
Merit: 269



View Profile
February 22, 2018, 06:45:15 AM
 #18

I always use BOLL in Binance. For me, it gives me the signal of when to buy or when to sell, when I am doing  a Day Trading. It has a help of StochRSI so I can see the movement of my altcoin. It helps me to determine whether the price is going to go up, or drop. I sometimes use MACD. Especially if I feel like having a long sleep at night or spend a long time with my family and friends. How bout you? Can you share yours so everyone, especially the newbies, can have an idea. You can even share HOW if you want to.  Roll Eyes Grin Cheesy
Nice technical indicators you have listed but this are not going to give you success in trading. trading is a combination of fundamental, technical and setimental analysis and you must used and indicators that can interpret all of them at the same time. Candlesticks chart patterns give you all the information about the three analysis and learning how it works is a must if you really want to succeed in trading cryptocurrencies.
Niya
Hero Member
*****
Offline Offline

Activity: 811
Merit: 512


Enhalo Mining


View Profile WWW
February 22, 2018, 08:31:24 AM
 #19

There's Cindicator which is a good app: https://bitcointalk.org/index.php?topic=2062875.0
lantan81383628
Jr. Member
*
Offline Offline

Activity: 168
Merit: 2


View Profile
February 22, 2018, 08:45:16 AM
 #20

I always use BOLL in Binance. For me, it gives me the signal of when to buy or when to sell, when I am doing  a Day Trading. It has a help of StochRSI so I can see the movement of my altcoin. It helps me to determine whether the price is going to go up, or drop. I sometimes use MACD. Especially if I feel like having a long sleep at night or spend a long time with my family and friends. How bout you? Can you share yours so everyone, especially the newbies, can have an idea. You can even share HOW if you want to.  Roll Eyes Grin Cheesy

Indicators are generally not good in the encryption market.

I usually watch the trading volume increase of 24 hours. If it is a short-term transaction, I buy it in red and sell it in green.
Knepala
Sr. Member
****
Offline Offline

Activity: 504
Merit: 259



View Profile
February 22, 2018, 10:00:18 AM
 #21

I mostly use Bollinger and candle stick analysis. Also RSI en EMA.

Pages: 1 2 [All]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!