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Author Topic: What are you favourite Indicators for trading?  (Read 208 times)
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March 31, 2019, 10:22:01 PM
Merited by dbshck (4), Halab (2)
 #21

RSI being a lagging indicator rarely helps. Most of the time it fails to predict anything so I really don't recommend you use it.
It works if you know what you are doing and what you are looking for. RSI and alongside EMA helped me make roughly 15% profit on one of the trades this week on a coin which is even dumping as shown by the daily chart.

I usually look at that double dip as shown in the first yellow box. As soon as the second dip starts to rise past 30 that's a strong buy signal for me even before the 4 EMA cross over each other to show a bullish trend

Now my target is usually 7% profit but in this scenario the sell signal came at around 15% which i happily took (a 4 EMA crossover and the RSI overbought indication in the second yellow box was enough to convince me to sell). Now tell me how this is a failure to predict?



Remember this is a dumping coin where people can't even think of making a profit


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April 01, 2019, 02:42:27 AM
 #22

Try stochastic RSI and Awesome Oscillator as your indicators in trading. That two are my basis as technical analysis for my trading. I used EMA and MACD before but because of the negative results, I already disregarded it. So far, I am gaining profits with my indicators.
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