Are you using trading indicators?

[el kaka22]

I used to use them a lot, now I just use indicators to see where the market "should" go, and not trade only looking at them. Of course that is a good thing but it is not enough. I have seen a good explanation for this, the north star will show you where the north is, but it will not show you the obstacles along the way, you may go left and right time to time before you continue go towards north, and indicators only show you north, and not show you those obstacles.

If you consider that during trading and make sure that you are looking at the right direction but take the path with least resistance, then you will be profiting a lot more.

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[milewilda]

indeed every trader has a different strategy to be able to profit in their trading, whether it's using indicators or reading news, from social media or from any source, the most important thing is that they can understand how to make good trades and can make profits, over time Of course, over time, you will definitely be able to analyze market prices and be patient or sometimes get caught in the trade, I'm sure if you can keep trying and don't give up easily, we will definitely be successful.

The market is very bad here but the traders are here to be successful and they are looking for ways to make a profit here but they are using everything in the market to find a way to make a profit here.  And there they have confidence but that too I think it's important, but there are a lot of options to choose from, but of course there's one that will help you the most, but there's always a lot to choose from for treading.

Market is unpredictable and there's no way that you could really able to predict on what's ahead because it is really that on random when it comes to that kind of behavior on which this had been the typical thing that's why using up indicators or any tools is something that relevant or it's a must because making out decisions on random manner or guess is just really some pure gambling which we know that it isn't something sustainable for longer runs.

[Desmong]

I have been using trading indicators for long now and I see it as a good technical to get more understanding about the market. Just like using trendlines and other indicators like moving averages, rsi and other trend indicator is a good step to filter market noice. Indicator can help in the case of uncertainty and market ranging. I see indicators as tools that can help determine market direction whether upward or downward apart from using other analysis.

[sklopan]

Honestly, I try to do it as little as possible. Although, I do not completely exclude it from my work strategy.

[Rufsilf]

I used to use them a lot, now I just use indicators to see where the market "should" go, and not trade only looking at them. Of course that is a good thing but it is not enough. I have seen a good explanation for this, the north star will show you where the north is, but it will not show you the obstacles along the way, you may go left and right time to time before you continue go towards north, and indicators only show you north, and not show you those obstacles.

If you consider that during trading and make sure that you are looking at the right direction but take the path with least resistance, then you will be profiting a lot more.

It is the fact that the majority of the traders are using these trading tools for they/we know that it was effective and was noticed to increase our chance to make a profit. But then, it doesn't mean that we can just be so easy about it, we also have to choose the one that we think will work on our end as many trading tools exist, but not all of them are effective.

I use only 2-3 trading tools, I can certainly find the difference in the time that I'm not using any of them...that seems too far.

[Quidat]

Honestly, I try to do it as little as possible. Although, I do not completely exclude it from my work strategy.

Little as possible? If you are pro then you could do almost naked trading but when you are just starting up or simply being noob then better make use of different indicators yet it would really be that relevant
nor that helpful towards your trading and if you do find it to be that helpful then why would need to lessen up as much as you can or little as possible? It is something that mind boggling kind of condition. 
Indicators are indeed helpful if you do know on how to read on them because not all would really be knowledgeable when it comes to technical analysis or even with fundamentals.

[savetheFORUM]

I used to use them a lot, now I just use indicators to see where the market "should" go, and not trade only looking at them. Of course that is a good thing but it is not enough. I have seen a good explanation for this, the north star will show you where the north is, but it will not show you the obstacles along the way, you may go left and right time to time before you continue go towards north, and indicators only show you north, and not show you those obstacles.

If you consider that during trading and make sure that you are looking at the right direction but take the path with least resistance, then you will be profiting a lot more.

I am new to indicators and stuff because I never believed something can predict the market as unstable and explosive as cryptocurrencies. But after reading multiple threads, articles and listening to some guys on YouTube finally I am trying to understand how exactly these work and how we can benefit from using some of them.

I hope I can at least understand just basics like which way the market will move and then I can use my own understanding and predict how much it should move. Right now the biggest challenge I am facing when trading cryptos is that the market always moves in the opposite direction I feel and predict. It's almost like gambling sometimes and I want to ensure that it can be analysed somewhat at least. I know analysing the market accurately is impossible even for the biggest traders unless they just manipulate the market using institutional funds.

[Zilon]

I have used RSI, Bollinga band and Moving Average but i came to discover i interpret moving averages and RSI better. Although sometimes this indicators move faster or slower than the trend which will require setting back this indicators to suit the market formation. But in all indicators are helpful it either support a trend or show a possible reversal which might not occur immediately. I see indicators as a key part of market analytical tool

[Hamphser]

I used to use them a lot, now I just use indicators to see where the market "should" go, and not trade only looking at them. Of course that is a good thing but it is not enough. I have seen a good explanation for this, the north star will show you where the north is, but it will not show you the obstacles along the way, you may go left and right time to time before you continue go towards north, and indicators only show you north, and not show you those obstacles.

If you consider that during trading and make sure that you are looking at the right direction but take the path with least resistance, then you will be profiting a lot more.

I am new to indicators and stuff because I never believed something can predict the market as unstable and explosive as cryptocurrencies. But after reading multiple threads, articles and listening to some guys on YouTube finally I am trying to understand how exactly these work and how we can benefit from using some of them.

I hope I can at least understand just basics like which way the market will move and then I can use my own understanding and predict how much it should move. Right now the biggest challenge I am facing when trading cryptos is that the market always moves in the opposite direction I feel and predict. It's almost like gambling sometimes and I want to ensure that it can be analysed somewhat at least. I know analysing the market accurately is impossible even for the biggest traders unless they just manipulate the market using institutional funds.

When i was still new on crypto then i do already have that forex trading knowledge which do means that im much aware about technical indicators and on the time i do make out some trading involvement then i could

say that technicals arent really that precise compared on forex market but now it seems that it do really follows sometime here on crypto space which i do presume that its getting better i must say
where TA's do bit off at least which is really totally different into those early years.

Its suicide if you dont make use of any indicators once you do make out some trading.

[lixer]

To be honest, I try to use as little as possible. And then, as a result, it becomes quite difficult to make a decision on your own.

Not saying you should always use indicators but if you haven't tried them yet, I strongly suggest you use them if you are trading for the short term such as buying and selling the same asset within days or weeks. If you are into long term trading then just the fundamental analysis and scalability of the project should suffice.

Indicators aren't always bad as depicted by some traders. Indicators just help you understand how the market is behaving now and then it's up to the trader if they can use it to their advantage or make matters worst for themselves. I prefer indicators over those fake telegram signals.

Indicators in general are more effective and efficient in stocks market because the volatility is low and the price movement is very limited.

[Ziskinberg]

I have used RSI, Bollinga band and Moving Average but i came to discover i interpret moving averages and RSI better. Although sometimes this indicators move faster or slower than the trend which will require setting back this indicators to suit the market formation. But in all indicators are helpful it either support a trend or show a possible reversal which might not occur immediately. I see indicators as a key part of market analytical tool

That was supposed to be, they are used to make market analysis.
These trading tools that you have mentioned are very common to traders, they are effective and a useful tool that helps greatly to understand the market situation and make decisions.

I do trading without any of these tools before but the truth is that it was really hard to make predictions and analyses without basis, we can't just put trading in a guessing situation indeed, it needed such tools it enhances our gaining chance.

[sensimilia]

Traders will indeed find a way to succeed and make a profit despite the volatility of the market. They use everything that is available in the market, in fact, the use of indicators is not the only thing available and could give assurance for them.
News, price charts, indicators...so many options to choose from but, of course, will choose the one that could help us most. RSI, MACD, and a lot of trading indicators, however, not all of them are effective.

But what I see that we needed most is to improve our TA, skill, and decision-making.

We have this suitable trading here but if we keep looking here what we can notice is the eyes here but many will be used on whether we were used and it will cost a penny when we test this trading system.We can learn a lot about that but if we want to know a lot about the market here then we have to be active here and keep an eye on everything then we can learn a lot from here and learn a lot

[tygeade]

Market is unpredictable and there's no way that you could really able to predict on what's ahead because it is really that on random when it comes to that kind of behavior on which this had been the typical thing that's why using up indicators or any tools is something that relevant or it's a must because making out decisions on random manner or guess is just really some pure gambling which we know that it isn't something sustainable for longer runs.

That random and unexpected stuff (like luna crashing for example) is the main reason why crypto is so profitable to be fair. Because, regular stocks and other stuff will not be that much unexpected and we all know what is going to happen with them and even though the market crashes, that impacts crypto as well so it is not that much of a difference.

However, because bitcoin is so volatile and there are unexpected stuff, we never know when we should invest, and the moment when it does nothing unexpected and just goes up, everyone profits from it. This is why not many invest, and only few make that profit when the timing is perfectly set. You should always be ready for that up, because it will come one day or another.

[sklopan]

I read about it many times and understood that in general it can be interesting and even profitable. But to be honest, I did not dare to use it yet. In addition, much depends on the quality of the signals.

[SirLancelot]

It is the fact that the majority of the traders are using these trading tools for they/we know that it was effective and was noticed to increase our chance to make a profit. But then, it doesn't mean that we can just be so easy about it, we also have to choose the one that we think will work on our end as many trading tools exist, but not all of them are effective.

I use only 2-3 trading tools, I can certainly find the difference in the time that I'm not using any of them...that seems too far.

It is certainly a fact that trading without indicators is a complete waste of time in the market. It’s kind of like driving a car without side mirrors, you can imagine that right? How do you navigate through such a car, it’s probably the most stressful and nearly impossible thing you can do.

The market is almost always 90% of the time very unpredictable, and it gets very difficult to make any relevant trading decision that would yield money. Hence, trading indicators are very relevant if a trade must stand any chance of being successful.

[xSkylarx]

I only do scalp trading so I don't usually use many indicators such as RSI, FIB, BB, etc. Moving Average or MA is enough for me to trade at 15 minutes timeframe. My buying and selling indicators are the 3 MA's that I use.

I think it depends what kind of trader you are, some people that trade in higher timeframes use many indicators to backup their predictions about the market. Learning many indicators is a must especially if you plan to trade full time with high amounts.

[sklopan]

To be honest, I try to minimize the use of indicators in the course of my work. I think that it is more important that the trader himself is better able to understand the market.

[milewilda]

To be honest, I try to minimize the use of indicators in the course of my work. I think that it is more important that the trader himself is better able to understand the market.

Then how you would understand the market? You cant just see charts without having indicators yet you said that you are trying to minimize on making use of it?
Its impossible for someone to understand without having these technicals unless if you are really that good enough then you could able to read up the market
condition via naked trading but  we do all know that it would really be that relevant on making use of these tools for you to clear out on what are
the things that do happen.

[Awaklara]

I always look at trading indicators to do something when I trade on exchanges especially for futures trading and so far it is still very helpful to be able to get a fairly high benefit even though there are losses, but using Trading Indicator really helps me to make decisions when I trade with basic indicators such as EMA, RSI, MACD also really helps me to be able to provide trend trading signals and provide warnings about reversals even though there are some premium indicators that are quite accurate and I also use these indicators to see market predictions.

[SirLancelot]

To be honest, I try to minimize the use of indicators in the course of my work. I think that it is more important that the trader himself is better able to understand the market.

But, how you can you be able to understand the market more effectively if without the help of indicators? What you are going to do, predict the market 100 percent? I know that traders are also predicting but it was not totally but they are using some tools like indicators to help predict more accurately.

If you are only investing then I think you won't be using indicators at all time or it's fine to not use them at all but investors have a different way of predicting the market. They are using fundamental analysis the most (not technical). It's where you based your predictions on news, speculations and similar events. This is why many people prefer it as its more easier.