Are you using trading indicators?

[adaseb]

Trading indicators work well if you are in some trend, they don’t work well when there is chop which is what we are experiencing right now.

We peaked in Nov and it keeps dipping and dipping. So right now i would say trend is down. However we had a failed low on the daily and had good momentum on the invasion news. So right now it’s tricky what will happen.

Needs to break the daily pivot to the upside and then we can look for longs.

[traderethereum]

Yes, but I do not use many indicators as I am not a pro trader.
I used RSI, MACD, and Bollinger but I do not set it too often and just leave it as default.
Besides that, I do not trade too often at this moment instead just buy low and hold because the market is unpredicted and if I am still trying to trade, I am worried I can not make a profit.
I consider indicators help me analyze where the line will go, but if I feel it is hard to analyze, I prefer to watch because that will be a good way to save money in the next downtrend.

[Mpamaegbu]

I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

Trading without indicators is like sailing a ship without a compass. That's pure blind sailing and gambling when it comes to trading. Relying on candlestick formations alone may get you a few wins but it won't last. It will eventually wreck the trader. For instance, a Doji on a support or resistance is possibly signifying a reversal but a Doji on no support or resistance region is obviously a fakey, just to shake off traders. Indicators beyond candlesticks is the way to go. I rely on support and resistance lines.

[Ryker1]

^[snip]

If you are using indicators for trading, which ones have you used that make a good trades for you?

Well I know how to use indicators but I do not often use them because I know none of them to give accurate results. I am better to use a fundamental strategy that is relying on news and other events that usually market react and I know the behavior of the crypto market. There are none of them, that will predict the right price so considering indicators are useless for me --somehow, there are instances that are relatively close to the trading indicators but it technically, it is always unpredictable.

[tygeade]

Trading indicators work well if you are in some trend, they don’t work well when there is chop which is what we are experiencing right now.

We peaked in Nov and it keeps dipping and dipping. So right now i would say trend is down. However we had a failed low on the daily and had good momentum on the invasion news. So right now it’s tricky what will happen.

Needs to break the daily pivot to the upside and then we can look for longs.

To be fair, I never understand how people use indicators in a market as volatile as Bitcoin market is. I agree these indicators can help you get an idea of which way the market will move but seriously, I have never met a single trader who can predict how the market will move consistently. There are times when you can predict the market based on news and bans/acceptance but otherwise, it doesn't work.

Is there a single trader on this forum who can confidently predict the market movement using indicators? Would be glad and interested to see if there are any such traders.

[joeperry]

Trading without indicators is like sailing a ship without a compass. That's pure blind sailing and gambling when it comes to trading. Relying on candlestick formations alone may get you a few wins but it won't last. It will eventually wreck the trader.

I agree with your statement. Without indicators and relying only with the candle stick I really think that it is not a trading and it is more of a gambling. I see some users who trade without indicators and only using trending lines and support and resistance, at some point, yes it is effective but it wouldn't last and using indicators will give you more information and accurate analysis. Beside, indicators are free why some people don't want to use it? or probably they don't know how to use it in their trades?

[Ararbermas]

I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

If you are using indicators for trading, which ones have you used that make a good trades for you?

yes I'm using indicators and for me the best indicators are MACD and RSI and they are helpful especially through scalping..
And so far so good but i used to trade only when there's a divergence in RSI and when i see a good volume and sort of sign in MACD.. they're very easy to use and to understand to be honest compared to other indicators.

[jrrsparkles]

To be honest indicators won't work all the time and even with different indicators we will get different predictions so its just for the prediction and expect it to market move in that way, most of the traders who trade more often has to rely on something which can be indicators and signals. Literally I tried and worked as well but since I am long term trader I don't give importance to them a lot.

[pawanjain]

It is quite a while I have been on this forum, I have noticed some people saying they are not using trading indicators for trading, some people highly recommend people to use indicators. As for me, I have noticed to better draw lines or just carefully look at the candle sticks which significantly got me many information about the next steps to take. Out of all the indicators, I have preferred the RSI but which I can still also predict from the candle stick and I like drawing lines which can easily indicate the extent market increase or fall.

I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

If you are using indicators for trading, which ones have you used that make a good trades for you?

RSI is one of the core indicators that most of the traders you. Along with that I also prefer to use MACD for more insights.
EMA and trend lines are the basic indicators which helps us understand more about the price action.
So these are the indicators which I generally use for trading.

[Sled]

Trading indicators are a helping tool to make a good market analysis, TA in general.

If you are using indicators for trading, which ones have you used that make a good trades for you?

https://www.investopedia.com/articles/active-trading/101314/top-technical-indicators-options-trading.asp

But I only use the RSI(Relative Strength Index) indicator which seems to be the best option for me. Simply checking on the price trend of a certain coin will help up to decide when to buy and when to sell. I use this strategy for quite a long time and I was really comfortable using this. Well, to try others is not wrong, that actually it helps more but I'd choose to focus on one.

[sarmrakib]

I have started my trading life with the fresh chart ,I always try to read every candle and try to predict the next candle to enter on the market .I have seen many of my friends to do trading with indicators i think they feel comfortable with that but i am not .Its make me error to predict the market .I don't even use RSI .However its my tricks to read every candle you might follow if you wanna to do it .I think it will be more easy to read the fresh chart and Japanese candlestick says a lot about market movement .That's why i follow this trick and i can make profit on this way but not to suggest you ,If you feel indicators helps you to get profit .Its actually depend on you on which tricks you will make to follow .

[palle11]

I have started my trading life with the fresh chart ,I always try to read every candle and try to predict the next candle to enter on the market .I have seen many of my friends to do trading with indicators i think they feel comfortable with that but i am not .Its make me error to predict the market .I don't even use RSI .However its my tricks to read every candle you might follow if you wanna to do it .I think it will be more easy to read the fresh chart and Japanese candlestick says a lot about market movement .That's why i follow this trick and i can make profit on this way but not to suggest you ,If you feel indicators helps you to get profit .Its actually depend on you on which tricks you will make to follow .

I hope you don't use only candlestick? Candlestick is good for longtime but at the short time you have to follow on what the market is doing. But you need to support candlestick with other indicators like RSI. Japanese candlestick may be taking over by volatility, so at such point when a candle close for continuing direction, it can change for the opposite direction because of volatility.

[tbterryboy]

I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

I used them in past and yes it helps but nowadays it's too unpredictable and the indicators don't help as much. I am especially more active in the altcoins market due to the high potential of growth, and that market is more based on fundamental analysis than technical.

It would be good if we had some experienced traders here who could teach us how to use indicators and which ones are good. I have to visit youtube and google search for basic trading knowledge sometimes which sucks. There are many courses but I don't know which one is solid and trusted. I won't mind paying $100 a month to learn some advance trading from an experienced trader who has done it all.

[GreatArkansas]

Trading indicator for me is like using a hammer instead of stone when you are building a house like you can make nail works using stone and hammer at the same time but it seems efficient and convenient to use a hammer, right?

There are a lot of trading indicators and the most I hate are those lot of trading indicators that will make your chart messy, I am just using some basic trading indicators because there are some indicators that are based on those basic indicators.

[maydna]

I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

If you are using indicators for trading, which ones have you used that make a good trades for you?

Yes, I use indicators for trading because with indicators, at least I can find an entry point to start trading. Whichever indicator you use, make sure you know how to use it to get more opportunities to trade, although it also depends on how well the market and the coins are moving.

Using the RSI can determine when we will enter the market and place a buy or sell order. But maybe if you add MACD and MA, you will be able to find other information that might be more specific. It all depends on the ability of each trader because we have different skills, and maybe we also use different indicators.

[palle11]

Using the RSI can determine when we will enter the market and place a buy or sell order. But maybe if you add MACD and MA, you will be able to find other information that might be more specific. It all depends on the ability of each trader because we have different skills, and maybe we also use different indicators.

These indicators mentioned take some time to be understood. They are not just indicators that we can fly into and understand within few days of trading. MACD itself is a little difficult to be used., it takes time because of its make up and not everyone like to use it. I prefer RSI and MA to make my trading a little lighter for easy analysis.

[savetheFORUM]

Trading indicator for me is like using a hammer instead of stone when you are building a house like you can make nail works using stone and hammer at the same time but it seems efficient and convenient to use a hammer, right?

There are a lot of trading indicators and the most I hate are those lot of trading indicators that will make your chart messy, I am just using some basic trading indicators because there are some indicators that are based on those basic indicators.

It's okay to use stone for small activities but when it comes to building a house, it's not efficient. Those that don't use indicators are not real traders but they can be investors because investing is more easier, you can buy and sell without needing the use of complex tools like what you're doing with when you do trading.

Different kinds of indicators won't be there or won't be invented for no reason. They are not built to make traders more confused but they can be used by professional traders that are already bored by the basic indicators. They are just upping their game, they want more challenge so they use harder indicators. No need to copy them but you can stick on what makes you comfortable.

[awik p]

In doing technical analysis I use the moving average indicator combined with the stochastic. but I also draw using trend lines to analyze buy or sell areas. So far I think these indicators help in determining when to enter the market or when to leave the market. because all that is presented by the indicator is a valid signal, then we must understand the weakness, so that we can do a cutloss when the indicator does not work

[Mahanton]

In doing technical analysis I use the moving average indicator combined with the stochastic. but I also draw using trend lines to analyze buy or sell areas. So far I think these indicators help in determining when to enter the market or when to leave the market. because all that is presented by the indicator is a valid signal, then we must understand the weakness, so that we can do a cutloss when the indicator does not work

Doesnt matter on what technical indicators you would be using because this is actually very situational because there are indicators which are relevant to use on a specific condition
where its up to you whether you do make use of it or would totally be using the other.As a trader then you should really be that versatile towards your actions and possible move or analysis
that you would made.Come to think that not all the times this market does have some news or sentiments which it would be standard for a trader on making use of technicals
to set out their positions whether on a bearish or bullish market.

[hashrateproducts]

Trading indicator for me is like using a hammer instead of stone when you are building a house like you can make nail works using stone and hammer at the same time but it seems efficient and convenient to use a hammer, right?

There are a lot of trading indicators and the most I hate are those lot of trading indicators that will make your chart messy, I am just using some basic trading indicators because there are some indicators that are based on those basic indicators.

Trading indicators are extremely complicated only if you don't get the right item. Trading indicators are mainly use to analyze the chart. Experts use them to Know when a particular coins is going to pump and dump. I simply prefer using signals to trade, because it's not stressful and does not take time compare to when you will be the one doing and drawing lines across chart, Making it complicated. Indicators are highly recommended for easy and correct chart.