Are you using trading indicators?
Are you using trading indicators?
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?
Just like you I was using RSI to determine if it is overbought or oversold as well as looking for divergences that may indicate if it was a bullish or bearish market. Different traders have different kind of analysis some users only rely on support and resistance and candlestick movement but that doesn’t mean that it is not effective. So yes I am using indicator and it help me to understand more what the market is telling.