ForexinDevon
Member
- Messages
- 82
- Likes
- 2
What are your favourite trading indicators/oscillators?
(please list more than one if appropriate)
(please list more than one if appropriate)
Favourite Trading Indicators?
- Thread starter ForexinDevon
- Start date
- Watchers 8
D
Dowser
EMAs and Keltner Channels
I use only MA's but squeeze as much as possible from them, for example -
fast/intermediate/slow MA sequence
price above/below slow MA
fast/intermediate MA crossover
intermediate/slow MA crossover
intermediate MA slope up/down
count of recent consecutive weekly bars unbroken by intermediate MA
count of recent consecutive weekly bars closing above/below slow MA
count of recent consecutive weekly bars closing above/below intermediate MA
count of weekly bars closing above/below slow MA in last 6mths
% of weekly high, lows and closes above intermediate MA in last 6mths
I take trend-following trades only, I don't day-trade.
In general, I believe an indicator has to do three things to earn its place -
1. tell you something you can't already see
2. has to be selected to match your strategy
3. has to impact your trade entry/exit decision and/or position size
fast/intermediate/slow MA sequence
price above/below slow MA
fast/intermediate MA crossover
intermediate/slow MA crossover
intermediate MA slope up/down
count of recent consecutive weekly bars unbroken by intermediate MA
count of recent consecutive weekly bars closing above/below slow MA
count of recent consecutive weekly bars closing above/below intermediate MA
count of weekly bars closing above/below slow MA in last 6mths
% of weekly high, lows and closes above intermediate MA in last 6mths
I take trend-following trades only, I don't day-trade.
In general, I believe an indicator has to do three things to earn its place -
1. tell you something you can't already see
2. has to be selected to match your strategy
3. has to impact your trade entry/exit decision and/or position size
For how long have you been testing it? Do you find it useful?
Only just using it in an organised way but have been for about a year eyeballing it to add some buffer to my stops so they don't get hit by daily volatility. I like Rayner Teo's video clips and he regularly adds about one ATR to his initial TA-based entry-SL distances.
I'm currently using a SL for each forex trade at 2 x ATR20 from entry. This might turn out to be too conservative but I'd rather start cautiously. Also trialling adding a pyramid trade at 0.5 x ATR20 profit. So far so good.
I'm currently using a SL for each forex trade at 2 x ATR20 from entry. This might turn out to be too conservative but I'd rather start cautiously. Also trialling adding a pyramid trade at 0.5 x ATR20 profit. So far so good.
ForexinDevon
Member
- Messages
- 82
- Likes
- 2
How's it going?
ForexinDevon
Member
- Messages
- 82
- Likes
- 2
Are you a full time trader?
So far so good. A volatility-related SL seems rational and might be more successful than my usual approach, which is strictly TA-based, using swing day highs/lows. The pyramid level at +/-0.5 x ATR20 might be aggressive as its a fairly short travel distance from entry but I want to capture those quick moves. Doesn't rely on a specific entry pattern. I only trade long-term so I'm definitely not full-time, can't think of anything worse personally - unless it might be going back to work in an office again.
ForexinDevon
Member
- Messages
- 82
- Likes
- 2
I couldn't go back to normal work, I would hate it.
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,144
all of them and none of them ......
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,144
very logical Tom....keep going in that direction
trading is all about probability..... as you already well know
N
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,144
I last sat in big corporate offices F/T about 4-5 years ago now after some 30 years of doing it.........I miss the banter and the routine ....but I generally hated it when i was doing it ......the natural human reaction !
now i work from Home ......trading and other consultancy work ....BUT....I hate sitting in a room on my own for hours.....regardless of how sucessful or rewarding it is ....
so i try to limit it much more now ....
N
As do I.
All you need is your phone, forget the laptop
Sharedvalue
Newbie
- Messages
- 4
- Likes
- 0
I'm not really a fan of indicators, but more of price action. Sometimes I use 'Ichimoku', although I'm not really experienced with it and still have a long way to learn it. OBV (On-Balance-Volume) is also a nice indicator I use from time to time.
