Trend-following indicators - Page 204
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Thread: Trend-following indicators

  1. #2031
    Trader Sascha's Avatar
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    Quote Originally Posted by sniper007 View Post
    They are following the market movement and then it is that of the trader to make good use of the market movement and make analysis. I make use of bollinger band and I don't wait for the bollinger band to give me a good perfect trading signals, but what I do is that I analyse the opportunity it has given to me and then take only the best one which seems to be profitable.
    many of traders believe on something that still working for them. soon after they find out that their usual setups not working, traders will start finding some solution which one of them is to change the way they think about market and how to analyze it with different methods. this what i've done with my trading from when i used to trade with indicators until now i starting to trade with news. somehow it's good to stick to something you understand, for now.

  2. #2032
    Moving average has been find so effective in determining the market trend and there are so many different ways by which it can be used . Some traders use 50EMA on daily time frame to decide the trend , if the price is above it , they consider the market bullish and if price is below it they consider the market bearish . That may not work perfectly all the times but at least it can give a trader fair ideas of where the market may be heading to . If you have a naked chart on higher time frames , you can even determine the prevailing market trend without using any technical indicators

  3. #2033
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    layigold, this is wrong to use 50EMA on daily time frame, from my experience this is good for 1h time frame or can use max on 4h time frame with 100 EMA is more better, but using bigger on bigger time frame is better, we need to understand its working, bigger EMa will be slow so how we can use them on smaller time frames which are fast? it will surely give us wrong signals if we know working of indicator we can decide easily when and how to use

  4. #2034
    The indicator that I think we should make use of for trend is moving average. However, if you are good with the use of support and resistance, then I can say that you don't need the indicator, because with price action support and resistance and the combination of candlestick, you could get to know how to take trades, when to open an order and when not to.

  5. #2035
    Trader Sascha's Avatar
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    Quote Originally Posted by Makaveli View Post
    The indicator that I think we should make use of for trend is moving average. However, if you are good with the use of support and resistance, then I can say that you don't need the indicator, because with price action support and resistance and the combination of candlestick, you could get to know how to take trades, when to open an order and when not to.
    moving average is following market trend. i could agree more if moving average indicator is better to be used for trend breakout by taking their crossovers as the signal to trade. other than that, i always ignore and focus on my strategy by using news as my trend indicators. many news i've been trading in high impact did great movement in market with temporary effect or long term effect.

  6. #2036
    Quote Originally Posted by Sascha View Post
    moving average is following market trend. i could agree more if moving average indicator is better to be used for trend breakout by taking their crossovers as the signal to trade. other than that, i always ignore and focus on my strategy by using news as my trend indicators. many news i've been trading in high impact did great movement in market with temporary effect or long term effect.
    Moving average is a good indicator but now a days I am focusing more on bollinger bands, which also has moving average as its middle band. Further trend has always been my favorite kind of trading and I am certain that it is better way of trading than scalping or even swing trading. As I understand bollinger bands it can helps us to trade intraday and also to trade the trend.

  7. #2037
    Defensive stops are set by utilizing a stop-loss order in the trading platform. This is an order which consequently shuts your position if the price of the benefit goes the other way and falls or ascends over a predetermined level, which you would prefer not to surpass. Therefore, stop losses are imperative in ensuring the money you have contributed and most expert traders agree that all sections must have an untouched defensive stop under all conditions.

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