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Posted

Re: best indicator

 

use the above EMA setup on 15 M chart and trade below the Pivot if the trend is down and trade only above the pivot "long positions" if the trend is up. Now you have a 100% wining trend following system. have tested this system for a long time with fantastic results.

Ross.

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Posted

Re: best indicator

 

One thing to remember using this trend following system is when a news is published that has a huge contradictory value then the predicted value or some inspected thing has happened(11 september like). in that case just sit back and wait for a while till a new trend has been established.

hope it helps..

Ross.

Posted

Re: best indicator

 

One thing to remember using this trend following system is when a news is published that has a huge contradictory value then the predicted value or some inspected thing has happened(11 september like). in that case just sit back and wait for a while till a new trend has been established.

hope it helps..

Ross.

Steinc v1.5 Goood ;)
  • 1 month later...
Posted

Re: best indicator

 

I believe there's no "best indicator",

just a matter of whether you really know what the indicator is telling and how to use it correctly in different market conditions...

Posted

Re: best indicator

 

I used stochs as my oscillating indicator of choice in the past, but only to see what everyone else was doing, not basing my trades on it, but basing my trades on how other people used it. These were only ever looked at as a support to true price action and never traded from.

 

The only indicators that I look at now on a regular basis are Pivots , a market profile indicator, an average range indicator. All of them are based on price and price action and could be said to be PROBABILITY indicators.

Posted

Re: best indicator

 

I used stochs as my oscillating indicator of choice in the past, but only to see what everyone else was doing, not basing my trades on it, but basing my trades on how other people used it. These were only ever looked at as a support to true price action and never traded from.

 

The only indicators that I look at now on a regular basis are Pivots , a market profile indicator, an average range indicator. All of them are based on price and price action and could be said to be PROBABILITY indicators.

 

 

Now I'm curios about this market profile indicator... can someone post it with explanation... I have no luck with it on net... thank you

 

Barbara

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