ImogenBeaumont
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I’ve noticed that a lot of traders constantly switch indicators when a setup stops working for a while. I’m curious about the opposite: the tools that have stuck with you.
For those using technical analysis, which indicators have actually stayed reliable for you over time?
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Hi i never switch the indicators i use.
The main ones for me are the Rate of Change, the Donchian Channel and the Williams%R..I use these across the various strategies i use
The rate of change to measure the relative strength of asset class and trend, the donchian for risk management, and the williams%R also for trend
Only one, price, price at suport and resistant, price moving up, price moving down, price moving sideways, price moving at different speeds, price moving at different angles, price breaking out, price retracing, price hitting new lows or highs in differing time frames.
Price at different times of day, price at different days of the week. Price at different times of news releases Price at different times of unplanned news. Price compared to prices of other instruments, price compared to the dollar.
Price at different times of day, price at different days of the week. Price at different times of news releases Price at different times of unplanned news. Price compared to prices of other instruments, price compared to the dollar.
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Hello Imogen
I hope you don't mind my using what I believe is your first name. I don't want to be disrespectful
I was taught by an institutional professional to use VWAP and Volume Profile. They provide consistent
value and a stable edge. Interestingly, when my system fails, it is usually me (operator error).
I was also taught to identify "repetitive behaviors" (price patterns that repeat). I realize that this is not
an "indicator" per se, but, it over the years, this technique has also provided a predictive (and stable) edge.
And finally, I have learned to enter trades "early". Again the Professional who taught me (years ago) called
this "Blind Entry", and his reasoning was that this technique although considered "aggressive" provides two
benefits as follows. 1) when you are wrong, you know it right away and can take measures to minimize loss
2) when you are right, early entry maximizes profit, and allows the aggressive trader to exit right about the
time when less skilled operators are entering. While it may seem counterintuitive, remarkably these two
techniques (identifying repetitive behaviors and "blind entries") combine to produce a result that has been
consistent over many years.
I will attach a chart that illustrates (some of) the points mentioned
Good luck
I hope you don't mind my using what I believe is your first name. I don't want to be disrespectful
I was taught by an institutional professional to use VWAP and Volume Profile. They provide consistent
value and a stable edge. Interestingly, when my system fails, it is usually me (operator error).
I was also taught to identify "repetitive behaviors" (price patterns that repeat). I realize that this is not
an "indicator" per se, but, it over the years, this technique has also provided a predictive (and stable) edge.
And finally, I have learned to enter trades "early". Again the Professional who taught me (years ago) called
this "Blind Entry", and his reasoning was that this technique although considered "aggressive" provides two
benefits as follows. 1) when you are wrong, you know it right away and can take measures to minimize loss
2) when you are right, early entry maximizes profit, and allows the aggressive trader to exit right about the
time when less skilled operators are entering. While it may seem counterintuitive, remarkably these two
techniques (identifying repetitive behaviors and "blind entries") combine to produce a result that has been
consistent over many years.
I will attach a chart that illustrates (some of) the points mentioned
Good luck
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