Indicators for staying in an uptrend (daily)

[monkey180]

Hi there,

I am looking an indicator that helps you stay in an uptrend, and smoothes out down blips in an otherwise uphill trend, day swinging the FTSE btw.

I like to keep the date on the MID

Other than slowing down the MCAD, and Stoc Ssl I cannot think of any other indicators.

Am I right in staying that they are all pretty much the same, MA, MCAD, RSI ect.. and work of averages.


Thanks

 

[Black Swan]

do you mean an indicator that helps to keep you in the trend (bullish or bearish) and helps avoid trading through consolidation?

 

[monkey180]

Hi there,

A bull market, and please explain what consolidation is?

Thans

 

[sweet chill]

Hi there,

A bull market, and please explain what consolidation is?

Thans

Your showing a vendors badge, surely you must now what it is

If you don't know the difference between a bull and bear market, I'd give up now

 

[Black Swan]

Your showing a vendors badge, surely you must now what it is

If you don't know the difference between a bull and bear market, I'd give up now

Ooff..harsh but equally I'd be as worried re. not 'getting' consolidation, until I got that concpet I gave hundreds of those darned 'ickle pips back to mr market..

 

[monkey180]

Are they not just breakouts, well the breakout happens after the consolidation, or gets squeased

 

[gamma]

Forget indicators just watch the price action and see if it is breaking new highs and whether it is staying above the previous hourly/4 hourly lows

 

[Splitlink]

Forget indicators just watch the price action and see if it is breaking new highs and whether it is staying above the previous hourly/4 hourly lows

I agree, although I got worried this morning with Footsie, getting near a 20 point stop before it reversed down.

Indicators , this morning, would not have helped me at all and only complicate the problem, IMO.

 

[gamma]

I agree, although I got worried this morning with Footsie, getting near a 20 point stop before it reversed down.

Indicators , this morning, would not have helped me at all and only complicate the problem, IMO.

hi Spitlink,
I don't trade the footsie,
But had a similar on cable, where it reversed back down 50 odd points,
However the previous candle length was 90 points.
Once up 75 points its good to run a trailing tp
No point waiting for it to go back down 80 odd points to test whether it will break the low.
As regards indicators nothing was of any help as you say
I don't even have any on my charts
Only price action and support and resistance.

 

[wackypete2]

Gotta laugh...."newbies" are making a joke out of vendor badges.

Peter

 

[gamma]

Gotta laugh...."newbies" are making a joke out of vendor badges.

Peter

I think, with some, its a lack of attention to detail, when joining. Of which I am guilty,
I had a vendor badge for ages and was too embarrassed, to ask how to remove it.

 

[monkey180]

Hi,

Yes look at all the action in the FTSE today, what is the best way to know when yo get out, as scalping and SB to not work, need to swing trade.

 

[monkey180]

It is eSignal where it generate the S R lines, using Sharescope.

 

[Splitlink]

hi Spitlink,
No point waiting for it to go back down 80 odd points to test whether it will break the low.

In my experience the market does reverse. I think that that is the main problem why lots of traders lose. They will not believe that what the Lord giveth, the Lord will take away.

Perhaps, that is a good reason for entering a short at +75 points, but it takes bravery to do that.

 

[Black Swan]

I agree, although I got worried this morning with Footsie, getting near a 20 point stop before it reversed down.

Indicators , this morning, would not have helped me at all and only complicate the problem, IMO.

dunno Split, the only indicator I've trusted/used for 2 years+ got me in for 150 pip short on the Euro wed eve, exited at 14200 yesterday, and guided by this indicator I've had no temptation to go long or short since..despite the two big retracements and spike...Some indicators are an 'expression' of PA anyhow imho if you know what to look for how to set 'em up..

But by the time you get as 'weary' as me, you and gamma arguably you don't need anything on the chart bar your eyes and candles or HA, but I use the indicator also as an alert, and I can't set up PA to do that for me (alert) ..

 

[Splitlink]

dunno Split, the only indicator I've trusted/used for 2 years+ got me in for 150 pip short on the Euro wed eve, exited at 14200 yesterday, and guided by this indicator I've had no temptation to go long or short since..despite the two big retracements and spike...Some indicators are an 'expression' of PA anyhow imho if you know what to look for how to set 'em up..

But by the time you get as 'weary' as me, you and gamma arguably you don't need anything on the chart bar your eyes and candles or HA, but I use the indicator also as an alert, and I can't set up PA to do that for me (alert) ..

What can I say! If you get 150 points by using an indicator you have to believe in it.

But I got a good profit, too, from the FT fall. Not so much as you because Ftse does not, normally give that much. But a good morning's work without an indicator.

it boils down to trading what you are comfortable with. I find indicators only confirm what I already have acted upon. Some times it comes good and sometimes no.

 

[gamma]

dunno Split, the only indicator I've trusted/used for 2 years+ got me in for 150 pip short on the Euro wed eve, exited at 14200 yesterday, and guided by this indicator I've had no temptation to go long or short since..despite the two big retracements and spike...Some indicators are an 'expression' of PA anyhow imho if you know what to look for how to set 'em up..

But by the time you get as 'weary' as me, you and gamma arguably you don't need anything on the chart bar your eyes and candles or HA, but I use the indicator also as an alert, and I can't set up PA to do that for me (alert) ..

I do not use indicators as they do not work for me, this does not mean I have exhausted the arsenal of indicators. and like you say its also knowing how to use them,there is a degree of ignorance when I say I do not use indicators.
most of us in this business are here by trial and error and possibly I might change my mind in time to come about indicators.I use to be very impressed by fibs but now believe that fibs are a totally subjective form of analysis.

 

[monkey180]

Black Swan, what is this indicator that you use,

Getting in is easier than getting out, and I a fed up of looking at a chart of the end of the day and thinking ahhhh why did I not hold...

 

[Splitlink]

Black Swan, what is this indicator that you use,

Getting in is easier than getting out, and I a fed up of looking at a chart of the end of the day and thinking ahhhh why did I not hold...

I think that you should not worry too much about what you could have made. Just go for a target. I should have held this morning but that is hindsight. One should trade with as much of a businesslike attitude, as possible. That way, one avoids the greedy excitement that turns it into a chancy trade.

 

[monkey180]

Yes greed is bad, just am after an indentation that I can trust to get some points in the bag, after all the costs.....