How many indicators do you need?

dkami

Sergeant
Messages
746
I can't talk, my charts look just as bad if in fact it is a bad thing:D

I think trading with or without indicators is a personal preference there is no right or wrong, it all boils down to one thing for all traders and that is making money how you do it is totally up to the individual

Whatever tickles your fancy I say!
 

Marmot

Private
Messages
12
Two DMA and that's it. I've been always thinking that those people who have the entire screen lined out with indies are some kind of gurus! Is it so?
 

willforex

Corporal
Messages
183
I always prefer Price Action trading with maximum of two indis ( Moving Averages / Fibo Levels ).
 

adiamond

Recruit
Messages
4
Although I've seen worse setups, that is too much. I guess it really depends on your strategy.

I'm a technical trader, and i limit the indicators to rsi, a couple ma's, and fibs.
 

elisab

Corporal
Messages
215
A suggestion I can give thanks to my experience is to select some reliable indicators, then study the signals they provide, and work on the price patterns combined to these few indicators.
 

Rambo35

Corporal
Messages
280
Wow, terrible chart. I wonder how he can even analyze anything with that mess. I stick to price action, every so often I take a look at one indicator and that's all.
 
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