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How many indicators do you need?

Discussion in 'Beginners Bootcamp' started by Triantus Shango, Aug 19, 2013.

  1. Triantus Shango

    Triantus Shango Sergeant Major

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  2. dkami

    dkami Sergeant

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    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!
     
  3. Pharaoh

    Pharaoh Colonel

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    I think he needs to add a few more. I can still see the price bars.
     
    TareqS likes this.
  4. Marmot

    Marmot Private

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    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?
     
  5. willforex

    willforex Corporal

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    I always prefer Price Action trading with maximum of two indis ( Moving Averages / Fibo Levels ).
     
  6. adiamond

    adiamond Recruit

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    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.
     
  7. elisab

    elisab Corporal

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    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.
     
  8. Rambo35

    Rambo35 Corporal

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    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.
     
  9. Red Herring

    Red Herring Corporal

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    Not a single one! I read the naked charts/candle sticks...
     
  10. Triantus Shango

    Triantus Shango Sergeant Major

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    then you are my god!! ;)

     

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