Which indicators or theories you use for trading?
As a technical trader, I am using indicators to execute my positions.
Choosing the right indicator for each pair is important as they respond differently to the different indicators.
$AUDUSD may respond good to Williams R% but $GBPUSD may work better with Stochastic.
$Gold and $OIL are perfect for recurrence theory trading while $EURUSD is a nice pair for Elliott wave systems. (Only my experience).
Setting up an indicator for the different time frames is also an important factor.
Choosing the right indicator for each pair is important as they respond differently to the different indicators.
$AUDUSD may respond good to Williams R% but $GBPUSD may work better with Stochastic.
$Gold and $OIL are perfect for recurrence theory trading while $EURUSD is a nice pair for Elliott wave systems. (Only my experience).
Setting up an indicator for the different time frames is also an important factor.
Your strategy should also be based on your lifestyle. When choosing the indicators and time frames you should consider what type of trader you are, if you are a scalper, day trader or someone who likes to works on bigger time frames.
You may only be interested in fundamental trading.
The main key to be able to be successful is by adopting a good strategy and money management system which you can read more about that here.
Good luck!
Here is a list of indicators and strategies to use in your trading. I have included videos to help you better understand each indicator.
- Accumulation distribution is a cumulative indicator
- Accumulative Swing Index
- Average Directional Index (ADX/DMS)
- Alligator indicator
- Aroon indicator
- Aroon Oscillator
- Average True Range (ATR)
- Awesome Oscillator
- Bollinger Bands (BB)
- Centre Of Gravity (COG)
- Chaikin Volatility
- Chande Forecast Oscillator (CFO)
- Chande Momentum Oscillator (CMO)
- Commodity Channel Index (CCI)
- Coppock Curve
- Detrended price oscillator (DPO)
- Ehler Fisher Transform Indicator.
- FRACTAL CHAOS BANDS (FCB)
- Fractal Chaos Oscillator
- Gopalakrishnan Range Index. (GAPO)
- Highest-high-value-indicator(HHV)
- Historical Volatility Indicator
- High Low Bands Indicator (HBL)
- High Minus Low indicator (HML)
- Intraday Momentum Index (IMI)
- Ichimoku Cloud
- Keltner Channel (KC)
- Linear Regression Forecast Indicator (LRF)
- Linear Regression Intercept indicator
- Linear Regression R-Squared Indicator
- Linear regression slope indicator
- Lowest Low Value
McGinley Dynamic Indicator
- Median Price Indicator
MILAN OSCILLATOR INDICATOR
- Momentum Indicator
- Money Flow Index (MFI)
- Money Flow Index Indicator (MFI) Part-2
- Different Type of Charts - Part 1
- Moving Average Strategies
- Moving Average Envelopes
- What is Parabolic SAR?
- Pivot Point Strategy
- Pretty Good Oscillator Indicator
- Price Rate Of Change Indicator (ROC)
- Prime Number Bands
- Prime Number Oscillator - PNO
- Q-Stick Indicator
- Random Walk Index Indicator (RWI)
- Ravi (Range Action Verification Index)
- RSI (Relative Strength Index)
- Schaff Trend Cycle - STC
- standard Deviation Indicator
- Stochastic Momentum Index (SMI)
Stochastic Oscillator
Triple Exponential Average (TRIX)
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