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There is no indicator that will ever consistently make you money. The best indicator is your expirience and intuition. That can only be gained from screen time and studies.
The only indicators I've personally found useful, are the following:
Hi,
an indicator that I find useful for gaining and limiting losses is patience... in short, wait for a signal only if it has all the requisites to move the price accompanied by volumes.
Then it must be said that probability is the mother of all the results we get (good or bad)
Learn to apply Discount, Premium, and Fair Price to product inventory.
Making sense of a candle pattern on any timeframe with any associated MA's, indicators, stochastics, blsh-blah-blah is complete and utter nonsense.
Trade as an institutional trader does. Use orderflow. Use the DOM to track orderflow.
You cannot do this without professional trading software nor can you do it without proper training on knowing WTF you are looking at.
There is no substitute for training and screen-time.
READ THIS: You WILL NEVER SUCCEED if you follow candles. It is a ruse. Price tracking is just that.. it's price tracking, and has nothing to do with product transactional directional bias (which is what you as a professional trader are doing--predicting the short term product inventory pricing with respect to discount, fair-price, and premium) (hint: those three things to a candle trader are called VAL, VPOC, and VAH).
Maybe someone with a broader understanding can help me on this. It has been my understanding that any widely followed signal generating indicator would stop working fairly quickly since so many people hitting those same levels create an exploit for the algos. For that reason, I don't think any off the shelf indicator is of much use. I have a couple of indicators I like that I had custom built.
Algos chase liquidity - they don't go gunning for your stops, they don't run over levels or indicators or moving averages. The fact that most indicators are based on pure price action is in and of itself a mistake, since algos don't care about price action at all - just liquidity and volume.
Interesting that various moving averages like the 200 and 50 have worked for years, but that's because many traders place orders at these levels, and it only takes seconds for the typical bank algo to figure out what those are, and where everyone is placing their orders (and stops).
Hi,
I think like you
it is as if all the architecture built to make sense of what we call graphics or price action were nothing more than a way to know in advance where the Retail Negotiations are positioned.
A reverse push ''NUDGE''
rather than helping with TA it makes us vulnerable
This is my point of view...