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3 BEST INDICATORS


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3 BEST INDICATORS

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  #1 (permalink)
 Jeff Castille 
Northern California
 
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There is often alot of talk about which indicators are the best for day trading.........well here's is my opinion.

#1 news indicator

#2 Trading Time indicator

#3 Pivots

Without these......you can't trade.

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  #3 (permalink)
 crisscross 
USA
 
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Jeff,

Which Trading Time Indicator do you use? As far as the news indicator, I simply check the source website [forexfactory.com] as part of my pre-trading routine and make note of time of news with higher impact in the market.

Chris

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  #4 (permalink)
 Jeff Castille 
Northern California
 
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crisscross View Post
Jeff,

Which Trading Time Indicator do you use? As far as the news indicator, I simply check the source website [forexfactory.com] as part of my pre-trading routine and make note of time of news with higher impact in the market.

Chris

Hey Chris,

I"ll attach the cs. of the "Trading Time" indicator that I use. (ninja 6.5)

I use to do what you do on the news.........only I used to get it from Barrons.com......as my pre-market routine but the indicator on the chart eliminates that step and serves as a constant reminder for me......

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  #5 (permalink)
 LukeGeniol 
Italy (IT)
 
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Jeff Castille View Post
There is often alot of talk about which indicators are the best for day trading.........well here's is my opinion.

#1 news indicator

#2 Trading Time indicator

#3 Pivots

Without these......you can't trade.


Maybe you cant!!!

I'm joking, good work Jeff.

Let me include the Volume too.

Luke.

Take your Pips, go out and Live.
Luke.
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  #6 (permalink)
 aslan 
Madison, WI
 
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If you are trading ES, then I would add TICK, although it is a second data set and not an indicator.

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  #7 (permalink)
 PandaWarrior 
In the heat
 
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I have my iphone set to alarm five minutes before my trade/no trade times as well as when to quit for the day.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #8 (permalink)
 Jeff Castille 
Northern California
 
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aslan View Post
If you are trading ES, then I would add TICK, although it is a second data set and not an indicator.

Yes.....excellent point......which really was the idea behind the original post........that the best indicators are NOT really "indicators" at all.

Actually, my trading has improved since I have stopped looking at indicators. I do like multiple timeframes though. (15,30 and 60 minute charts)

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  #9 (permalink)
 Jeff Castille 
Northern California
 
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LukeGeniol View Post
Maybe you cant!!!

I'm joking, good work Jeff.

Let me include the Volume too.

Luke.

Yeah......I'm with you on volume.......it is on my chart but I know that I need to learn to use it better. (I really only use volume for my reversal bar set up) I also like my Reversals 6.1 paint bar study.........that alone has given me more insight to market action than any "indicator" ever has.

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  #10 (permalink)
 sharmas 
Auckland
 
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Team

Lets all reflect on 2011 and discuss what 3 indicators were the best.

Which ones you will use in 2012.

What Trading goals would you like to achieve in 2012.

What 2 or 3 High Probability set-ups are you going to focus on in 2012.

sharmas

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  #11 (permalink)
 cory 
the coin hunter
virginia
 
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sharmas View Post
Team

Lets all reflect on 2011 and discuss what 3 indicators were the best.

Which ones you will use in 2012.

What Trading goals would you like to achieve in 2012.

What 2 or 3 High Probability set-ups are you going to focus on in 2012.

sharmas

.......................


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  #12 (permalink)
 madLyfe 
Des Moines, Iowa
 
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Jeff Castille View Post
There is often alot of talk about which indicators are the best for day trading.........well here's is my opinion.

#1 news indicator

#2 Trading Time indicator

#3 Pivots

Without these......you can't trade.

i agree that these will prolly always be on my charts.. am on a quest to slim my charts and let price do the talking.. its not easy, but i have 2+ years of long hours in front of the charts so hopefully things come together for me!

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #13 (permalink)
 bluemele 
Honolulu, Hawaii
 
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1. Your Divine Self

2. Your Glorious Self

3. Your Spectacular Self

(I know, smart-ass reply)

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  #14 (permalink)
 vvhg 
Northern Germany
 
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bluemele View Post
1. Your Divine Self

2. Your Glorious Self

3. Your Spectacular Self

(I know, smart-ass reply)

But still valid!

As far as "real" indicators go, I only have 1 MA and pivots, and I'm not even sure whether to keep (all of) the pivots....
And then I have a whole bunch of little helpers....yep , and volume.

Though I couldn't name three without which I couldn't trade (presumed I could trade with them for arguments sake). Happy as long as I'm allowed to draw on the charts.

vvhg

Hic Rhodos, hic salta.
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  #15 (permalink)
 birdoggg 
Charlotte, NC/USA
 
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Jeff Castille View Post
There is often alot of talk about which indicators are the best for day trading.........well here's is my opinion.

#1 news indicator

#2 Trading Time indicator

#3 Pivots

Without these......you can't trade.

What news indicator do you like best? Can you post a download link (anyone can respond with your opinion on the best News indicator for NT if you would)?

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  #16 (permalink)
 COTtrader 
Michigan, Jackson
 
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Broker: NT Continuum
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Market Structure - need to see the big picture - Market Profile and TPOs and Weeky VWAPs are excellent for casing structure

Momentum - Cum Delta Vol on a larger time chart shows divergence between buyers/sellers

Entry - Footprint Profile with Cum Delta and Total Volume is excellent


Ken "COTtrader"

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  #17 (permalink)
 DarkPoolTrading 
PTA, Gauteng
 
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birdoggg View Post
What news indicator do you like best? Can you post a download link (anyone can respond with your opinion on the best News indicator for NT if you would)?

Im not sure exactly what is meant by a news indicator. But if you simply mean an alert to let you know when news is coming out, I use this:

This is a standalone version but you can do a search for a version that attaches to your chart as an indicator. Personally I prefer having it separate so it doesn't clutter up my charts. Excellent little piece of software

Diversification is the only free lunch
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  #18 (permalink)
 noyss 
Ibiza. Spain
 
Experience: Intermediate
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Jeff Castille View Post
There is often alot of talk about which indicators are the best for day trading.........well here's is my opinion.

#1 news indicator

#2 Trading Time indicator

#3 Pivots

Without these......you can't trade.

Hi Jeff,


Can you explain me what is this trading time indicator? do you refer to a time bar indicator? I don't use NT6.5 so I can not see it.

Thank you so much
V

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  #19 (permalink)
 mk77ch 
Switzerland
 
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focus, effort and the ability to handle losses.
not what you wanted to hear, but true.

I never lose. I either win or learn.
Nelson Mandela
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  #20 (permalink)
 noyss 
Ibiza. Spain
 
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Jeff Castille View Post
Hey Chris,

I"ll attach the cs. of the "Trading Time" indicator that I use. (ninja 6.5)

I use to do what you do on the news.........only I used to get it from Barrons.com......as my pre-market routine but the indicator on the chart eliminates that step and serves as a constant reminder for me......


Ahah good one Jeff,

Totally true, but I already know all the psicological lessons of trading, it will be a help for putting them in practice... You shared this indicator with Chris for NT6.5, is it available for NT7 or any place to know about it?



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