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One indicator to rule them all
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One indicator to rule them all

  #1 (permalink)
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One indicator to rule them all

You are forced to pick only one indicator to trade with.

One single indicator only.

What indicator do you pick, and why?

Mike

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  #2 (permalink)
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  #3 (permalink)
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Vwap and its standard deviations, same reading any time frame/chart, one of the mostly used indicator by the trading industry and by institutional traders.

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  #4 (permalink)
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My answer would probably be VWAP w/SD bands. It helps me frame price in my mind, and I think along with my mental notes on pivots (which I can calculate myself if I had to) I would be fine.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
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  #5 (permalink)
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redratsal View Post
Vwap and its standard deviations, same reading any time frame/chart, one of the mostly used indicator by the trading industry and by institutional traders.

I see we think alike

Many who have read all my posts know I am partial to having some sort of oscillator in panel 2, but I think when push comes to shove --- having just one indicator, one indicator only --- it would have to be VWAP and I can live without the oscillator as it is not telling me anything I don't already know by looking at price. Whereas I can't calculate VWAP + SD in my head.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #6 (permalink)
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Just the BB to rule them all for me

A new recent look @ the BB should suffice for me.

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Lolu

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lolu View Post
A new recent look @ the BB should suffice for me.

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Lolu

heh i hope that ends up in the download section at some point.. you can eyeball the BBs but the coloring does make it easier..

anyways i would go out on a limb and say if you could give a good trader any indie, but only one, and they could make it work if they spent enough time with it.. for me, i would have to say an SMA(50) because i like to watch price action around them and patterns that occur around them...

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

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Last edited by madLyfe; December 30th, 2011 at 07:13 AM.
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  #8 (permalink)
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200 EMA, and make sure you take pull backs. Also make sure you take trades with the trend.

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  #9 (permalink)
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20 EMA if only one. (Al Brooks PA)

If I could have two indicators, 20 EMA & BollingerBands, lots of countertrend setups can be easier seen with BB such as initial penetration of outer band and subsequent failure to retest entry types. Width of BB generally indicates volatility. Change of slope of overall BB can help identify trend. The outer and center bands can be used as temporary s/r like in sideways trading range periods. Works well with PA and individual candle analysis. Works on many time frames and types of charts.

Oh wait, I guess one could make the center band of the BB a 20 EMA too, so the choice of one indicator could still be BB with center band 20 EMA


Last edited by Cloudy; December 30th, 2011 at 07:00 AM.
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  #10 (permalink)
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lolu View Post
A new recent look @ the BB should suffice for me.

Lolu

What about the 'why' part...

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote

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