Been trading for a while now and still feel like I’m all over the place with indicators.
Some days RSI works great, other days it gives me fake signals. Same with moving averages.
What do you actually rely on when placing trades?
MACD and basic trendlines are what I rely on the most.
I keep it simple because many indicators tend to lag. The MACD histogram helps me spot momentum changes before they are clear from the price alone.
I mark previous highs and lows with horizontal lines and wait for MACD confirmation as price approaches those levels.
Support and resistance are more reliable than any oscillator. They indicate where the market is buying and selling. I prefer using 20 and 50 period moving averages to identify trends. If the price is above both with a positive slope, I look for buying opportunities. If it’s below with a negative slope, I consider selling. Oscillators like RSI can be misleading in strong trends. I trust clear price action at key support levels with rejection over any indicator cross.
Stochastic and 200 EMA. Test them yourself though.
Price action and volume tell the real story.
Forget perfect indicators - they don’t exist. I stick with 50 and 200 EMAs for trend direction. Price above both? I’m only looking long. Below both? Shorts only. I throw in daily pivot points for entries since the big money watches these levels too, which creates actual price reactions. Better to master two tools than jump between ten every time you hit a rough patch.
Fibs have been my main tool for years. They work because everyone’s watching the same levels.
I draw them on daily and 4-hour charts after big moves. The 38.2% and 61.8% levels are solid entry spots, especially with candlestick confirmation.
ATR’s huge for position sizing too. I can set stops based on actual volatility instead of random numbers. Beats risking the same amount every time.
Bollinger Bands work well for me. Shows when price is stretched too far from average.