Been switching between RSI and MACD for my entries but results are mixed.
What indicators actually work for you guys in real trading? Starting to think I’m overcomplicating this whole thing.
Using simple moving averages can help you identify trend direction clearly. Adding support and resistance levels can aid in timing your entries effectively.
Relying on too many indicators often leads to confusion, so it’s best to concentrate on understanding price action first.
ATR for position sizing - nothing else really matters.
Stochastic gives clearer signals than RSI in my experience. It’s less noisy on the hourly charts.
Stick to two indicators max - more just creates confusion. I use the 50 EMA and price action. Price above the 50 EMA? Look for longs on pullbacks. Below? Only shorts. Wait for clean breaks in structure. Most losses happen when you fight the trend because some oscillator gave you a false signal. Whatever indicators you pick, use them for at least 100 trades before switching. Consistency beats complexity every time.
Fibonacci retracements are my go-to. Most people ignore them, but they work because everyone’s watching the same spots.
I draw fibs on major swings and wait for 38.2% or 61.8% hits. Throw in some confluence with old highs/lows and you’ve got solid entries.
Best part? You know your risk upfront. Price breaks the 78.6% level? You’re probably wrong about the bounce.
I tested this against RSI and MACD for two years. Fibs beat them on risk/reward and had way fewer false signals. Works on any timeframe too.
Volume spikes at key levels beat most oscillators hands down.
High volume breaking previous resistance? That’s way stronger than waiting for RSI to hit 70.
Flip side - price drops on weak volume usually don’t stick.
Price action and volume beat any fancy indicator.
Stop chasing indicators - pick one setup and stick with it. I use the 20 EMA on daily charts. Price above? Only go long. Price below? Only go short. Simple filter that keeps you with the momentum. Then I add basic support and resistance from weekly charts. When price hits these levels near the 20 EMA, that’s my entry. Most traders blow up because they’re running ten indicators that all say different things. Pick one method, test it for three months, then decide if it’s worth keeping.
MACD works better on higher timeframes. Try it on 4H instead of shorter charts.
Just use basic support and resistance levels nothing else.
RSI and MACD together mess with your timing. I ditched MACD years ago - too laggy for quick trades.
Use RSI with key levels instead. RSI oversold near strong support? That’s where I find the best bounces.
Bollinger Bands are solid for volatility plays. Price hits lower band + RSI under 30 = I’m hunting reversals.
But honestly? Candlestick patterns saved me more money than any indicator. Doji at resistance or hammers at support beat most oscillators hands down.