RSI indicator

[David79]

No, I just look at the candlestick patterns and price action in this case.

=Fair point. Candlestick pattern itself can say a lot. Do you look for any fav setup?

 

[Zerologic]

=Fair point. Candlestick pattern itself can say a lot. Do you look for any fav setup?

I look more at reversal candle patterns and watch for fading trends.

 

[fargana]

I usually rely on mix of both price action and resistance levels. Have you tried combining it with your indicators?

The more indicators you add to your trading system, the fewer signals you’ll ultimately get because each one acts as a filter, eliminating some of the signals. I’d recommend adding them gradually in response to unsatisfactory win rates or trading performance of the system.

 

[David79]

The more indicators you add to your trading system, the fewer signals you’ll ultimately get because each one acts as a filter, eliminating some of the signals. I’d recommend adding them gradually in response to unsatisfactory win rates or trading performance of the system.

Totally! Keep it simple works. What is your go to indicator?

 

[rmufti68]

=Fair point. Candlestick pattern itself can say a lot. Do you look for any fav setup?

Candlestick charts are more easier to read than any other charting pattern in my opinion.