Which tool do you trust when making trading decisions?

[aryanshirivastav]

Hello Guys, I am just curious which tool i have to use for making my trading decision? There are lots of tools in the market.
Share your thoughts on this..

 

[Amadeus.V]

Only support and resistance lines!
I have my own developed way of drawing them.

 

[Zerologic]

Not sure. I prefer to use support and resistance based on price history and price action.

 

[hayseed]

Hello Guys, I am just curious which tool i have to use for making my trading decision? There are lots of tools in the market.
Share your thoughts on this..

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hard to say....

you might need to use the one that best suits you...... the one you are comfortable with..... the one you trust, or at least know how much to trust......

moving averages suit me...... that would include not only common moving averages, but also oscillators like rsi, rvi, cci, stochastic, wpr and such...... few might think of them as moving averages but they are, just slightly different math...... bounded in most cases......

if you spend enough time on the forum you will learn who uses what.......

a good grasp of how the time frames interrelate might help......h

 

[fargana]

Historical price levels often provide clearer signals than over‑engineered tools. Over years, my true edge came from mastering those levels.

 

[Amadeus.V]

Historical price levels often provide clearer signals than over‑engineered tools. Over years, my true edge came from mastering those levels.

Interesting . Please explain more. How and what did you master?

 

[rmufti68]

Historical price levels often provide clearer signals than over‑engineered tools. Over years, my true edge came from mastering those levels.

Are to referring to the weekly, monthly and yearly highs or low to frame the turning points?

 

[OscarR]

Support, resistance, and price action. Indicators can help but I trust what the chart’s showing me most.

 

[Zerologic]

Support, resistance, and price action. Indicators can help but I trust what the chart’s showing me most.

I like that way; however, I also read the news and peek at the economic calendar schedule, besides relying on technical analysis.

 

[fargana]

I’ve found higher-timeframe levels + price action give me the cleanest reads, with RSI only as a context check. Most oscillators are variations around moving averages; the real unlock for me was learning how timeframes interrelate instead of piling on tools.

 

[Caio W.]

Hello Guys, I am just curious which tool i have to use for making my trading decision? There are lots of tools in the market.
Share your thoughts on this..

Hi aryan, trading is based in 4 pillars: Mindset (Psychology), Risk Management, Strategy and Journaling.

You should choose one profitable and validated strategy, set your entry process, risk management, and stick to your plan.

Good trade system + Stick to your plan = Results in long-term

 

[Magnolia_York]

I usually spot the trend and make decisions based on the support and resistance lines.