The Top 5 Technical Indicators for Profitable Trading

The Top 5 Technical Indicators for Profitable Trading



In this video, we look at the top 5 technical indicators successful spread betters create their trading strategies from. We look at what the indicators mean and how they should be applied to the markets. We look at real-world examples as to how the signals and indications can lead to profitable trades.

This video is best for:

Traders looking for profitable technical indicators.
Traders wanting to learn how to use technical indicators.
Traders wanting to see examples of how to use indicators to identify trades.
Beginners looking for an understanding of how to use technical analysis.

Contents:

-Most common mistakes with technical indicators
-Types of indicators
-Indicator 1: RSI
-Indicator 2: MACD
-Indicator 3: Bollinger band
-Indicator 4: Supertrend indicator
-Indicator 5: Indicator confluence
-Trading examples
-Summary

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Welcome to the top five indicators of profitable trading.By the end of this video you have a good understanding of how people use technical indicators a trade with example to provide. Technical indicators can be very daunting for beginner traders, though have to be and by then does video you have an understanding of the most common technical indicators and how they can be used to support your trading. Firstly all the indicators are going to show you are created from basic candlestick data. The auto information from the open high low and close the basic price action. If you need to learn more about the basics candlesticks and please click here three-part candlestick series.

Here are some of the most common mistakes traders make the technical indicators. Don’t overload your screen with indicators and display the indicators that you actually use on your charts a lot of traders overload their charts with indicators as excuse to over trade.Remember indicators are just an indication of something happening in the market they are crystal ball trying to predict the future. Don’t blame the indicators where traders and workout no matter what indicators you use your still have to take losses in trading.

Two types of indicators. There are two types of markets trending and range bound or cyber to markets. A trending market looks like this but the market is moving in one direction arrange panel Cyprus market looks like this were the market is moving up and down within a specific range indicators tend to be either suited trending or range assignment markets.

Indicator one RSI. The relative strength index compares the magnitude of recent gains to recent losses in the attempt to determine overbought and oversold conditions of instrument as you can see from the chart the RSI ranges from 0 to 100. Insurance is deemed to be overbought once the RSI approaches the 70 level mean that it maybe getting overvalued and is a good candidate for pullback likewise if the RSI approaches 30, then the instrument is oversold and therefore like to reverse. Traders will often use the RSI coming back out of overbought or oversold conditions as a signal to enter the market.

A trade using RSI should be whether large rallies and drops in price will affect the RSI by potentially creating false buy or sell signals traders often come by the RSI such as the MACD.

Indicator two MACD. Moving average convergence divergences is one of the most well-known unused indicates in technical analysis this indicator is made of two exponential moving averages which help measure momentum henchmen. These moving averages and the changing distances between them become the MACD. Convergence means the moving averages moving closer together, divergence means they’re moving away from one another.

Indicator three Bollinger bands. A Bollinger band starts off as a simple moving average and has two standard deviations plotted away from it that sounds a mouthful but the important part is because standard deviation is a measure of volatility Bollinger bands adjust themselves to current market conditions. When markets become more volatile markets widen and move further away. Enjoying less volatile periods the band’s contract moving closer together. The typing of the bands of news by technical traders as an indication there may be volatility to follow.

Profitable indicators for trading
Biggest mistakes made with indicators
How to use indicators
Technical analysis for Forex
Technical analysis for trading

30 Comments

  1. ABOTOS FINANCES

    This was the best video on indicators i have ever seen in my life.

  2. It is not indicator confluence but only coincidence= rsi, macd and the third one that surely is repainting over time, are calculated from open close high low.. They show pretty much the same and the win loss ratio on them is about 35 percent(looks good in backtest but in real time it is terrible). Same with divergence.. Trading is about going in direction with big guys that make trends, otherwise you will be crushed. And do you think that when goldman is cumulating 5 billion position on fx, that he is looking on macd crossover ? Dont be silly. The only way to be profitable on forex is knowing where big guys want to buy or sell and where they dont. Google market profile or footprint or auction theory. Thats the only thing that makes sense.. Trading with technical indicators is waste of time and money. Just spend some time with them and you will know that.

  3. Forgive me but at 2.00 you use the term over sold and likely to reverse. I am confused as the graph is a hindsight view which will not influence or reflect any future dynamics of the graph journey, this is just logical. I do not see any point of candles or the likes.

  4. Does the software you use, prorealtime, have JSE listed shares ?

  5. What platform are you using? Tradingview?

  6. Here's a decent Indicator

  7. Sic Parvis Magna

    I think there is just one thing you can not point out too much. Thats, an indicator points to something, it doesn´t prove something. Means, even if your MACD is showing a possible crossing, it´s just a hint to a possible trade. Statistics already gave evidence that just useing an MACD, or a MFI, Stochastic or whatever is a zero sum game. However, they are useful little helpers to evaluate a situation

  8. Excellent technical. What ur email addres sir

  9. Charles Eberenz

    the best indicator is pure intuition and gut feeling – once you feel the market moving put your entire account there and sit back and watch the cash flow in

  10. But what's better using indicators or using the Fibonacci tool? Or both in the same chart??

  11. No bullshit and concisely straight to the point, subscribed

  12. thnks a lot fr sharing,can i follow this strategy in day trading?

  13. Amando Marroquin

    appreciate the help and guidelines, veryclear and understandable

  14. great and easy

  15. hey can u give us these 5 indicators setting figures

  16. wow a video on indicators that's actually easy to understand!

  17. Brilliant video! Everything was explained in terms so easy to understand. Just wondering what website do you use for your charting? Would really appreciate it 🙂

  18. Excellent material and well presented. Thanks for sharing this. In addition to the indicators reviewed in your video do you ever employ V.W.A.P. or 9 and 20 Day E.M.A.'s ? In my experience they are good indicators. Great point made in not to overcrowding your charts with too many indicators. I am a believer in keeping it simple. I do like the fact that the M.A.C.D. and R.S.I. are lower indicators and don't crowd the actual chart itself. Bollinger Bands are a great tool as well.

  19. It's funny how I've already been using theses due to my own research and this has now solidified my understanding of these same indicators.. only one I haven't used is supertrend indicator. Ready for more profits!

  20. numbers never lies, thank you for excellent guide

  21. Bro did u also explain somewhere how to read candles.

  22. This is awesome bro god bless you love to learn more from you.

  23. indicators are rigged… banks use them and usually go against them to stop hunt traders , if indicators worked there wouldnt be the 90% of traders who fail. the trick is to trade alongside banks which are the market makers and not be the usual trader using stupid indicators and support and resistance bs

  24. im from Jamiaca, whats the best trader app or software do u advise?

  25. Hai…i want to know your opinion about using envelope and demaker…thanks

  26. where can I find super trend indicator in MT4

  27. Which condition or combination of conditions reliably predicted a change of direction or a continuation of direction?

  28. Thanks for the excellent video with the best of indicators friend a great help.

  29. Ahmed Salama Badawi

    what is the name of the charting software

  30. Thanks for your infomrative video. I am using Thinkorswim platform, however I dont see the "SUPERTREND" indicator. Do you know how I can add it? Thanks in advance!

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