Flow appreciate that, it's amazing how the most simple things seem complex to a beginner. David you 2

I look at them all, but I usually use-
Bollinger Bands, Stochastics, RSI, MACD, and most important- Confirm with volume!

Hi everyone,

Thanks for this informative thread. As a beginner, i see a lot of information about the various indicators but very few nuggets of information that might be useful regarding price action alone. Of course, i understand an indicator is just a tool to analyse a particular behavior of price action but what about learning to read price action by observation and common sense ? Don't get me wrong, i am just thinking out loud as i write this comment, would not it be better to learn how to read price action without the help of indicators as all indicators suffer from the same disease, i.e., they are all lagging ?

This was just a question as i am not an expert at all.

P.S. I - if you know a source of information which talks about price action alone and how to interpret it then go ahead, shout it out loud as i for one, would be very curious to read what they have to say about it and i have to admit have little faith in indicators.

P.S. II - Why did anybody talk about support/resistance as an indicator ? To me, they look like our best friends as a form of indicators.

P.S. III - many traders see indicators as the most essential and valuable commodity in their toolkit, giving them almost heightened awareness of what is price action going to do next. All this depending upon the dosage and your consumer's profile physiology. The prescience-enhancing capacity given by indicators makes trading more a science than an art. But is trading an art like learning to play music ?

I could not agree more. Using a variety of concepts actually gives you a well-rounded view of whatever market you're examining. As you say, too many people look at 4 tools that in essence? Measure the same thing.

Generally? I look at:

1) Price - Support / Resistance

2) EMA's - Short / Mid-Term / Longer

3) Volume

4) Aroon

5) Accumulation / Distribution

6) Cycles

That gives me a look at the market itself, the strength of the move, possible trend change, accumulation or distribution in the market, and a look at the timing of a change.

Worked well so far. I know of a lot of other tools - and due to how long I've been trading - somethings I can eye up in the matter of seconds. But as has been said? It's best to keep it as simple as possible.

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Hi Trendisyourfriend,

Glad to hear from you.

If you have not done so already you should check out the below post which speaks to this question:

http://www.informedtrades.com/101340...ding-vids.html

Best Regards,
Dave

__________________
Disclaimer: Trading is risky and can result in substantial financial loss. As always my posts are simply one traders opinion and should not be taken as trading advice. I am not a financial adviser so everyone please do their own analysis and take responsibility for their own trades.

Hi David,
I m new to this site,and gambling in this market since 2 yrs and in this span lost nearly 8lakhs of hard cash.
Now i want to earn those back and not gamble.
i just wanted to know which indicators are best suited for intraday trading and if i follow EMA then which EMA values EMA should i follow.
Hope U will definetly throw some over it.
Also which indicators should i follow for short term also.
Bye ,
Warm Regards
Rajeev

For me I find using the below works 65% successefuly:

Trend - Support & Resistance
Moving averages
RSI

Regards,

Hi Rajeev,

Glad to hear from you.

Below is a thread with some more information on what the best indicators are to use:

What is the best indicator for trading?

An below is one on the most popular moving averages:

What moving averages to use?

Have a look at those and if you have any other questions after that please feel free to post as always.

Best Regards
Dave

__________________
Disclaimer: Trading is risky and can result in substantial financial loss. As always my posts are simply one traders opinion and should not be taken as trading advice. I am not a financial adviser so everyone please do their own analysis and take responsibility for their own trades.