Which combination of indicators helps detect an impnding upmove or downmove reliably?

hi
friends
Two questions- the puzzles of traders are here

A)Which combination of indicators helps detect an impending upmove or downmove in price reliably?

B)INDICATE A day before a move occurs


personally I would exclude RSI,psar, stochastics, CCI

Why?Becoz when you start with a confusing ambiguous tool,you tend to go in the wrong track from the beginning. Ask yourself-is this necessary?

Stochastics would give more false sell signals in a rising uptrend thus kicking the trader out of market early.
I have seen guys loving stochastics blow the trading accounts.

Psar uses too much of risk,not acceptable to good traders.
RSI- RSI(2) HAS BEEN a disaster for many guys(trade minor reversals in a long primary trend-miss main trend but catch it small tail or insignificant bits n pieces now n then. RSI may be somewhat ok when you try to read price patterns not on price chart but on RSI chart.It needs lot of study.
CCI -It seems to work in a different route that doesnt fit my natural thinking.
CCI trendline breaks on higher timeframes looks ok but doesnt help in live trading times.
SUPPORT RESISTANCE these lines are there only fail very often and get broken. They told Nifty will reverse as it hits strong resistance but it is seen next monday that NIFTY breaks the barrier pushing up 80 or 90 points.
What the point is
when you base your decisions of trading on a fickle wavering unreliable thing,you are choosing failure as first option.

Let us see some expert can disprove the above things with predictive advance evidence.
This means one can post the chart and point on friday for what he is sure that would likely occur on following monday.
Looks like hard nut?
not when you have a dependable combination of indicators.

ford
QUOTE
IN NSE OVER 20 LAKH GUYS TRADE AND AMONG THESE OVER 90% GUYS USE SAME COMMON INDICATORS CHARTS THAT SINK THEM AS THEIR THINKING DECISION MAKING PERSPECTIVE HAS BASIS IN THE CHART THEY KEEP LOOKING AT. AND PITY IN THE CITY IS OVER 90% LOOSE THE GAME DOING THINGS THAT ARE DELIBERATELY FORCING ODDS AGAINST THEMSELVES.


please dont mistake my intention-the noble motive is just to provoke thinking beyond the superficial-obviously visible things.

Re: Which combination of indicators helps detect an impnding upmove or downmove relia

Very nice initiative , very hard to reply but Fibonacci can be one option though not alone

Re: Which combination of indicators helps detect an impnding upmove or downmove relia

Looking forward to some good discussion on the points raised above. It may not lead to a tool which will indicate on Friday that the market is going to reverse on coming Monday...but it hopefully leads us to some pointers for profitable trading.

Post your views .....dont be afraid of being wrong...no one is going to be 100 % right here.

Smart_trade

Re: Which combination of indicators helps detect an impnding upmove or downmove relia

As per me indicators give warning, Support Resistance give direction possible if break, but most imp. thing is momentum i.e. speed by which price is changing- some could also term as volatility. When any trend is going to reverse some unusual price movement seen like consolidation or high volatility etc. For all this common sense along with our experience we have to use. But 100% you cannot guarantee cannot be given. And about indicators you have written they could be use as tools but brain have to used as per experience along with it.
1) Stocashtics in combination with bollinger band have to be used.
2)CCI trend line is one part but specially you can check its going below 0 or above 0 atleast in hourly chart not below is of must use.
3)ADX can guide you for take judgement on direction.
4)MA/EMA 20-50-100-200 works many time to decide direction.

These are fee examples

There is news flow which can impact sentiments in short run or might be game changer also for that you have to be updated.
See weekly chart of nifty or daily chart that it has fallen 550-600 points or above approx from upside so pull back also possible to be hard. In what speed it goes up or down reaction will also be sharp. Secondly see crude prices come down globally that give fundamental boost to market as ease in inflation to some extent possible. So lots of thing to be considered. Earning season is also going. Speculation always involved in market.
Important is how are you judging based on which your success depends.Indicators are doing the ir work but we have to put our brain. Like in exams one question paper is set but everybody cannot score 100 or equal marks. So to score high you have to right your answer in that way. Same with markets.

Re: Which combination of indicators helps detect an impnding upmove or downmove relia

U may have known the famous saying ….when everyone buy u sell and when every one sell u buy..
On contrary most indicator says buy once market moved above xxxx ( means every one buy !!!!) and sell when moved down xxxx.( means every one sell !!!!).

Re: Which combination of indicators helps detect an impnding upmove or downmove relia

I use RSI, PSAR and MACD indicator to take my trades. Also i check 5min, 15min, 30min, 1 hour, daily, weekly and monthly time frame to take trades. I see the demand and supply zone which you would call it as support and resistance.

RSI, PSAR and MACD gives indication when the trend is declining and when it is gaining momentum.

I am still learning and i find these indicators good enough to give an indication.

Re: Which combination of indicators helps detect an impnding upmove or downmove relia

The ability to interpret 'PRICE - a Random Moving Target' using 'Technical analysis' is a blend of 'Science and Art', that requires patience and dedication.
Technical analysis is subjective and our personal biases (bullish or bearish) can be reflected in our trading decisions.
Technical analysis is not a guaranteed way of predicting share prices. Expect to win some and lose some. Don't search for the 'perfect indicator or system'. It doesn't exist.

The most important thing is, the indicators & chart time frame needs to be compatible with the personality of the trader. Adjusting a trading system is very important to suit different markets which comes only from years of experience.

I think personally that, the ability to interpret the 'right time frame' for a 'particular time period' in which a 'particular indicator is working' is the key to Successful Technical Analysis.
Happy Trading. Cheers.

Re: Which combination of indicators helps detect an impnding upmove or downmove relia

Interesting post.

Can any indicator based system say for SURE what is likely to happen on Monday basis Friday's chat? : Absolutely none. Can any indicator based system predict what is LIKELY to happen on Monday basis Friday's chat? : Possibly with a bit of edge, but it's no certanity. An indicator or a combination of indicators can NEVER predict with certanity - they can only provide an edge.

And BTW, if anybody had such a system (which I think does not exist), it would be mighty generous of them to disclose on TJ forum!

Re: Which combination of indicators helps detect an impnding upmove or downmove relia

:lol:

And after that...
All would know the same (which I think does not exist) and thus, no profit could be made.
Because, we all know that: Trading is a Zero Sum Game. :rofl:

Re: Which combination of indicators helps detect an impnding upmove or downmove relia

ST...

Why don't you tell us something? I think u have a huge experience in this field and must have seen many ups and downs here..so it would be really nice for new ones like me if you kindly share something...