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What is best indicator ever used for ES?
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What is best indicator ever used for ES?
There are tons of postings about all these different indicators to use and put together for use on Ninja. Anyone who has been trading for quite some time, can you tell me about an indicator you have been using to trade the ES that works great and is very consistent in identifying divergences, etc. I'm talking about really good. Thanks.Tags: None
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Originally posted by markg View PostThere is no indicator, all indicators work (some of the time) in all markets and all time frames. After searching for years it all boils down to support and resistance and price action.
Mark
trade what you see (with or without indicator) and not what you hope.
best regards
(at the beginning of my trading i read a book of charles le beau --> i learned to use adx and cci. then come guppy and hull and linuxtroll and i find moving average are great tools in combination with range or renko). use 2 or more timeframes for example (5min, 30min and 4h or 4 range 16 range and 32 range). then you will see what is importent.
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Price
If you day trade the eminis YM, ES may I suggest that you get a trial for one of the squawk box services from the S&P Pit. It is not the holy grail but you will learn how the locals move , or try to the price action looking for buy stops to sell into, etc. From this you will learn the importance of Price Action and Support/Resistance levels.
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