HomeОбразованиеRelated VideosMore From: Trade Room Plus

The Top 5 Technical Indicators for Profitable Trading

11306 ratings | 878319 views
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 We will teach you how to spread bet and trade with profitable trading strategies. We trade Forex, indices, stocks and equities in our live day trading room. To join Trade Room Plus for free, click here: http://traderoomplus.com/offers/ To join the next free live training session, click here: http://traderoomplus.com/s/2d Free membership: http://traderoomplus.com/offers/ 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
Html code for embedding videos on your blog
Text Comments (483)
Moustafa trase (1 year ago)
what broker you use and minimum deposit thnx and very nice video
amol deshmukh (2 months ago)
Forex Market Broker Grand Capital launched a new promotion - $500 as a gift! For the first time the Company offers no deposit with bonus $500, which larger than any other broker launches! https://grandcapital.net/?note=4385840
Trade Room Plus (1 year ago)
Hi Moustafa, we use ETX who you can find here: https://www.etxcapital.co.uk/landing/2017q2/main-i?btag=a_207b_175c_ The larger the deposit the better in terms of potential returns and managing risk. There is no minimum per se but you need to make margin etc. Email us at [email protected] if you need anymore information.
Joe L (7 days ago)
I use the True strength Index developed by Blau. Work very well for me. Maybe not for you.
Jose Garcia (13 days ago)
I found that out on my own years ago.......its the best RSI and MACD
Hayden Harris (13 days ago)
None of this will help you with unborn accumulations of unknown underline reasons which control the future forex graph. regards Hayden
Trade Room Plus (13 days ago)
He's back on his other account! Hayden, we're doing an open day this Thursday - why not join the webinar for free and see what it's all aboutr? https://attendee.gotowebinar.com/register/6964537941743086338
Fredd Ayy (14 days ago)
I have learned more from this 7 minute video than hours of others haha. Great work, please make more videos!
Trade Room Plus (13 days ago)
Thanks. Will do.
Make Things Move (27 days ago)
This video make me sick
thushara chaminda (1 month ago)
RSI 70 and 30.pls tell how to setting MA,MACDONALD and others...
Lendel Galyna (1 month ago)
Thanks
suraaz kumar (1 month ago)
Chart time?
Kodali Dhanunjaya Rao (1 month ago)
Thankyou...
SirKing Horse (1 month ago)
Your MAs, are they 50, 100 or? you didn't mention that
Trade Room Plus (1 month ago)
10, 20 and 59.
Dax Mac (1 month ago)
CRYSTAL CLEAR, thanks
Ratna Kumar (1 month ago)
Thanks sir I learned a lot in this small video. Waiting for next
abdul aleem khan (1 month ago)
brother i want to trade with u how can be possible ?
Trade Room Plus (1 month ago)
It certainly is: https://traderoomplus.com/offers/
Toni Siracusa (1 month ago)
Hi I need TRS indicator (time remaining spread) show indicator TRS indicator feature: (This indicator will tell you how much time is remaining before the current candle closes) How can i download this indicator please help me : )
Trade Room Plus (1 month ago)
Google it.
Ram Krishnaswamy (2 months ago)
Over the years, I came to the exact same model by trial and error, except that, instead of RSI, I use the RSI Stochastic or plain Stochastic indicator to time the exact point of entry and exit. The other thing is, the BEST time for signal generation is not when MACD peaks or bottoms, but when the second peak/bottom of MACD forms a divergence. In general, divergence between indicator and actual price provides the most optimal signal for entry/exit.
Gary (2 months ago)
can you show us your myfxbook live account?
Trade Room Plus (2 months ago)
Not on myFXbook. I have started an eToro account a few months ago as people are asking to copy us.
annamalai kasi (2 months ago)
Thank y bro. What about cipla,8kmiles
Hollowell Jeff (2 months ago)
Great video.
Johnathan Hung (2 months ago)
Great piece. In need of some steady financial advice.
Welsh B. Cooper (2 months ago)
Great video. How do I get a trade Expert?
Jaisudhan Jai (2 months ago)
how to install
Steve G (2 months ago)
This is all crap. Rsi can be good because nearly every trader uses it so is kind of like a self fulfilling prophecy. Other than that, price action is the only thing to look at. Indicators tell you nothing that you can't see in price action alone
Jose Garcia (13 days ago)
bullshit
Vince Campillo (2 months ago)
Steve G Obviously, you have not taken the time to understand the proper use of the array of Indicators at your disposal, so therefore as many do, they put down the implementation of Indicators when in truth, they don't know enough about them. This is a good Video as they have chosen a few basic fundamental Indicators but there are more to them than explained. In my view, RSI is not that important although informative; basically Oversold / Overbought. But, just because a Commodity is Overbought doesn't mean it will falter and fall. It can get as high as 80 or 90 and keep going. Depends on the strength of the rally. It needs to be used in concert with other indicators. I use MACD as a precursor of what's to come. This indicator leads out in front of the others, so when the rally weakens, you'll see it first on the MACD, it will begin to fall and do so days in advance even as the rally moves forward signally a possible change is ahead. Bollinger Bands, ah, this is the daddy of them all. Bollinger Bands display the days outcome of Price; every trading day! When Price is in the Upper Band domain (above the Mid Point), the Upper Band determines the Days outcome. Conversely, same outcome in the Lower Band. As the Upper Band Rises, Price rises as well. Conversely, when it falls, Price falls with it. Lower Band, when it falls, Prices falls and when it rises, Price rises. When both Bands rise, Price rises. When both Bands fall, Price falls. This is what every Trader lives for. When the Bands Diverge, if Price is in the Upper domain, Price will rise as long as the Bands diverge. Conversely, the same applies. Knowing this, the Trader can be assured the rally will be intact until a change is seen in one of the Bands. When that happens, be on your p's and q"s for a possible change. Another major Indicator not mentioned is Williams %R, or W%. This indicator works in reverse. Optimum value -0%, Bottom -100. I've termed them -0 / -10 Penthouse and -90 / -100 Cellar. When a Commodity falters after a big rally, keep an eye on W%. If Price falls quickly but W% remains above the 50% mark and holds steady, usually in the -30' or -20's, look for the Commodity to rebound. If W% falls quickly with Price and moves past the 50% mark and gets in the -70's -80's rapidly, then a major change in the trend is at hand. Last one. ADX. This indicator confirms the Major Trend. I've taken up enough space here, you'll have to do your homework on this one but it is extremely effective. Thanks for the opportunity to inform Steve that there is much more to Indicators than many Traders are aware of and not be so quick to judge.
Ram Krishnaswamy (2 months ago)
Exactly. Turnarounds signaled by divergence.
Ram Krishnaswamy (2 months ago)
Then you have not fully understood the increasing power and precision that higher order statistical measures provide us. The reason you are mentioning stops while using price action is because price action can be very choppy and you can get whipsawed quite frequently. Higher order stats indicators tend to smooth out this choppiness as well as provide final tops/bottoms among a series of tops/bottoms. Unless you learn to figure out these, you will continue to confuse lack of understanding on your part with uselessness of statistics and remain at the lower end of technical sophistication.
Trade Room Plus (2 months ago)
Not necessarily. You could see divergence on the RSI i.e. the RSI may make a higher low whilst the market makes a lower-low. Your entry criteria could be an entry above the previous low, which would be after the indication. Hopefully that makes sense.
Muhammet Lexix (2 months ago)
Good luck to everybody
Houssem Ikh (2 months ago)
the best indicator is YOU .
Gaurang Solanki (3 months ago)
Excellent video... On the point and informative ... Make a video on Williams% if possible ...
Buk Lau (3 months ago)
Thanks for this buddy.
Harish Zawar (3 months ago)
I use vwap instead of supertrend. Try it. Also try stochrsi indicator. Thanks for the vdo.
BURSTMXDE (3 months ago)
This is by far the clearest and most satisfying video i have watched while learning about forex. Thank you.
keigorjai01 (3 months ago)
I am sure you will eventually loss all your money if you only trade by using the indicators such as RSI, MACD, Bollinger band, and so on... without understand the structure of waves, fibonacci ratios, risk and reward management, price reaction, and all the patterns. Good luck, man.
Game Poop (1 month ago)
Its really not that difficult, certainly not as difficult as "experts" want you to think it is. Its a basic game of probabilities. As long as you set a Stop-Loss order at 1% below the Entry Price and set a Sell Limit Order at 2% above the Entry Price you will make a lot of money. Assuming you back-test the indicators you are using and that backtest has a 40%-50% success rate you are going to enormously profitable. People have been using this strategy for decades to build very respectable fortunes in the market.
Trade Room Plus (3 months ago)
Not to mention that small part of the psychology of trading... The video isn't an exhaustive list, just to give people an idea of a starting point to develop their trading.
Manmeet Chhabra (3 months ago)
Very nice. Thanks.
Firas (3 months ago)
stochastik!!?
Trade Room Plus (1 month ago)
Good point. Not interested in others ones!
Matt Pascoe (3 months ago)
RSI is bounded so therefore an oscillator
Trade Room Plus (3 months ago)
We're not as interested in oscillators.
Vinit Chandran (3 months ago)
Thank you!
John Marvin Reyes (4 months ago)
Hi, i want to ask, how to setup the #4) super trade indicator?
Trade Room Plus (4 months ago)
On what platform?
Ranen _ (4 months ago)
Hi, which program do you use on video?
Trade Room Plus (4 months ago)
ProRealTime is the charting.
Dark Horse 3/5 (4 months ago)
I appreciate you. Thank you
Bie Fery (4 months ago)
I don't find MACD cross indicator in MT4 like you use. How to set MACD cross like you have?
John Erwin (4 months ago)
One of the best videos on technical indicators without a doubt!
greenscorpio1967 (4 months ago)
im at the bottom of the tree at the moment, so where complicate things using more indicators, when im starting to grasp the concepts of candlesticks
Trade Room Plus (4 months ago)
Indicators are 'all' based on candlesticks, so they go hand-in-hand.
Leonardo Dicaprio (4 months ago)
This video could be worth more than 100 BTC :)
Nabin Sarkar (4 months ago)
what is the software or platform are you use in this video.?
Trade Room Plus (4 months ago)
ProRealTime.
The Floogiel Trading Co. (5 months ago)
Great video regarding indicators.. You explained this really well!
Pauperganda (5 months ago)
I'm using Yahoo Finance - within options under: Indicators, I can't find both supertrend and Confluence - do they go by other names?
Trade Room Plus (5 months ago)
Confluence isn't an indicator, it's taking multiple indications at once which overlap to make a decision. Yahoo may not have Supertrend.
shahbaz aamir (5 months ago)
how good is stochastics?
Trade Room Plus (5 months ago)
It depends how the indicator is setup and what market you're trading. For example, a sideways market like EUR/GBP can benefit from stochastics to help identify areas of interest to trade the sideways price action.
Munish Kumar (5 months ago)
sir I am in india where r u?
Trade Room Plus (5 months ago)
London. How's India?
Pieter De Wilde (5 months ago)
Exelent video. Learned a lot from it!
Tech Idrees (5 months ago)
these indicators are useable in crypto
Trade Room Plus (5 months ago)
They can be, but be aware of the limited history of Crypto.
Ace Joe (6 months ago)
Can I get signals for free?
Trade Room Plus (6 months ago)
Sure, visit this page: https://traderoomplus.com/offers/
Ulagarasan Mallick (6 months ago)
nice
HasViral (6 months ago)
tooop video
SHIV MS (6 months ago)
Nice
SHIV MS (6 months ago)
Nice
Officer Gregory Stevens (6 months ago)
Anyone have favorite real time data providers who are as good or better than iqfeed and offer a free trial?
Arthur M (7 months ago)
Using RSI and MACD successfully to find trends and make profitable trades. Great video!
Motlatsi Rats'oane (7 months ago)
What is the name of that signals?i love to know and you them well.Can you please inbox me. I have subscribed.
Trade Room Plus (7 months ago)
Which signal? All the indicators are on the video.
'Dkz-. (7 months ago)
Remarkable video. Very clear and concise explanation, also an enjoyable voice. Subbed and hoping to learn more
Josh (7 months ago)
This is the best informational video I've ever seen in my life. Thank you & subscribed.
Bill Graper (7 months ago)
From experience, all of those indicators are crap. It's still a 50/50, and it seems like it's even worse odds when you go live. I've studied every single indicator in the Ninjatrader platform, which includes all of these. I have done multiple tests with multiple time frames, multiple settings, etc, using every single instrument. I did this for a couple of years. NONE of these indicators work! I'm telling you, DO NOT be sucked into these lies. Overbought, oversold, big moves, little moves............... You can look at ANY chart long term. Sometimes the indicators gave a good signal. Then you keep going forward & you'll see a bunch of times when they didn't work. You can look at one time frame & it'll give a buy signal... then switch to another time frame & it might give a sell signal. There is NO WAY to predict where the market will move! You will lose more often than you will win & you will be frustrated.
Trade Room Plus (7 months ago)
It's interesting you write, 'from experience'. Our experiences shape our beliefs. Someone who has had positive experiences with TA will come to the opposite conclusion. My view is that a combination of TA and discretionary judgement about the specific market the trader knows well is best way to trade.
Hayden Harris (8 months ago)
Lets not forget that the reason the graph moves in its manic way, is because what causes its movement is always changing and its impossible to know the amount of causes between any forex time line points. If a person wants to choose a trade period then that person would have to know the exact underline reasons and then calculate their affect on their trading in and out points which is impossible. Traders are starting and stopping trades whilst game is in play. The information in the graph is purely cosmetic like writing down and studying the numbers from a game of roulette.
JoshuaH88 (7 months ago)
Wow
Hayden Harris (7 months ago)
Thank you, Hayden
Trade Room Plus (7 months ago)
All the best.
Hayden Harris (7 months ago)
Ok and thank you, I look forward. regards Hayden
Trade Room Plus (7 months ago)
The point is 17% of people manage to successfully work from the graph / TA. They are defined by the FCA as 'consistently profitable' which means they are consistently making more than they lose over time. Brokers are going to have to produce data on profitable / losing clients soon (the US already has to) so that'll give you insight.
Hayden Harris (8 months ago)
This will help you to understand logic so here we go. Playing the forex is nothing to do with candle sticks and the rest of that nonsense. To win on the forex, you have to catch a run on the graph, and to do that successfully for your trade period, you would have to know all the exact combinations of influences of the graph journey for your trade period, which is impossible to do because they are infinitesimal.
Trade Room Plus (8 months ago)
I think that's the most cumbersome way possible of writing, 'you need to know the causes of the effect in order to benefit from the effect'. Regardless of how it's written, it isn't true.
Dann (8 months ago)
Is the signal line on MACD also known as SignalEMA??????
Esam Alenaizi (8 months ago)
One of the best and most straightforward technical indicators videos I have seen! Thank you very much for sharing this with us. I have one question if you don't mind me asking. In your opinion, do you think RSI is more effective and accurate than Stochastic or using either of the two would be fine? I mainly trade 4h and daily charts and I have tried to compare both on MT4 and still trying to figure out which will be have a more effective buy/sell signals. Another factor is setting. Some recommend the 80/20 over 70/30 approach on RSI which is believed to show more reliable signals. What are your thoughts on the differences of these two tools and their settings. Thank you!
Ram Krishnaswamy (2 months ago)
I use Stochastic (and even the RSI Stochastic) because it provides crossover signals. But the following rule could give you equally good precision in both indicators. Use the rising bottoms/declining tops continuations to point out that the trend continues to be on (especially above the 70/80 and below the 30/30 demarcations). When this trend reverses (rising bottoms/tops fails and declining tops/bottoms start, for instance), the change from rising to falling or vice versa, along with divergence between indicator and price will point you to an accurate top/bottom in the actual price.
Al Cor (8 months ago)
Most informative video on TA I've ever watched! I learned a lot, thank you very much!!!
Raphael Charles Pinon (8 months ago)
What is supertrend known as? I can't seem to find it in my indicators...
Trade Room Plus (8 months ago)
It's known as Supertrend.
Raphael Charles Pinon (8 months ago)
I'm not able to click on the 3-part candlestick series. Could anyone send the link?
Trade Room Plus (8 months ago)
Here is part one: https://www.youtube.com/watch?v=ohwgFf8SmZY
EL GRINGO LOCO ! (8 months ago)
HA HA HA LOL @ .45 SECONDS! The chart on the left is hilarious as that is something that is tempting to do when you first start using charts!
bonie lebohang (8 months ago)
Can you please share the indicators to me. My email is [email protected]
Trade Room Plus (8 months ago)
They're built into the charting package. You can't share them via email because they'd only work on PRT, which means you have to have PRT and therefore have the indicators.
Edward Gaunson (8 months ago)
hi
Paper Plate Food (8 months ago)
what a great video! i learned u a lot. keep up the good work 👍🏼 subscribed
Sunil Kumar (8 months ago)
we need to appreciate that video thanx man
chirag chopra (8 months ago)
Awesome
Jordon Tucker (8 months ago)
Earned my sub! Going to leaurn loads, this video is so clear! Great work 🔥
Trade Room Plus (8 months ago)
Thanks, make up to sign-up for our training list you can find in the description in any of our videos.
Brandon B. du-Long (9 months ago)
Having trouble finding the Super Trend Indicator on Trading View. Could you advise anything I might not be looking at...is it under a different name or acronym??? Thank you...this video was excellent.
Trade Room Plus (9 months ago)
Search for 'trading view supertrend indicator' - there are some people who've done the code.
Somnath Shelke (9 months ago)
How to trading in low volume stocks?
Trade Room Plus (9 months ago)
Why would you want to trade low volume stocks? Large spreads, illiquid etc. So many liquid and large volume stocks to choose from.
TheElectroMeister (9 months ago)
This is the best video on indicators. Lotsa videos with no value.
TO JA !! (9 months ago)
Hi with chart you use
Trade Room Plus (9 months ago)
ProRealTime.
Abhi Bhardwaj (9 months ago)
Thanks sir for clearing the concepts :)
Arslan. Ishaq (9 months ago)
hi I am facing loss every body guide me???
Trade Room Plus (9 months ago)
Take the loss.
Neel iyer (9 months ago)
This is one of the best Indicator Videos ever. Still good... I am using the same in Tradingview for Crypto-currency market analysis
Ramon den Hartog (9 months ago)
Thank you for this excellent video. How would you use the MACD and RSI to guess at which price it will go into the overbought or oversold state for putting sales/buy orders down? Because the graph is not linked to the prices/decimals, or does 30 mean it's 30% under the average of the current price? I hope you get my question.. no idea how else to explain myself haha.
Trade Room Plus (9 months ago)
The overbought and oversold conditions are relative to the previous price action. If the preceding periods are flat / not volatile it would mean it does't take much movement to put the market in overbought / oversold conditions so this needs to be considered. You'd most likely combine the RSI coming out of overbought / oversold with the MACD crossing either itself or the middle line. The settings would depend on the specific market being traded. Hope this answers you. Come to our next free training session: https://attendee.gotowebinar.com/register/2671114349110269441
Prithvi Srikanth (9 months ago)
Best video on Indicators. Thank you.
Interesting
James Silva (9 months ago)
Gets to the point; no fluff or garbage stating "these indicators ensure the highest profits." Gives good descriptions and examples to further your knowledge in this area. Subscribed.
David Hay (9 months ago)
wow
sonnyjem (9 months ago)
you got me to subscribed cause you don't muck around and didn't lie thanks..,..
Will Paior (9 months ago)
Top stuff !
Richee Rich (10 months ago)
straight to the point! excellent presentation, thankyou
Vaiju Mhalsekar (10 months ago)
EXCELLAT EXPLANATON I TRADE ON INDIAN NSE & BSE BUT INDICATORS ARE SAME I COULD NOT UNDERSTAND INDICATOR CONFLUENCE
bonrong chek (10 months ago)
thank you for sharing. honestly, please help me how to set indicator MACD and Stochastic combine together. previously big thanks
Eduardo Guimaray (10 months ago)
Very well done video. Kept it simple and to the point with great information. I recently tried to watch another indicator video from a guy who sounded like he was on cocaine lol
ghyrvy caballero (11 months ago)
Thanks a lot for this bro, You save me! You deserve a Heroic Award!
Trade Room Plus (11 months ago)
I'll accept a Heroic Award!
Chey McRey (11 months ago)
Hot damn that was helpful, thank you so much
Zorro Zorro (11 months ago)
what is the best settings for MACD?
Trade Room Plus (11 months ago)
It depends on the strategy, instrument etc. We have ours inline with our moving averages 10 / 20 / 10.
sanjay masand (11 months ago)
Thank you! You explained it very well. It cleared a lot of doubts!!
Ahmed Hakeem (11 months ago)
Great vid
Mabal Immob (1 year ago)
Very nice video and presentation
Nathanael (1 year ago)
Hey what’s the best Time for candlestick ? On forex trading Time 60second - 15 minutes
Trade Room Plus (1 year ago)
We'd never trade Forex on anything less than an hourly time frame.
RedStone 2:16 (1 year ago)
there is no supertrend indicator on metatrader 4
Trade Room Plus (1 year ago)
Search for it on Google you'll be able to download one.
Tri Beard (1 year ago)
amazing video. subscribed
This is informative. Thanks.

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.