This is how I make Money Trading
The Following Indicators are my favorite in Order
This is how my chart looks while I am Trading.
1. MACD
-When The MACD Crosses the "Signal Line" in an Upwards Motion it Signal for an Uptrend. If the MACD crosses the "Signal Line" in a downward motion it signals for a downtrend.
2. PARABOLIC SAR
-Very very Simple. When the DOT crosses over to the opposite side, it signals for a trend reversal.
3. Bollinger Bands
-The Bollinger Bands serve as Support and Resistance lines. Crossing or Reaching the top or bottom line can lead to a trend reversal.
ALWAYS REMEMBER:
These are my favorite indicators, they don't necessarily have to be your favorite. I just wanted to give a little insight as to how I trade and What I look for when I trade.
Credits-
Images are from Google Images. Except the first one; It is from Trading View.
Tools:
- picresize.com
- imgur.com
- Tradingview.com (What I use for Charting)