1. Moving Averages
For many, a moving average is the first indicator learned in the beginning. Then - it's easy to overlook the power of a moving average when the novelty wears off. To millionaire traders, a moving average is the heart and soul that reflects the psychology of market participants and market mood. For instance, when price action exceeds a moving average rapidly, this can have a mental effect on rookie retail traders signaling for them to enter. In contrast, depending on the associated event, this move can be valid. The key to success is to use moving averages in context with other indicators like price action, volume, and volatility. Don't EVER rely on a single indicator.
2. RSI
RSI is a powerful tool in the right context and when used in combination with a moving average. Also the RSI can give extremely reliable entry points in a sideways market. In contrast, RSI can give false entry points in a trending market due to it's cyclic stochastic nature. Use RSI to determine the strength of the market, then combine it with a moving average to confirm a strong move down or upward.
3. Price Action
Price action is everything. The candlesticks don't lie, long candle = strength+momentum, short candle = weakness + reversal , and this cycle repeats again and again. But what makes this all magical, is when combining the behavior of multiple candles in sequence. A sequence of candles will always reveal the true story. Yes, the stock market is very random, BUT a series of candles can always be indicative of market mood, and often serves a more reliable prediction of what's to come in the future. Combine price action with the indicators mentioned above and you're on your way to a profitable career.
4. Volume
Volume and price is the mirror of the stock market. It's a direct reflection of what's currently happening. And personally I don't take a trade unless I can interpret volume. It's simple, large volume is indicative of liquidity, strength, and a predictor of a possible reversal. When price action shrinks into large volume, you can bet on a reversal. Depending on the context, volume can indicate a huge rotation out of one sector and into another sector. Combine volume with price action and wait for entry and exit signals.
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