{"id":25192,"date":"2011-11-14T15:53:56","date_gmt":"2011-11-14T20:53:56","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=25192"},"modified":"2011-11-14T15:53:56","modified_gmt":"2011-11-14T20:53:56","slug":"what-are-the-best-technical-indicators-for-successful-trading","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/11\/14\/what-are-the-best-technical-indicators-for-successful-trading\/","title":{"rendered":"What Are the BEST Technical Indicators for Successful Trading?"},"content":{"rendered":"<h3><span style=\"font-size: small;\">8 technical analysis tools that give any trader an edge <\/span><span style=\"font-size: small;\"><br \/>\n<\/span><\/h3>\n<h3><span style=\"font-size: small;\">By Elliott Wave International<\/span><\/h3>\n<p>You may have seen a TV ad where &#8220;traders&#8221; describe their strategies, and one says, &#8220;I trade on fundamentals.&#8221; That sounds very reassuring &#8212; except that, on any given day, &#8220;fundamentals&#8221; are a mixed bag:<\/p>\n<ul>\n<li>You might have a good U.S. employment report&#8230;but bad news from Europe<\/li>\n<li>A positive Fed statement&#8230;but a negative housing number<\/li>\n<li>Strong earnings&#8230;but slowing consumer spending<\/li>\n<\/ul>\n<p>And so on. Which &#8220;fundamental&#8221; factor trumps the other? Which one carries more weight in your forecast? Your guess is as good (or bad) as anybody&#8217;s.<\/p>\n<p>Your alternative is technical analysis, which forecasts the markets&#8217; short- and long-term moves based on <em>objective<\/em> metrics, not guesses.<\/p>\n<p>Here at EWI, we&#8217;ve always strived to help our readers learn to think for themselves. So we&#8217;ve put together for you a <strong><span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa219&amp;dy=aa111411&amp;url=http:\/\/www.elliottwave.com\/club\/technical-indicators\/default.aspx?code=51243%26articleid=2634\">free 8-lesson report, &#8220;Best Technical Indicators for Successful Trading&#8221;<\/a><\/span><\/strong> that teaches you how to use these technical tools:<\/p>\n<ol>\n<li>The Personality of Elliott Waves<\/li>\n<li>Head and Shoulders Pattern<\/li>\n<li>Fibonacci Retracements<\/li>\n<li>Advance-Decline Line<\/li>\n<li>Sentiment<\/li>\n<li>Volume<\/li>\n<li>Trendlines<\/li>\n<li>Momentum Analysis Using MACD<\/li>\n<\/ol>\n<p>Here&#8217;s a small preview of this free 8-lesson report.<\/p>\n<blockquote><p><strong>Trendlines<\/strong><\/p>\n<p>A trendline represents the psychology of the market; specifically, the psychology between the bulls and the bears. If the trendline slopes upward, the bulls are in control. If the trendline slopes downward, the bears are in control.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.elliottwave.com\/images\/freeupdates\/image\/trendline11-10-2011.JPG\" alt=\"\" \/><\/p>\n<p>Moreover, the actual angle or slope of a trendline can determine whether or not the market is extremely optimistic, as it was in the upwards sloping line in Figure 1-1 or extremely pessimistic, as it was in the downwards sloping line in the same figure.<\/p>\n<p>Now we&#8217;re on to the fun part &#8212; drawing trendlines. You can do this several different ways&#8230;<\/p><\/blockquote>\n<table>\n<tbody>\n<tr>\n<td><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.elliottwave.com\/images\/club\/web_ads\/4346-pr2.png\" alt=\"\" width=\"100\" height=\"176\" align=\"left\" hspace=\"5\" \/><span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa219&amp;dy=aa111411&amp;url=http:\/\/www.elliottwave.com\/club\/technical-indicators\/default.aspx?code=51243%26articleid=2634\"><strong>Finish Reading This 8-Lesson Report Today, FREE<\/strong><\/a><\/span><\/p>\n<p>In this free report, you will learn some of the most effective tools of the trade from analysts at Elliott Wave International, the world&#8217;s largest technical analysis firm.<\/p>\n<p>Find out which technical indicators are best for analyzing chart patterns, which are best for anticipating price action, even which are best for spotting high-confidence trade setups &#8212; plus how they all complement Elliott wave analysis.<\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa219&amp;dy=aa111411&amp;url=http:\/\/www.elliottwave.com\/club\/technical-indicators\/default.aspx?code=51243%26articleid=2634\"><strong>Download your &#8220;Best Technical Indicators&#8221; report now &gt;&gt;<\/strong><\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>\n<p><em>This article was syndicated by Elliott Wave International and was originally published under the headline <a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa219&amp;dy=aa111411&amp;url=http:\/\/www.elliottwave.com\/freeupdates\/archives\/2011\/11\/10\/What-Are-the-BEST-Technical-Indicators-for-Successful-Trading.aspx%26articleid=2634\"><strong>What Are the BEST Technical Indicators for Successful Trading?<\/strong><\/a>. EWI is the world&#8217;s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>You may have seen a TV ad where &#8220;traders&#8221; describe their strategies, and one says, &#8220;I trade on fundamentals.&#8221; That sounds very reassuring &#8212; except that, on any given day, &#8220;fundamentals&#8221; are a mixed bag:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-25192","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/25192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=25192"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/25192\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=25192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=25192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=25192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}