What indicator do you use for tp and sl

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Vivek Vyas
217
Vivek Vyas  

I use support and resistance but want to work on fibonacci or pivot point indicator as they might be  best,

what is your opion ?
Sergey Golubev
Moderator
108483
Sergey Golubev  

Those options are different ones - some people prefer fibo and pivot, and the others are using s/r for example. Support/resistance (s/r) systems are more related to price action systems. And fibo and pivot - for any classical or signal system.

As to me so I like pivot. 

Tan Phan Ngoc
1258
Tan Phan Ngoc  
expertarts:

I use support and resistance but want to work on fibonacci or pivot point indicator as they might be  best,

what is your opion ?
You must choose few indicators.
Widy Prasetyo
383
Widy Prasetyo  

I don't use indicator to set TP-SL.... not even using Resistance-Support lines..... Just simply use 50 point (pip) for TP and also same 50 for SL

and OP at high (upperBB) for make Sell,,, and OP at low (lowerBB) for Buy ...... (offcourse after few hours calculating & analyzing market movement)

Izzatilla Ikramov
12585
Izzatilla Ikramov  
I use levels of support and resistance of the trendlines, and Fibo
ramasubbu velayutham
2030
ramasubbu velayutham  
i use mostly the pivot 
Ian Tavener
1332
Ian Tavener  

For my trend trading, I use ATR*3 for SL and TS, with no TP

For my swing trading, I use Bollinger Bands for SL and TP, but it's not a hard TP.  TP is the trade closes when price crosses the opposite band.

I never pay attention to S/R levels (well, I guess I do if you count BB or MA), and I've never thought anything about fibs.  I think fibs only work because people think fibs work.  Of course a price will bounce off of 66.7% retracement, if everyone thinks it's going to bounce and so they put their limit orders on it. 

Imtiaz Ahmed
11503
Imtiaz Ahmed  
Stochastic.. sometimes not always...
Olivian Calancea
1026
Olivian Calancea  
only chart
Pavonine Asia
811
Pavonine Asia  
only use indicator for entry, and target pips for exit, usually put 50pips per trade :)
arthur nanggola
524
arthur nanggola  
Ichimoku and bands, sometimes ma
12
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