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What are the Best Day Trading Indicators to Use?

Understanding Day Trading Indicators


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Hey, traders, it’s Marina, the trader chick, and I’ve got a question for you

Do you use indicators? How many indicators do you use on your chart? 

Stick around because you’ll be surprised how many indicators people use and how many you actually need. 

All right, so here we’ve got our charting platform, if you haven’t found out what a charting platform is, check out my video about charting platforms, because if you don’t have your canvas ready, sorry, people, you are not going to be able to trade properly.

So first things first, get that charting platform, get installed, get it up. And now let’s figure out about these indicators. 

But first understand that although indicators are an extremely important aspect in trading and in this post I give you what I think are the best day trading indicators for me, it’s important to discover what works best for you.

And the only way to find the best day trading indicators for you is to have a solid foundation in the fundamentals of day trading principles and financial market movements. With this knowledge you will be able to develop your own strategies and trading style and the best day trading indicators that work for you.

What are indicators? Why do we need indicators and charts? What are they for? 

So let’s just step back a tiny bit before we get anywhere because I hear a lot of people like, oh, I really just like to trade on bare naked charts. I just love price action.

Hey, you know what?

I hear you. I love it, too. I’ve been doing that for a long time. Not with real money, though, because the reality is you can’t just enjoy a naked chart. Think of yourself as an archer. And I actually think archery and trading are very similar, especially once we are in a trade.  

What happens with an archer? They have a very specific place that they are shooting from and shooting to. They know where their arrow is going, and they are going for that bullseye.

Recommended Read: bull and bear trading

But are they walking around aimlessly? Are they just walking all over the place on an empty field and deciding, oh, you know what? This looks like a good spot, I think I’m going to shoot my arrow from here. Why? Why would they shoot it from there? What’s the reasoning behind it? It sounds completely absurd when you think about an archer doing that.

Yet, for some reason, traders think it’s totally OK saying “hey, you know what, that bar looks really good, I think I’m going to enter because I think it’s going to go.” 

Why would that bar go there? What’s the reasoning behind it? Where are you going? Where are you getting out? So this is what indicators are for me.

So just a bit of retrace and a little bit of a story to tell you. When I first began trading, I used almost ten different indicators. My mind was buzzing all the time. I was feeling like I was in paralysis analysis almost all the time.

what are the best day trading indicators?
The best day trading indicators I recommend to use are the most basic universal indicators that are offered with every single charting platform – for free.

I don’t know if you guys have ever seen that show King of Queens, it was a show long ago, it’s really funny. 

So there’s this one episode where I think the main character’s name is Kevin Smith. Anyways, the main guy. Right, the King of Queens, he bought himself, I think it was like a 72 or a 90-inch television screen and he made this whole TV room downstairs, and he invited all his buddies.

And on top of having this ridiculously insane screen, he also got like DirecTV or some other kind of cable thing that had like a thousand channels. 

And all he kept on doing with his buddies was flicking the channel like every half a second. And his buddy is like, “no, stop, you are going to trigger my epilepsy.” 

You know what, when you got all those indicators blinking and shining and telling you this or telling you that. You know what happened to me, I felt like I was about to trigger an epileptic seizure practically every time.

And if it wasn’t that it was some sort of a seizure. Because I was constantly running into total trading analysis paralysis. After I had a massive breakdown I lost all this money because I was just totally out of control. 

Following the wrong indicators, going for wrong profits. I completely shut down. I stripped my chart, came back, and I only studied the naked chart and I tried to figure out where was the best places for me to enter. And honestly, I was one of those aimless archers that didn’t know where to shoot my arrow from.

Day Trading Indicators

And that’s when I decided to study on the most basic universal indicators that are offered with every single charting platform. So you do not need to get any expensive kind of stuff because any charting platform that permits you to have universal indicators works beautifully. 

And so I decided my particular chosen indicators are the EMA, well actually I have 3 indicators I like. I use them all as either a place to shoot from or to shoot to. So they all have very important roles in my trading at different times.

I never use all three of them at once. I know exactly when to use them all. OK, those are my three.

What are EMA Lines?

They’re just the exponential moving average lines. So as you can see here, I have three that I use. I use a 20 period, the 52 period, and 135 period. I do not recommend you guys just put up these without understanding the strategy. I will be more than happy to tell you my strategy.

Just email me at thetraderchick.com. You can contact me from there or thetraderchick@gmail.com as well.

MACD Indicator

So I talk a lot about that, and then I use the MACD’s. I love the MACD. I don’t do anything without the MACD. I find that indicator to be the least lagging indicator of all the indicators that exist. Again, that is my personal choice. You guys decide what you like, but decide and stick to it.

Best Day Trading Indicators
The best day trading indicators in my opinion and that I use daily are EMA lines and the MACD.

Don’t just use it aimlessly like an archer and then decide you don’t want it. I use my EMA lines. That is my standing point to shoot from. Where do you shoot from, and where do you shoot to? 

If you don’t know those, you could be in a lot of trouble. So here’s a little deeper into my EMA indicators. As I said, I use three, the 20 EMA period, the 52 EMA period and the 130 EMA period and the MACD.

I love the MACD. They are so simple. If you look at that dash line, that’s your zero line. Anything way above that, means the market is giving me strength, head up anything below, means the market is giving me strength going down. 

I do use it with divergences and reversal patterns. If you guys don’t know what reversal patterns and divergences are, sign up for my free mini course simplifyingdaytrading.com, right now.


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Because you cannot continue trading if you do not have your basics down.I don’t care which market you are trading, but you need to know the basic language.

And MACD’s, if you don’t know how to find divergences, doesn’t it have to be MACD, it could be with any other indicator that you guys are using, you need to know what divergences are as well as reversal patterns, support and resistance areas are.

These are my indicators and I love them dearly. What are your indicators? I would love to know more from you.

Tell me down here below in the comments section, what do you guys use? I want to know and make sure that you subscribe to the channel and sign up simplifyingdaytrading.com and get all the free goodies.