So today in this video I am going to tell you about my five favorite indicators. If you want to use those five indicators from today itself, then you can definitely do so because it will increase your trading accuracy. These five indicators are giving me results and will definitely give you results too. Now it may be that many of you say that sir we have already learned price action. Price action is a leading indicator and most of the indicators follow the price only. But let me tell you one thing, many times it happens that our view is not correct. If the view is not correct then it is possible that you may miss a big opportunity or you may also suffer a loss. But indicators help you a lot in correcting your view. So now which are those indicators that I use myself, I am going to show you that now. So now you see here I have used a lot of indicators. If you have taken something then I will tell you one by one what it is and what we will understand by doing it one by one The chart you saw in the last video is still there. We told you that the price took support at the pivot point and how far it will go from the support, which is its next resistance. Okay, so the price has tried its best to go near the resistance. Now, let’s understand support, resistance and price action. Now we are talking about an indicator. This indicator which I have taken is Superdent. First of all, I asked you to change the setting of Superdent. So, the setting I use here is 20. The length becomes a little faster than two times. You will get better results. Now see, trade with Super Trend. How to do it
Let’s understand we have to understand five indicators
In a single video so I will keep it a little fast
This video is available on the internet
So you can watch it as many times as you want
It is available
You will definitely enjoy it by taking time out
I told you in the beginning
Trend is your friend
Trade with the trend
Don’t make the mistake of trading against the trend
So at a glance super
Trend tells you which trend is going on
It only follows the price
If the price makes lower highs it will show you
That the down trend has come and if it makes higher highs it will show
That the trend has come now
It is simple now you have to follow the trend
Don’t trade against the trend
By trading with the trend you can make big profits
Now let’s assume that you thought on this candle that
Bhaiya I can see on this candle that super trend has given
That the down trend has started sir
When is the entry then you can make the next entry you can take a stop loss in this candle you have to see that The low of the previous candle has been broken. As soon as the low is broken, you get the confirmation. You can check the second entry volume. Now you have got the confirmation of the entry. What is your stop loss? The stop loss will automatically become the super trend for you. This super trend is not changing. This means that as long as the trend does not change, if you see that here the down trend is continuing, the down trend is going on. This is okay. You know, as long as the trend is not changing, after the trend changes your stop loss is hit. You should exit. But if the trend is not changing, just look at the super trend. You can get a big profit. Now we have forgotten the support resistance for 1 minute. We have forgotten every single thing that we learned earlier and even if you trade on small time frames, you can get a loss. Let me show you an example. Here if I come on 1 minute instead of 5 minutes, then you should not trade on 1 minute. But if you look at 1 minute, you were in an uptrend. But there was no profit, so it became a downtrend. There was a little uptrend. Okay, there was a little profit. So you should not look at small time frames. The bigger the time frame, the more the accuracy will increase. Suppose if you look at 15 minute time frame, you can find big trends on 15 minutes. And the advantage of staying with the trend is that you can get big profits. But for intraday I will suggest you 5 minute time frame only because if you trade intraday then I myself look at 5 minute time frame so you can also follow 5 minute time frame and then 15 minutes for better accuracy now you have traded according to the down trend,