5 references to using technical indicators from Barbara Rockefeller

1. Listen to the price carefully
Barbara's first rule was related to paying attention to the price of a bar or candlestick pattern. According to traders who have a realistic view, there is a lot of information stored in price formation. Each price pattern can be used to read market sentiment. For example, when a series of higher highs is followed by close prices at a lower level or even a daily low, it is a clear signal that market participants have ended the bullish trend.

Because technical indicators basically use prices as the basis for mathematical calculations, listen carefully to prices through a bar or candlestick pattern. This step can later help you get a clearer picture when using technical indicators.


2. Understand Your Technical Indicators
Only use indicators that you think are "reasonable". In other words, if you don't understand how to read signals or the performance of an indicator, then don't use the indicator. No matter how good the indicator is said to people, it still won't be useful if you don't understand how it works.

"There are quite a number of indicators that you can use in this world. Think of technical analysis as a specialized supermarket indicator. If you haven't found an indicator that fits in one section, then keep looking in another section. Don't force an indicator that clearly doesn't fit because the product is considered the best-selling, "advises Barbara Rockefeller.


3. Trading on What You See
Price patterns such as bottom, triangle, head and shoulders, etc. can help you identify the direction of the next price movement. "When you see a double bottom pattern, you will get a buy signal because ideally prices will move up after forming the pattern. This principle often proves to be right and can bring about 40 percent gain," Barbara said.

Price Pattern
Some patterns are easy to see, but some are a little trapping. In order not to be confused, just pay attention to what you think looks really clear. "If it can't be seen then don't use trading," that's what tips from Barbara Rockefeller. This also applies to the use of indicators. You do not need to force trading if the indicator signal appears unclear.


4. Use Support and Resistance
Because it is used and agreed upon by all technical traders, Support and Resistance (SR) must always be applied. SR can be observed in various ways, starting from putting up a horizontal line on the chart, to rely on Fibonacci type technical indicators. "As a precautionary measure, always pay attention to the support level of your trading instrument. If the price breaks from the SR level, then get ready to act immediately," advises Barbara Rockefeller.


5. Follow the Breakout Principle
Just like support and resistance, the principle of price breakout is also universally recognized by traders. Whether you enter or exit, trading following the breakout direction is almost certainly profitable. That's why you need to understand the principles of trading with breakouts, while learning how to recognize false breakouts so that you don't get caught up in 'false hopes'.


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very interesting explanation and can also be a learning material for me to get to know this technique, and this is very useful for me,

Trading needs to be as simple as possible and requires a lot of focus. Don't try to mix things up at the same time or learn a lot of things in one training because it would make us waste a lot of energy to consume on concentrating and memorizing things. I'd prefer beginners to learn how to trade in price action first without using any indicators then look what market price can do for you by showing its various patterns. There should be something we can use as our trading reference.

very interesting explanation and can also be a learning material for me to get to know this technique, and this is very useful for me,

what makes you interested bro ?? yep this is an analysis of a famous trader, because the discussion above is from the results of his personal experience and research

I really agree with that statement because when we analyze we have to be careful with what we will use to open a position and we must know for sure which indicator we will use so between price and indicator or meet the right point