Technical indicators:mrtq13

I think :

The first thing about Technical Indicators is,if we believe in them..............
The second thing about Tech Indicators is,if they are suitable for our own personality.................
The third thing about Tech Indicators is ,if we have really understood them and can play with them.............

It looks like you have missed all points needed to chose the indicators for Technical analysis......................

I would have chosen Candlesticks just to assess market sentiment of a specific day. Candlesticks hardly ever show long term trends. It is just a quick exhibitor of a day's sentiment............

I would have chosen Heikin ashi to see longer term trend and to get rid of whipsaws........................This is not the main chart that I would use,just supplementary chart to the main chart............

I would have used Moving averages to find out if the market is in uptrend or downtrend,or about to reverse..........

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But most of all,I would have at first have faith on any indicators. Otherwise,I would have not learnt Technical analysis.Because it is worthless to do go ahead in TA world without beleiving in it. ...........Believing is doing,believing is winning............

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What you have asked is a matter too advanced. You are looking for a way to trade "anti-trend"..........I think only too advanced TAs should try such stuffs,and try to buy at market fall(when bear rules)/or reverse....................Say for example,DSE index is now at a nice position. Now it is easy to take decision for any advanced level of TAs to enter in the market. Because now TAs know if the Index goes below the support line,that is a "sure exit". But if not,then heaven is there....................

Now have a look at the Index below and the positions of the moving averages. If you want to buy,it would be wise you bought when the Index below crosses the Yellow Moving Average..........Because it means the market has just reversed,may be in short term length...........And this is in way would be an "anti-trend" trade if we start to buy now. Because market is in falling mode now,but the Index's position is too good at the moment that it may reverse from here. So,taking risk now makes sense..............



Still,it is not something that anyone should try............Like I said,it is a matter of Advanced Level. But be it "anti-trend" and "trend",nothing is better than "moving averages" to catch trend.When we combine Pivots with MAs,it becomes more stronger................And only when you can understand trend and its moves,you can trade in Bear moves.............