The road to pipland is arduous and fraught with challenge.
- Joined Jan 2011 | Status: Senior Trader | 1,475 Posts
Bulls are stupid Animals!especially when Im short!
The Secret: How to break through your psychology 8 replies
secret Renko time indicator 1 reply
The Secret of Reduced Market Spreads, by Joe Ross 2 replies
Winning secret 2 replies
Twoblink and "The Secret Sauce" 79 replies
DislikedThe only way that a secret indicator can work is if it is able to detect the movement of the major players.Ignored
Disliked{quote} It's probably silly to reply to an old post, but...... ..... suppose the quoted statement were true. Well, the only data from which indicators can be built is price and (if MT4, br0ker tick) volume. Hence you'd need to show that heavyweight movement can be detected from price and volume, reduce the pattern(s) to a codeable formula, and also -- for the indicator to add value -- that it highlights behavior not immediately obvious by merely looking at the chart itself. Also, gotta love that word "secret", a word that's frequently used in dubious...Ignored
DislikedShow me an indicator that 'appears' to win all the time
..........
the 'fundamentals' are the key, not the indicator itself.Ignored
DislikedAfter 8-9 years of experimenting with forex, I've reached very similar conclusions to yours. Nonetheless, I personally know a couple of traders who have been profitable with some consistency, over several years, by using technical analysis (but not through the use of a "secret" indicator).Ignored
Disliked2. If you know anyone successful (in any field of endeavor), it is because they know something that you don't. 3. Whenever you ask these individuals, they simply reply that they do such and such... but the truth is that they're simply being polite, instead of saying "I'm not going to tell you." And then, as a typical human with cognitive biases and irrationality, they wish you to "work hard and you will get there someday". They will lie and look you in the eyes and say, "I told you everything. I'm not hiding anything."...Ignored
DislikedDo you have a secret indicator that no one knows about, but works consistently in making you money?Ignored
DislikedThe only way that a secret indicator can work is if it is able to detect the movement of the major players. If such indicator exist, than it is worth searching or building for. //// Let me ask you. Why would a major player decides to sell or buy at any particular price? What is the reason behind that? If you know, that is where the secret lies.Ignored
DislikedA Honest Reply to "Secret Indicators" {image} 1. You will never believe a black swan exist until you see one. No amount of rationality and logical reasoning will suffice. (Note: This statement also doesn't suggest that you should start believing, if you haven't seen one.) 2. If you know anyone successful (in any field of endeavor), it is because they know something that you don't. 3. Whenever you ask these individuals, they simply reply that they do such and such... but the truth is that they're simply being polite, instead of saying...Ignored
Disliked{quote} Hi CrucialPoint, I didn't know whether to post in your thread or here so I'm giving it a shot and post it here. Before i get to the point, i just want you to know that i'm not trying to get spoonfed. I'm just a trader that has started a journey in absorbing new knowledge about the market, and I'm trying to see it from your point of view. I have stumbled upon some path that I am unable to pass. Earlier in your posts, you mentioned about the technical foundation of indicators- that most(if not all) have the same end result if you were to change...Ignored
DislikedA Honest Reply to "Secret Indicators" {image} 1. You will never believe a black swan exist until you see one. No amount of rationality and logical reasoning will suffice. (Note: This statement also doesn't suggest that you should start believing, if you haven't seen one.) 2. If you know anyone successful (in any field of endeavor), it is because they know something that you don't. 3. Whenever you ask these individuals, they simply reply that they do such and such... but the truth is that they're simply being polite, instead of saying...Ignored
Disliked{quote} As I doubt very much he'll reply, here's my two cents, for analysis of a tick chart it seems no indicators (popular) can be used, it has to be a fundamental understanding of price movement, HH HL,time and price magnitude, but hey I'm no expert, the best in plying his route.Ignored
Disliked{quote} Thank you for the contribution. I understand where you're coming from, i truly do and i do agree that we have to understand the fundamental factors for price movement. What im trying to do is dissecting the price movements behavior. Im trying to find the reasons as to what causes the HH HL. I believe CrucialPoint has pointed out a few times that's what his system does and i quote "...it's the measurement of the influx of money coming in and out, period." - CrucialPoint. In other words: he has the equipment to analyse what causes the behavior....Ignored