- Joined Aug 2009 | Status: Reading the TAPE | 2,334 Posts
Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect
How many parameters are too many? 0 replies
Why do so many people use MT4? 55 replies
Why so many indicators, oscillators, and tools on charts 131 replies
What indicators do Hedge Funds use or do they even use one? 12 replies
How many pairs is considered too many? 8 replies
Disliked{quote} Next time you go to the grocery store, ask the person in front of you, behind you, the cashier, the security guard, the manager, and anyone else you see in the area, to show you their bank accounts, either on their phone, or with a check book, or go to the ATM and pull up their account and prove they have the money to buy groceries. Ask a car company to give you their designs. Ask a food manufacturer to give you their recipes. Ask a furniture maker to give you their blueprints. Ask a toy manufacturer to give you their newest ideas. Ask a...Ignored
Disliked{image} WHY?......oh why...... I have been trading for a few years now, and I have tested 100's of indicators, made multiple systems etc etc, you get the point. Now I only trade naked charts most of the time. Occasionally I may go back and look at a moving average, or Stochastic, or maybe RSI for confluence, but honestly they are really unnecessary....And I always trade better without any indicators at all. I understand if you want to use 1 or 2 indicators, but every time I see someone post their convoluted chart on here with 20 different indicators,...Ignored
Disliked{quote} Every indicator that has ever been created is ALWAYS right by definition. Indicators do one thing: they indicate. More precisely, they indicate when certain predefined conditions exist or do not exist.Ignored
Disliked{quote} This predefined condition repesents the trader's understanding about price which raw price data by itself is not able to reveal this condition, if it could the derived indicator would not be necessary. Therefore, the indicator is a tool that's created with the use of mathematical formulas that turns the trader's conceptual ideas about price into visual aids using the brokers tick data. Without this tool this predefined condition cannot be seen from price alone. That's the purpose of indicators. This means that conceptual ideas about price...Ignored
Disliked{quote} 5. A person realises that most indicators are just a waste of time. People use them to make their charts look good & try to convince themselves that the indicator is the holy grail....then at least they have something to blame when it all goes Pete Tong...Ignored
Disliked{quote} Except that when people have not done the research that others have, they can't possibly know what others know and thy have no way of designing bespoke indicators that no one else has. So, they can't see what those who have done the homework can see or make the same decisions that they can make. Just plain common sense. A bespoke indicator design is not an off the shelf indicator concept. The "Edge" in trading must (by definition) come through that which the masses are not doing. Any Market Sentiment Study in FX will show that the masses...Ignored
DislikedLong term, I'd be working my way back to the upside on EURAUD. However, there will be some resistance and it looks like the ride back up will be highly volatile given the news just posted about the the bank that backs the AUD. This is another Indicator. It shows an interesting kind of Geometry inherent in the market. Unfortunately, this little gem is not in the System Panel. If you notice, the Panel spans the entire screen from left...Ignored
Disliked{quote} Some good points here friend, really long post though, I stopped reading near where you said you were on your way to be a billionaireIgnored