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two version of FF tunnel Chart, one say down, one say up, which one is correct? 3 replies

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One indicator on a deserted island

  • Post #1
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  • First Post: Jul 4, 2008 6:50pm Jul 4, 2008 6:50pm
Hi,

You are being deported to a deserted island and told that if you double a Forex account you will be picked up and can go home, but if you loose the account you'll stay there forever. Oh, and you are only allowed to use one (1) indicator. Which indicator would that be, and why that particular one?

Don't ask me how come they have Internet and power for a trading station on this deserted island because I do not have the answer to that
//C
Stoch..anytime buddy!!!


sonic
Price. Because that's all you need.
Indicators show the past. Price Action "Indicates" the future.
I'd use the account money and connection to order booze and pizza and watch the sunsets...

Kidding, MACD probably...
On the path to Enrichment.
Quoting cdysthe
Hi,

You are being deported to a deserted island and told that if you double a Forex account you will be picked up and can go home, but if you loose the account you'll stay there forever. Oh, and you are only allowed to use one (1) indicator. Which indicator would that be, and why that particular one?

Don't ask me how come they have Internet and power for a trading station on this deserted island because I do not have the answer to that
With power and internet I'd just "google" for "The Worlds Greatest Boat Builder"



Bollinger Bands
Polishing my crystal ball
Trendlines
Professional Traders don't need any of that Double Smoothed Exponential Bullshit Indicators.
Attached Image (click to enlarge)
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I don't know if you can call it an indicator but I just would go long if the candle was green at a line and go short if the candle was red at a line.
RIPPIN' THEIR PIPS BEFORE THEY RIP MINE
Price Forecast Indicator.
Quoting PipRipper
Attachment 127559

I don't know if you can call it an indicator but I just would go long if the candle was green at a line and go short if the candle was red at a line.
You know, that's close to how I have been trading manually on daily charts. However, I use the previous day's candle. The screen shot shows a short trade. Very reliable if you're liberal with you sl. Easy to be stopped out otherwise.

And I would agree with you: One of the best indicators there is are previous days candles, for me especially the actual previous days one.
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//C
  • Post #11
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  • Last Post: Edited 1:19pm Jul 5, 2008 12:29pm | Edited 1:19pm
Quoting Tjpld
Professional Traders don't need any of that Double Smoothed Exponential Bullshit Indicators.
I know professional traders who do, and I know some that don't. And I would take smoothed over double smoothed any day! I mean, how much smoothness can you stand?
//C
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