Disliked{quote} Thats the misconception about indicators. Its is not made to give you a positive pip, it was made to calculate/ simplify data faster. You are then using it worngIgnored
1
1. We can say that indicator values represent prize. I wouldn't say that it neccessarily lags. (See my last post.)
2. Correct - divergence occurs wherever it wants and has no impact on prize (only on noob traders).
3. The biggest source compared to what? The problem here are imho not the indicators itself but the people who teach it the wrong way.
4. Since I believe that indicators reflects prizes, I can't agree in that point.
5. My opinion on currency strength is that all currencies are highly dependent on each other currency. Since the forex market is highly efficient in terms of finding the most representative prize, currency strength calculated from multiple currencies can be seen in the prize of two currencies, too - and without lag.
6. Yes.
7. No opinion on that point. Would be great if you'd elaborate on that point.
8. Haven't seen a proof yet.
9. No opinion but I tend to disagree (I know some traders that just trade this and are quite successful).
10. What is a non-vertical trendline?
11. Correct. Inversed randomness is still randomness (or ssenmodnar
).
12. Can agree from my own experience. But that's no proof.
13. Yes, markets behave random and thus nobody will choose the correct direction in the long run.
14. Yep.
2. Correct - divergence occurs wherever it wants and has no impact on prize (only on noob traders).
3. The biggest source compared to what? The problem here are imho not the indicators itself but the people who teach it the wrong way.
4. Since I believe that indicators reflects prizes, I can't agree in that point.
5. My opinion on currency strength is that all currencies are highly dependent on each other currency. Since the forex market is highly efficient in terms of finding the most representative prize, currency strength calculated from multiple currencies can be seen in the prize of two currencies, too - and without lag.
6. Yes.
7. No opinion on that point. Would be great if you'd elaborate on that point.
8. Haven't seen a proof yet.
9. No opinion but I tend to disagree (I know some traders that just trade this and are quite successful).
10. What is a non-vertical trendline?
11. Correct. Inversed randomness is still randomness (or ssenmodnar
).12. Can agree from my own experience. But that's no proof.
13. Yes, markets behave random and thus nobody will choose the correct direction in the long run.
14. Yep.
{quote}% Change + real time Sorting = Speed of change to gauge strength/weakness of one currency against another... simple, elegant, universal and market neutral. Everything else will require traders to define a DURATION (not timeframe) as every man-made indicator forces a duration on when an indicator indicates a valid signal. When to use what type of indicator and for how long is what most don't understand. Without this underlying phylosophy, determination of market condition is NOT possible. Everything to see/feel/hear/touch/smell/sense/etc...
Just as in my first screen: http://abload.de/img/myscreenxksby.png
On my 2nd screen i watch fx-pairs (that i trade most of the time) as "stocks" which can move during a week between 0 to +- 150 EUR.
Their movement and the realtime sorting (strong to weak) also gives me a very good idea what's cooking in the market.
But i think trading on raw numbers is not everyone's thing.
- #48
- Nov 2, 2017 1:20am Nov 2, 2017 1:20am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Maadik Hugiis. IQ 69.
Seems you quoted something from CP and then talked about stochastics, the second worse indicator you could use, after the MACD.
However, I've mentioned that I don't use the stochastics as it is - I modify it in order to get rid of the 0/100 bounds. The value then is centralized around 0.In regards to divergence I couldn't agree more. I've posted this a few days ago in another funny thread ...
- #52
- Nov 2, 2017 2:57am Nov 2, 2017 2:57am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
{quote} ... I'm still a noob trader.
But I gathered so far that a good exit could be based on a faster occuring signal than the entry trigger. For instance, if I stick again to my stochastics idea maybe a good exit place would be an even faster stochastic line. However, that don't seem to be enough in order to accumulate enough pips in order to balance out the DD and spread.
my experience is the exit plan is not at all dependent on the strategy traded. it is an universal solution.
how much one will profit, depends on the strategy traded (i use custom indicators for each strategy), however, the exit plan has nothing to do with the strategy traded. an exit plan is just a logical behaviour how to turn a loser into a winner.
Maadik Hugiis. IQ 69.
{quote} Stochastics is the primary reason why I blew my very first account back in 2006. Second account blown was RSI and 3rd was related to MACD. 3 strikes and i have never revisited technical indicators. I was just such a greedy noob way back then lol
BTW: It's really pity that you delete all interesting posts
- #56
- Nov 2, 2017 1:13pm Nov 2, 2017 1:13pm
- | Joined Jul 2012 | Status: Trader | 1,170 Posts
{quote} That's the reason why I nearly stopped trading with technical indicators since I first like to fully understand it. BTW: It's really pity that you delete all interesting posts
{quote} Thats the misconception about indicators. Its is not made to give you a positive pip, it was made to calculate/ simplify data faster. You are then using it worng
- #59
- Nov 2, 2017 3:04pm Nov 2, 2017 3:04pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money
