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is it true

  • #21
  • Mar 8, 2018 1:28pm Mar 8, 2018 1:28pm
Hi Hbibiforex,

what's your strategy basically???
I just subscribed. thanks,
  • #22
  • Mar 8, 2018 4:09pm Mar 8, 2018 4:09pm
Quoting loveandpeace
Hi Hbibiforex, what's your strategy basically??? I just subscribed. thanks,
Simply rub the crystal ball and do whatever it says.
  • #23
  • Mar 8, 2018 10:58pm Mar 8, 2018 10:58pm
wow, so simply. I like it, thanks.
  • #24
  • Mar 8, 2018 11:50pm Mar 8, 2018 11:50pm
Quoting loveandpeace
wow, so simply. I like it, thanks.
Yes, it’s a good trading system; I am also interested to observe the daily result of it!
  • #25
  • Mar 9, 2018 1:11am Mar 9, 2018 1:11am
Quoting Majeeda
{quote} Yes, it’s a good trading system; I am also interested to observe the daily result of it!
Thank you
  • #26
  • Mar 14, 2018 3:18am Mar 14, 2018 3:18am
Quoting HabibiForex
{quote} Thank you
Got your system; but what do you do during the high voltage news session like FOMC, NFP?
  • #27
  • Mar 14, 2018 3:52pm Mar 14, 2018 3:52pm
Quoting DarrenLehma
{quote} Got your system; but what do you do during the high voltage news session like FOMC, NFP?
Since the entries i take are very specific... High impact news tends to not blend into that portion of my Algo. Of course me having the self control of not getting into the hype of those events is what will keep the equit equity curve increasing.
  • #28
  • Mar 14, 2018 11:29pm Mar 14, 2018 11:29pm
Quoting HabibiForex
{quote} Since the entries i take are very specific... High impact news tends to not blend into that portion of my Algo. Of course me having the self control of not getting into the hype of those events is what will keep the equit equity curve increasing.
Ow; that’s really great! Thank you for your reply.
  • #29
  • Mar 16, 2018 2:04am Mar 16, 2018 2:04am
Traders who are relatively new to the futures market often get fooled by the persistent mean reversion behavior. For example, breakouts are more often faded than endorsed. If you have some experience then you will spot it by using RSI, STOCH, etc. Hope you have got the point!
  • #30
  • Mar 20, 2018 10:39am Mar 20, 2018 10:39am
Quoting Derzo
Traders who are relatively new to the futures market often get fooled by the persistent mean reversion behavior. For example, breakouts are more often faded than endorsed. If you have some experience then you will spot it by using RSI, STOCH, etc. Hope you have got the point!
Yes, breakout trading is always challenging! I think, only technical tools are not enough here! traders need both kind of analysis for being a consistent performer!
  • #31
  • May 29, 2018 2:09pm May 29, 2018 2:09pm
Quoting Majeeda
{quote} Yes, breakout trading is always challenging! I think, only technical tools are not enough here! traders need both kind of analysis for being a consistent performer!
Not only for break out trading, but also for trendy market. You have to filer out your entry points by many parameters as much as you can.
  • #32
  • May 29, 2018 2:22pm May 29, 2018 2:22pm
Quoting hilmy83
so all those overbought/oversold indicators like rsi, stoch, cci, etc. Do you agree that these indicators are especially useful for fade traders.
Hi, they are about as useful as a chocolate fire guard....
trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #33
  • May 30, 2018 7:11am May 30, 2018 7:11am
Indicators can tell you what already has happened but cannot tell you what will happen. So I would not build my strategy only around the use of indicators.
  • #34
  • May 31, 2018 6:37am May 31, 2018 6:37am
Quoting UlliC
Indicators can tell you what already has happened but cannot tell you what will happen.
This is the key fact. That’s why I am serious on price action rather than any technical tool.
  • #35
  • Jun 4, 2018 2:46am Jun 4, 2018 2:46am
I use RSI and Stoch indicators as my overbought and oversold forex signal.
  • #36
  • Jun 4, 2018 4:03pm Jun 4, 2018 4:03pm
If you can tell yourself a story that it works then move on to what really matter... trade management. What ever reason you got an entry, it what happens afterwards that matters.
The only thing you can control is how much you are willing to bet, and when to get out of a trade. The rest is not up to you.
  • #37
  • Jun 5, 2018 4:28am Jun 5, 2018 4:28am
I have been using indicators for years, all sort. I had ups and downs but finally and fortunately I stopped using them two months ago and never traded as well as I'm doing now, that means that you have to develop a system that has only price, present and past, as input parameter and no any other calculation on it, that's what indicators are.

So indicators are just smoke and this for me is a fact, not an opinion. I trade now without them and will never come back to them because even if my system or trading is not yet consistent or viable in the long run, I know now that I don't need them to improve my trading or system and this is liberating and game changing.
Simplicity is the Ultimate Sophistication.
  • #38
  • Jun 5, 2018 9:48am Jun 5, 2018 9:48am
The default indicators like Stoch, RSI, MA are cool and helpful. Additionally, there are many custom made indicators which should be monitored closely for repainting. If any indicator repaints- just delete it
  • #39
  • Jun 5, 2018 5:37pm Jun 5, 2018 5:37pm
Quoting hilmy83
so all those overbought/oversold indicators like rsi, stoch, cci, etc. Do you agree that these indicators are especially useful for fade traders.

I would say those indicators are atleast good as support guidelines if not anything else.

Its better to go in with them than without. Though personally I just use the RSI indicators myself and Divergence strategy.
  • #40
  • Jun 7, 2018 6:03am Jun 7, 2018 6:03am
Quoting ZikriIrfan
{quote} This is the key fact. That’s why I am serious on price action rather than any technical tool.
Exactly my point, mate. I barely use any indicators.
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