Disliked{quote} " Scalping at microstructure level via consistent application of a "Constant" and Universal tactical technique " Sounds like a good topic by itself in the Trading discussion forum. Anyone trading like that?Ignored
Disliked{quote} You don't get bonus points for being able to calculate anything. Key words and tricky phrases mean nothing. You just need to learn what works and what doesn't. In trading, no one is impressed with your IQ, people are impressed with your bank account!Ignored
Disliked{quote} 99% of over 450 strategies I tested using OHLC data have proved this point..... they all work for a year or two but non worked more than 3+ yrs taking every buy/sell signalIgnored
Which implies we must have good knowledge of the price first. Indicator is not the main fault, it is the victim. Fault lies in the knowledge of the market and price itself.
Normal for people to blame indicators, that's merely the tools we use to aid our trading process. Traders tend not to blame ourselves.
Edit - we don't trade indicator signals, no we shouldn't. Don't ever make this mistake of trading indicator signals.
We use indicators to help identify, draw our attention to and alert us to particular market conditions that unfolds at certain times. We trade the market and price.
Some people say trading without indicators is like trading blind.
I say trading without indicators is like trading without tools.
We want to travel from our home to downtown for say shopping. We can travel in our car, call a grabcab, take the subway, bus, or cycle or walk all the way there. Trading without indicators is like walking downtown, it's our free choice. No right or wrong. Just that we tend to complain about the car, cab, subway, bus, bicycle it's our habit.