Why do traders use so many indicators?

friends can help me please, i wanted to put the signal on this indicator because i don't know can help me?
or a direct alert?
amigos podem me ajudar por favor, eu queria colocar o sinal neste indicador porque eu não sei pode me ajudar

I will code your EAs and Indicators for no charge

That's more true than you will have the ability to fully understand. You nailed it!

Hey!

Yep, indeed. I gave a 5 pip warning notice to the Short Scalpers before yesterday's downside retracement. Took that straight off the face of the Panel showing its Targets. The market then went down in yesterday's session for a nice Scalp within the current Developing Bullish Structure. I also cautioned Short Scalpers to be careful given the volatility and upside potential in the longer time frame. I then came back and congratulated anyone who caught the Short Scalp on yesterday. Pretty textbook thus far for anyone truly paying attention.

However, there are those (as usual) in this thread who have not read, are not paying attention and are making fools of themselves. I'm going to allow them to continue making fools of themselves for not reading the Updates given. I give them for a reason. They are there for those who know how to Read in context.

Who buys and who sells is ultimately discovered by the Indicator that's designed to output that information. If all Indicators were equal, all Indicator output would be equal. It is the Indicator's Design that determines its value or lack thereof.

He who buys last always buys the worst. He who sells last always sells the worst. Institutions are nearly always buying first. Institutions are nearly always selling first. Institutions are not buying and selling in Retail Lot Sizes. They buy and sell in Yards and in variable measurements of Notional Value that Retail Traders can't. Ergo, they must buy and sell in Stages. It is called Building A Position In The Market. They do it all the time. For Day Traders in the know, it is called Rotation.

My previous post showed you where the Region of Rotation would be before the Institutions had finished Building their Positions and taking the market higher as a direct result. That Region of Rotation has been playing out precisely as previously shown with precious little deviation.

This is an Exhibition Trade (as stated very early in this thread) that follows the OP's request. This is not a Trade Journal, nor is this my mode for normal production trading. This is a demonstration of what Market Structure looks like and why Indicators are important - which was the gist of what the OP wanted.

I'm trying to fulfill the OP's desire to understand why some people put so many Indicators on their charts. On the side, I do get a little comical, but that's just my nature - I do that from time to time. I like having fun.

Going back to one of my posts, when EURAUD dipped downward below my entry, I specifically said that if I were a Long Range Trader (referring to EURAUD) that I'd actually be adding Size during that downward push. So, I added size. 7 times the original size just to drive the point home. I closed the original position at +0.5 pips and posted a pic of the Journal. I kept the current position open to demonstrate why I use Indicators. The trade went from Day Trade to Swing Trade as was posted several days ago. It is an exhibition of Market Structure and a lesson to New Traders.

Others have said that "their is nothing to trade" in EURAUD. This current trade demonstrates that not all Traders see the exact same thing. Some Traders can see opportunity when others don't. This is a prime example of that. This is a Clinic of sorts. This is not a Journal. This is where the New Trader can learn something about Market Structure, if they have paying attention.

I'm using EURAUD to demonstrate that knowledge of Market Structure trumps everything else. Always. Excepting Black Swans and/or Unexpected news driven events.

thanks, as far as I can follow you
I trade poc gap (volume)
have accepted your trade, i love your squares

You gave a warning to short scalpers?? Where? ... Perhaps you wrote it here, and you are right, I was not reading the "updates".. You write way too much mate!
Hey, if you say it was pretty textbook then you must be right.. Say hi to Marty McFly next time he comes to visit.

You are calling "fool" to someone who uploads his trade explorer in a regulated broker showing he is profitable for years??.. Really???.. But hey.. maybe I am just talking with the next Stephen Hawkings of Forex

Here is a funny line for you:
How does a narcissistic person kill himself???...... He climbs up on his ego and jumps

Anyways mate, I don't mean to be offensive.. I really wish you the best with your trading.. I hope you can make your goal of going from $3000.. to 40 millons in 12.9 months...

Cheers.

that wrote nothing to act, in two hours it looks different

maybe you're right buyers are coming
I don't want to waste your room with charts

Update: The "Naked" Truth (LOL!)




New Traders could learn a lot from the past few days. You've been told that there was nothing to trade in EURAUD. You've been told that its was too unclear. There is a whole LOT a New Trader could learn from all this.

What takes place in the Lower Time Frames, also takes place in the Higher Time Frames. As a New Trader, it would make your life a bit easier if you began figuring out how to do Multi-Time Frame Analysis. You've been told that "cutting out the noise" makes you a better Trader. But, you have not been shown HOW to cut out the noise properly and effectively. You've been told that simply removing Indicators from your charts would "cut out the noise." That's not true. That's not even the point.

One of the most effective ways to "cut the noise" is to simply switch to a Higher and Larger Time Frame using the exact same Indicator you've used on the Lower and Smaller Time Frame. Of course, this always assumes that you were using a well designed and competent Indicator to begin with. An Indicator Design that runs well at the M1 level may need to be tweaked in order to provide the same useful information at a Higher and Larger Time Frame.

As a New Trader, you've been told that trading is hard and it is hard - very difficult. However, the other side of that equation is that through your hard work and your smart work, you can crossover to the other side where you have made your trading easier. You accomplish that task by taking the time to learn about Market Structure. What is Market Structure? Market Structure is whatever your Analysis tells you is Market Structure. But, how can that be? That makes no sense. Everyone analyzes the market in different ways - they can't all be correct, right? No, this is not right.

If your Technical Analysis encompasses all price action, accurately identifies market boundaries, accurately identifies market behavior and then covers a wide enough range of Time Frames, then your Technical Analysis (no matter how you have designed it) will show the truth about Market Structure. Ergo, one of the most difficult (and hidden) lessons for the New Trade to learn is that there is NO singular definition of Market Structure.

There are literally INFINITE possibilities for expressing Market Structure through your Technical Analysis. This is a very nuanced reality of Trading that I've just saved you YEARS in figuring out - in a single post. Market Structure emerges right before your very eyes (suddenly) when you measure for it using Technical Analysis. However, NOT ALL MARKET STRUCTURE ANALYSIS IS EQUALLY THE SAME. The quality of the Market Structure you discover will always be directly proportional to how well your Technical Analysis:

- Accurately encompasses all price action
- Accurately identifies market boundaries
- Accurately identifies market behavior
- Is deployed across all Time Frames

That's the "secret" sauce. Do that work and Trading naturally becomes easier. Learn to THINK in those terms. Train your Brian to function in those dimensions of Technical Analysis. Deliberately seek these things and you will find them. Deliberately seek something else and something else is EXACTLY what you will find. It DOES NOT matter what Technical Indicator you use, as long as that Indicator accomplishes the above.

That shaved several years off your Trading Education, New Trader. But, only if you accept it on face value and then execute on it in the development of your skill. If you fade it, you will get what you have always gotten and Market Structure will always be 'hidden' from you.

I don't know why I keep forgetting to do this with each update.... geepers:

Draw 0. Target 199. RR 199. Probability 99.9%

I have not seen the System/Panel since last night. Have not bothered to look at it. So, I am truly Naked Chart here as best I can and within the spirit of the OP's demands.

No context. No need for a forum. Some people need a Twitter form of Forexfactory. So, to the Mods and Owners of FF. There is your great idea for 2020! Go establish a dedicated Twitter version of Forexfactory for those members who don't read, can't read or refuse to read beyond 65 character messages. Oh, crap! What am I saying! 65 characters is WAAAAAAAY too much for some people. Way too much.

Geepers, man. It was sitting right there in front of you all along. It took me 90 seconds to find it. But, it took me several minutes to capture and annotate it - which is one of the main reasons why I'll be shifting to a live streaming YouTube channel. I'm tired of repeating myself unnecessarily and re-posting stuff I've clearly already written. It gets very old after a while.

Cheers and good trades.

Wish I had your ability bro

Kinda like the British.

"The British are Coming! The British are Coming!" Get it? Just having some fun, that's all.

Actually, Paul Revere, most likely never (ever) said that while riding his horse. From a purely historical standpoint, there were already British Constables living (being quartered) in the Colonies well before the real fighting began. So, the "British" were not "coming." They were already there and Paul, would have absolutely known this, making his famous night ride through Lexington, a proverbial con of historians.

Of course, telling the real truth of American History is a violation of Federal Law, so I won't do that in this thread. Besides, this thread is really (truly) about why Indicators are absolutely not necessary to be profitable.

"The Indicators Are Coming! The Indicators Are Coming!"

No. The Indicators were already there. Hmmmm.

It's the Matrix, bro. It's the Matrix. Were all living in it. But, even if you did have the System, you would not have the updates I've made to it (wink) nor any of the active Configurations that make it work (double wink).

So, you may have it - but it would be like the Hindenburg until you fix it and then Configure it properly. Good luck with that task.

You know something, after looking at it for a while now, I think I really do like this cleaner looking chart. It is boring, calm, peaceful - tranquil even. Cuts out the "noise." Just enough information to force you into a study of Momentum. Built-in risk definition. Built-in targets. Built-in support. Buil-in resistance.

I can't help but wonder whether Daryl Guppy, actually knew what he produced or not. Or, whether he kept the deeper knowledge about his GMMA to himself. I tend to believe the latter is true rather than the former. I think he knew full well what he had created, but allowed people to discover it on their own without telling them outright.

My entry into this trade is definitely not optimal, nor was that my intention from the start. As my post previous about this pair says, I simply grabbed it and tried to comply with the OP's demand that a trade be posted rather than mere lecture. The entry could have been optimized, but I did it this way to wanted to demonstrate the point of this thread.



This now brings up the obvious question: If you could trade the past, would you do it?



And: When would you know that it was ok to trade the past?

Oh, how dark the Con of Market Makers and Institutions, indeed:



"The mind sees what it chooses to see."

On the topic of market boundaries, it always seems like the market is very tailed; a market can’t contract forever but it seems like some trends just go on and on. How do you go about trying to putting the upper bound of a move “in a box” so to speak to analyze it and create an indicator that doesn’t just get blown out of the water? On the other hand if you allow a lower time frame move to “lift” into a higher frame, then you get a scenario where price seems to never reach it’s possible altitude. How do you advise on bridging the two?

Looking at the matter through a different lens we see a lot of unfinished work the market needs to do:



M15 RPD Profile POC Tracking.

A walk through the RPD POC village shows something wonderful underway: POC Support. If the POCs are unwilling to establish downward momentum, then their attached Profiles can't either. That leaves only one possibility for the placement of future Profiles on this chart and in the immediate future - Higher.

Now, let's take that same M15 POC track and look at it against a much larger iRPD Profile Structure:



Notice how a Lower Time Frame's POC Track (M15 above) is synchronized with a Larger Time Frame's Value Area High and a relatively larger Node higher up in the Larger Time Frame's Profile. Notice also how the Larger Time Frame Profile shows no such synchronization or elemental price action below its own Value Area Low.

So, in order for the market to get lower, it needs to extend this Larger Time Frame Profile, which would require it to reset its own POC at a lower level than where it is right now. These Profiles tend to expand to the point of developing an established POC and its Region of Rotation and then expanding away from that region to establish a newer POC and associated Region of Rotation that is to the weak side of the existing Profile. The frail side (weak side) is the unfinished side extended upwards on this particular Larger Time Frame Profile.

This is all part of the input to figuring out Market Structure and as a direct consequence, which side of that structure I would want to be on as a long range Trader (in this case the Swing Trade).

Swing Trading is a great way for New Traders to become better equipped (more knowledgeable) Day Traders. It teaches both Patience and how to interpret Market Structure. Two things the New Traders would do themselves a favor by learning as early in their trading careers as possible. This is my approach. Your approach will vary, as it should. No matter the approach the bottom line is Patience and Market Structure.

The New Trader will naturally develop better Day Trading skills by first starting with understanding the Fundamentals of Swing Trading, first. This will orient your Mind and build neurons in your Brain that are essential to the rigors of consistent Day Trading. If you are a New Trader and you have not yet begun your investigation into the connection of Mind, Body and Trading, then now would not be too soon to start that process.

There is no disconnecting your Mind and Body from your trading results. The Swing Trading Brain develops good habits into the Day Trading Brain. The frequency with which your Day Trading Brain functions will be different, but the core habits (namely Patience and Interpreting Market Structure) will not change. The same principles take place in both Day and Swing Trading, but with Swing Trading, things run at a lower rate of speed - giving your Brain an opportunity to more thoroughly build the neurons necessary for consistency.

Ignore Neuroscience and its impact on Trading at your own risk. Or, should I say, to your own destruction as a Trader. New Traders will need the Trader's Mind, far more than they will ever need the Trader's Indicator or System. Get your Brain together and the rest will naturally follow. You can also help your Brain develop for Trading by drastically cutting and reducing your Carbohydrate intake on a daily basis. Many have no idea just how much mental fog this causes during the day.

If you want to be a Trader, then be a Trader. No different than being an Athlete. No Professional Athlete takes their Mind and Body for granted or somehow believes they can neglect one or the other while maintaining consistency in their Sport. It is no different for the Trader. Prepare yourselves. Take the Business of Trading seriously. If not, you will be liquidated and never fully understand why or how it happened. You will then spend the rest of your life badmouthing the Financial Markets and blaming Brokers for "hunting" your "stops."

Prepare yourselves and the Hunted will become the Hunter. It starts with the fundamentals of learning how to Swing. That is the most fundamental of all trade types, because it forces you into the knowledge of Market Structure, which is where every New Trader belongs, first. It is old school, but it teaches valuable lessons.