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Why do traders use so many indicators?

  • #421
  • Feb 20, 2020 8:15pm Feb 20, 2020 8:15pm
Quoting viptrading
Just to be clear no one including myself ever asked you to make calls without using your system, at all.
That is correct. You finally got one right. Congratulations are in order. Let's see if you can get two correct in a row.


Quoting viptrading
You are doing this by your own choosing. No one is asking you to force clearly bad trades that you would not take otherwise, which you even stated yourself. You are doing that on your own. Why?
Because I'm making fun of the insanity of the entire OP itself. I'm shredding and tossing in the gutter where it belongs with proofs. Your GBPCHF trade is one you bailed on because you could not see the bigger picture that "Indicators" provided. Proof Number 1. You outright refused to engage in EURAUD, citing you are simply not trading (never citing why) and that if you were, our analysis told you to be Short, as that would the "correct side of the market" for EURAUD at the time you made that post. EURAUD then left orbit and went into interstellar space to the North, exactly in-line with the System that you said you could match with nothing more than a Naked Chart. Proof Number 2.

You now have (though late) another opportunity to engage in Proof Number 3: EURUSD.

Now, here is exactly what you said word for word in post number 3: https://www.forexfactory.com/showthr...7#post12749257

Quoting viptrading
...I do have to disagree however that there is any combination of indicators or an indicator based system that you can show me that I cannot already see on the chart simply by looking at the price with my own eyes. I welcome you to try and prove me wrong though, post a chart with an entry that was based on an indicator and I guarantee I can give you the same entry using analysis of the naked chart."
BGPCHF, did exactly what the System said it would do before the market moved
EURAUD, did exactly what the System said it would do before the market moved
EURUSD, is now doing exactly what the System said it would do before the market moved (now in progress)

The difference with EURUSD is that it would not be something I would normally trade (at this time) until it got its Daily Magnitude act together. However, I still took the trade and tuned the target expressly from the System. It is a very weak pair right now and I don't do weak pairs. But, one of your cheerleaders suggested that somebody come to the table with something on EURUSD - so I obliged him.

At every turn, I've tried to comply with the demands of your own OP. Your reply? To bail on GBPCHF and not engage on EURAUD, citing that you could have stayed in GBPCHF longer but you didn't. That's not Trading. That's Gambling.

Now, if I can pull an Instrument out of thin air that I am not trading in the moment and call it at any time of day or night - as I have done three times now in this thread, then you can certainly support the requirements of your own thread by matching those calls as you said you would.

What is your Naked Chart call on EURUSD right now? Not tomorrow. Not next week. Not next month. Right now?
  • #422
  • Feb 20, 2020 8:24pm Feb 20, 2020 8:24pm
Quoting viptrading
{quote} I recommend nothing right now. I am not a guru or FX mentor. All I can say is I am currently not holding any positions for EURUSD and I already explained why.
Quoting viptrading
EURUSD Monthly Chart. For those of you who want a visual of what I am talking about. It's not rocket science.
Thank you. That's all you had to do in the first place instead of beating around the bush. Just say that my Naked Chart Reading does not allow me to be in the market right now. That's all you had to do.

However, in contrast and to drive the point home, I am able to make a call on EURUSD - and anything else in FX - 24 hrs a day - 5 days a week. That is WHY I use "Indicators." I can fly in the clouds with low to no visibility, relying on my "Instruments" (Indicators/System) to navigate the course.

This thread is the Poster Child for people who don't have the slightest clue what "Indicators" are all about.

My gawd. Wake up.
  • #423
  • Feb 20, 2020 8:27pm Feb 20, 2020 8:27pm
Quoting JetTrader
{quote} That is correct. You finally got one right. Congratulations are in order. Let's see if you can get two correct in a row. {quote} Because I'm making fun of the insanity of the entire OP itself. I'm shredding and tossing in the gutter where it belongs with proofs. Your GBPCHF trade is one you bailed on because you could not see the bigger picture that "Indicators" provided. Proof Number 1. You outright refused to engage in EURAUD, citing you are simply not trading (never citing why) and that if you were, our analysis told you to be Short,...
You’re gambling, don’t kid yourself... Forex is just a gamble.
  • #424
  • Feb 20, 2020 8:29pm Feb 20, 2020 8:29pm
Quoting viptrading
I am not a guru or FX mentor.
Yet, you know how to parrot a trade that uses "Indicators" with nothing more than a Naked Chart?

Now, I'm totally confused. How can you not be a Guru. That's Guru Territory, buddy. If you are capable of knocking down trade decisions with nothing more than a Naked Chart, in-line with or better than a trade decisions having come from an "Indicator" then you are by any definition a Glorious Guru. Be proud of that. Don't run and hide from it. Embrace the Guru in you.
  • #425
  • Feb 20, 2020 8:33pm Feb 20, 2020 8:33pm
Update: Naked Chart Trading

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Update 02.20.Night.png Size: 19 KB


Draw 0. Unrealized Net +198.1. Target 199. RR 199. Probability 99.9%.
  • #426
  • Feb 20, 2020 8:35pm Feb 20, 2020 8:35pm
Quote
Because I'm making fun of the insanity of the entire OP itself. I'm shredding and tossing in the gutter where it belongs with proofs.
So you just admitted that you are a troll who is here only to disturb the peace of this thread. Cool, at least you admitted it.

Quote
Your GBPCHF trade is one you bailed on because you could not see the bigger picture that "Indicators" provided.

Um, no I actually got out because I was using it to hedge my other positions and I took profits early, so what. Your never going to get the full move. I still made a nice % off that trade. Not to mention I got in that trade earlier than you, but hey I'm not the one competing with other traders trying to outwit them. YOU are.

Quote
You outright refused to engage in EURAUD, citing you are simply not trading (never citing why) and that if you were, our analysis told you to be Short, as that would the "correct side of the market" for EURAUD at the time you made that post. EURAUD then left orbit and went into interstellar space to the North, exactly in-line with the System that you said you could match with nothing more than a Naked Chart. Proof Number 2.

Again, no. I stated it was a no trade AT THE TIME. Which was last week. This weeks strength in EUR changed my view on that trade, and even though I didn't take EURAUD I had it in my weekly update of potential trades in my other thread as a potential long trade. Also, I did explain why, and I'm not even going to go back and find my post because your not worth the time, you and I both know I gave a reason for not entering that trade, and if you do not remember you can go back and look. ALSO your the one whos system said that GBPAUD was a bad trade or a "beast to manage" as I remember, when I took that at the same time as your EURAUD trade because, wait for it, IT WAS THE TRADE THAT MADE MORE SENSE. And guess what happened? My trade went into profit and I closed it that same week, while you held yours for over a week, but again, who's comparing right? Oh yeah, YOU ARE. LOL

Quote
At every turn, I've tried to comply with the demands of your own OP. Your reply? To bail on GBPCHF and not engage on EURAUD, citing that you could have stayed in GBPCHF longer but you didn't. That's not Trading. That's Gambling.

Stop misquoting and misjudging my trading style, you have no idea how I trade and honestly your making yourself look stupid at this point.

I really appreciated your input in the beginning of the thread, I said to myself, wow. This guy knows his shit, and even though you trade differently than me, I respected it, but then you had to go full troll on me. Oh well, your fault not mine.

I'm sure you will continue to try and slander me and skew my posts and twist my words, but it's okay. We all can see clearly what you are trying to do here. Do I think you are a bad trader? Not necessarily because I don't make assumptions about people like YOU.
  • #427
  • Feb 20, 2020 8:40pm Feb 20, 2020 8:40pm
Quoting BWilliam
{quote} If I understand correctly, targets are institutional stop loss. How do we know where institutional traders place their stop loss ? This assumes that institutional traders put their stop loss in about the same place, there is somehow some coordinated thinking among thousands of institutional traders. How do we know that ?

Hi BW,

Sorry mate, it is english, and context, that is the issue with us, apologies. But I've typed more today than in the past 6 months in total.

When I mentioned Institutions in regards to targets it was only the major targets (like EURUSD gap 2017) I was referencing, nothing else.

I would say that NO institution would have their stops in the "middle of the washing machine" intra-day pricing we look at. These are other lesser targets, where retail play.

You can go to the higher timeframes on your charts (Wk, Mth) ONLY when price starts "running hard" in one direction, that is outside the usual bounds of retail ranges (100-200 pips).

The last major price drop of EURUSD from last October, to the 2017 gap below, is in the order of 1000 pips or more.

That is a fundamental price move as I can understand it.

The potential Institutional target, if they have not already closed out their trade on the way up or the way down, is further below where we are now.

all the best
Pete
  • #428
  • Feb 20, 2020 8:44pm Feb 20, 2020 8:44pm
Quote
Thank you. That's all you had to do in the first place instead of beating around the bush. Just say that my Naked Chart Reading does not allow me to be in the market right now. That's all you had to do.

No, I will not say that because it isn't the truth. You may be good at trapping other people into your way of thinking but it's not going to work with me. Did you ever think to yourself that maybe NOT trading is better than trading at all? There are many other pairs and instruments to look at, I am in trades at the moment just not that one. Why? Because its not an easy trade right now. You only picked it because someone else mentioned it to prove a point. Jesus man your a load.

Honestly man I really don't like doing this, if you want to believe what you want fine. But you need to stop trying to bully people on here. I am not going to remove you because I don't like doing things like that, but your just making this way more difficult than it needs to be.

You can post trades here if you want talk about your system all you want, teach people whatever you want, but stop trying to undermine others like your the smartest guy on here, it's getting old.
  • #429
  • Feb 20, 2020 8:49pm Feb 20, 2020 8:49pm
Quote
Yet, you know how to parrot a trade that uses "Indicators" with nothing more than a Naked Chart?
Now, I'm totally confused. How can you not be a Guru. That's Guru Territory, buddy. If you are capable of knocking down trade decisions with nothing more than a Naked Chart, in-line with or better than a trade decisions having come from an "Indicator" then you are by any definition a Glorious Guru. Be proud of that. Don't run and hide from it. Embrace the Guru in you.

NO. I said I will be able to find the same trade and explain it in a more easily digestible fashion for newbies. Without using delta force CGI graphics on my chart. And, I am not a guru because I don't qualify as one, and even if I did, I would not want to ever be referred to as one.
  • #430
  • Edited Feb 21, 2020 12:13am Feb 20, 2020 8:56pm | Edited Feb 21, 2020 12:13am
Quoting viptrading
{quote} So you just admitted that you are a troll who is here only to disturb the peace of this thread. Cool, at least you admitted it. {quote} Um, no I actually got out because I was using it to hedge my other positions and I took profits early, so what. Your never going to get the full move. I still made a nice % off that trade. Not to mention I got in that trade earlier than you, but hey I'm not the one competing with other traders trying to outwit them. YOU are. {quote} Again, no. I stated it was a no trade AT THE TIME. Which was last week....

You are so full of crap it is pathetic. You pose, bail out, fail to engage, can't engage because your "Naked Chart" won't let you, talk trash about other Trading Technology you know nothing about - all while every single trade put before you does precisely what you were told it would do - right before you naked eyes.

Please. When you reach this level of Precision, you come let me know. I'm not even going to waste anymore of my time posting the final outcome here. You saw what happened and you were not engage in the process. The next time you are foolish enough to start another Trolling Thread, think about the subject matter before you do.

You have not been Trolled here. You have been taught a valuable lesson here. The difference will no doubt escape you.

Class dismissed and school is out.
  • #431
  • Feb 20, 2020 8:59pm Feb 20, 2020 8:59pm
Quoting viptrading
{quote} No, I will not say that because it isn't the truth. You may be good at trapping other people into your way of thinking but it's not going to work with me. Did you ever think to yourself that maybe NOT trading is better than trading at all? There are many other pairs and instruments to look at, I am in trades at the moment just not that one. Why? Because its not an easy trade right now. You only picked it because someone else mentioned it to prove a point. Jesus man your a load. Honestly man I really don't like doing this, if you want to...
Here's what I think about this thread.

You started this thread that specifically put indicator traders on the line with your title.

Your first post contains a mocking picture of how indicator traders chart look like.

This automatically caused a divide among the community of traders, those that use indicators and those that don't.
Members argue, troll and insult on this thread.

This thread achieved nothing for us traders.

Everyone of us thinks that our way is the best way. There can be no other better way, it's my way or the highway.
That's has to be the case for us individually.

Some of us use indicators to trade. Some don't.
How the other trader trades has no bearing to our account.

Meantime, lets respect the guy on the other side.
Know what you trade
  • #432
  • Feb 20, 2020 9:02pm Feb 20, 2020 9:02pm
..

Inserted Video
Look Sharp/Trade Tight
  • #433
  • Edited 9:49pm Feb 20, 2020 9:12pm | Edited 9:49pm
Quoting JetTrader
{quote} {quote} Thank you. That's all you had to do in the first place instead of beating around the bush. Just say that my Naked Chart Reading does not allow me to be in the market right now. That's all you had to do. However, in contrast and to drive the point home, I am able to make a call on EURUSD - and anything else in FX - 24 hrs a day - 5 days a week. That is WHY I use "Indicators." I can fly in the clouds with low to no visibility, relying on my "Instruments" (Indicators/System) to navigate the course. This thread is the Poster Child for...
Exactly JT. I choose to use my proprietary alerts because I have neither the desire nor the ability to actively monitor 4-6pairs (based upon volatility/ADR) over an extended period of time waiting for an entry opportunity. Actually what I consider the downside to a 24hr market. Maybe just old man ADD.
I could trade charts with price only (time or non-time based representation), but that would be like the 6mil$ Man opting for the non-bionic versions of his replacements. Using indicators + alerts targeting high-amplitude fractals gives me ample opportunities within a shorter trading window.
  • #434
  • Feb 20, 2020 9:15pm Feb 20, 2020 9:15pm
Quote
You pose, bail out, fail to engage, can't engage because your "Naked Chart" won't let you

No, I just try and choose my trades wisely. And I made a comment on all the trades you posted and gave my opinion. I was either in the same trade as you, a similar and easier trade, or in the case of EURUSD not trading it at all.

Quote
Please. When you reach this level of Precision, you come let me know. I'm not even going to waste anymore of my time posting the final outcome here. You saw what happened and you were not engage in the process.

I can only dream of reaching your level of precision one day man, your absolutely right. I have been engaged this entire time, I have just as many posts on this thread as you probably I just don't trade the same way you do, and that's fine.

Quote
You have not been Trolled here. You have been taught a valuable lesson here. The difference will no doubt escape you.

Class dismissed and school is out.

Man...I just...don't even think you know how arrogant you sound.

Honestly man, I got no beef with you. I wish you nothing but success, but you really should change your attitude when it comes to engaging with people socially because you come off as a know it all.

And for the record I never trash talked your system, I even praised it in the beginning and was impressed with what you put together, but its still just a tool, kind of like you've been being judging by your last few posts.

I am sorry if I struck a nerve with you though, I truly am. I do not like arguing with people over the internet and this thread was not meant to be that way.
  • #435
  • Feb 20, 2020 9:18pm Feb 20, 2020 9:18pm
Quoting BWilliam
{quote} Here's what I think about this thread. You started this thread that specifically put indicator traders on the line with your title. Your first post contains a mocking picture of how indicator traders chart look like. This automatically caused a divide among the community of traders, those that use indicators and those that don't. Members argue, troll and insult on this thread. This thread achieved nothing for us traders. Everyone of us thinks that our way is the best way. There can be no other better way, it's my way or the highway. That's...
Point taken Bill. I never meant to diss indicator traders or the systems they use. I just wanted to make a thread pointing out that they are only tools and are not necessary to trade profitably. The photo was meant to be a lighthearted joke and was for fun, it was supposed to get a laugh, but I am getting tears from some of you instead.

And I do respect people who use indicators but as a newbie, its important to understand the basics before over-complicating things. That is why so many new traders lose, at least for me it was that way, by over complicating things with too many technical tools.
  • #436
  • Feb 20, 2020 9:18pm Feb 20, 2020 9:18pm
Quoting PayTheLimit
.. https://www.youtube.com/watch?v=sf0OFZexRGs
This is one of my favorite scenes from one of my favorite movies. You have good taste sir.
  • #437
  • Feb 20, 2020 9:18pm Feb 20, 2020 9:18pm
Quoting viptrading
Man...I just...don't even think you know how arrogant you sound. Honestly man, I got no beef with you. I wish you nothing but success, but you really should change your attitude when it comes to engaging with people socially because you come off as a know it all.
To you his posts is arrogance.

To others they are lessons.
FREE lessons that one might have to pay for.

It all depends on the person reading this thread.
Know what you trade
  • #438
  • Feb 20, 2020 9:22pm Feb 20, 2020 9:22pm
Quoting GMD
{quote} Too much talking... Buddy.. you want to win the discussion, I can tell.. Hey.. you are a pro at discussing with people mate, you win! You are the best at talking... that's for sure. Just notice the difference between a guy in this thread that shows proof of profitability for years... And you... When The guy writes, he is simple.. He writes a sentece. No need to talk, his numbers talk for him. But you mate... Too many words, too much talking, but no proof at all. You want to write about how awesome and pro you are and say to people how wrong...
Viptrading bro. Discussing with people with no sense of humbleness of themselves, but afraid of sharing a simple Trade explorer with years of data on a regulated broker... It is a huge waste of time I believe.
  • #439
  • Feb 20, 2020 9:24pm Feb 20, 2020 9:24pm
Quoting BWilliam
{quote} To you his posts is arrogance. To others they are lessons. FREE lessons that one might have to pay for. It all depends on the person reading this thread.
Isn't a waste of time following lessons from a person unable to proof profitability for a long period of time?? It is very easy buddy.. just upload a Trade Explorer..
Free lessons
  • #440
  • Feb 20, 2020 9:24pm Feb 20, 2020 9:24pm
Quoting BWilliam
{quote} To you his posts is arrogance. To others they are lessons. FREE lessons that one might have to pay for. It all depends on the person reading this thread.
It's not his posts about his system that is arrogant Bill. It is the way he is choosing to engage with me and others. I am sure his system may be very informative to you, and that is fine by me. But he is in fact being arrogant about it.

Definition of arrogant. 1 : exaggerating or disposed to exaggerate one's own worth or importance often by an overbearing manner an arrogant official. 2 : showing an offensive attitude of superiority : proceeding from or characterized by arrogance an arrogant reply.
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