Why do traders use so many indicators? | Page 28 | Forex Factory

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Why do traders use so many indicators?

  • #541
  • Edited 6:34pm Feb 22, 2020 6:19pm | Edited 6:34pm
Quoting moodybot
{quote} Just high low open close rehashed into a dash designed to give a trader a warm fuzzy feeling......like all of these products. I’ll say it again. No one knows where the Algo is heading. We cannot see the book, until then, it’s best guess. Find the stops.
I have not pass judgement on his trading yet.

Who knows he MAY be the Einstein in trading among us.
I look forward to his live streaming video.
I am wide open to learning new things, that's why I am here.
I wrote earlier, how a trader performs in actual live market tells everything about him. Forum post is bs. Just keyboard warriors at work.

So the live stream is the proof for me. My bullshit meter will definitely be working overtime in such live sessions. It's called bullshitnograph.
Know what you trade
  • #542
  • Feb 22, 2020 6:30pm Feb 22, 2020 6:30pm
Quoting moodybot
{quote} Funny that, I started a reply then saw that you have answered my question......... I tried to follow your explanation of how you took a trade off of your dashboard, and must admit, I stopped reading at the first sign of gamma waves, theta bounces, oscillating jockstraps. I just drew a line on a chart. That worked. We are done. Ignore button activated, not how I would like to interact in FF but sometimes the Bullshit Meter hits a home run.

That's what Trolls do. They Troll. If you were truly "trying to follow" then you would have simply read what was written. Pretense is just that: Pretense. The trades speak for themselves. The fact that you don't understand the System that produced them is your problem. Hilarious!

You can ignore all you want. However, that's the difference between me and a Common Ordinary Troll - you will not see one single individual Troll ignored on my UID Page. Not one. That's because I don't fear Trolls. They fear me. And, the should - with good reason. None of them can Trade. None of them.

They are not Trading. They are engaged in Social Media Consumption - not Trading. Traders, trade. That's what we do. And, in the event that we try to reach out and expose the "noise" in Trading Forums for what it is (abject noise pollution), that's to the benefit of the Wiser New Trader, and to the detriment of the Commercial Forum Trolls who feign to be "Trading."

Keep Trolling. Keep faking it. Keep racking up those FF post numbers - the really do demonstrate your Trading skill.
  • #543
  • Feb 22, 2020 6:38pm Feb 22, 2020 6:38pm
Quoting BWilliam
{quote} I have not pass judgement on his trading yet. Who knows he MAY be the Einstein in trading among us. I look forward to his live streaming video. I am wide open to learning new things, that's why I am here. I wrote earlier, how a trader performs in actual live market tells everything about him. Forum post is bs. Just keyboard warriors at work. So the live stream is the proof for me. My bullshit meter will definitely be working overtime in such live sessions. It's called bullshitnograph.
Ok, no probs. My prediction is he’ll be here in 10 yrs rolling out the same crap that he was rolling out 10 previous.
  • #544
  • Feb 22, 2020 6:39pm Feb 22, 2020 6:39pm
Attached Image (click to enlarge)
Click to Enlarge Name: None Ignored.png Size: 228 KB


Proof that I don't have any ego in being here. I have no ignore list. That tells the New Guy/Gay that I don't care to ignore Trolls. I enjoy exposing them for what they are: Professional Trolls.

I love doing that. Trading Forums could actually be really great places for the New Trader. However, because of Professional Trolls and Pretend Trader, finding genuinely competent Traders who know what they are doing and why they are doing it, is worse than trying to find a needle in a haystack - precisely because there is no haystack in which to find a needle with Pro Trolls and Feigning Traders.

None ignored. All exposed.

Why do Technical Trades rely on their Trading Systems - would have been a much better and far more productive OP. Instead, I find myself once again, delivering the Troll's head on a silver platter.

Now, explain your absence in EURUSD? What was so difficult in finding a path to a successful trade on Friday. This thread was supposed to be about Trades and calling them in parallel with Naked Charts, right? So, explain why you decided to sit on the sidelines while I was in EURUSD using the System you stopped reading about - cause you knew everything there was to know about it.

LOL! Geepers. Just geepers.
  • #545
  • Feb 22, 2020 6:45pm Feb 22, 2020 6:45pm
Quoting moodybot
{quote} Ok, no probs. My prediction is he’ll be here in 10 yrs rolling out the same crap that he was rolling out 10 previous.

You've spent ten years on this forum creating five threads and not one of them has made any money, showed anyone how to make any money, inspired anyone to make any money, or even sniffed at the hint of the possibility that you would make money doing anything you've posted in any thread you've started.

In stark contrast, people have actually gone out and created their own Indicators and trading ideas from threads I've started on this forum over the years. In fact, though they no longer post here because of Pro Trolls like you, a handful of them have actually taken my ideas, added them to their own and then had the intelligence enough to design and build their own successful Trading Systems.

You have no clue about Jack, or the horse Jack rode in on. You have no idea what you are saying or to whom you are saying it to.

Enjoy another 10 years on this forum creating another 5 threads that say nothing, do nothing and inspire no one to DO anything with them.
  • #546
  • Feb 22, 2020 6:48pm Feb 22, 2020 6:48pm
Just a reminder for those looking to draw a line....
Post 446
Finally home so can check my chart EURUSD...

My EA entered slightly early yesterday so am in DD, SL placed so no real drama.
Actually I could have taken profit but i'll leave it to hit TP or stop out.
Will it hit TP, I'm not sure and if not, no problem, my entry was too early and I'll wait until the next lower target is taken out...
But the question is, why am I not sure...and that's because the target at 1.07776 20th April 2017 has not been taken out, the Low yesterday was.. 1.07776...exactly the same, to the pip. If anyone wants convincing that the price feed is anything other than an Algorithm please explain why price stopped exactly at the previous long time Low. Algorithmic programming stopped that price movement, it draws in Long traders...me, if it had broken the level, I would be confident, but with another level 100 pips South, that may well be where it's heading. Absolutely no one knows, impossible to know. I'm biased Long from previous experience, but I have a plan if I am wrong.
Most likely get the move, whichever direction it is, sometime later in UK or US session probably during the news.
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1582260687



Post 495
Follow up to EURUSD...live call, using two indicators.
Candles and a hand drawn line taken off a 3 year historical gap...using reversal theory. As basic as it can get.
The trade was placed early due to being away from PC, otherwise, all good.
Price moves from target to target, all pairs, all time frames...the algo is programmed to do that.
At each target, once cleaned out, a fresh trap is laid, a never ending cycle.

The blue line on the chart is a fresh trap, no one knows when the Algo will track towards it, only it will.
Georges thread, worth it's weight in Gold.
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1582313547
  • #547
  • Feb 22, 2020 7:00pm Feb 22, 2020 7:00pm
Quoting moodybot
Just a reminder for those looking to draw a line.... Post 446 Finally home so can check my chart EURUSD... My EA entered slightly early yesterday so am in DD, SL placed so no real drama. Actually I could have taken profit but i'll leave it to hit TP or stop out. Will it hit TP, I'm not sure and if not, no problem, my entry was too early and I'll wait until the next lower target is taken out... But the question is, why am I not sure...and that's because the target at 1.07776 20th April 2017 has not been taken out, the Low yesterday was.. 1.07776...exactly...
This is where I don't understand. Pls clarify.

You mentioned in both EU and EA trades, I assume executed by your trading bot, that the entries were early. When compared to the actual level, they are way off the mark.

My question is why don't you use orders at those exact levels that you identified ? Or create a sound alert indi instead of trading bot so that it gives you the opportunity to assess whether to open the trades or not ? I use alerts that's how I do it as shown in the pic posted earlier.

If you trade with trading bots, by experience, you will have known that it can't replicate completely the fine judgement that actual manual trade entry can produce. Most of the time it comes off worse. So why continue to bot trade when you know this is the case ?
Know what you trade
  • #548
  • Feb 22, 2020 7:01pm Feb 22, 2020 7:01pm
Quoting JetTrader
{quote} You've spent ten years on this forum creating five threads and not one of them has made any money, showed anyone how to make any money, inspired anyone to make any money, or even sniffed at the hint of the possibility that you would make money doing anything you've posted in any thread you've started. In stark contrast, people have actually gone out and created their own Indicators and trading ideas from threads I've started on this forum over the years. In fact, though they no longer post here because of Pro Trolls like you, a handful of...



Ok, sorry Pete, you said not to , but on this one its time...........

Your thread Jetdude, 9 years ago......Post 1 same shit now but 9 years later.

https://www.forexfactory.com/showthread.php?t=294091

Same shit, different day.

Post 2 on that thread.

 

  1. https://cdn-assets.faireconomy.media...ar168346_2.gif the redlion
  2. Joined Jan 2011 | Status: Member | 2,680 Posts

i disagree.

leading = predicting= b/s
lagging= past= b/s

price simply cannot be predicted.
so work on what you can control and what you DO know

flexibility, understanding of the market and market structure, and learn to manage risk, maximize profit. know yourself and know the market.

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Funny, I posted exactly the same earlier as redlion, then I was directed to your old thread where on Page 1 it says your going for 100 million....9 years down the track you're still saying the same crap...what was it 100 billion or something now................


Full of Bullshit, nothing has changed Jetdude, 9 years on and you haven't changed.

  • #549
  • Feb 22, 2020 7:02pm Feb 22, 2020 7:02pm
Quoting bluesteele
{quote} {image}

  • #550
  • Feb 22, 2020 7:09pm Feb 22, 2020 7:09pm
Quoting JetTrader
{quote} You've spent ten years on this forum creating five threads and not one of them has made any money, showed anyone how to make any money, inspired anyone to make any money, or even sniffed at the hint of the possibility that you would make money doing anything you've posted in any thread you've started. In stark contrast, people have actually gone out and created their own Indicators and trading ideas from threads I've started on this forum over the years. In fact, though they no longer post here because of Pro Trolls like you, a handful of...

So Mr NFL star.. Yes folks Jetrader claims to have played a long illustrious career in the NFL..
As well a Miltary test pilot... and a PhD of course !!!!

And now its 0-40 Million... before 0-100 million.

I mean cmon do you really think any one in their right mind believes your B.S. ???

You claim others have made no money.. So lets see your proof bigshooter..

Put your money where your Big Mouth is.... Show us the money and Everyone will shut up and bow down to you.

I will be the first...

Show your cards player.
Markets are Mirrors,,Mastery of craft is mastery of self
  • #551
  • Feb 22, 2020 7:11pm Feb 22, 2020 7:11pm
Quoting BWilliam
{quote} This is where I don't understand. Pls clarify. You mentioned in both EU and EA trades, I assume executed by your trading bot, that the entries were early. When compared to the actual level, they are way off the mark. My question is why don't you use orders at those exact levels that you identified ? Or create a sound alert indi instead of trading bot so that it gives you the opportunity to assess whether to open the trades or not ? I use alerts that's how I do it as shown in the pic posted earlier.
Nothing was way off the mark. Don't assume that the trade is placed at the break of the high and low, that's the gotcha.
The algo may revisit, if it does it traps both sides, those hanging on and those getting in early.
Those stops have to be cleaned out first. I said that I had left the EA running as I had already mentioned the trade in an earlier post, but I was having a couple of days break away but wanted to show that this game does not have to be complicated.
So you are correct, I could have waited a little longer and got a better value trade but i was also fully confident in my analysis.
If the trade goes against, no drama, I then wait for the next level to break, if it does go against there is usually another level or gap that has to be filled. Some gaps are less that 1 pip. Difficult to spot, but they will get filled.
Georges thread got trashed, but its a good read.
  • #552
  • Feb 22, 2020 7:12pm Feb 22, 2020 7:12pm
If the question was Why do traders test so many indicators, I would have said because they are trying to find the one that works a few that work together. Just like somebody is trying to find a cure for whatever ailment. Some succeed, some partially succeed and some keep at it. There is the other category of those who don't need indicators. For whatever reason, indicators aren't their thing. They have found success other ways. Eventually, some switch camps too. No big deal.
  • #553
  • Feb 22, 2020 7:18pm Feb 22, 2020 7:18pm
Quoting OutThere
If the question was Why do traders test so many indicators, I would have said because they are trying to find the one that works a few that work together. Just like somebody is trying to find a cure for whatever ailment. Some succeed, some partially succeed and some keep at it. There is the other category of those who don't need indicators. For whatever reason, indicators aren't their thing. They have found success other ways. Eventually, some switch camps too. No big deal.
Spot on sweet concise answer.
Know what you trade
  • #554
  • Feb 22, 2020 7:24pm Feb 22, 2020 7:24pm
Quoting moodybot
Georges thread got trashed, but its a good read.
I read the entire thread. I agree it's good read and I have gained a lot. Just that aside a few people including yourself, there were no one else who posted charts to demonstrate their understanding of what they have learnt. Some of those posted did it wrongly adding to the gobblydegook.
Know what you trade
  • #555
  • Feb 22, 2020 7:25pm Feb 22, 2020 7:25pm
Quoting BWilliam
{quote} I read the entire thread. I agree it's good read. Just that aside a few people including yoursekf, there were no one else who posted charts to demonstrate their understanding of what they have learnt.
Take what you can from George, the targets especially, add a decent reversal method at the targets and it starts to make sense.
  • #556
  • Feb 22, 2020 7:30pm Feb 22, 2020 7:30pm
Its funny how the Master George fan boys come here trash talk Jettrader, when George did the same thing, only with more ridiculous claims. And just to be clear i am not defending Jettrader as i think he is full of crap too.
  • #557
  • Feb 22, 2020 7:32pm Feb 22, 2020 7:32pm
Quoting moodybot
{quote} Take what you can from George, the targets especially, add a decent reversal method at the targets and it starts to make sense.
Just for your info for someone else who found value from his thread. I have extended his targets idea to intraday level showing targets for each trading session within each trading day for each pair. That's the research work I have done. No need for those occasional high tfs major levels. They work just as well. I posted the EA chart with updates on this thread using his method. Live market sample.
Know what you trade
  • #558
  • Feb 22, 2020 7:42pm Feb 22, 2020 7:42pm
Quoting BWilliam
{quote} Just for your info for someone else who found value from his thread. I have extended his targets idea to intraday level showing targets for each trading session within each trading day for each pair. That's the research work I have done. No need for those occasional high tfs major levels. They work just as well. I posted the EA chart on this thread using his method.
100% agree with what you said. But to clarify...George always has traded intraday targets per session per pair he trades. Higher TF targets are only used
when price is approaching. Especially when trading one pair.. Perhaps that wasnt emphasized as much... But session targets are the basis of his method.
Markets are Mirrors,,Mastery of craft is mastery of self
  • #559
  • Feb 22, 2020 7:53pm Feb 22, 2020 7:53pm
Quoting bluesteele
{quote} 100% agree with what you said. But to clarify...George always has traded intraday targets per session per pair he trades. Higher TF targets are only used when price is approaching. Especially when trading one pair.. Perhaps that wasnt emphasized as much... But session targets are the basis of his method.
Ok, now your clarification completes my understanding, thanks. I was certain George must have seen those intraday targets that explains for why he uses the intraday word in his title.

To be honest, not a knock, imho the entire trading concept was not well explained on the thread. Idk perhaps it was intended that way for proprietary reasons. The reader has to already have advanced knowledge about trading to cull any benefit from his posts. Definitely useless for the novice trader that's beyond them. They require more explanation. Just a feedback.
Know what you trade
  • #560
  • Feb 22, 2020 7:57pm Feb 22, 2020 7:57pm
Quoting STrading
Its funny how the Master George fan boys come here trash talk Jettrader, when George did the same thing, only with more ridiculous claims. And just to be clear i am not defending Jettrader as i think he is full of crap too.
No ones a master George fan, but there is damn sight more clarity with George than most garbage that’s out there.
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