As far as I understand the indicators show average levels that have already formed historically, and if there is a new non-standard situation, then they may not work... Besides, as far as I know the indicators do not work during the news release, that is why fundamental analysis is separated from technical analysis... And you should not use only one indicator and rely only on its indicators, it seems to me that the most constructive way to collect a set of three indicators that will support each other and show the most potential and profitable entry points. Maybe I am wrong? Then correct me...
Why do indicators not work/work? Why is Forex not truly random?
- #124
- Apr 16, 2020 2:18pm Apr 16, 2020 2:18pm
- Joined Apr 2015 | Status: Trader | 1,756 Posts
As far as I know, indicators are necessary to fix historical price levels, which allow forecasting at what stage the price should go down or up... And they rarely work on news or any significant events. That is, they point to such regularities that occur on a daily and annual basis. For example, this happens when the currency is rising in price on the eve of holidays or in connection with some annual events... They stop working at the moment when some multiple economic events occur simultaneously and lead to a strong total change. Plus, the indicators...
yes indicators are "market fitted". I don't think it's a bad thing, as long as you have a WIDE stop loss or NO STOP LOSS at all (in this case you have to withdraw regularly and start very small...obviously!)
- #125
- Apr 16, 2020 2:36pm Apr 16, 2020 2:36pm
- Joined Sep 2017 | Status: Trader | 4,360 Posts
Trade to trade another day
- #127
- Apr 17, 2020 8:50am Apr 17, 2020 8:50am
- Joined Sep 2015 | Status: Trader | 2,516 Posts
Trading thin liquidity at the boundary of the charts
- #130
- Last Post: Dec 25, 2020 12:08pm Dec 25, 2020 12:08pm
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"