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Quoting mistaouting
{quote} I seem to remember you using BBands they dont seem to show those levels on the 4h or daily. Is that how you came up with those levels?
Had to zoom in on the daily... here is the update if you are looking for sell side.
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Trade what you see, take what the market gives you.
Quoting mistaouting
{quote} That's funny! I have my opinions why its not losing value against the USD as well as why its range bound. I don't think the market is ignoring the virus by any means you can see that in the way the markets are behaving. Things change everyday...I think you still should apply your typical trading strategies everyday also those levels he gave me were not levels at the top or bottom of the channel
Can't agree less.

I think d indicators re lagging.
I do better jist luking at PA, Supporr and Resistance (demand and supply Zones)

Indicators don't tell me levels.
Do u know why price react to level?

Dey react cos u re not d only one luking at dat level.

It's simple.
People place dre stops, TP and orders at these psychological level.

So, levels is as important as numbers of "actions" on it.
D more popular d levels re, d more price will react 2 it.

I remember 2005- 2010.

Daily Pivot point was d game.
Every forex site has a Pivot calculator.

Today, aside from weekly amd monthly pivots, people rarely talk about daily Pivot these days.

U know wjy?
It has become obsolete and unpopular.

Making daily pivots "impotent"

As u said, whateverthat works 4u , stick with it.

"This went longer than I wanted"
Quoting briancollins
{quote} I don't think anyone needs an indicator right now. When re we going to admit that this Market is not going 2 trend? Dre is enough fundamental reasons for it 2 go down since weeks ago. D second wave of Coronavirus is here bit d markets is ignoring it. Doesn't that tell u something? We re in this range for now. Until something changes.
there you go! You asked the perfect question. “we are in range” what range??? Where to where?? This is where it is important to apply indicator in my opinion. Because thats how we identify where we enter the market. You see the market sits ik range, when it breaks out... it’ll be too late to join. So we got to anticipate where it’ll breakout and which side it’ll breakout.
that way you can buy at the lowest price or sell at the highest price.

I really believe we might see 1.1210 just one more time.. But let see here..
Trade what you see, take what the market gives you.
Quoting briancollins
{quote} Can't agree less.
lol...I'm sure whatever you do works great for you!
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Quoting briancollins
{quote} Can't agree less. I think d indicators re lagging. I do better jist luking at PA, Supporr and Resistance (demand and supply Zones) Indicators don't tell me levels. Do u know why price react to level? Dey react cos u re not d only one luking at dat level. It's simple. People place dre stops, TP and orders at these psychological level. So, levels is as important as numbers of "actions" on it. D more popular d levels re, d more price will react 2 it. I remember 2005- 2010. Daily Pivot point was d game. Every forex site has a Pivot calculator....
Sounds like your typical trading strategy!?!?! Like I said you should stick to it day to day

But if you want to talk about indicators....lol....everything you said you use is a indicator SOMETHING gives you indication on when to buy or sell....if you know that or not....

Yes indicators are lagging...they are based on past data...as well as the price action you see and make your calls based on...unless you can see price action before it hits your chart...if so your some kinda special

But I get it, have seen a others on here post about how they dont use indicators lol....little do they know....unless they close their eyes and hit the buy and sell button on orders then they are using some sort of indicator.....IMO PRICE IS AN INDICATOR

I get it; you guys who trade without indicators are some cool cats and kittens.....just joking....but seriously!
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Quoting mistaouting
{quote} Sounds like your typical trading strategy!?!?! Like I said you should stick to it day to day But if you want to talk about indicators....lol....everything you said you use is a indicator SOMETHING gives you indication on when to buy or sell....if you know that or not.... Yes indicators are lagging...they are based on past data...as well as the price action you see and make your calls based on...unless you can see price action before it hits your chart...if so your some kinda special But I get it, have seen a others...
what is indicator lagging??
Trade what you see, take what the market gives you.
Quoting VuLe
{quote} what is indicator lagging??
dont know how to explain it....


you use BBands....that data is based on past price data.....it dosent tell you future price....it only give you a idea of bounds based on past price data
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Quoting mistaouting
{quote} dont know how to explain it.... you use BBands....that data is based on past price data.....it dosent tell you future price....it only give you a idea of bounds based on past price data
But isnt everything we use is based on past and current price?? I mean if its for future than there is no need to predict the market... indicator will just tell us...

not sure if I responded correctly..
Never heard of lagging indicator. Indicators are formula that follows the rule. I dont think it lags. Perhaps we read it incorrectly??
imagine if you follow a math formula or a science formula down to the key... answer will never be incorrect. Idk I am very lost. Dont think my BB ever lagged.
either way I don’t use what you guys used perhaps I am missing out something.

but one thing I do know is. I may be holding the lowest buy at 1.1220 . Always got to bargain with the market xD
Trade what you see, take what the market gives you.
Quoting VuLe
{quote} But isnt everything we use is based on past and current price?? I mean if its for future than there is no need to predict the market... indicator will just tell us... not sure if I responded correctly.. Never heard of lagging indicator. Indicators are formula that follows the rule. I dont think it lags. Perhaps we read it incorrectly?? imagine if you follow a math formula or a science formula down to the key... answer will never be incorrect. Idk I am very lost. Dont think my BB ever lagged. either way I don’t use what you guys used perhaps...
I'm still playing it bearish.....

There are lagging and leading indicators we use them both and often if we know we do or not....

I think a leading indicator might something like Fib levels or S&R.....you can use those to predict what price may do once/if it gets to that level....before it happens
Lagging might be MACD or RSI
Again I couldn't explain it...but THINK I have the concept.....
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Quoting VuLe
{quote} But isnt everything we use is based on past and current price?? I mean if its for future than there is no need to predict the market... indicator will just tell us... not sure if I responded correctly.. Never heard of lagging indicator. Indicators are formula that follows the rule. I dont think it lags. Perhaps we read it incorrectly?? imagine if you follow a math formula or a science formula down to the key... answer will never be incorrect. Idk I am very lost. Dont think my BB ever lagged. either way I don’t use what you guys used perhaps...
If indis doesn't lagged, if it gives you right direction accurately, then it will be extinct since long time ago. The moment a tool gives more than 50% accuracy and people start using it, it won't work anymore... why? It will crash! Do you think banks, hedge funds, brokers, financial institutions won't know about it? Just a thought to think about fella.. Do what works for you. If you are profiting, go on.. if not, then you need to better your understanding. Cheers!
You will be what you will to be
Quoting MrBullBear
{quote} If indis doesn't lagged, if it gives you right direction accurately, then it will be extinct since long time ago. The moment a tool gives more than 50% accuracy and people start using it, it won't work anymore... why? It will crash! Do you think banks, hedge funds, brokers, financial institutions won't know about it? Just a thought to think about fella.. Do what works for you. If you are profiting, go on.. if not, then you need to better your understanding. Cheers!
that is what I am saying. Indicators are played by percentage. Its not suppose to he accurate. It has a certain % of success read. My band for most part out of 10 trade 7 of them are correct with smart trades and stop losses... just because your analysis or indicator failed to give you what you expect dont mean it is lagging...

now I understand what you mean by lagging lol. That is bullshit... no such thing as lagging indicator. If your indicator suppose to he correct, there is only need for 1 indicator and everyone use it and everyone wins.
Trade what you see, take what the market gives you.
Quoting xkwisit2001
Taking a small sell here @ 1.1245 and will leave overnight. Bedtime for me zzz
I exit two of my .5 lot at BE 1.1246.. really lookung to reload them lower.. 1.1220 and 1.1210 still my ideal entry atm..
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Trade what you see, take what the market gives you.
Quoting VuLe
{quote} that is what I am saying. Indicators are played by percentage. Its not suppose to he accurate. It has a certain % of success read. My band for most part out of 10 trade 7 of them are correct with smart trades and stop losses... just because your analysis or indicator failed to give you what you expect dont mean it is lagging... now I understand what you mean by lagging lol. That is bullshit... no such thing as lagging indicator. If your indicator suppose to he correct, there is only need for 1 indicator and everyone use it and everyone wins....
It is your overall analysis that made you that 7 out of 10. I am not talking about analysis, just the indis. Though indis are harmless, it is the user who often times misuse it. They forgot it is just a guide. Cheers!
You will be what you will to be
Quoting VuLe
{quote} if I was to short. The area I see to short is 1.1249 according to the 4h chart and 1.1262 on the daily candle.
here entry for short arrived 1.1249... Though I am not shorting. Not really trying to scalp. My view is still bull overall on the week.
Trade what you see, take what the market gives you.
Quoting VuLe
{quote} that is what I am saying. Indicators are played by percentage. Its not suppose to he accurate. It has a certain % of success read. My band for most part out of 10 trade 7 of them are correct with smart trades and stop losses... just because your analysis or indicator failed to give you what you expect dont mean it is lagging... now I understand what you mean by lagging lol. That is bullshit... no such thing as lagging indicator. If your indicator suppose to he correct, there is only need for 1 indicator and everyone use it and everyone wins....
The only indicator that doesn't lag is the price action itself. Everything else lags. Period.

Someone was asking me about that arrow indicator I use earlier, but he's probably thinking he can trade with just that indicator. However, what he'll find is that trading it live will bear different results.

This is why its so easy to either scam people into buying expensive indicators or for fake gurus to create a following based on the old data that they show to their audience.

You trade mainly off your phone and have found something that seems to work well for you with the BB's. But I can speak for the millions of traders that have found an indicator that looks amazing but then its totally sh*t when it comes to using it on a live chart. Sucks.

The use of indicators in a system can work because whoever created it can say, when X, Y and Z happens then I will take a BUY or a SELL.

But overall, its just battling with probability based on a set of rules which is still lag because its highly unlikely the strategy gets you into a razor sharp entry.
95% Fail because 95% of kids would rather be in the playground
Quoting VuLe
{quote} that is what I am saying. Indicators are played by percentage. Its not suppose to he accurate. It has a certain % of success read. My band for most part out of 10 trade 7 of them are correct with smart trades and stop losses... just because your analysis or indicator failed to give you what you expect dont mean it is lagging... now I understand what you mean by lagging lol. That is bullshit... no such thing as lagging indicator. If your indicator suppose to he correct, there is only need for 1 indicator and everyone use it and everyone wins....
Lagging and leading indicators industry terms not a persons personal opinion based on success someone has with them.

This may help...
Lagging indicators are tools used by traders to analyze the market using an average of previous price action data. Lagging indicators, as the name implies, lag the market. This entails that traders can witness a move before the indicator confirms it – meaning that the trader could lose out on a number of pips at the start of the move. Many consider this as a necessary cost in order to confirm see if the move gathers momentum. Others view this as a lost opportunity as traders forgo getting into a trade at the very start of a move.

A leading indicator is a technical indicator that uses past price data to forecast future price movements in the market. Leading indicators allow traders to anticipate future price movements and therefore, traders are able to enter trades potentially at the start of the move. The downside to leading indicators is that traders are anticipating a move before it actually happens and the market could move in the opposite direction. As a result, it isn’t uncommon to witness false breakouts, or, signs of a trend reversal that just land up being minor retracements.

Maybe it comes down to how you use certain indicators.....if its lagging or leading....but the terms kinda define themselves lag and lead

EDIT: Don't know how much success a person can have trading off of a indicator alone.....I think most traders use a host of tools and skills

EDIT: got that info from dailyfx.com to give a source
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Quoting VuLe
{quote} here entry for short arrived 1.1249... Though I am not shorting. Not really trying to scalp. My view is still bull overall on the week.
I am definitely BULLISH overall but I will BUY from that 1.1190 - 1.1210 area if we hit it again
95% Fail because 95% of kids would rather be in the playground
Omg Thank You Kwisit and mistaouting for dumbing it down for me to understand. My english is not the best. I have learn a very interesting term.
Trade what you see, take what the market gives you.
Quoting VuLe
{quote} Had to zoom in on the daily... here is the update if you are looking for sell side. {image} {image}
Can you elaborate more details about how you analyze the chart? Thanks
Quoting VuLe
Omg Thank You Kwisit and mistaouting for dumbing it down for me to understand. My english is not the best. I have learn a very interesting term.
That's why we're all here. I think the majority of guys who do really well look down on people who don't understand very well and that is why this thread isn't good sometimes.

But it's our duty as fellow traders to help because we are unique people. (I sound like captain America)

I bet nobody in here was taught about trading in school which says alot about the world we live in.

And for us to become something, we have to battle with market makers who don't make it easy for us.

Its us vs them and they love the fact that the majority of us use indicators so they can take our money.

This is why brokers pay a lot of money if you introduce new traders to their platforms lol they know they will either blow their account.... Orrr.. They will still profit from them if they do well.

Win win situation lol
95% Fail because 95% of kids would rather be in the playground
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