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  • #1,200,621
  • Oct 18, 2021 9:55am Oct 18, 2021 9:55am
OIL already tumbled to close the gap, now will try to go up again. Only USD can control it.
Follow your guts, if you want to lose your money...
  • #1,200,622
  • Oct 18, 2021 10:21am Oct 18, 2021 10:21am
Quoting Mcbeaners
{quote} now let me get hysterical on your charts. like putting trend lines are lagging indicators is going to help. har har har har. har. nah.
Even though moving averages are lagging indicators, they can still be quite useful for trading. It all comes down to how a trader uses them.
Learn from your mistakes and march on.
  • #1,200,623
  • Oct 18, 2021 10:33am Oct 18, 2021 10:33am
In search of perfection
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POSTMASTER
  • #1,200,624
  • Oct 18, 2021 10:41am Oct 18, 2021 10:41am
Quoting here2there
{quote} Even though moving averages are lagging indicators, they can still be quite useful for trading. It all comes down to how a trader uses them.
i use them in my charts, as my chart posts show, it was his RSI that i referred.

----

funny ol day, not really up to the task it seems. a lot of buying showed up earlier on eu (cummulative delta), so me thinks they are buying for some in-coming news.
In tea leaves we trust!
  • #1,200,625
  • Oct 18, 2021 10:54am Oct 18, 2021 10:54am
Quoting Mcbeaners
{quote} i use them in my charts, as my chart posts show, it was his RSI that i referred. ---- funny ol day, not really up to the task it seems. a lot of buying showed up earlier on eu (cummulative delta), so me thinks they are buying for some in-coming news.
RSI is not necessarily a lagging indicator. It is also a leading indicator. It all depends on how you use it.
Learn from your mistakes and march on.
  • #1,200,626
  • Oct 18, 2021 11:06am Oct 18, 2021 11:06am
Quoting here2there
{quote} Even though moving averages are lagging indicators, they can still be quite useful for trading. It all comes down to how a trader uses them.
Indicators and EAs lag 99.99%. You backtest and its perfect. You try them out real trading and the industry trades against you and thus indicators are twisted by pushing the price. That simple. We have been to the moon long time ago. This is a childīs game for latest AI. We are chimps. Ilusion is what keeps traders trying. Having said this, there could be a very tiny possibility you find a perfect strategy. The only system that works is using some personal and ingenius one that you have created, normally by coincideance like mayor inventions. ĮIf you succeed then you have to deal with the boss who knows your cards, your money, your ID your everything.I yet have to meet a trader who can "prove" he is winning on a constant basis. Everything i am seeing since 2011 is words, words and more words.
POSTMASTER
  • #1,200,627
  • Oct 18, 2021 11:10am Oct 18, 2021 11:10am
Quoting here2there
{quote} RSI is not necessarily a lagging indicator. It is also a leading indicator. It all depends on how you use it.
rsi is a momentum indicator
  • #1,200,628
  • Oct 18, 2021 11:11am Oct 18, 2021 11:11am
Quoting Mcbeaners
{quote} i use them in my charts, as my chart posts show, it was his RSI that i referred. ---- funny ol day, not really up to the task it seems. a lot of buying showed up earlier on eu (cummulative delta), so me thinks they are buying for some in-coming news.
ALL indicators are lagging because they depend on HISTORICAL price
  • #1,200,629
  • Oct 18, 2021 11:18am Oct 18, 2021 11:18am
Quoting here2there
{quote} RSI is not necessarily a lagging indicator. It is also a leading indicator. It all depends on how you use it.
feel free to show me how that works.
In tea leaves we trust!
  • #1,200,630
  • Oct 18, 2021 11:21am Oct 18, 2021 11:21am
Quoting Robinhood1
{quote} ...I yet have to meet a trader who can "prove" he is winning on a constant basis. Everything i am seeing since 2011 is words, words and more words.
I also have my doubts about this. I think if each FF member had to post yearly trading results, opinions would likely change about how effective certain people (the braggers) on here are at trading.

I will be the first to admit that I am not that great at trading FOREX. Nevertheless, I am a profitable trader, and I have never blown an account. Most of my gains have been made outside of the FOREX market (in other markets). I find the FOREX market to be difficult for my trading style.
Learn from your mistakes and march on.
  • #1,200,631
  • Oct 18, 2021 11:22am Oct 18, 2021 11:22am
Historical prices goes in cycles thus you can catch beginings and ends. The problem is that we do not have a proper tool or at least i donīt know where it is. MT4 can go back quite far which is perfect but indicartors cannot. For example, if you use 1 min charts, indicators have to be set minimum 1440 which are the number of minutes in a day but if the cycle is a week then you need to set the indicator x 7 and it wonīt allow it.
POSTMASTER
  • #1,200,632
  • Oct 18, 2021 11:23am Oct 18, 2021 11:23am
Quoting PatienceFx
{quote} ALL indicators are lagging because they depend on HISTORICAL price
oh want to talk to me now.

yes and there's some that lag way more then others ... i would say rsi is one of them. cummulative delta isn't one of them.

anyway, just a bit of banter today.

trade well.
In tea leaves we trust!
  • #1,200,633
  • Oct 18, 2021 11:24am Oct 18, 2021 11:24am
Quoting Mcbeaners
{quote} feel free to show me how that works.
what is the simple rsi telling you on this chart

specially in relation to the 50 level
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  • #1,200,634
  • Oct 18, 2021 11:26am Oct 18, 2021 11:26am
Quoting PatienceFx
{quote} what is the simple rsi telling you on this chart specially in relation to the 50 level {image}
THAT rsi gave me this rotten trade today
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  • #1,200,635
  • Oct 18, 2021 11:28am Oct 18, 2021 11:28am
Quoting PatienceFx
{quote} THAT rsi gave me this rotten trade today {image}
this proves rsi is a rotten indicator which gives rotten trades
  • #1,200,636
  • Oct 18, 2021 11:29am Oct 18, 2021 11:29am
Quoting Mcbeaners
{quote} feel free to show me how that works.
Look up how to trade divergence using the RSI. If you are using higher time frames, such as H4, the Daily, or the Weekly, then set the period to 4 and use 80 and 20 for your levels. You can also attach an EMA to your chart using a period of 1, and make it fat in width to easily find divergence.

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Learn from your mistakes and march on.
  • #1,200,637
  • Oct 18, 2021 11:31am Oct 18, 2021 11:31am
Bull Volume are pushing UP
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  • #1,200,638
  • Oct 18, 2021 11:33am Oct 18, 2021 11:33am
Quoting here2there
{quote} Look up how to trade divergence using the RSI. If you are using higher time frames, such as H4, the Daily, or the Weekly, then set the period to 4 and use 80 and 20 for your levels. You can also attach an EMA to your chart using a period of 1, and make it fat in width to easily find divergence. {image}
on weekly there is something huge cooking
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  • #1,200,639
  • Oct 18, 2021 11:33am Oct 18, 2021 11:33am
Quoting PatienceFx
{quote} what is the simple rsi telling you on this chart specially in relation to the 50 level {image}
yes all well and good, but anyone who has tried ris knows it evolves and isn't consistant enough. rsi has to be adjusted to current conditions etc. otherwise doesn't detail tops nor bottoms.

btw a 2 touch trendline ain't much to go on.
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Click to Enlarge Name: EURUSDH4.png Size: 29 KB
In tea leaves we trust!
  • #1,200,640
  • Oct 18, 2021 11:34am Oct 18, 2021 11:34am
Quoting PatienceFx
{quote} this proves rsi is a rotten indicator which gives rotten trades
a healthy mind can admit when its is wrong. well done!

In tea leaves we trust!
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