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It's Unreliable

  • #201
  • Nov 19, 2021 11:06am Nov 19, 2021 11:06am
Quoting ryuryu
{quote} I'm terribly sorry, but it is not. Moving average shows average price for X candles back using smoothness if you wish. It is not lagging.
I'm terribly sorry bit it is a lagging indicator and it's not even a discussion. If you think a moving average can help you predict the future you need to quit forex now and save your money.

Here's a good primer for you:

https://www.ig.com/uk/trading-strate...to-know-190806
...because you never know - until you do!
  • #202
  • Nov 19, 2021 11:10am Nov 19, 2021 11:10am
Quoting fxsport
{quote} I'm terribly sorry bit it is a lagging indicator and it's not even a discussion. If you think a moving average can help you predict the future you need to quit forex now and save your money. Here's a good primer for you: https://www.ig.com/uk/trading-strate...to-know-190806
I was going to respond, but I gave up. I just don't want to get into a debate over something so obvious. I don't have the patience for this.
Learn from your mistakes and march on.
  • #203
  • Edited 12:08pm Nov 19, 2021 11:22am | Edited 12:08pm
Quoting fxsport
{quote} I'm terribly sorry bit it is a lagging indicator and it's not even a discussion. If you think a moving average can help you predict the future you need to quit forex now and save your money. Here's a good primer for you: https://www.ig.com/uk/trading-strate...to-know-190806
Why the world some one must use moving average to PREDICT the future? Are you kidding me? How is this even possible? Moving average show average of PAST.
You don't need to use a spoon to chop wood. You must use an ax. And you need a spoon to eat soup. You have chosen wrong instrument for trading but I must quit the forex. Check the logic.

Moving average is NOT lagging indicator. It show exactly what it was designed to show with every new tick come! It has zero lag! Anyway even if someone made lagging moving average indicator for you, why didn't you make non-lagging one?

But you have nothing to say about volume data hiding, about liquidity lie, about brokers scheme scams. Yes, sure. The only problem on forex is moving average. May be stochastic also.

UPD:

Haha. I was right. Look at this:

Attached Image (click to enlarge)
Click to Enlarge Name: 2abb8bb0b08e2ea6eda1cd3b2921b304.png Size: 53 KB

Stochastic is not a lagging but LEADING indicator!

1. The proof that MA is lagging is the broker website
2. They say that Stoch is leading not lagging


this thread becomes more funny than previous one. I don't remember about what but it was funny too

I understand that "who the world cares" but stoch IS MOVING WORLD AVERAGE just represented as oscillator

But who I'm trying to impress... OMG. What a situation...

And this is perfect:

Attached Image (click to enlarge)
Click to Enlarge Name: af1f02efafb69d5f84673c8e8a8e6ff9.png Size: 30 KB

But there are no volume data on forex, so what the world that indicator is using... but WHO THE WORLD CARES? Let's use it to proof that moving average is lagging indicator

This is PERFECTO!

Attached Image (click to enlarge)
Click to Enlarge Name: f4897794d8a65f9c182c11ca79929296.png Size: 17 KB
So, Stochastic not using historical data. But moving average do. Oooookay.

I'm done. This is too funny for me, guys
Observer effect
  • #204
  • Nov 19, 2021 12:19pm Nov 19, 2021 12:19pm
Quoting ryuryu
{quote} Why the world some one must use moving average to PREDICT the future?...
Of course a moving average is not lagging within the context of its own rules! However, it is lagging within the context of price action trading! You are attempting to make a farce out of something you clearly don't understand. Context is key!
Learn from your mistakes and march on.
  • #205
  • Nov 19, 2021 12:39pm Nov 19, 2021 12:39pm
Quoting here2there
{quote} Of course a moving average is not lagging within the context of its own rules! However, it is lagging within the context of price action trading! You are attempting to make a farce out of something you clearly don't understand. Context is key!
So the proof that moving average is lagging but stochastic is not provided by the scam broker is ok? May be this is the problem, may be that's why it is unreliable?

I know how indicators work. I claim that moving average is non lagging. That stochastic is non lagging. That stochastic is non leading. That stoch is same like ma but just provided like oscillator.

You asked. I answered. Proof me that I'm wrong.

p.s. What was the purpose to start the thread? To hear the truth? I have provided it to you. Or you want to hear the same bullshit for 1000 time? Okay, it is ok too. Just say it. As you wish. You thread your rules.
Observer effect
  • #206
  • Nov 19, 2021 4:54pm Nov 19, 2021 4:54pm
[quote=fxsport;13794768]
Quoting here2there
{quote} 1. A forex edge? I think it's related to Sasquatch
The notion of an edge, and the quest to find it in the forex, as if it were the Holy Grail, has always amused me. In my mind, you seek an edge when you are evenly matched against an opponent (fill in your own sports analogy now). But nearly everyone here is completely outmatched in trading the forex. Until you understand what's going on in the charts, you're just potential liquidity to the real "herd", and actually, not even that.
  • #207
  • Nov 19, 2021 5:55pm Nov 19, 2021 5:55pm
A person with a two-digit IQ will always bring a lot of fun to the forexfactory.
  • #208
  • Nov 19, 2021 6:28pm Nov 19, 2021 6:28pm
Quoting ryuryu
{quote} I'm terribly sorry, but it is not. Moving average shows average price for X candles back using smoothness if you wish. It is not lagging. It is like to say that average speed of your car slow you down that's why you are not so good like formula 1 drivers. Look at Ronaldo. He trains every day, which is why he is one of the best footballers. But he use the same shoes and the same ball. Not unique special one. As so me the problem is that we are digging the wrong hole. Better ask yourself why there are no volume data on forex? Why they are...
RyuRyu, actually here you have hit on something very important, the fact that correlated pairs move at the same time... we saw a perfect example of this just today, with USD pairs ALL moving hard and fast at the same time together!

Now I'm gonna be totally honest here, I dont know why this happens. Can anyone help me answer this question? Why would the Aussie, Euro, Canadian, Swissy, Pound ect ALL move at exactly the same time against the USD? It seems unbelievable that one event could cause several central banks to act so fast at the same time instantly?

In keeping with this thread, understanding information like this could be reliable?
Emotional Control. Process, not outcome.
  • #209
  • Nov 19, 2021 6:40pm Nov 19, 2021 6:40pm
[quote=GEfx;13795063]
Quoting fxsport
{quote} The notion of an edge, and the quest to find it in the forex, as if it were the Holy Grail, has always amused me. In my mind, you seek an edge when you are evenly matched against an opponent (fill in your own sports analogy now). But nearly everyone here is completely outmatched in trading the forex. Until you understand what's going on in the charts, you're just potential liquidity to the real "herd", and actually, not even that.
Hi GEfx

Thats what I used to think until I realised that liquidity is often runs to zero on one side of the order book. Within spread distance, there can be Zero Buyers in a acute bearish spike for a brief moment in time.
Large players can’t go long then because there isn’t enough liquidity available but the small retail trade can.
They can’t touch us so you need to make your money very quickly.

Check out the bearish spikes of EURUSD and GBPUSD around early London session to see a brief period where the retail trader killed the big players.

Will that’s the group of traders on Profitfarmers trading channel anyway.

Safe trading
Trading thin liquidity at the boundary of the charts
  • #210
  • Edited Nov 20, 2021 9:35am Nov 19, 2021 7:29pm | Edited Nov 20, 2021 9:35am
Quoting RickM
Quoting GEfx
{quote} Hi GEfx Thats what I used to think until I realised that liquidity is often runs to zero on one side of the order book. Within spread distance, there can be Zero Buyers in a acute bearish spike for a brief moment in time. Large players can’t go long then because there isn’t enough liquidity available but the small retail trade can. They can’t touch us so you need to make your money very quickly. Check out the bearish spikes of EURUSD and GBPUSD around early London session to see a brief period where the retail trader
...
Hi RickM, well I'm not sure who was getting killed today, but I was selling the E$, G$, and GY from London through just before the NY open, as I traded with the bankers as opposed to fighting them. My comment about retail trades being liquidity was more in jest than anything else. But your point is well taken. Hope you continue to trade well! Have a good weekend!
  • #211
  • Nov 20, 2021 12:57am Nov 20, 2021 12:57am
Automatic position control is important. I use EA Manager, which sets my PT and SL according to ATR for all trades. I couldn't set EA to reduce SL to some new value after 50% profit. Not on BE. EA "MPTM" is from Steve Hopwood, who doesn't want it to be publicly distributed. Do you have any idea how to set up this EA or how to use another EA?
Please excuse the bad English via Google Translate.
  • #212
  • Nov 20, 2021 1:42am Nov 20, 2021 1:42am
Quoting Konichiwhaat
{quote} RyuRyu, actually here you have hit on something very important, the fact that correlated pairs move at the same time... we saw a perfect example of this just today, with USD pairs ALL moving hard and fast at the same time together! Now I'm gonna be totally honest here, I dont know why this happens. Can anyone help me answer this question? Why would the Aussie, Euro, Canadian, Swissy, Pound ect ALL move at exactly the same time against the USD? It seems unbelievable that one event could cause several central banks to act so fast at the same...
Hi Konichiwhaat!
I don't know too. It looks very strange for me. I'm trading a lot on crypto and there are the same scam every day. For example if some guy hit buy with huge amount on one exchange, immediately there will be the same action on all other exchanges. At the same time with the same amount (divided or multiplied on average exchange volume). As for me this is cheating. It trigger stops, liquidate traders and so on. The same thing on CME/forex. If on CME there will be some action few milliseconds later exactly that move will be reproduces on forex. And that sync movements you have mentioned - the part of that scam game too.

In fact I have decided to scalp imbalances because of that. I can hide my small volume into huge imbalance volume of big players. The only way to earn in that scam environment.
Observer effect
  • #213
  • Nov 20, 2021 5:17am Nov 20, 2021 5:17am
Quoting 9jatrader
{quote} Check out the running GBPNZD {image}
I looked at your chart.
my question is what happened to your over-given signal at the last stochastic signal ?
because the price did not match
  • #214
  • Nov 20, 2021 5:26am Nov 20, 2021 5:26am
Quoting tiborf71
{quote} I looked at your chart. my question is what happened to your over-given signal at the last stochastic signal ? because the price did not match
I'm sorry, I was thinking of an overbought sign,
  • #215
  • Nov 20, 2021 5:33am Nov 20, 2021 5:33am
Quoting tiborf71
{quote} I'm sorry, I was thinking of an overbought sign,
I am thinking of the last sign circled.
  • #216
  • Edited 5:55am Nov 20, 2021 5:41am | Edited 5:55am
Superman are here again, they show us the great trades they did yesterday. They never show a trade in real time. If they publish an open trade, then only when it is already in profit. These people know how to draw a lot of pretty lines in the graph, a very wise comment is written on each line. I love these experts.
  • #217
  • Nov 20, 2021 5:57am Nov 20, 2021 5:57am
Quoting Lest
Superman are here again, they show us the great trades they did yesterday. They never show a trade in real time. If they publish an open trade, then only when it is already in profit. These people know how to draw a lot of pretty lines in the graph, a very wise comment is written on each line. I love these experts.
if you intended this for me, all I say is stay on your level because I see that you still believe that you can make money by drawing a few lines.
I'm sorry.
  • #218
  • Nov 20, 2021 6:01am Nov 20, 2021 6:01am
Quoting tiborf71
{quote} if you intended this for me, all I say is stay on your level because I see that you still believe that you can make money by drawing a few lines. I'm sorry.
It wasn't about you.
  • #219
  • Nov 20, 2021 6:06am Nov 20, 2021 6:06am
Quoting Lest
{quote} It wasn't about you.
I'm sorry.
I apologize.
  • #220
  • Nov 20, 2021 7:10am Nov 20, 2021 7:10am
Quoting tiborf71
{quote} I'm sorry. I apologize.
Superman will never come here with a question. Superman knows everything
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