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What is your favourite indicator and why ?

  • #181
  • Dec 1, 2006 6:42pm Dec 1, 2006 6:42pm
Quoting clam61
its basically murrey math
It's nothing to do with Murray Math.

I have read all the details on that, and am very pleased to be able to inform you that it's actually a lot simpler, less interpretive and more accurate.

Maybe it would be a good idea to find out about it before you make this type of suggestion. I can show you on a webcast if you like. I have one on 11 December at 8.00PST, if you'd like to join us. It's free and covers the concept.
The framework is there; we just have to work on our frame of mind.
  • #182
  • Dec 1, 2006 10:27pm Dec 1, 2006 10:27pm
Murrey redraws the lines to fit the market. This doesn't. It's a fixed framework. I look at them together because Murrey's interpretation is well known. Unfortunately the Left Brain book doesn't give a whole lot of info about how to interpret what you see. It helps to look at it with something like Murrey or the Vegas Currency daily, when you first start out. I have pretty much figured out how it works now by doing that and both of those are off my charts now. I'm especially glad to see Murrey gone, because it gives a false sense of confidence that price will always bounce off the 8/8 or 1/8 line. So you go short only to find that it has redrawn the 8/8 to be a 5/8. That's what happened with the GBP the other day at the 8/8. Obviously a short situation, but on the other hand, Absolute Fibonacci indicated that it was going to try to complete it's current set, so a long. I remember reading a post by a guy who traded off Murrey and said that he went long or short whenever it hit the 1/8 or 8/8 and just held until the price came back to him. I would hate to see his account right now. There's a world of difference between the two.
Quoting clam61
its basically murrey math
  • #183
  • Dec 2, 2006 12:10am Dec 2, 2006 12:10am
Quoting dof
I like the moon in corelation with the sun.
You rebel rouser. grin

signed, a happy Luna er tic trader
  • #184
  • Dec 2, 2006 9:55am Dec 2, 2006 9:55am
Please,

I feel very stupid. If I am looking at a chart and I draw these horizontal lines at your specified places, then I go long or short based on the colors of the bar.
Question please:
1) If the only bar the line touches is going to be one of your numbers like XX.25 and the bar is green. I buy and then what?? When do I sell it??
Now if it is red I cant buy or do I.

I know I am probably comming off very stupid. Im not, I have a doctrates degree and yet I have lost 5k this month. I want to learn and have read two books and spent hours on the net. I use Forex.com. I also noticed you use Tradestation. Please explain every little move from beginning to end. Nothing will be to small to explain.
Thanks
  • #185
  • Dec 2, 2006 1:36pm Dec 2, 2006 1:36pm
Quoting taxgeek
Unfortunately the Left Brain book doesn't give a whole lot of info about how to interpret what you see. There's a world of difference between the two.
Thanks for the comments, taxgeek. On the first quote above, there is a load of stuff on the forums and we do a lot of webcasts. So, it's a building process. The book is there to help you put the thing into operation, and to give you pointers as to how to use it. Everyone is different, and will find different levels, systems and methods that suit them. I usually find that after a couple of goes in the webcast, or a course, people are flying. See Alexitrade on the LBT forum. She did the course and in a week had doubled her demo account for the first time ever, and she's been trading for a couple of years.

And yes, there is a world of difference between the two!
The framework is there; we just have to work on our frame of mind.
  • #186
  • Dec 2, 2006 2:34pm Dec 2, 2006 2:34pm
Quoting niceguy777
It hit a specific and predictable point on the framework today. (The purple line that it retraced from later).
Dude, there are like 50 lines on that chart. How can it NOT retrace at one of them? An indicator that plots lines every 10 pips or whatever indicates nothing. It's just easy to post a picture and say "hey look it works!". Cmon.

I actually bought your book when I first started trading. Let's just say that's when I was easily manipulated by the "nice people" on this forum. The ones that in every post have to talk about what they sell. How they chime in to threads about some random topic, but always have to link their material no matter what the subject. Hey, it sells books though, it sold it to me.

Since then, I've studied forex 12 hours a day for months. I've worked my ass off at this profession, and I can finally say I have progressed leaps and bounds over the majority. Still, I get sick to my stomach to see people fall prey to these "nice people" and their advertising. This is the ONE thing that gets my stirred up is how the uneducated are taken advantage of.

Forex is NOT easy! Quit saying it is so you can sell books. If it was as easy as you claim it is, you would not need to sell books, would you?

And this is not a challege or argument or anything like that. I just want some people to read what I write and say wow, you know, he's right. It really isn't going to help me to buy a book and plot a couple hundred lines on my charts. If I want to succeed at this business, I'm going to have to work my ass off and quit looking for shortcuts, because I realize that those people selling shortcuts are the people that never found them.
  • #187
  • Dec 2, 2006 2:44pm Dec 2, 2006 2:44pm
Amen to that Twinchell
  • #188
  • Dec 3, 2006 5:51pm Dec 3, 2006 5:51pm
Quoting deyler
Please,

I feel very stupid. If I am looking at a chart and I draw these horizontal lines at your specified places, then I go long or short based on the colors of the bar.
Question please:
1) If the only bar the line touches is going to be one of your numbers like XX.25 and the bar is green. I buy and then what?? When do I sell it??
Now if it is red I cant buy or do I.

I know I am probably comming off very stupid. Im not, I have a doctrates degree and yet I have lost 5k this month. I want to learn and have read two books and spent hours on the net. I use Forex.com. I also noticed you use Tradestation. Please explain every little move from beginning to end. Nothing will be to small to explain.
Thanks
TRO TheRumpledOne was banned many months ago and also at TradeStation and at ....... fill in the blank.
  • #189
  • Dec 3, 2006 6:39pm Dec 3, 2006 6:39pm
Quoting deyler
Please,

I feel very stupid. If I am looking at a chart and I draw these horizontal lines at your specified places, then I go long or short based on the colors of the bar.
Question please:
1) If the only bar the line touches is going to be one of your numbers like XX.25 and the bar is green. I buy and then what?? When do I sell it??
Now if it is red I cant buy or do I.

I know I am probably comming off very stupid. Im not, I have a doctrates degree and yet I have lost 5k this month. I want to learn and have read two books and spent hours on the net. I use Forex.com. I also noticed you use Tradestation. Please explain every little move from beginning to end. Nothing will be to small to explain.
Thanks
deyler - don't believe everything you read on this or any forum.
  • #190
  • Dec 3, 2006 7:13pm Dec 3, 2006 7:13pm
Quoting twinchell
Dude, there are like 50 lines on that chart. How can it NOT retrace at one of them? An indicator that plots lines every 10 pips or whatever indicates nothing. It's just easy to post a picture and say "hey look it works!". Cmon.

I actually bought your book when I first started trading. Let's just say that's when I was easily manipulated by the "nice people" on this forum. The ones that in every post have to talk about what they sell. How they chime in to threads about some random topic, but always have to link their material no matter what the subject. Hey, it sells books though, it sold it to me.

Since then, I've studied forex 12 hours a day for months. I've worked my ass off at this profession, and I can finally say I have progressed leaps and bounds over the majority. Still, I get sick to my stomach to see people fall prey to these "nice people" and their advertising. This is the ONE thing that gets my stirred up is how the uneducated are taken advantage of.

Forex is NOT easy! Quit saying it is so you can sell books. If it was as easy as you claim it is, you would not need to sell books, would you?

And this is not a challege or argument or anything like that. I just want some people to read what I write and say wow, you know, he's right. It really isn't going to help me to buy a book and plot a couple hundred lines on my charts. If I want to succeed at this business, I'm going to have to work my ass off and quit looking for shortcuts, because I realize that those people selling shortcuts are the people that never found them.
Sure, it's different for everyone. I guess you still have a lot of work to do on the mindset, but I don't know you, so I can't say. Those that really get it find it easy. I am sorry you weren't one of them. And no, I don't need to sell books, but I do value my time, so I refer people to the book so they can see and keep all the information they need rather than trying to do it piecemeal and incomplete way. Can I suggest that you check out the mindset part again, and really be honest with yourself in asking if you are truly practicing what it suggests. If you are, then, like me, you are probably one of those who needs some specific one-on-one assistance. with that.

I am sure a lot of people will agree with you that Forex seems difficult, but is that what you want? What if is truly was easier that you have lead yourself to believe? Wouldn't that be a good thing? Wouldn't you be relieved?

Just so you know, and I don't think you have made use of it, we do have a separate forum for those who are using the technique, and I think all of them will agree that I put a hell of a lot of free time into helping people along. It just makes more sense to do it within the confines of a specialized space. I'm happy to do the same here, if Merlin wants to do that.

Furthermore, the amount I make on each book is more than wiped out by all the time I put in supporting people. I am not going to do that indefinitely.

Join me on a free webcast for more help, on the 11the December at 8.00pm PST if you have time. I'd be keen to find out where you are not succeeding. You know where to email for access.

The framework is there; we just have to work on our frame of mind.
  • #191
  • Dec 3, 2006 8:21pm Dec 3, 2006 8:21pm
I don't need assistance, thank you though. Good luck with your book.
  • #192
  • Dec 4, 2006 1:05pm Dec 4, 2006 1:05pm
Quoting twinchell
I don't need assistance, thank you though. Good luck with your book.
Congratulations - you are in a rare minority!
The framework is there; we just have to work on our frame of mind.
  • #193
  • Jan 15, 2007 5:07pm Jan 15, 2007 5:07pm
Niceguy777,
Would you pm me with the info on your book & its contents? I have
been using Murrey Math Indicator method that I downloaded from this forum,
but I think there is a better way. Thanks for your response & help.
  • #194
  • Jan 15, 2007 7:13pm Jan 15, 2007 7:13pm
Sure, no problem
The framework is there; we just have to work on our frame of mind.
  • #195
  • Jan 15, 2007 8:13pm Jan 15, 2007 8:13pm
a new concept. wish to hell i would have came up with that one. are you going to market this i would be a player

Quoting dukeofdents
BTW, supply and demand is a good indicator, too. I'll tell you all how to do this, and this is a big secret, I usually charge over $5000 for this knowledge, but here it is:

BUY LOW AND SELL HIGH!

Well, there it is, I hope it was useful, I should have kept it to myself.
THE MAN
  • #196
  • Jan 15, 2007 9:41pm Jan 15, 2007 9:41pm
Summit FX your 5ema / 12ema cross on the 1hour ( I'm using 10ema / 24ema on the 30min ) looks great it's caught some really good moves.

Plotting it, with EMA's + a MACD as it's easier to see, using as a market direction it back tests so well, so pull backs with a MACD Positive should be bought, Move ups treated with more respect if not joined in on, rather than waiting for a reversal as likely stronger.


Thanks, might just make the difference

Random Cross Sample. ( honest scrolled back and went for it )

13/11/06 ( numbers worked out vague, prices real after cross get able prices )

short 9120 + 70
Long 9047 -40
short 9011 +110
Long 8900 -25
short 8875 -20
long 8895 +20
short 8875 +20
long 8885 +600
( DAYS pass here, without trend reversal )
Short 9495 29/11/06

Total profit of 735 pips.

Okay need to keep testing longer, but thats enough for me for a go with the long term trend filter.

Will write a EA and test tommorow to
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #197
  • Edited 11:36pm Jan 28, 2008 1:49am | Edited 11:36pm
so, if tro's red/sell green/buy candles are losers, just sell on green and buy on red. who says forex is not simple?

as for myself, i have found that the laguerre is best (with a MACD confirmation) and the usual 21, 60, 200. plus pivots, of course. no need for any other indicators; the lag replaces the rsi, macd replaces the stoch. BB and fibs might well be added.


really, it is all just trading with the trend, aka buy low and sell high, right? simple.

heck, you don't even need much discipline if you trade with the trend.
realize the universe is one thing, and attach it to your body
  • #198
  • Jan 28, 2008 7:15am Jan 28, 2008 7:15am
The below is one of the worst posts I've seen on FF. "Just buy low, sell high, right?" Oh sure, forex trading is the easiest thing in the world.

Quoting buddhi
so, if tro's red/sell green/buy candles are losers, just sell on green and buy on red. who says forex is not simple?

as for myself, i have found that the laguerre is best (with a MACD confirmation) and the usual 21, 60, 200. plus pivots, of course. no need for any other indicators; the lag replaces the rsi.


really, it is all just trading with the trend, aka buy low and sell high, right? simple.

heck, you don't even need discipline if you trade with the trend.
  • #199
  • Jan 28, 2008 7:32am Jan 28, 2008 7:32am
Quoting Dreamliner
The below is one of the worst posts I've seen on FF. "Just buy low, sell high, right?" Oh sure, forex trading is the easiest thing in the world.

dood when you have macd and laguerre with pivots what the hell can go wrong?
  • #200
  • Jan 28, 2008 7:37am Jan 28, 2008 7:37am
'Zactly! With macd laguerre and pivots, you ALWAYS buy low and sell high, never get stopped out, and always hit your profit targets. See how ridiculously simple this forex trading stuff is?

Quoting bobblong
dood when you have macd and laguerre with pivots what the hell can go wrong?
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