What is the best Forex Predictor???

Does anyone know a really good and accurate forex predictor that is profitable at all times?

Forexmaster,

I believe there is no such accurate forex market predictor. If there was such, then every one here would be rich....

but there are couple of system which can give you info on where the markets are going but it leaves a lot to user descretion.

I think the best thing is to pick up one such system ( like SIDUS,BAGOVINO E.T.C ) and tweak it to suit your own trading style....

Anyway, just in case if you find such system, then please do let me know....

Thanks.

Price Action!!! There is not a indicator that is accurate all of the time. Most are lagging indicators and although some helpful, not PREDICTORS. My recommendation is to study price action and as zamiriqbal said, find a method that fits your trading syle. Tweak it until it is yours and profitable for you.

price action, fundamentals, patterns.

Price is the indicator.

Check out SRDC-I+ and SRDC-2

Don't even waste your time to find such a thing. Get real my friend.

I am just amazed how often these type of questions surface here.

Human Brain

Price Action (Trend technic) and COT Data work well for me...

Well post under 50 most of the time!!!

Profitable at all times? That was the question.

Yes. Always.

COT data are extremely delayed, plus you can't know who is correct about the market at many time unless we are in a clear defined trend, up or down...Commercials are the guys who know the business of the commodity very well more than anyone else...Since they are considered the best people to know the underlying fundamentals of the commodity, they are considerd to be the smartest out there...Yet, they are just hedging their exposure so they are actually trading against the market...This also depends on their type of business, are they buyers or consumers of the commodity or producers, as they take opposite positions with either a net long or net short position...

On the other hand, large speculators are considered deep pockets having lots of money able to move the market on the micro level...They are usually right on the medium term direction of the market, yet they sometimes go wrong just as anyone else...

Small speculators don't count because they simply follow the crowd at the end of the party & trade against the trend as soon as the party begins...

That's why I see that COT are also a lagging indicator...COT already tells you what others are holding, they don't tell what are the intentions of those people to do in the next session are...For example if a COT report showed that commercials are net short silver, large & small speculators are net long silver, first of all you know this tip 4 days after the fact, second you don't know what the intentions of those holding long positions are, are they going to continue buying or are they going to take profits...The future is simply the future, unknown, we only trade the present...


Thanks,

Nader

Orderflow, according to professor Lyons.

Me. Every closed trade's a winner. And doubled the account balance in less than three weeks. But I know you're only joking. And I'm in the toilet at the moment - but what I just wrote is true.

they are all as good and as bad as each other. It is how you use them that makes them work

God

Basicly I agree, but what about an extrapulation?
You have a stream of data, you can find an equation that depicts it and extrapulate the data.
I know, sounds easier then really is, our data is a-linear & a-symmetrical (actually, I'm preety sure you can catalog this data stream as a chaotic dynamical system - search wiki for the details) so we will be using polynomial equations of an advanced order (don't worry, we can't make it beyond the fifth order, there is no general formula for those polynomials) for our polynomial interpolation.
Actually, this kind of data looks very much like statistical self-similar fractal.
The knowledge is present, the know-how is too. But we will need to have a mathematician for that (and that kind of mathematics is out of my league), and link him up with one of the MT4 programers.
This will be the only possible, as long as I can think of one, "leading" indicator, even though it will not be leading the price, just predicting it...

The forex market is quite predictable actually. After doing some thinking, i've come to the conclusion that forex is more determined by psychology then supply and demand rules.

I think reading Trading in the zone and nison's candlestick books gave me an insight that forex or any other financial markets is really just made up of traders who think and feel like any of us. They are greedy, fearful, and sometimes outright crazy and these behaviours are evident if you take a chart devoid of any other indicators except price.

So I would say financial markets is anything but random. Human psychology is very predictable MOST of the times. For example if you go around and just smile at a stranger, you'll get either a smile back or a surprised reaction. But can you rule out that the person would gang up on you cause you smiled at them, no, but the chances of that happening is low. These unusual behaviors do happen from time to time and it's what we call noise. But overall the market does follow a rhythm that most of us can pick up using either price action or indicators.

So what's the best prediction of market? I would say the ability to read the price action. Indicators work fine, but since they are a derivative of price action, it's accurate after the fact.

I have one, but I'm not stupid enough to share it. Did you really expect to be handed one?