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Reliable Technical Indicator...???

Quoting Umairs2004
Whts So funny in it...???
Relax tough guy im just kidding around.
How you act is more important than how you feel.
CyroxMMA, CyroxTrend and CyroxOsc...It can't get more reliable then that...
what reliable is the human brain. above is and we have god.

take the best system and best indicator, eventually they will fail. forex is not purely about system or indicators. The market is constantly changing. No system or indicator can adapt to it. I can tell you someone is making huge profit in the forex market. he has no system but a very good money management method. it shows that you can make profit if you manage your position properly.

to me indicators are like candle in total darkness. yes u can see but very limited. those who depend on indicators can make profit but it is limited. you will see that most system that are indicators dependent take profit from 20 - 100 pips but traders not using them taking profit from 500 to over a thousand pips.

Investment is boring, it takes a very long time to gain something. if you are looking for fast cash, go join mlm or something.
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Yea Human Brain is the Most reliable Thing ... According to me 20% Of your Sytem and 80% Of Human Brain combine to make a 100% Pure Profitable Sytem...
But here we have to admit that different successfull traders have a different style of trading... Which might be based on Indicator's or others Things like Trendline's, Fib's , S/R Level's , PP , Candlestick pattren's or even New's Trading...
I saw lot of my forex friend's successfull with just candlestick pattren... Without even a single indicator...Also I saw some successfull trader's trading with indicators like MA,s , Ssto, Macd & Other's...
We have some successfull and famous systems based on single indicators like 4-Hour Macd Sytem & Ozfx Sytem... As creator of both systems are successfull with just a single indicator on chart... So we can not neglect the indicator's importance also That's Why I Asked about reliable indicator's...Though Im not only trading through Indicators as im trading through trendlines , Fib's, PP, S/R Level's but i also use some commen indicatos on my chart's...
But the thing is this that the successfull human brain is behind his success and different styles of trading are his tools behind his success... Now it depend's on him that which tool to success he adopts...
Might be Technical's or fundament's......
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
Quoting Umairs2004
Agreed... But I Think Signals from combination of different indicators are of very good Impact and Reliable........

using different indicators... is like using different timeframes... because many times they have different parameters...
for example.. you may have.. a momentum 10, a stochastics 14, and a moving average 100... it's all different periods and it reflects like different timeframes... it may become difficult to have a combination of all of them with a good signal... My experience is that is better to only use 1 indicator and read it in different timeframes.
Quoting emda
using different indicators... is like using different timeframes... because many times they have different parameters...
for example.. you may have.. a momentum 10, a stochastics 14, and a moving average 100... it's all different periods and it reflects like different timeframes... it may become difficult to have a combination of all of them with a good signal... My experience is that is better to only use 1 indicator and read it in different timeframes.
You might be right but visit the thread...
''Simple method of scalping by Imran Saith''
Entry is based on the combination of 4/5 Indicators and also his scalping system is very successfull and famous......
Quoting emda
Better to only use 1 indicator and read it in different timeframes.
Agreed with your this point ...I also Use SSTO in 30-Minutes and 4-Hour chart...As my entry is based on 30-Minutes chart considering 4-Hour chart with just ssto and trendlines......
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
yes... Imran method can be good... but I like to keep it simple.

Imran may have found with hard work.. and a lot of system adjustments to find a good system that works now... but market will change its behaviour (because it always does) and then he will have to readjust the parameters of the indicators to have the same success ratio. and have a 1.3 version and then a 1.4 version a so... That is easier to do with only 1 indicator.

Do you know the concept of the lucky of the newbie? That's because it uses a simple method... as soon as it starts learning other things... and mixing concepts... starts to lose because starts to make it complex.
i would like to throw one of the biggest missconcept question

why would an indicator works in trading?

the probable answer...

1. since based on historical chart they seem to signal entry before the price move to certain direction....

in other word, the indicator predicts the market direction

do you really think this is a logical statement? and would you risk your hard-earned money on such belief? how about "repainting" indicators like fractals, QQE, accelerator/decelarator

2. it is a self fulfilling prophecy

since thousands of traders use similar indi, they will react the same

how many new indicators are being made every day? compare an indicator on a pair with different broker's feed, try odl and fxdd for example. do they give the same signals?

think about this,

can you predict whether tomorrow is going to rain or not with high accuracy?

if you can't why risk your money on something that even harder to predict?

but hey, we all still does it anyway, we are still here learning to understand the forex movement

now, let's say you live in town A which is on a raining season, you are on day 1 of the month, and our task is to predict tomorrow's weather for a full month

what is the chance that we will make a correct prediction by predicting that tomorrow is going to rain (trend follower)? and how's that compare to those who predict that tomorrow's going to be a sunny day (scalpers)?

and now in order to predict the weather with more accuracy would it be better to predict just based on our town's today's weather for e.g, if today's raining then tomorrow is going to rain, vice versa, if today's sunny then tomorrow is sunny and so on

RAIN - RAIN - RAIN - RAIN = Trending market
SUNNY - SUNNY - SUNNY - SUNNY = Trending market
RAIN - RAIN - RAIN - SUNNY - SUNNY - SUNNY = Reversal
RAIN - SUNNY - RAIN - SUNNY = Ranging market

OR perhaps we could collect from neighbooring town's today's weather to predict what will happen tomorrow

let say we have town A, B, C, D, E in 50 km radius

if town A,B,C,D,E = RAIN what is the probability of town A is going to rain tomorrow?

what if we have mixed weathers on a day?

would that improve our predicition? or not?
  • Post #30
  • Quote
  • Edited Apr 1, 2008 4:06am Mar 31, 2008 11:08am | Edited Apr 1, 2008 4:06am
Quoting emda
yes... Imran method can be good... but I like to keep it simple.

Imran may have found with hard work.. and a lot of system adjustments to find a good system that works now... but market will change its behaviour (because it always does) and then he will have to readjust the parameters of the indicators to have the same success ratio. and have a 1.3 version and then a 1.4 version a so... That is easier to do with only 1 indicator.

Do you know the concept of the lucky of the newbie? That's because it uses a simple method... as soon as it starts learning other things... and mixing concepts... starts to lose because starts to make it complex.
Well Here im not agree with your concept... I think Imran's Scalping methos is the best Ever and successfull ever i have seen in this form. He uses lot of indicators and his entry is based on the combination of different indicator's and success ratio is also excellent i think it's the favourate method of scalper's...
Also You say's Newbie's need simpicity in their system but you are forgetting that simplicity also need's perfection... Simplicity will be useless without +ve Outcomes...Anyway's i think it's a vauge discussion...Not related with the topic......
Technical Indicator can be reliable for short time but it isn't relitable for higher tf ;] best indicator is human brain
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MOST IMPORTANT INDICATOR

1. YOU
2. Any indicator that deals with price action(Moving averages, fibs, gann, level stop reverse,candles, trend lines.etc...)
3. You
4. indicators off price (QQE, Stoch. MACD,etc..)
5.You

Riddle you beat me to it
errrrrr MACD?

whatever people use, the most important things is the "understanding".

Technical Understanding

if we use indicator, we have to understand how it reflect with the market & what information/clue it give to us.

if we use price action, we also have to understand what the information/clue it give to us.

Money Management & Position Sizing understanding

beside technical, this will help us to stay for a long period in the market. We need to understand how to control/manage our money.

trading is about package....technicals...fundementals...money management...phsycology etc.

thnx
Quoting FlashCall
CyroxMMA, CyroxTrend and CyroxOsc...It can't get more reliable then that...
Care to post pictures as to what those look like? I have one called Cyrox-Rainbow but have no clue on how to really use it since I never saw Linuxtroll actually explain it fully...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 1200 blue sma.gif Size: 76 KB
The problem is all indicators lag, so when you apply these to your charts, you're trading the past! Essentialy playing catch up.
I had fairly good success using the QQE filtered with laguerre rsi. I need help finding an alert that signals when the rsi crosses its set boundaries.
Thanks.
Quoting Aad
Care to post pictures as to what those look like? I have one called Cyrox-Rainbow but have no clue on how to really use it since I never saw Linuxtroll actually explain it fully...
Well, Trollmann had his own thread here on FF with many explanations (still her, but locked because he decided to create his own forum just for scalpers -helping scalpers).

Also he had written an e-book with explanations to his method.
Quoting FlashCall
Well, Trollmann had his own thread here on FF with many explanations (still her, but locked because he decided to create his own forum just for scalpers -helping scalpers).

Also he had written an e-book with explanations to his method.
I never found a pdf but found a word document but still it all seems a bit vague to me. The same with his thread which seems mostly left up to individual interpretation.

Anyways by watching the rainbow my interpretation is that its signal is when the price action passes the bold white line up/down using the 1/5min chart, or maybe when rainbow flattens out and then makes its move (I might be way off though)...

http://www.forexfactory.com/showthread.php?t=52515
  • Post #40
  • Quote
  • Last Post: Apr 3, 2008 6:27pm Apr 3, 2008 6:27pm
Quoting Aad
I never found a pdf but found a word document but still it all seems a bit vague to me. The same with his thread which seems mostly left up to individual interpretation.

Anyways by watching the rainbow my interpretation is that its signal is when the price action passes the bold white line up/down using the 1/5min chart, or maybe when rainbow flattens out and then makes its move (I might be way off though)...

http://www.forexfactory.com/showthread.php?t=52515

The PDF is on the site, explaining the method...but anyway...the word doc. is indeed of a member.

We use it on 1 sec. chart...I alone have written so many rules and manners to trade it...but your interpretation is also good...
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