One indicator on a deserted island | Forex Factory

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One indicator on a deserted island

  • #1
  • First Post: Jul 4, 2008 3:50pm Jul 4, 2008 3:50pm
Hi,

You are being deported to a deserted island and told that if you double a Forex account you will be picked up and can go home, but if you loose the account you'll stay there forever. Oh, and you are only allowed to use one (1) indicator. Which indicator would that be, and why that particular one?

Don't ask me how come they have Internet and power for a trading station on this deserted island because I do not have the answer to that
//C
  • #2
  • Jul 4, 2008 4:49pm Jul 4, 2008 4:49pm
Stoch..anytime buddy!!!


sonic
  • #3
  • Jul 4, 2008 4:53pm Jul 4, 2008 4:53pm
Price. Because that's all you need.
Indicators show the past. Price Action "Indicates" the future.
  • #4
  • Jul 5, 2008 5:16am Jul 5, 2008 5:16am
I'd use the account money and connection to order booze and pizza and watch the sunsets...

Kidding, MACD probably...
On the path to Enrichment.
  • #5
  • Jul 5, 2008 5:28am Jul 5, 2008 5:28am
Quoting cdysthe
Hi,

You are being deported to a deserted island and told that if you double a Forex account you will be picked up and can go home, but if you loose the account you'll stay there forever. Oh, and you are only allowed to use one (1) indicator. Which indicator would that be, and why that particular one?

Don't ask me how come they have Internet and power for a trading station on this deserted island because I do not have the answer to that
With power and internet I'd just "google" for "The Worlds Greatest Boat Builder"



Bollinger Bands
Polishing my crystal ball
  • #6
  • Jul 5, 2008 7:47am Jul 5, 2008 7:47am
Trendlines
  • #7
  • Jul 5, 2008 8:09am Jul 5, 2008 8:09am
Professional Traders don't need any of that Double Smoothed Exponential Bullshit Indicators.
  • #8
  • Jul 5, 2008 8:54am Jul 5, 2008 8:54am
Attached Image (click to enlarge)
Click to Enlarge Name: !!!!_uj02.gif Size: 17 KB


I don't know if you can call it an indicator but I just would go long if the candle was green at a line and go short if the candle was red at a line.
RIPPIN' THEIR PIPS BEFORE THEY RIP MINE
  • #9
  • Jul 5, 2008 9:03am Jul 5, 2008 9:03am
Price Forecast Indicator.
  • #10
  • Jul 5, 2008 9:15am Jul 5, 2008 9:15am
Quoting PipRipper
Attachment

I don't know if you can call it an indicator but I just would go long if the candle was green at a line and go short if the candle was red at a line.
You know, that's close to how I have been trading manually on daily charts. However, I use the previous day's candle. The screen shot shows a short trade. Very reliable if you're liberal with you sl. Easy to be stopped out otherwise.

And I would agree with you: One of the best indicators there is are previous days candles, for me especially the actual previous days one.
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//C
  • #11
  • Last Post: Edited 10:19am Jul 5, 2008 9:29am | Edited 10:19am
Quoting Tjpld
Professional Traders don't need any of that Double Smoothed Exponential Bullshit Indicators.
I know professional traders who do, and I know some that don't. And I would take smoothed over double smoothed any day! I mean, how much smoothness can you stand?
//C
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