Why Indicators will fail you | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why do indicators not work/work? Why is Forex not truly random? 129 replies

If most indicators are made to fail.. 4 replies

Why Indicators will help you 43 replies

Why You May Fail Going From Demo to Real 4 replies

Why technical indicators and MTS fail... 14 replies

Attachments: Why Indicators will fail you
Exit Attachments

Why Indicators will fail you

  • #141
  • Edited 10:41pm Sep 20, 2008 5:54pm | Edited 10:41pm
I guess the real question would be were do you find the little black broker rule book?? I goggled it I couldn't find it LOL !!!!!! Oh wait try starting a White Label Company and after all the marketing crap the ugly face of how this market works will show it self.
It's me...
  • #142
  • Sep 21, 2008 6:27am Sep 21, 2008 6:27am
Quoting steelhead
Just be careful man I know Phil Nell just be careful. Professionals also look at mac d on all time frames they dictate the market not Phil Nell or mac d
SteelHead,

why do you say that about Phillip Nell?

are you referring to him or using the method? Please explain what you ment by that reply? I have also Pmed on this.
  • #143
  • Sep 21, 2008 2:55pm Sep 21, 2008 2:55pm
Time to roll this week. Good luck to all of you. This week should be great
  • #144
  • Sep 21, 2008 2:56pm Sep 21, 2008 2:56pm
A nice bullish week for xxx-usd !! Let's go longgggggggggggggggg
  • #145
  • Sep 21, 2008 3:00pm Sep 21, 2008 3:00pm
Quoting tunera
A nice bullish week for xxx-usd !! Let's go longgggggggggggggggg

bro not the time to go long on g/u or e/u. if you do careful of retrace. Im looking to short back into a buy zone. Not going to buy after its gone up oer 300 pips makes no sense.
  • #146
  • Sep 21, 2008 3:04pm Sep 21, 2008 3:04pm
the number of people that can say what have and what have no sense in the market, is really little.

Anyway, i would say that 200-300 pips are still to do (in upmoves), so why not to take some profit from these moves? sure still downtrend, but doing a nice retrace
  • #147
  • Sep 21, 2008 3:07pm Sep 21, 2008 3:07pm
Quoting tunera
the number of people that can say what have and what have no sense in the market, is really little.

Anyway, i would say that 200-300 pips are still to do (in upmoves), so why not to take some profit from these moves? sure still downtrend, but doing a nice retrace

I think there more than that possible to the upside. I look for a move down first though. I could be wrong but I wont go long here.
  • #148
  • Sep 21, 2008 3:10pm Sep 21, 2008 3:10pm
ahahha yeah of course i can be wrong too, damn it's soo hard to forecast what market will do..

Mine was not made to be intended as a forecast, it can be totally wrong of course. Anyway, wish you all a nice trading week!
  • #149
  • Sep 21, 2008 6:07pm Sep 21, 2008 6:07pm
Anyone have any suggestions on what indicator we should address this week, and why it won't consistantly work for you?

Im thinking sma's trend lines, mac d stoch any of those we could address
  • #150
  • Sep 21, 2008 6:26pm Sep 21, 2008 6:26pm
what do you think about the ATR? I'm thinking the market will be driven by the bogus bailout proposal and central bank intervention(s) that's coming up, along with investor greed/fear (sentiment), risk tolerance and the stock market, and last but definitely not least will be all the talking heads. all in all there should be more of the volatility and liquidity issues
  • #151
  • Sep 21, 2008 7:25pm Sep 21, 2008 7:25pm
Quoting sarchin
what do you think about the ATR? I'm thinking the market will be driven by the bogus bailout proposal and central bank intervention(s) that's coming up, along with investor greed/fear (sentiment), risk tolerance and the stock market, and last but definitely not least will be all the talking heads. all in all there should be more of the volatility and liquidity issues

Im hoping for some sells on e/u and g/u back into a buy area. Long term I want to be holding more longs.

I think we will discuss mac d this week and when it can work for trades, but mostly why it won't be a consistant winner for you
  • #152
  • Sep 21, 2008 7:46pm Sep 21, 2008 7:46pm
I'm thinking of selling the e/u and g/u also but I am waiting until monday morning to see how the market interpets the bailout news from the weekend, and maybe get a retracement before going long if the USD tanks.

I don't know anything about mac d but I will be reading along to see what you and others have to say about it
  • #153
  • Sep 21, 2008 8:51pm Sep 21, 2008 8:51pm
Quoting steelhead
Time to roll this week. Good luck to all of you. This week should be great
SteelHead you come out with this big statement on Phillip Nell. Now you ignore me. why can you make the coment and not back it up when I ask you.

Why should I be careful of Phillip nell. Why wont you awnser this question???

Strange mate.........
  • #154
  • Sep 21, 2008 8:51pm Sep 21, 2008 8:51pm
Quoting steelhead
Anyone have any suggestions on what indicator we should address this week, and why it won't consistantly work for you?

Im thinking sma's trend lines, mac d stoch any of those we could address
And what is your defitintion of consistantly?

With the right money and trade management using an indicator that is consistant less than 50% of the time or less can still be profitable.
  • #155
  • Sep 21, 2008 8:53pm Sep 21, 2008 8:53pm
Quoting steelhead
Just be careful man I know Phil Nell just be careful. Professionals also look at mac d on all time frames they dictate the market not Phil Nell or mac d
SteelHead you come out with this big statement on Phillip Nell. Now you ignore me. why can you make the coment and not back it up when I ask you.

Why should I be careful of Phillip nell. Why wont you awnser this question???

Strange mate.........
  • #156
  • Sep 21, 2008 9:17pm Sep 21, 2008 9:17pm
Quoting >Apocalypto<
SteelHead you come out with this big statement on Phillip Nell. Now you ignore me. why can you make the coment and not back it up when I ask you.

Why should I be careful of Phillip nell. Why wont you awnser this question???

Strange mate.........
Sorry man just forgot. To me he is a hussler that about sums up my feeling. more details can be had
  • #157
  • Sep 21, 2008 9:25pm Sep 21, 2008 9:25pm
Quoting steelhead
Sorry man just forgot. To me he is a hussler that about sums up my feeling. more details can be had
Thanks man I thought that would get your attention!!!!!

Ok you mind if I talk on PM with you?
  • #158
  • Sep 22, 2008 9:12am Sep 22, 2008 9:12am
steelhead, I'm fully with you. Stops are worthless. The entry is the less important thing, I always wonder about any system where the trader wants to predict precise entries but exits are not covered. The exit is where the money is made.

There is so much noise in the market, using stops of 10-20 pips will just kill any account...

What I do?
- multiple entries
- low leverage (1:1 or even lower)
- no stops(!)
- fundamental bias
- take your profit from the table if there is something to take

That's all. BTW: No stops doesn't mean that I let losers run forever...
  • #159
  • Sep 22, 2008 9:23am Sep 22, 2008 9:23am
Quoting SunTrader
And what is your defitintion of consistantly?

With the right money and trade management using an indicator that is consistant less than 50% of the time or less can still be profitable.

Suntrader it all lies in where you place your stops when using these indicators. Take mac d for example. how many time have you seen overbought or oversold on mac d one hour four hour and such. Only to have it continue in the direction it was and not reversing. Putting your stops 20-30 pips above overbought or oversold range makes you a huge target for stop hunting. They do stop hunt wether folks want to believe it or not.

If you can be right with inicators less than 50% of the time then why are there always the newest latest greatest ones?

Mac D can be useful when applying it as a third or fourth confirmation of a trade, but not as your main reason for entering the trade.
  • #160
  • Sep 22, 2008 9:29am Sep 22, 2008 9:29am
s-h,

If your whole premise is it is not possible to trade successfully with an indicator alone to obtain entries and exits - I agree completely. If you are saying an indicator (whichever well known one you want to pick) with proper money management can not get it done - I do not.

sun
1 trader viewing now