Great post man !
It's explained in a soo simple way, but it say basically the truth about how to trade.
It's explained in a soo simple way, but it say basically the truth about how to trade.
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
DislikedI think you are the newbie here. Where did you learn about candlesticks from? No wick and red candlesticks are bearish symbols, not bullish. Besides the first long red candlestick in the upper left corner of your chart doesn't have a wick. If you had underlined that too and included in your trade example, you would have an overall loss, not gain. How long have you been trading candlesticks using your system? How profitable has it been for you? Again, as I stated before, candlesticks are indicators!Ignored
DislikedAn indicator is just that. Most of them lag behind price action because they need the data from closed time periods to produce the "math" result. They cannot predict the future any more than you or I can. But indicators allow us to do something more valuable.
By using indicators and oscillators, we are able to "reorganize" the price information into readilly recognizable patterns. Take a moving average for instance. Look back, as far as you like, and see how many times the price continued up after closing above a given moving average. From...Ignored
Disliked"Why indicators will fail you"
I totally agree - indicators use historic data, they can never predict with any like hood where price movement will go. It's just a gamble. Fundamentals are ruling the markets at the moment... Follow them.Ignored
DislikedREALLY, Name one fundamental guy that predicted the EUR/USD would fall from 160 to below 130 .................................. especially when fundamentals call for a currency to devalue when the interest rate goes down ................. hMMMMMMMMMMMMMMMMMMMMMMMIgnored
DislikedActually in academics the its the opposite, when interest rate goes down that means economy slows down and CB reacted to that (in MP) to stimulate the economy and currency should appreciate.Ignored
DislikedIndicators are perfect... as they are simply math.
However, they are called indicators instead of predictors for a reason...
As for fighting over Fundamentals vs Technicals... don't waste your time. Major news events adjust the viewpoints of traders -- which trumps more and more technical analysis as you go down into the shorter time frames.Ignored
Disliked.....all the fundamental traders who shorted E/U in june/july. the real question is how many technical traders predicted it. this summer, i remember checking the dailyfx guy who predicted the e/u going back past 1.60 based on technicals only. fundamentals move price. they naturally find the right price. TA only follows follows the fundamentals--after the fact. and follows using historical derivatives of derivatives.Ignored
DislikedReally hmmmmmmmmmm USA lowers interest rates and price drops like a rock from 160 to under 130. Then USA lowers interest rates again and ........... Oh yeah price shoots up like a star. Good prediction ................ love them fundamentals.
Lets get our heads out of the clouds, the reason people dont use fundamentals is it dont go the way it is suppose to go. Where is there a thread in FF where a fundamental trader has a large following because he says, 'Sell and everyone has been following him sells because he has read the fundamentals and...Ignored