Full Time traders only : Timeframe Poll

Mparker, totally agree with your first lot.

But Indicators, I've done boat loads of statistical testing on ALL indicators the only 1's worth a poke are SMA's ( in all forms ) and Bollinger Bands ( nice to see the range, but make you into a tops and bottoms trader which = DEATH )

Most are just ridiculous, if you draw enough lines on the chart after the fact you'll see some relevance but thats it, live you've got ZERO chance, worst for this being Fib Levels who dreams this stuff up.

Although your right, for what they do work is purely the self forfilling prophecy ofcourse.

There is no way to Predict what the market is going to do, but you can see what it's currently doing and jump on it, attempting to do anything more complicated than that = DEATH plain and simple.

well, i dont know much about statistics but i do know a lot about indicators and if i can pick off an H4 trade, 8 hours before it even begins to move in the correct direction, I would think the indicators have some value.

While the price can wander around like a drunk for a while, if you pay attention you shall see it remains within its trend, and when it remains within its trend, it can be plotted as to where it will be going.

If i find the ones who disagree with me stick to gentlemanly manners of doing such, I shall remain here and teach newbs how to SEE the market for what it is, not a random movement swaying hither and yon, but a very well directed movement, altered by news but always returning to its original trend, until that trend is played out and a reversal sets in.

Forex travels can be SEEN by those with the experience and desire, with NO systems or methods, but simply a grasp of where its being directed towards (dont believe its being directed ?) and that point can be easily found, once you know how to find it BUT you aint gonna get there without a road map, and that road map is enclosed !

what you see is NOT a phenomenon, but a reasonably predictable and repeatable pattern that is not unique to forex, but still very very strong

enjoy and trade well

mp