What do you think about this? | Forex Factory

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What do you think about this?

  • #1
  • First Post: Edited Apr 17, 2013 2:50pm Oct 15, 2012 7:12am | Edited Apr 17, 2013 2:50pm
nothing
  • #2
  • Oct 15, 2012 10:29am Oct 15, 2012 10:29am
I think you are right. This is part of the reason why I won't post any of my strategies in the Trading Systems forum. If a rookie were to trade them mechanically, they might break even. If they traded them like a rookie, they would definitely lose. I know because I've been there. These learners need their hand holding and I don't have the time for that.

Most indicators work and they work well outside ranging markets or trading away from support and resistance levels, so to say indicators don't work is wrong. However, there is no substitute for screen time and most succesful traders just use their eyes and instincts and find it difficult to teach these instincts, even if they think they can.
Gone to a better place
  • #3
  • Oct 15, 2012 4:58pm Oct 15, 2012 4:58pm
Quoting trashPIP
I was thinking about indicators,they almost never work by themselves,the most important point is that they provide us with a point of reference, it's not necessary to know WHY things happen but WHEN things happen.
That's the whole idea behind trading from a chart/TA.
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  • #4
  • Oct 16, 2012 6:25am Oct 16, 2012 6:25am
Quoting nasir.khan
That's the whole idea behind trading from a chart/TA.
.
Hello Nasir. Good point and good to see you posting here.
Gone to a better place
  • #5
  • Oct 16, 2012 8:16am Oct 16, 2012 8:16am
This is the difference between an analyst and a trader...
Bottomless wonders spring from simple rules, which are repeated without end
  • #6
  • Oct 16, 2012 10:28am Oct 16, 2012 10:28am
Quoting trashPIP
I was thinking about indicators,they almost never work by themselves,the most important point is that they provide us with a point of reference, it's not necessary to know WHY things happen but WHEN things happen.(it has to be related to price somehow though.)
Well, yes Indicators do just that, they indicate unfortunately thanks to all the sales pitches, newbies often think that indicators will do all the work and make tons of $$$ in the process..
Rule of the dumb: Hard work always pays out.
  • #7
  • Oct 18, 2012 3:03am Oct 18, 2012 3:03am
Quoting smikester
Hello Nasir. Good point and good to see you posting here.
Hey thanks mate.
.
  • #8
  • Oct 18, 2012 6:19am Oct 18, 2012 6:19am
There are some good technical indicators available for MT4 user but I have found many indicators very late to response and for this reason give wrong signal . But yes, we have to discover how can we make the best use of the indicators.
  • #9
  • Last Post: Oct 19, 2012 11:10am Oct 19, 2012 11:10am
I would have to agree with the time lag part, the weird thing is that some of these so called indicators get touted as real time indicators..yeah, in past tense.
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