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the naked eye indicator

  • #1
  • First Post: Aug 30, 2014 2:35am Aug 30, 2014 2:35am
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1 -- is this an uptrend or downtrend? please use your eyes and dont use the supertrend indicatior
2--- what is the last candle look like ? compare to the last 5 or six candle
3--- do u look to buy or sell on the next daily bar? use your eyes please and dont use macd

the answer is ................. so simple---- why need the indicators for these question



MY answer is sell on the next daily candle bar, the stoploss is above the last candle,the momentum is about over 25% of the last bar

the reason ea and indicator dont work because it used the past to predict the future. There are a lot of variable things that it cant put into the formular : like the the rusian conflict, beside computer cant calculate human emotion; the up and down of the trend is the sum of all the trader in the world and no one can get those information except the charte that you re looking at.

best regard to everyone
  • #2
  • Aug 30, 2014 10:58am Aug 30, 2014 10:58am
Quoting kabukyboy
{image} 1 -- is this an uptrend or downtrend? please use your eyes and dont use the supertrend indicatior 2--- what is the last candle look like ? compare to the last 5 or six candle 3--- do u look to buy or sell on the next daily bar? use your eyes please and dont use macd the answer is ................. so simple---- why need the indicators for these question MY answer is sell on the next daily candle bar, the stoploss is above the last candle,the momentum is about over 25% of the last bar the reason ea and indicator...

Hi kabukyboy, I have myopia but I'll try :nerd:

1- down
2- red and bigger then the last five
3- neither buy or sell (I hate breakouts)

My answer is wait for the correction, if it occurs.

Trade well
  • #3
  • Aug 30, 2014 11:58am Aug 30, 2014 11:58am
My humble answer here: i will ignore trading this on Monday and maybe Tuesday (Even I very tempted ) Let the big boys settle down. I don't care if i late for some party here.

New Month is starting - no rush to trade. Will be lot of opportunities. A lot of happens in one Monthly Candle.


Good Luck !
  • #4
  • Aug 30, 2014 12:16pm Aug 30, 2014 12:16pm
Quoting bodypip
3- neither buy or sell (I hate breakouts) My answer is wait for the correction, if it occurs. Trade well
+1. Smells like a bear trap.
No greed. No fear. Just maths.
  • #5
  • Aug 31, 2014 2:05am Aug 31, 2014 2:05am
The Naked Eye Indicator says: If you can clearly see the trend... it's too late.

Best SELL entry was on left side of screen, above 3rd (green) candle.
  • #6
  • Aug 31, 2014 4:12am Aug 31, 2014 4:12am
Quoting Mingary
The Naked Eye Indicator says: If you can clearly see the trend... it's too late. Best SELL entry was on left side of screen, above 3rd (green) candle.
... but, the fellow trader kabukyboy, heīs referring to the last candle (the present) not the past.
In the past, we are all gurus because we already know what happened in the (presente) future

Trade well
  • #7
  • Aug 31, 2014 4:15am Aug 31, 2014 4:15am
Quoting bodypip
{quote} ... but, the fellow trader kabukyboy, heīs referring to the last candle (the present) not the past. In the past, we are all gurus because we already know what happened in the (presente) future Trade well
Hindsight Indicator is my prefered one too! It lags a little bit sure but it is always right and doesn't repaint. I use the standard settings.
No greed. No fear. Just maths.
  • #8
  • Aug 31, 2014 4:25am Aug 31, 2014 4:25am
Quoting PipMeUp
{quote} Hindsight Indicator is my prefered one too! It lags a little bit sure but it is always right and doesn't repaint. I use the standard settings.
LOL
Please, share template
  • #9
  • Edited 5:10am Aug 31, 2014 4:58am | Edited 5:10am
Quoting bodypip
{quote} ... but, the fellow trader kabukyboy, heīs referring to the last candle (the present) not the past. In the past, we are all gurus because we already know what happened in the (presente) future Trade well
Oops, looks like I have been doing it wrong (:
What I meant is that past price action or future (anticipated) price action is irrelevant;
Can't rely on the left side of the chart (history) and the right side in unknown (speculation).
Trading must be done in the present.
Therefore the example showing a downtrend is meaningless and misleading.
The best use of the "naked eye indicator" is to use it to see what is NOT there.

Believe me, I see things that are not there all the time (so the doctors tell me, but what do they know...)
  • #10
  • Aug 31, 2014 5:36am Aug 31, 2014 5:36am
There is nice downward movement there so if I were going to enter I would sell and it did move sideways for a couple of candles before continuing down so doesn't really look as though it had enough pressure to pullback so the stop above the last candle may be sufficient but I would probably be inclined to let it pull back a little before entering for what it is worth.
Trade well everyone, I wish you all green pips
  • #11
  • Aug 31, 2014 5:57am Aug 31, 2014 5:57am
Quoting Mingary
{quote} Oops, looks like I have been doing it wrong (: What I meant is that past price action or future (anticipated) price action is irrelevant; Can't rely on the left side of the chart (history) and the right side in unknown (speculation). Trading must be done in the present. Therefore the example showing a downtrend is meaningless and misleading. The best use of the "naked eye indicator" is to use it to see what is NOT there. Believe me, I see things that are not there all the time (so the doctors tell me, but what...
I am increasingly "blind" ... I only see after the fact happen ... but I believe you
A busy week is coming ... interest rates and nfp.

  • #12
  • Aug 31, 2014 9:31am Aug 31, 2014 9:31am
Quoting Mingary
The Naked Eye Indicator says: If you can clearly see the trend... it's too late. Best SELL entry was on left side of screen, above 3rd (green) candle.
nah.. it came within the red candle.. (retr.)

btw get rid of teh MAs..
  • #13
  • Aug 31, 2014 9:41am Aug 31, 2014 9:41am
Quoting kabukyboy
{image} 1 -- is this an uptrend or downtrend? please use your eyes and dont use the supertrend indicatior 2--- what is the last candle look like ? compare to the last 5 or six candle 3--- do u look to buy or sell on the next daily bar? use your eyes please and dont use macd the answer is ................. so simple---- why need the indicators for these question MY answer is sell on the next daily candle bar, the stoploss is above the last candle,the momentum is about over 25% of the last bar the reason ea and indicator dont work because it used...

Keep trading short until the market wants to go long.

Buy when prices are moving up. Buy each retrace/dip. Keep buying until the last retrace becomes a trend change which is the one trade you lose on.

Sell when prices are moving down. Sell each retrace/rally. Keep selling until the last retrace becomes a trend change which is the second trade you lose on.
  • #14
  • Edited 10:16am Aug 31, 2014 10:05am | Edited 10:16am
Quoting stevepatt
{quote} Keep trading short until the market wants to go long. Buy when prices are moving up. Buy each retrace/dip. Keep buying until the last retrace becomes a trend change which is the one trade you lose on. Sell when prices are moving down. Sell each retrace/rally. Keep selling until the last retrace becomes a trend change which is the second trade you lose on.
I'm mostly with Stevepatt here I'll sell all the way to the bottom however far its come.
The Bears have already squashed the pinbar and green candle
Keep moving stop down about 1.5 * daily range until the market tells me it's turned by taking me out.
Will not buy on the first retrace but sell again if it breaks the low.
Wont buy until its above about 5* daily range
John
Lets go grab some PIPS
  • #15
  • Last Post: Aug 31, 2014 2:03pm Aug 31, 2014 2:03pm
Yeah thats the Euro Daily isn't it it is a heavy down trend for sure,
the market has been declining for some time now, so I am suspecting a reversal will come soon,
after that long spike down I am more inclined to buy then sell,
maybe it would be just a retracement cus we haven't seen one for a while,
maybe it will reverse compleatly who knows?
but then again, they say, trade what you see and I see only down at the moment
I am already short but ofcourse I would like it to go down more.
Bulls are stupid Animals!especially when Im short!
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