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Your top 3 indicators

  • #141
  • Dec 27, 2016 2:00pm Dec 27, 2016 2:00pm
Top 3 indicators:

Moving Average, MACD and RSI.
Make your losses in demo. Earn your profits live.
  • #142
  • Dec 28, 2016 9:01am Dec 28, 2016 9:01am
Quoting ruma29
{quote} Thank you very much for reply. When i said perfectly organized I meant specifically that market makers use same logic to move the price regardless if it is move for hours of 0.01 to 0.8 pips or they move price in split second for 120 pips. the best is to trade when market advertise price and become inefficient...regarding list of many factor you mentioned i would just mentioned that I personally never lean on fundamentals because my interpretation of fundamentals is meaningless, as always interpretation and timing is on market makers.
Note that the market makers and institutions are different entities and have different aims.

The most generally the important fundamental aspect for currencies is inflationary expectations. This will determine the long term trends but will not help you with a specific trade or entries on low timeframes.
Boxing clever since 76.
  • #143
  • Dec 28, 2016 9:43am Dec 28, 2016 9:43am
Quoting copi88
All indicators except for volume, delta and market profile (all not really indicators anyway) will be lagging. If you trade using indicators you will forever be trading with the rest of the retail traders at retail prices instead of with the institutions at wholesale prices. Institutional traders do not use indicators except for certain moving averages......
Quote
I wouldnt say that markets are perfectly organised but they are definitely not random.........
Great info, many thanks, it helps to persuade me that after 10 years I'm finally making some progress.
  • #144
  • Dec 28, 2016 11:03am Dec 28, 2016 11:03am
Quoting hanover
{quote}{quote} Great info, many thanks, it helps to persuade me that after 10 years I'm finally making some progress.
Hi Hanover

I know you have been around here for a long time and have been a big help to many traders. I am like you, I have been here since 08 but only in the past 6 months have I made huge progress in terms of my understanding of the markets, trading , how to value currencies etc etc
PM me if you want to know more about the things I was talking about.
Boxing clever since 76.
  • #145
  • Dec 28, 2016 11:13am Dec 28, 2016 11:13am
Quoting copi88
{quote} Hi Hanover I know you have been around here for a long time and have been a big help to many traders. I am like you, I have been here since 08 but only in the past 6 months have I made huge progress in terms of my understanding of the markets, trading , how to value currencies etc etc PM me if you want to know more about the things I was talking about.
copi88 what is your strategy and where and what are your tools to identify positions? I am really interested in your posts in the forum. Thank you.
  • #146
  • Dec 28, 2016 1:10pm Dec 28, 2016 1:10pm
Quoting copi88
.. PM me if you want to know more about the things I was talking about.
Copi88, don't hesitate to say , we all listen
  • #147
  • Dec 28, 2016 3:40pm Dec 28, 2016 3:40pm
Quoting MoneyTalks58
{quote} copi88 what is your strategy and where and what are your tools to identify positions? I am really interested in your posts in the forum. Thank you.
Strategy is not important. The wrong question is being asked.

The question you should be asking is how do you value an instrument.

There are many thousands of strategies but they are all worthless if you are buying something that is overvalued.
Boxing clever since 76.
  • #148
  • Dec 28, 2016 4:10pm Dec 28, 2016 4:10pm
Quoting copi88
{quote} Strategy is not important ... There are many thousands of strategies but they are all worthless if you are buying something that is overvalued.
I disagree. Strategy is everything. Timing is everything, but nobody seems to have it at their pockets, so strategy comes next, after the all time champion: Timing.

You can buy high and that is not really a problem. All you need is a good EXIT Strategy.

I will give here a simple visual example. Will not explain in details. This involves hedging with a multiplier. Senior traders do not like such combinations. Good for them. Maybe they are not always right?

While the price was horizontal (there were two horizontal periods on the image), the buy net was at break even or at small profit.
Buy's TP is on the right. So, buying high is not really an issue, if you have an idea how to exit the buy, when the buy is not really the right direction...

Buy High??? I would say: Yes! Yes! Why not?
Attached Image (click to enlarge)
Click to Enlarge Name: Buy HIgh???.png Size: 92 KB
Maadik Hugiis. IQ 69.
  • #149
  • Dec 28, 2016 4:22pm Dec 28, 2016 4:22pm
Quoting MoneyZilla
{quote} I disagree. Strategy is everything. Timing is everything, but nobody seems to have it at their pockets, so strategy comes next, after the all time champion: Timing. You can buy high and that is not really a problem. All you need is a good EXIT Strategy. I will give here a simple visual example. Will not explain in details. This involves hedging with a multiplier. Senior traders do not like such combinations. Good for them. Maybe they are not always right? While the price was horizontal (there were two horizontal periods on the image), the...
I didnt say you cant buy high. I said you shouldnt buy something that is overvalued. There is a big difference between the two.
There are of course times when it is appropriate to buy at a swing high or sell at a swing low and that is when value is in your favour.

perhaps I was a bit flippant by saying strategy doesn't matter. Of course it matters but you will always struggle if you are buying overvalued or selling undervalued goods no matter how good your strategy.
Boxing clever since 76.
  • #150
  • Dec 28, 2016 4:27pm Dec 28, 2016 4:27pm
Quoting copi88
{quote} perhaps I was a bit flippant by saying strategy doesn't matter. Of course it matters but you will always struggle if you are buying overvalued or selling undervalued goods no matter how good your strategy.
OK. Now this makes sense to me. I absolutely agree with that. It is hard. I just wanted to point it out it is possible. Doable, yes, but still quite hard it is... Not smart trading, but still, one can easily get away. Thanks for making it clear.
Maadik Hugiis. IQ 69.
  • #151
  • Jan 4, 2017 6:07pm Jan 4, 2017 6:07pm
Quoting forexvert
{quote} SAR?
Sorry, i was off due to Christmas and New Year..... I mean by Parabolic SAR.
  • #152
  • Jul 26, 2021 8:23am Jul 26, 2021 8:23am
Quoting imranghani
my best {file} {file} {file} {file}
excellent sharing , THank you so much for the files. I do use ATR projection indicator much for intraday trading...could you please give more insight on GhaniFx What Next Move indicator, how better i can use it? thanks a ton in advance.
  • #153
  • Aug 4, 2021 7:35pm Aug 4, 2021 7:35pm
Quoting arrowloopboy
Guys which 3 indicators would ye find most beneficial to your trading ,i.e if ye could use just 3 what would they be.
The MT4 indicators under the Bill Williams directory.
  • #154
  • Aug 4, 2021 8:19pm Aug 4, 2021 8:19pm
One of the most alluring phenomena here in FF is the revival of a thread that hasn't been active for years.
For 4years no activity, then some few days ago its back again
What else can I say, its an interesting thing to observe..

Ohh what's wrong with me? I never answered the question asked over decade ago that traders have been answering for years here, that is breaking tradition
Well, I've stopped using indicators but the 3 most important ones that I've come across are: i. Moving averages (simple is sexy) ii. VWAP and iii. Correlations
  • #155
  • Aug 4, 2021 11:48pm Aug 4, 2021 11:48pm
Moving Average, RSI, Fibonacci levels.
  • #156
  • Aug 5, 2021 1:15am Aug 5, 2021 1:15am
1.the brain
2.wait
3. Enough money, you don't need a strategy.

4. if you are a demo you don't need any of this
  • #157
  • Aug 5, 2021 1:34am Aug 5, 2021 1:34am
Quoting kette
1.the brain 2.wait 3. Enough money, you don't need a strategy. 4. if you are a demo you don't need any of this
Why do some assume if a trader is trading demo then they must not be trading live? Demo is for forward testing whatever you want to test. Showing a demo TE does not mean the trader isn't trading live too. Why wouldn't they trade live?
  • #158
  • Aug 5, 2021 2:17am Aug 5, 2021 2:17am
Quoting kette
1.the brain 2.wait 3. Enough money, you don't need a strategy. 4. if you are a demo you don't need any of this
Stay green!!!
  • #159
  • Aug 5, 2021 5:19am Aug 5, 2021 5:19am
Quoting icmtrader
{quote} Why do some assume if a trader is trading demo then they must not be trading live? Demo is for forward testing whatever you want to test. Showing a demo TE does not mean the trader isn't trading live too. Why wouldn't they trade live?

in a demo your brain tells you nothing can happen as you play
real looks like this
Attached Image(s) (click to enlarge)
Click to Enlarge Name: balance.png Size: 107 KB
Click to Enlarge Name: edr.png Size: 85 KB
Click to Enlarge Name: XAUUSD+H1.png Size: 78 KB
Click to Enlarge Name: DAX DCF demo.png Size: 95 KB
  • #160
  • Aug 5, 2021 6:36am Aug 5, 2021 6:36am
Quoting kette
{quote} in a demo your brain tells you nothing can happen as you play real looks like this {image} {image} {image} {image}
Demo is important since it's a good way to determine a useful pattern for the floating equity. Since it's just demo, I can let the equity run whereas on a live account, trades are closed intraday.
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