DislikedSimply put I believe that indicators are just not used right by many, due to the lack of understanding - What and Why were the creators trying to calculateIgnored
"The fun is in the hunt. Not the kill."
WRB/MC strategy:Coder needed to semi-automate my strategy 11 replies
strategy builder/tester for new scalping strategy 1 reply
Is opposite of losing strategy a winning strategy? 21 replies
After years in trading, do you still believe in get-rich-fast BS? 98 replies
DislikedSimply put I believe that indicators are just not used right by many, due to the lack of understanding - What and Why were the creators trying to calculateIgnored
Disliked{quote} The simplest way to use indicators that i know can work is choosing a moving average or a few to determine the trend and then an oscillator like cci or rsi to tell you when to enter. for example if the moving average is going up, then you buy the market when cci or rsi comes out of the oversold zone and vice versa for selling the market. So basically what these indicators do is help you get in when price is oversold in an uptrend and when price is overbought in a downtrend.Ignored
Disliked{quote} {quote} Sure, And the advice was quite simple but helped me immensely. I guess when you spend days in the "lab" like a mad acientist crafting some new plan of attack you build up kind of expectations based around your backtestimg and forward testing.. then of course you formulate your momey managememt rules/ risk per trade etc... So what I was told was to lower my expectations to a win rate of 50%... and allow for a loss run of 10-20 trades in a row... which sounded ridiculous at the time, my method on teating was winning 70% so why would...Ignored
Disliked{quote} why are you beating around the bush sir ? what do you think the market expect of you ? simple questionIgnored
Dislikedwhy are you beating around the bush sir ? what do you think the market expect of you ? simple questionIgnored
DislikedFarewell and Good-Bye FF {quote} And so shall I... I've said good bye once, twice... I guess this will be the third and final good-bye (not due to FF or other OP)... I wish everyone the best and good luck in their trading. DO NOT GET SCAMMED Farewell and Goodbye. Peace, CrucialPointIgnored
Disliked{quote} {quote} Sure, And the advice was quite simple but helped me immensely. I guess when you spend days in the "lab" like a mad acientist crafting some new plan of attack you build up kind of expectations based around your backtestimg and forward testing.. then of course you formulate your momey managememt rules/ risk per trade etc... So what I was told was to lower my expectations to a win rate of 50%... and allow for a loss run of 10-20 trades in a row... which sounded ridiculous at the time, my method on teating was winning 70% so why would...Ignored
Disliked{quote} Thanks! Very mature advice, but like you said is not going to appeal to those who are looking for a glamorous "AHA" moment.Ignored
Disliked{quote} {quote} Sure, And the advice was quite simple but helped me immensely. I guess when you spend days in the "lab" like a mad acientist crafting some new plan of attack you build up kind of expectations based around your backtestimg and forward testing.. then of course you formulate your momey managememt rules/ risk per trade etc... So what I was told was to lower my expectations to a win rate of 50%... and allow for a loss run of 10-20 trades in a row... which sounded ridiculous at the time, my method on teating was winning 70% so why would...Ignored
Disliked{quote} Basically as I understand it you developed a method with a strong edge and then built your trade and money management around the idea that the system must survive even with 50% wr and 20 consecutive lossess? Whatever your money management idea is, you need that juicy edge to begin with. Cutting risk (reducing SL as the markets agree with you) is one of the best idea to reduce probability of failure in the long run, but you obviously need a well defined strategy that gives you a decent probability that target X will be reached, then you need...Ignored
Disliked{quote} {quote} Sure, And the advice was quite simple but helped me immensely. I guess when you spend days in the "lab" like a mad acientist crafting some new plan of attack you build up kind of expectations based around your backtestimg and forward testing.. then of course you formulate your momey managememt rules/ risk per trade etc... So what I was told was to lower my expectations to a win rate of 50%... and allow for a loss run of 10-20 trades in a row... which sounded ridiculous at the time, my method on teating was winning 70% so why would...Ignored
Disliked{quote} The simplest way to use indicators that i know can work is choosing a moving average or a few to determine the trend and then an oscillator like cci or rsi to tell you when to enter. for example if the moving average is going up, then you buy the market when cci or rsi comes out of the oversold zone and vice versa for selling the market. So basically what these indicators do is help you get in when price is oversold in an uptrend and when price is overbought in a downtrend.Ignored
DislikedTrading is simple after you've learned from your mistakes. The hard part is realizing the things you are doing wrong... that is why most people will be unsuccessful. They don't know what they are doing wrong and it is difficult to find someone who can(nevermind is willing) teach you the proper way of doing things. I'm self-taught in that I learned by analyzing my own mistakes and learning from many different sources. There are many places to find bits and pieces of information. But understanding how and when...Ignored
Disliked{quote} Using those indicatorsin that wayis exactly why some many lose at trading.Ignored
Disliked{quote} Nailed it "long run" are the only 2 words you needed to say. just like humans the market needs to sleep, eat and s***Ignored
Disliked{quote} Fixed that for you. All worthless distracting garbage. Every last one of them.Ignored