Indicators Crap
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Thread: Indicators Crap

  1. #1
    Hi everybody,
    I would lioke to know something. . Why the majority of the indiors out there seem very great to read the price history but applied to the live price are continuosly repainting??? That crap ain't it?
    Allow Me to know if You've Got exactly the Exact Same thought
    ciao
    Alex

  2. #2
    I have precisely the identical thought...
    The amazing bit is that people continue to be unwilling to part with their beloved re-painting indiors even as soon as they find you they are re-painting.

  3. #3
    Many people wait for the near and utilize indiors for confirmation of what has occurred. Some of them are useful to paint an image of what's going on.

    If your comfy with just price then great for you.


    Personally I just just a few moving averages to paint my picuture. Consistently on the final closed candle or bar.

  4. #4
    I concur with both of you men. . Thank you for getting back on this!
    I just work with price, Heikin I and MA and I do ok..finally! But I dropped a lot of time following fake indiors and things that just lets you know that you're right or wrong too late, when you can see it from the profit/loss!
    Enjoy a Fantastic afternoon
    Alex

  5. #5
    Currently in the specialized trading side of forex there are two schools of thought which continuously fight -- unfortunately, they are both based on precisely the same thing and the fight is about nothing in fact.

    The price action or bare chart individuals eskew indiors for simple candle reading and support and resistance areas, while the indior individuals often load their charts to the stage that the candles may not even be observable.

    What camp fully understands is that EVERYTHING you see a chart is based on the price moving, and the way you would like to LOOK at that motion is your pursuit.

    Into that melee, I'm of the funniest and've spent years teaching how to SEE and READ what the market is performing, and have fulfilled over phenominal results as my ordinary 360 pips every day will attest.

    What you miss is when a person is trading the shorter duration charts, candles, indiors and your girlfriend will be moving around like voodoo dolls -- BUT they will indie trend, tp points and whatever and everything you need to know to trade well, IF YOU BOTHER TO LEARN HOW TO USE THEM.

    A lot of people believe indiors should be utilized to indicate entries and exits, but thats a ton of hogwash -- how many times have you seen a stochastic buried in oversold or overbought, and the price keeps moving?

    Forex used to be about fib numbers (which were support and resistance) but because the stocks market went entirely southwest, thousands and thousands of equity traders, both institutional and retail, have hit the Forex market, and they use SUPPORT AND RESISTANCE FIGURES.

    Now there are quite a few s r chart overlays (barrys support and resistance being one of the very best and available everywhere) that will let you know to the pip in which to place your tp stage, and combine these with bollinger bands for the FINAL price motion, and youre well set.

    The indiors themselves are utilized to reveal if it's the move will continue, retrace or undo, and only TIME and LEARNING them will provide that information, and I may just be moving over here with a bunch of newbs and start up store and TEACH how it works.

    Exactly what it comes down to is EXPERIENCE -- like anything else, mind operation included, if you lack the experience in forex, then you dont know what you dont know, but joy of joys, IT CAN BE LEARNED EASILY!

    Enough of this, but couldnt pass THIS dialog by with no word.

    Btw -- to the man using HA candles, do understand while they're superb for showing a fad, they're LATE in getting IN and from a transaction due to the computations needed to create the candle -- it you used an s r overlay, you'd be spot on with your transactions!

    Love and trade well

    mp

  6. #6
    Quote Originally Posted by ;
    Currently in the technical trading aspect of Foreign Exchange there are two schools of thought which always fight -- unfortunately, both of them are based on the same thing and the fight is all about nothing in fact.

    The price action or bare chart individuals eskew indiors for simple candle scanning and support and resistance areas, while the indior individuals frequently load their charts to the stage that the candles may not even be visible.

    What neither camp fully understands is that EVERYTHING you see a chart is based on the price...
    Greetings MP.

    I am of the faculty of restricted to none when it comes to indiors. Fibs and SR's adorn all charts I use. I understand that there is always room for advancement and also to enlarge the knowledge base. It would be nice for one to open shop here and share what you deem proper.

    Regards,

    GF

  7. #7
    Quote Originally Posted by ;
    many people think indiors should be utilized to signal exits and entries, but a ton of hogwash -- how often have you noticed a stochastic buried in oversold or overbought, and the price keeps moving?
    YOU JERK!!!!!! I had been going to write this, but you stole my words. I hate you! lol.

    But yeah, that's totally correct.

    That an INDICATOR is not a SIGNALER, it's a freakin INDICATOR it indies things that happened/is happening, it does not predict what's going to take place.

    How I look at it's that you should always start off your trading profession just like you're getting dressed in the morning.

    To begin with, you start off with no clothes (indiors). You are trading naked. This way, you get to learn the market. You are relying on your own intuition, understanding, and expericence.

    Next, you wear some panties (something like MAs). These make your analysis of this market faster. These really are a shortcut for finding trends, S/R, etc. you already know how to spot these things, but you have a short cut for it.

    Next you put on some shorts, pants, or a skirt (something like Volumes or ATR or something) These sorts of things help show buy/sell pressure. A shortcut to assist you with something you already know.

    Then you set in your top (bollinger bands, volatility, whatever) to help you see when breakouts are going to occur. Again, a SHORTCUT for something you ALREADY KNEW.

    That's the whole purpose of indiors. They reveal general trading information, but make it a lot easier to read and quicker to acquire.

    That's how I look at it. You have to learn how the market works, you need to know what your doing before you can start simplifying it.

    Btw, I hate all those crappy fancy indiors. They are absolutely ridiculous. i also dont like oscillators. I understand they have a goal, but I believe they tell you things you can see from just taking a look at the market.

    But anyways. yeah, indiors indie. They don't signal.

  8. #8
    Quote Originally Posted by ;
    Into that melee, I'm of the funniest and have spent decades instructing the way to SEE and READ what the market is doing, and have met with more than phenominal results as my ordinary 360 pips a day will attest.


    The indiors themselves are used to reveal whether a move will last, retrace or reverse, and only TIME and LEARNING them will provide that advice, and I may just be moving here with a bunch of newbs and open up shop and TEACH how it functions.

    IT CAN BE LEARNED EASILY !
    I suppose you write copy on sites as well. If this isn't a scam prep, I have never seen one.

    Hmmm, only 360 pips a day. You should be an amateur.

  9. #9
    Quote Originally Posted by ;
    Hi everybody,
    I'd lioke to know something. . Why the majority of the indiors out there look very great to see the price background but applied to the live price are continuosly repainting??? That crap ai not it?
    Allow me to know if you have precisely the same idea
    ciao
    Alex
    Yes Not many However each indior is crap as based on past data. Dont rely on these, that is why I trade with no indior's.

    https://www.forexforum.co.za/trading...agic-wave.html

    Pip!

  10. #10
    Quote Originally Posted by ;
    Greetings MP.

    I'm of the school of restricted to none when it comes to indiors. SR's and Fibs adorn all charts I use. I understand that there is always room for improvement and also to enlarge the knowledge base. It would be nice of you to open shop here and share what you deem suitable.

    Regards,

    GF
    GF, there is no need for MP to start shop here. If you would like to read 114 pages worth of his non-secret secrets, then you can locate them http://forums.babypips.com/newbie-is...t-secrets.html.

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