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Indicators are useful but
May 25, 2022 at 16:14
Anggota Sejak Aug 11, 2019
21 pos
indicators are useless =)
imho, many traders who I communicated stated that indicators are useless just because the msot part of them doesn't help you to detect the best entry points or exit points, they help you to watch for the graphic and as msimum - analyse it.
however, the rate of success in strategies which are based on the indicators like sma or ma is so small, that it's better to stay off the idea trading with them. i used them once and i fount out that it's better to pay attention to bollinger bands and build the strategy around the volumes and analyse volumes. trade volumes are much more helpful as they can hint you where to wait for the breakthrough in case the price have already come to the level of support or resistance.
use, analyse and gain profits!
imho, many traders who I communicated stated that indicators are useless just because the msot part of them doesn't help you to detect the best entry points or exit points, they help you to watch for the graphic and as msimum - analyse it.
however, the rate of success in strategies which are based on the indicators like sma or ma is so small, that it's better to stay off the idea trading with them. i used them once and i fount out that it's better to pay attention to bollinger bands and build the strategy around the volumes and analyse volumes. trade volumes are much more helpful as they can hint you where to wait for the breakthrough in case the price have already come to the level of support or resistance.
use, analyse and gain profits!
Anggota Sejak Aug 10, 2021
178 pos
Anggota Sejak Jul 20, 2020
399 pos
Anggota Sejak May 13, 2022
22 pos
May 30, 2022 at 08:54
Anggota Sejak May 13, 2022
22 pos
Williamfreed posted:I agree with you. I think traders are slowly starting to get overly dependent on their indicators, when really, you can trade without them.
Indicators are very important but not totally necessary. You can trade with simple price action.
May 30, 2022 at 20:18
Anggota Sejak Oct 20, 2018
300 pos
Teutomania posted:Without any?Williamfreed posted:I agree with you. I think traders are slowly starting to get overly dependent on their indicators, when really, you can trade without them.
Indicators are very important but not totally necessary. You can trade with simple price action.
momchil_slavov@
Anggota Sejak Apr 09, 2019
538 pos
Jun 06, 2022 at 09:30
Anggota Sejak May 30, 2022
27 pos
Indicators are definitely useful. But they are optional. There are several indicators that are lagging, and cannot predict future price moves. That does not make them any less useful, however. There are many who find them useful and there are many who don’t. It totally depends on the trader.
Anggota Sejak Apr 14, 2022
32 pos
Anggota Sejak Jun 02, 2022
24 pos
Jun 20, 2022 at 10:47
Anggota Sejak Jun 02, 2022
24 pos
It’s better to end the debate whether charts are more useful or indicators, or anything else like signals.
No one technical analysis tool is 100 reliable alone. You have to take in account the information provided by other tools. Even if you are primarily following indicators, there is no harm in that, just remember to double check with price actions, and also fundamental analysis. Do not miss out on anything, better to be safe than sorry.
No one technical analysis tool is 100 reliable alone. You have to take in account the information provided by other tools. Even if you are primarily following indicators, there is no harm in that, just remember to double check with price actions, and also fundamental analysis. Do not miss out on anything, better to be safe than sorry.
Anggota Sejak Jun 03, 2022
17 pos
Anggota Sejak Aug 05, 2021
401 pos
Jul 03, 2022 at 12:54
(diedit Jul 03, 2022 at 13:03)
Anggota Sejak Aug 04, 2020
1 pos
Indicators are only useful to determine the current market state. They should not be used to determine a future state on their own. The key to being profitable is knowing whether the market is heading in a trending market or a range market. Indicators only tell you if the market is CURRENTLY trending, not if it is heading into a trend or range.
Trust me, i'm a software engineer. I've written scripts to determine probabilities that for example when a head and shoulders pattern forms for example, how often will the market move in one direction. It is also 50% one way, 50% the other meaning it's just noise and has no bias. (no edge).
I have a script running right now on my pc that I have been running for a week now. It's looking for candle stick patterns and the probabilities the market will move in a particular way after the combination of candle stick pattern happens. I find some things that show there is a bias, but guess what, as soon as you put that on an account even though it had an edge over 10 years of data, it stops doing that edge.
Trust me, i'm a software engineer. I've written scripts to determine probabilities that for example when a head and shoulders pattern forms for example, how often will the market move in one direction. It is also 50% one way, 50% the other meaning it's just noise and has no bias. (no edge).
I have a script running right now on my pc that I have been running for a week now. It's looking for candle stick patterns and the probabilities the market will move in a particular way after the combination of candle stick pattern happens. I find some things that show there is a bias, but guess what, as soon as you put that on an account even though it had an edge over 10 years of data, it stops doing that edge.
Anggota Sejak Jul 20, 2020
399 pos
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