Indicators are useless

Aug 30, 2021 at 07:07
1,186 การดู
28 Replies
เป็นสมาชิกตั้งแต่ Mar 15, 2021   3 โพสต์
Aug 30, 2021 at 07:07
No more indicators. They don' work.

Now, just looking at 'cycle' waves that are up/down.

$4 to $100 goal.
เป็นสมาชิกตั้งแต่ Mar 17, 2021   536 โพสต์
Aug 30, 2021 at 08:38
Nutty32 posted:
No more indicators. They don' work.

Now, just looking at 'cycle' waves that are up/down.

$4 to $100 goal.
Yes. Most of the indicators are useless.
เป็นสมาชิกตั้งแต่ Mar 15, 2021   3 โพสต์
Aug 30, 2021 at 08:57
SteveHanks posted:
Nutty32 posted:
No more indicators. They don' work.

Yes. Most of the indicators are useless.

It used to be that Elliot Waves were real popular. Now it seems most have abandoned that also.
เป็นสมาชิกตั้งแต่ Jul 19, 2020   788 โพสต์
Aug 31, 2021 at 01:25
I do very little work with indicators. The indicator provides a much slower signal. I work with price action.
เป็นสมาชิกตั้งแต่ Jul 20, 2020   399 โพสต์
Aug 31, 2021 at 06:53
Indicators are lagging for the most part and that means the edge you get from the diminishes sharply. It is hard to gauge in different market conditions too what some may do
เป็นสมาชิกตั้งแต่ Dec 18, 2019   20 โพสต์
Aug 31, 2021 at 18:05
Indicators are useless if you don't know how to use them. Surely, you shouldn't ground your decisions on the indicators solely. They should be only a part of your strategy.
เป็นสมาชิกตั้งแต่ Jun 14, 2021   28 โพสต์
Sep 01, 2021 at 07:21
@AliaDare I also like to work with the price action. These, I feel, are the least lagging among the bunch of other trading tools.
เป็นสมาชิกตั้งแต่ Jun 12, 2021   132 โพสต์
Sep 01, 2021 at 08:43
sometimes most of the indicators works to fail because there is no one who can predict the real faction of this market with certainly and there is nothing 100%.
เป็นสมาชิกตั้งแต่ Sep 01, 2021   9 โพสต์
Sep 01, 2021 at 11:27
I like ATR that is a good indicator. Not to make trading decisions but to stop you going into markets that are 'dead'
เป็นสมาชิกตั้งแต่ Jul 02, 2020   21 โพสต์
Sep 01, 2021 at 12:01
Do NOT use indicators to predict price movement, but use all indicators you find useful to understand/see things more clearly and to confirm your BIAS of movement.
Then look for price action signals to determine entry positions and there you go!
เป็นสมาชิกตั้งแต่ Mar 15, 2019   82 โพสต์
Sep 02, 2021 at 05:40
I disagree, they are very useful tools. However, don't rely on one alone and use in conjunction with risk management.
It's about the wins outweighing the losses!
All or nothing
เป็นสมาชิกตั้งแต่ Dec 09, 2013   139 โพสต์
Sep 02, 2021 at 06:34
Nutty32 posted:
No more indicators. They don' work.

Now, just looking at 'cycle' waves that are up/down.

$4 to $100 goal.
I have stopped using indicator since 2017. I only use Price Action, Candle Stick pattern, Fibonacci retracement. I agree on the note that indicators do not work in the Forex market. Some traders may know how to make them work. However, I could not find out how to make them work for me though.
เป็นสมาชิกตั้งแต่ Jun 16, 2020   57 โพสต์
Sep 03, 2021 at 06:26
I don't know why most of the traders rely on indicators, they are utterly useless especially when it comes to determining the price movement. It's been almost a year since i haven't been using them and solely relying on price action.
เป็นสมาชิกตั้งแต่ Jul 19, 2020   788 โพสต์
Sep 04, 2021 at 01:21
necolesilvers posted:
@AliaDare I also like to work with the price action. These, I feel, are the least lagging among the bunch of other trading tools.
Price action and patience is a very important issue in trading.
เป็นสมาชิกตั้งแต่ Jul 19, 2020   751 โพสต์
Sep 04, 2021 at 05:56
@Tradextol People depend on indicators because that's how they been taught forex trading. They do not try to do anything new to improve their skills.
เป็นสมาชิกตั้งแต่ Jun 14, 2021   28 โพสต์
Sep 06, 2021 at 10:27
Indicators are not completely useless, they can really help you in making the right trading decision. I think in trading, it all boils down to the fact that everyone has their own preferences. Some find one tool easy to use and others find some other tool easy. It is much about how well you use a tool rather than how useful a tool is.
เป็นสมาชิกตั้งแต่ Jul 19, 2020   751 โพสต์
Sep 06, 2021 at 11:12
Indicators are not completely useless
 It can be helpful if we can set the parameters properly. Default parameters do not work all the time.
เป็นสมาชิกตั้งแต่ Apr 03, 2021   470 โพสต์
Sep 12, 2021 at 23:35
There is so many indicators in forex business, its created by a different expert, so each indicator has own advantage and disadvantage this is not useless creation, because help some traders to make decision trading, but indeed not all indicator are good, there are indicator repaint and no repaint, repaint indicator look perfect in history, but in real trading, sometimes giving a false signal.
เป็นสมาชิกตั้งแต่ Mar 28, 2021   617 โพสต์
Nov 05, 2021 at 11:47
Indicators have lag but not fully useless if we know how a particular indicator works and all of it's parameter. Usually people use default parameters. But default settings always don't work.
เป็นสมาชิกตั้งแต่ Jul 19, 2020   751 โพสต์
Nov 05, 2021 at 12:32
@Akasuki Yes, I agree with you that indicators have lag. A trader should learn more than just default settings of an indicator. Only default settings do not work always.
You must be connected to Myfxbook in order to leave a comment
*การใช้งานเชิงพาณิชย์และสแปมจะไม่ได้รับการยอมรับ และอาจส่งผลให้บัญชีถูกยกเลิก
เคล็ดลับ: การโพสต์รูปภาพ/youtube url จะฝังลงในโพสต์ของคุณโดยอัตโนมัติ!
เคล็ดลับ: พิมพ์เครื่องหมาย @ เพื่อป้อนชื่อผู้ใช้ที่เข้าร่วมการสนทนานี้โดยอัตโนมัติ