No more indicators. They don' work.
Now, just looking at 'cycle' waves that are up/down.
$4 to $100 goal.
Now, just looking at 'cycle' waves that are up/down.
$4 to $100 goal.
Aug 30 2021 at 08:38
Nutty32 posted:Yes. Most of the indicators are useless.
No more indicators. They don' work.
Now, just looking at 'cycle' waves that are up/down.
$4 to $100 goal.
SteveHanks posted:Nutty32 posted:Yes. Most of the indicators are useless.
No more indicators. They don' work.
It used to be that Elliot Waves were real popular. Now it seems most have abandoned that also.
I do very little work with indicators. The indicator provides a much slower signal. I work with price action.
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
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.
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.
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%.
If the indicators are of high quality, then this is a really big plus. Thanks to this, you can make pretty good money.
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'
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!
Then look for price action signals to determine entry positions and there you go!
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!
It's about the wins outweighing the losses!
All or nothing
Nutty32 posted: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.
No more indicators. They don' work.
Now, just looking at 'cycle' waves that are up/down.
$4 to $100 goal.
Sep 02 2021 at 07:07
WimConrad posted:But sometimes indicator helps a lot.
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!
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.
necolesilvers posted:Price action and patience is a very important issue in trading.
@AliaDare I also like to work with the price action. These, I feel, are the least lagging among the bunch of other trading tools.
@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.
then you used the indicators incorrectly, if you have such an opinion
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.
