Point taken Bill. I never meant to diss indicator traders or the systems they use. I just wanted to make a thread pointing out that they are only tools and are not necessary to trade profitably. The photo was meant to be a lighthearted joke and was ...

Why do traders use so many indicators?

No, I just try and choose my trades wisely. And I made a comment on all the trades you posted and gave my opinion. I was either in the same trade as you, a similar and easier trade, or in the case of EURUSD not trading it at all. I can only dream of ...

Why do traders use so many indicators?

NO. I said I will be able to find the same trade and explain it in a more easily digestible fashion for newbies. Without using delta force CGI graphics on my chart. And, I am not a guru because I don't qualify as one, and even if I did, I would not ...

Why do traders use so many indicators?

No, I will not say that because it isn't the truth. You may be good at trapping other people into your way of thinking but it's not going to work with me. Did you ever think to yourself that maybe NOT trading is better than trading at all? There are ...

Why do traders use so many indicators?

So you just admitted that you are a troll who is here only to disturb the peace of this thread. Cool, at least you admitted it. Um, no I actually got out because I was using it to hedge my other positions and I took profits early, so what. Your ...

Why do traders use so many indicators?

UPDATE ON THIS WEEKS TRADES GBPUSD This trade finally came back into my favor but unfortunately I cut it way to early. I ended up making just a bit over 8% on since I had 3 separate positions on it but could have made closer to 20% I think if I held ...

Trading under the microscope

I recommend nothing right now. I am not a guru or FX mentor. All I can say is I am currently not holding any positions for EURUSD and I already explained why.

Why do traders use so many indicators?

Some trades I am personally currently in that may prove to be nice. GBPCAD Buy XTIUSD Sell XRPUSD Buy My reasons for taking them are many. I have a separate thread for that. There I explain all my trades, why I took them, why I got out too early and ...

Why do traders use so many indicators?

EURUSD Monthly Chart. For those of you who want a visual of what I am talking about. It's not rocket science. image

Why do traders use so many indicators?

Just to be clear no one including myself ever asked you to make calls without using your system, at all. You are doing this by your own choosing. No one is asking you to force clearly bad trades that you would not take otherwise, which you even ...

Why do traders use so many indicators?

Algorithmic trading has been proven to be less profitable than human discretionary trading, even within hedge funds. The only thing that may eventually supersede humans in trading is AI, and that's if it is ever developed and actually works the way ...

Why do traders use so many indicators?

Check out post 302 of this thread. I talk a bit about EURUSD and show how it broke below support and has not recovered since. It is not safe to look for longs here until price forms a good structure, not to mention the fundamentals.

Why do traders use so many indicators?

Everything is past data. We are forever living in a constant push forward of time. Nothing is truly "now". The thing is though, that once you understand the current value of a currency and compare it to another using your own research based on ...

Why do traders use so many indicators?

If I am correct this is an EA that you have developed and back-tested. In this case it would not be worth my time to sit through all of these trades and tell you why or why not they worked. I also highly doubt that this EA based on RSI indicator ...

Why do traders use so many indicators?

EUR is extremely weak right now in comparison to USD. If you look across all the USD major pairs the same thing is happening, this has to do more with what is going on with the USD rather than what is going on with EUR, however the recent news about ...

Why do traders use so many indicators?

And JetTrader, here is another view of EURAUD and I put an arrow close to about where you entered. The price moved higher because it was in an area where buyers previously pushed price higher, and your indicator based system managed to be in line ...

Why do traders use so many indicators?

This is the problem with trying to have a discussion about anything on this forum. Was my original post meant to poke a bit of fun against indicator based systems, maybe. Was it of bad taste? I don't think so. Did it strike a nerve for some? Clearly ...

Why do traders use so many indicators?

The thread I started is a troll thread because I believe indicators are not necessary to achieve profitability? OK. I struggle with accepting there are experts in this thread? Show me the experts, show me the results. LOL No one has proved me wrong ...

Why do traders use so many indicators?

Yes, please see the PDF attached. file You can read here that this researcher compared the results of arbitrary levels to levels provided by institutional funds and firms trading in the Forex market. Her findings concluded that the levels provided ...

Why do traders use so many indicators?

This. This is exactly the point of this thread. It is the same, and I would argue in my opinion more effective than using traditional indicators, but to each is own. The thing is though, to me, it is much easier to read what the price is doing ...

Why do traders use so many indicators?