Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

exbryan

Why You Say Indicators Fail and Price Action Always Works ?

Recommended Posts

Why you say indicators fail and price action always works ?

This is a different thread to my previous thread called "with and without trading indicators". Recently I followed a price action course at 2ndskiesforex after reviewing forex peace army reviews. Actually that was great experience with Chris and I realized that price action powerful and always works. I spent thousnads of dolors on indicators and systems and finally down to free Moving averages with price action.

Would like to listen to similar stories here.........

Share this post


Link to post
Share on other sites

In my experience, price action is the only way to go for being constantly profitable in all the market conditions.

I personally switched from indicators to pure price action trading after I joined the DnB price action war room, where they offer an excellent course consisting of an actual trading protocol with all the details about the various price action setups, how to enter, where to put the stoploss as well as the target profit. Since I apply the DnB protocol (quite a few months now), I am constantly profitable in the market. The price action can be applied to all the market conditions, and this is the main difference between indicators and price action trading.

When I was trading using indicators, such as MACD, RSI, and/or Stocastic, I used to have several good weeks of constant profit, and then all of a sudden those profits got canceled by few weeks full of disasters. Obviously the market conditions changed, and my indicator based methods were not profitable anymore for some reason.

I do recommend the price action approach to whoever wants to succeed in the trading business, and I would love to hear also the opinions from other profitable traders that are using indicators instead of price action.

Share this post


Link to post
Share on other sites

The problem with shills is pretty obvious to folks who have been here a while.....one post and just by coincidence he is here to help the original poster (who is probably his/her partner)....

 

The "problem" with indicators doesn't exist....indicators are tools....no different than if one uses power tools like drills or circular saws to make furniture or cabinetry....in the hands of a skilled person, these tools produce a good result, in the hands of inexperienced persons, the result is often quite different...

 

Yes I teach folks (4 people several times a year), and understandably some are skeptical of me as well.....frankly I couldn't care less....

 

Good luck

Share this post


Link to post
Share on other sites

The reason 'systems' don't always work, is because they are designed to work in certain conditions and when conditions change - the system doesn't work as well. Price action is learning the repeating and predictable patterns of the market - and learning to take those trades which statistically have the best survival rate.

Share this post


Link to post
Share on other sites
The reason 'systems' don't always work, is because they are designed to work in certain conditions and when conditions change - the system doesn't work as well. Price action is learning the repeating and predictable patterns of the market - and learning to take those trades which statistically have the best survival rate.

 

You forgot to mention forex. Have you been reprogrammed by a human or did they just spill coffee all over your binary codes?

Share this post


Link to post
Share on other sites
I am not a programmed, I really do not think that I should always use Forex word in my any Post.

 

Looks like 2018 will be the year where AI takes the crazy pigeon programming project to dizzying new heights of service to this 'community'.

 

Don't worry, I am not programmed either. I really do not think I should use the fkuchaed word in my any Post.

 

 

 

 

 

 

 

.

Edited by mitsubishi

Share this post


Link to post
Share on other sites
Looks like 2018 will be the year where AI takes the crazy pigeon programming project to dizzying new heights of service to this 'community'.

 

Don't worry, I am not programmed either. I really do not think I should use the fkuchaed word in my any Post.

 

 

 

 

 

 

 

.

 

mits, I still think you keep beating on the wrong fkuchaed :grin:

 

There is an inherent self-limiting function in AI. It uses, accesses, collates, and calculates with, false information. Not just here and there or now and then, but on a continuous basis.

 

 

Think about all the entrenched institutions and monopolies in our society. Each one of them proliferates false information in cascades.

 

No machine can correct that. Indeed, AI machines are victims to it. They in turn emanate more falsities based on the information they are utilizing.

 

Each and every false datum generates a wider and wider stream of lies, and the streams, becoming rivers, overlap and produce oceans of contaminated information.

 

The oceans of false information that circulate in this world—and are loaded into the super-computer—would be yours. The best model I can think of for THAT is…

 

Mainstream news.

 

The Fatal Flaw in the Brain-Computer Interface

Share this post


Link to post
Share on other sites

mits, I still think you keep beating on the wrong fkuchaed :grin:

 

Nope.

 

I guarantee (s)he'll continue to provide all the evidence required to guarantee an extension of the current policy.

 

You know that I was patient and showed restraint for a long time. But the cnut never appreciated that at all. At least now that theres a heads up been estsblished there's no excuse

 

(S)he'll think twice now before using the F word in future.

 

And besides. there are three dicekahd clowns in the gang,, not one.. Unless it actually is one pretending to be 3. In that case you can only stand back in awe at both,the capacity for stoopidity and, the size of the mental deficiency required for promoting it so relentlessly.

 

You even admit in your freudian slip that' fukchaed' is the correct terminology to describe the deception and dumbfukcery and sheer waste of cyberspace that the 1000's of members who are no longer here are forced to ignore.

 

What chance is there for a return to the 'glory days' if stoopidity is allowed to flourish, let alone be nurtured, as you seem to insist on?

 

I know you mean well, but I'm down on liberals..in all shapes and forms, for at least the next century.Harden the fukc up, the current climate demands at least that.

 

Think of the greater good...just for once ..will you FFS?:)

 

 

 

And Btw, re you link there. I don't give a damn how stoopid you think AI is at the moment. I will continue to batter it with the flat side of a cricket bat regardless. An ounce of prevention is worth 250k libtards.

 

I've never spoken to a robot in my life and I never will. You'll find that when you call the utility Co and swear at the fukcre every time it asks a question for long enough, inevitably a human intervenes eventually..

 

And I don't care if it takes 18 minutes before that happens because-

 

1- I could break any world records on swearing at AI you care to put up.

 

and

 

2- I can actually multi task when I'm on the phone.

Edited by mitsubishi

Share this post


Link to post
Share on other sites

Mits,

 

What chance is there for a return to the 'glory days' if stoopidity is allowed to flourish, let alone be nurtured, as you seem to insist on?

Insist? I let it go long ago... and just thank the lord I don’t need this place. https://www.theguardian.com/media/2018/jan/23/never-get-high-on-your-own-supply-why-social-media-bosses-dont-use-social-media'>https://www.theguardian.com/media/2018/jan/23/never-get-high-on-your-own-supply-why-social-media-bosses-dont-use-social-media

My audience here is miniscule and I only need to do a better job with them...

 

As far as damage goes...and “What chance is there for a return to the 'glory days'” etc - imo, the intolerance of the smart posters edges out damaging TL more than the bot echo chamber dumb posters do across the years. And neither are ultimately to blame. We’re looking at multiple generations now of dumbed down... and the results are starting to show.

https://www.theguardian.com/media/2018/jan/23/never-get-high-on-your-own-supply-why-social-media-bosses-dont-use-social-media

 

Re:AI

" never spoken" / “swear at the fukcre” - That’s funny, mits :). To get passed off to a human quickly, I like to mumble

 

Luvn AI .... dystopi

 

Why You Say Indicators Fail and Price Action Always Works ? ...esp when AI uses indicators to 'create' PA

 

shine on you crazy diamond

 

zdo

 

 

ps CrzyCzry is the ultimate generalist... :rofl:

Edited by zdo

Share this post


Link to post
Share on other sites
Mits,

 

 

Insist? I let it go long ago... and just thank the lord I don’t need this place. https://www.theguardian.com/media/2018/jan/23/never-get-high-on-your-own-supply-why-social-media-bosses-dont-use-social-media'>https://www.theguardian.com/media/2018/jan/23/never-get-high-on-your-own-supply-why-social-media-bosses-dont-use-social-media

My audience here is miniscule and I only need to do a better job with them...

 

As far as damage goes...and “What chance is there for a return to the 'glory days'” etc - imo, the intolerance of the smart posters edges out damaging TL more than the bot echo chamber dumb posters do across the years. And neither are ultimately to blame. We’re looking at multiple generations now of dumbed down... and the results are starting to show.

https://www.theguardian.com/media/2018/jan/23/never-get-high-on-your-own-supply-why-social-media-bosses-dont-use-social-media

 

Re:AI

 

" never spoken" / “swear at the fukcre” - That’s funny, mits :). To get passed off to a human quickly, I like to mumble

 

Luvn AI .... dystopi

 

Why You Say Indicators Fail and Price Action Always Works ? ...esp when AI uses indicators to 'create' PA

 

shine on you crazy diamond

 

zdo

 

 

ps CrzyCzry is the ultimate generalist... :rofl:

 

That is so funny If being active is the tagline for ultimate generalist then sure I am an ultimate generalist. Thank you.

Share this post


Link to post
Share on other sites
On 6/16/2013 at 6:29 AM, exbryan said:

Why you say indicators fail and price action always works ?

 

This is a different thread to my previous thread called "with and without trading indicators". Recently I followed a price action course at 2ndskiesforex after reviewing forex peace army reviews. Actually that was great experience with Chris and I realized that price action powerful and always works. I spent thousnads of dolors on indicators and systems and finally down to free Moving averages with price action.

 

 

Would like to listen to similar stories here.........

Leaving aside the "always", indicators are based on price and / or volume, so as derivatives they filter out some information, and inherently include some delay relatively to price and volume.

Share this post


Link to post
Share on other sites

There is nothing which works every time and that includes price action trading also. With price action trading it's easier to navigate on your chart because you have a clean chart without indicators. It depends on your style if you prefer indicators or price action trading. I learned price action trading from learntotradethemarkets.com and the course was very detailed, structured and understood how this type of trading works. I also heard that in the long run price action trading can be very profitable.

Share this post


Link to post
Share on other sites

You realize that those who sell trading classes can't make their money from trading ... If they taught from the goodness of their hearts they would do it for free, not for the exorbitant prices they charge.

Share this post


Link to post
Share on other sites

I can't agree with you. Trading full time is one thing, just as working at a job. But then trading will never be a fixed income. To play smart and always have an income, selling products that you make or made in the past can definitely give you some extra. And since you are already spending most of your time on that, why not write it down and sell it to people.

Share this post


Link to post
Share on other sites

Off topic !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

:offtopic:


The weakness of most indicators is that the same ‘visual’ indicator travel /pattern can be produced by as many as 20 different chart/price travel /patterns.  If a trader cannot type the auction, indicators alone barely bump his probabilities up.  Big woop bcse meanwhile show me a price action trader who can’t type the auction and I’ll show you a failing price action trader too.  

Ie Consciously reading context is the only way you can know what to do when... a price action trader who inadequately or unconsciously reads context (ie doesn’t know what auction types he’s puny at detecting, etc.) may slightly outperform an indicator trader who inadequately or unconsciously reads context at the same skill level , but that will not be enough to get him over the threshold to consistent profitability either.

Ie I can say with pretty high certainty that any noob who is questioning / bouncing around btwn pa and inds actually needs to drop them both and learn conscious ‘contexting’ first

sell
 

Share this post


Link to post
Share on other sites

In this trading strategy, We combine the RSI indicator with the MACD. First, enter the market whenever the RSI gives an overbought or oversold signal which is supported by a MACD signal line crossing. And then close the position if eitherindicator provides an exit signal.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date : 20th February 2020. Yen tumble continues - 20th FebruaryThe Yen has continued to tumble, and is showing a near 2% decline against the Dollar from yesterday’s opening levels.USDJPY printed a 10-month high at 112.10, just 28 pips away from its 10-month high, and EURJPY posted a 2-week high, at 121.00.There have been reports over the last day of major fund managers cutting yen longs, including against short regional Asian currency hedge positions, though most Asian currencies came under fairly heavy pressure today amid concerns about the coronavirus outbreak spreading regionally at an increased rate. There has also been talk of Japanese funds buying US Treasuries. While China reported a large drop in new coronavirus cases, just as the PBoC delivered an expected rate cut, South Korea and Japan reported increases in new cases.This news led to a mixed performance among Asian equity markets, with China outperforming while other benchmark indices sputtered. Trying to call the point of peak contagion, and thereby the peak of economic disruption, is tough, though the consensus seems to be that it will happen in March or April, aided by the arrival of warmer weather in the northern hemisphere (although scientists aren’t exactly sure if warm weather will have the same quelling effect as it does on flu and cold viruses).Japan’s Q4 GDP data, released on Monday, disappointed, showing a 1.6% q/q contraction versus the median forecast for -0.9%. Q3 data were also revised down, and the figures came amid expectations for a dismal current quarter performance given the impact of measures to contain the virus outbreak.There is a risk that USDJPY might sharply reverse gains should risk appetite in global markets deteriorate and sustain. Intraday meanwhile, momentum indicators continue their positive configuration, suggesting that despite the fact that the asset reached overbought territory there is still room to the upside. Stochastics slopes into overbought area and MACD extends above signal line suggesting strengthening of positive bias, whilst ATR posted a 16 pips move. Some correction could be seen ahead of US session, with immediate Support at 112.00 and 111.58 (yesterday’s peak), however the overall outlook remains positive. Resistance sits at 2019 peak , i.e. 112.38 and at 112.66 (R2 of the day).Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Many traders are not so satisfied with IC Markets lately. It seems they have a lot of issues.
    • Potential GBP/USD long
    • White post on white forum paper $Value: Higher than 75
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.