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.

Donald

Which indicators you like and why

Recommended Posts

So I've been messing with the indicators and learning about them. Made me curious what does the majority use here and why?

Currently I'm using Bollinger Bands, Awesome Oscillator, Moving Average, Belkhayate Timing and Parabolic SAR.

From all these Belkhayate is my favourite so far, it almost only made me win trades. While Parabolic is almost like MA, I still can read it more clearly on how the market moves.

Share this post


Link to post
Share on other sites

I use them because a lot of traders stick with them. It’s like a self full-filling prophecy. When a lot of people use a specific tool it will become true. They are great in normal conditions, but when something unpredictable happens at the market they are less reliable.

Share this post


Link to post
Share on other sites

 

Most amateurs never get beyond

 

 

'So I've been messing with the indicators and learning about them'

 

And repeating the same ludicrous shit from the sheep mantra songsheet ( albeit in pidgeon Engish these days)

Yeah.. surely

For example-' I use them because a lot of traders stick with them. It’s like a self full-filling prophecy'

 

The only self fullfilling phrophecy in the market is that most amateurs will fail.

 

You can't call yourself a trader unless you make money trading.

 

 

 

Share this post


Link to post
Share on other sites

Well hey. Everyone has to start somewhere, I was just simply curious on what people use in general. Forums and the Beginner Forum specifically are here for a reason after all.

Meanwhile you could also tell us what is a good method to practice so we don't fail.

Share this post


Link to post
Share on other sites
4 hours ago, Donald said:

Well hey. Everyone has to start somewhere, I was just simply curious on what people use in general. Forums and the Beginner Forum specifically are here for a reason after all.

Meanwhile you could also tell us what is a good method to practice so we don't fail.

Sure. It's £1200.00 per hour plus VAT. When would you like to book?

You get a free consultation (telephone)

Average total  client pays  £12,000.00

But I have an unusual disclaimer.

The first line reads: 'Statistically, in trading the market (any market) you will lose all your money (because a loser is a loser).'

Not a single one of my clients has become profitable on a long term basis. Unfortunately, easy money completely ruins the average persons ability to access their own common sense..Thats 207 people from all walks of life

Teaching someone to trade is a lot like arguing with a neo liberal. A  complete waste of time. You cannot argue with people who have cognitive dissonance. They just get angry and no amount of evidence will convince them of their own stupidity.

Similarly you cannot teach a loser to trade. Even with inside information, the ability to cheat, access to law makers in order to move the goal posts and the ability to be bailed out no matter what laws were broken and regardless of financial or even human cost.

See- recent global financial crisis- for the list of people who couldn't, even with all advantages listed above, trade profitably  on a simulator, let alone with real money.

But.. to quote you.. 'hey' go ahead and give it a go.

Now for the last line of my disclaimer (which also serves as a contract)

'Unfortunately, a situation may arise in which you could forfeit the initial £1200.00 deposit (plus VAT) if it is deemed that you may be wasting both of our time (Your time is just as lmportant as mine). In which case the service will be terminated immediately.... blahblah

 

 

 

 

 

 

 

 

Edited by mitsubishi

Share this post


Link to post
Share on other sites
3 hours ago, PAOptions said:

None. Price action is all I need.

how inane... it's like posting in a 'what kind of car do you like?' thread about how you only take uber.

But that's how we roll around here... talking about indicators in price action threads... talking about price action in  indicator threads...

Share this post


Link to post
Share on other sites

Noobies,

PAn said "Indicators are absolutely worthless"

To be more accurate, PAn should have posted "Indicators are absolutely worthless to me."

Indicators are like any other measure or representation - worthless if you don’t know how to use them.  When I first started trading I studied indicators in depth then moved on... it was not until many years later when I got into automation that indicators and learning how and WHEN to use them became not “absolutely worthless”  but extremely valuable.

 

 

...

 

 

 

PAn, somewhere a noob is in a Price Action thread trying to integrate new material.  Someone like you pops up and says “Price action trading is absolutely worthless. Indicators are all I need” .  Helpful?      No.   To really be accurate PAn should have posted nothing at all in this thread...

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.


  • Similar Content

  • Topics

  • Posts

    • I use binance, Tickmill and Hotforex(trade their CFD products). Anybody else trading crypto as Cfds?
    • How do I use mobile app to request withdrawal of my funds to crypto wallet? Can you help me?
    • Agree with you. Keep yourself away from these things
    • Date : 16th July 2019. MACRO EVENTS & NEWS OF 16th July 2019.FX News Today Treasury yields steadied during the Asian session, with bonds erasing overnight gains and the 10-year yield now up 0.3 bp at 2.092%. JGB yields also backed up from lows and are down -0.1 bp at -0.129%, after returning from holiday, while yields declined in Australia and New Zealand after the minutes of the last RBA meeting showed the bank remains ready to adjust policy if needed. Stock markets meanwhile struggled in very light volumes as markets hold back ahead of key US data and earnings reports this week. On trade talks US Treasury Secretary Mnuchin said he and Trade-Representative Lighthizer may travel to Beijing if talks by phone this week are productive. The WTI future is trading below $60 per barrel and U.S. futures are posting marginal gains. In Europe, the GER30 future is currently slightly higher as are US futures, which UK100 futures are in the red, amid ongoing Brexit jitters as Boris Johnson, poised to succeed as PM next week, puts no-deal options firmly back on the table. Last week’s round of Brexit negotiators was reportedly one of the most difficult encounters of the last 3 years. Meanwhile JP Morgan, Bank of America, Goldman Sachs and Taiwan Semiconductor are among the companies reporting results this weeks. Charts of the Day Technician’s Corner EURUSD has been held between its 20-day Moving Average of 1.1295 and its 50-day Moving Average at 1.1242 since Friday. A 25 basis point Fed rate cut at the end of the month has been priced into EURUSD, and focus now may shift to the ECB, where further stimulus could be in the cards at its next meeting on July 25, keeping EURUSD capped for the time being. USDJPY broke earlier today its 20-day Moving Average at 107.95, after printing 8-session high from 107.80 during the overnight Asian session. The mixed risk backdrop has limited the pairing’s gains since last week, as Wall Street trades on either side of flat, and Treasury yields remain pressured. The July 5 low of 107.76 remains a floor for the asset, while next Resistance stands at 108.20 and 108.50 Main Macro Events Today Average Earnings (GBP, GMT 08:30) – Average Earnings excluding bonus for May expected to slightly increase at 3.2% from 3.1% last month. ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for July is expected to be released at -19.0 compared to -21.1 last month. Retail Sales and Core (USD, GMT 12:30) – 0.2% June retail sales gains are expected for both with and without autos, following 0.5% May gains for both measures. Unit vehicle sales ticked down to a 17.3 mln pace in June from an upwardly-revised 17.4 mln clip in May, and gasoline prices should provide a drag on retail activity given an estimated -3.5% figure for the CPI for gasoline. Real consumer spending is expected to grow at a 3.9% rate in Q2, following the 0.9% Q1 clip. Support and Resistance levels 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.
×
×
  • Create New...

Important Information

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