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As you know by now I dont use indicators but I have tried a few. Im interested to know what your favourite indicators are and which ones you think are a total waste of time. This doesnt need to turn into an argument on whether indicators work or not, Im just interested in your opinion and...

Well now you see thats the key. Im not interested in individual candles, volatility patterns, volume profiling , orderflow pulling/stacking/icebergs ... the list is endless. All that stuff is just the same thing over and over but in different conbinations. One gets stuck seeing a lot of trees...

Now youre talking. Looking at indicators is a form of pattern recognition in itself but only adds more complexity. Why on earth someone wants to add more processing steps to something that can be dead easy is beyond me. When you look at the clouds your brain automatically pattern matches...

Haha I find that with a lot of books. This candle means this and that candle means that and this chart from 2 years ago proves some point .. blah blah fishpaste. You're not going to learn it from a book.

No I dont think it has anything to do with your education. If you are buying a strategy then yes it is imperative that you see the results.

I concede this point. However...if my accumulated data tells me I have a 0.6 expectancy (not win rate) then I have a quantifiable edge. It means that for every $10 loser, I expect to make an average of $16 on my winners. So the random aspect of each individual trade becomes irrelevant.

No, but there are high probability ones. Thats why you keep it simple and stick to a method because its the only really efficient way to monitor progress. How do you fix something when the thing youre doing is so complicated that you dont even know where to start troubleshooting?

How do you define an edge? Being right or wrong does not define your edge. Im wrong, a lot. But I still make money. One aspect of this thing called an edge is whether you can take the heat in a drawdown. Lets say you lose 8 in a row, get to 20% drawdown and now you're shitting yourself. Doubt...

This is actually quite interesting to observe. Excellent points made on both sides. On one side we have the enthusiastic (at times rabid) defenders of indicators, on the other side we have the mystics talking about this holy grail called an edge, and then a few outliers that brush it all off...

I was just trying to say that I listen to what the market tells me without the need for a translator.

Are you smoking something? How on earth do you get a +expectancy without proper management? How do you think you get the edge in the first place?Discipline and management first and profits will follow.

Well you see thats the part that gets me. Lets say we are both fluent in, and conversing in english, why would I insist on having 3 other people present to 'translate' what you are saying to me? Before I am allowed to respond to anything you say, I must first make sure that the other 3 chaps...

Huh? You dont quantify an edge from candles. Your edge becomes apparent after hundreds of trades. Your trade data will tell you what your expectancy is and provided it is positive - you have an edge . If you dont have a +expectancy then you have work to do on your method. Your method is...

And the more you try to control it the more chaos you create! Entropy - third law of thermodynamics everything gets hotter! Because price has random movements and our minds need to categorise and make sense of things, we attempt to control it and understand it by putting all sorts of indicators...

Ok. Im going to google that and look into it. Im going to educate you on my point of view. Youve heard of irreducible complexity? Well, if you remove everything from your chart you will get to a point where you are unable to go any further, all you will be left with is the raw data. Price. And...

I dont want to ignore you! You are interesting to talk to. Im happy to be educated but you dont want to teach me! Where do I start or what must I do to better understand your point of view?

I dont care what you believe my friend :)

You get really emotional talking about indicators. Why?

When did I say that?