no contradictions
best trend indicator
- Thread starter luxor
- Start date
no contradictions
their all are just instruments... one have to know how to use them.. there are no magic instrument
====Good luck finding one that is=====
thank you, I found all I need many years ago
So which indicators do you use? I don't want details on your specific strategies, just the names of the indicators you found useful to trade. Thanks.
out of indicators i personally use ema
but it is just the matter of preference it can be something else
imho all indicators are absolutely useful, just like absolutely useful the bag of tools.. for those who know how to use them and those who really need them
one can built the whole house with just an axe, another one will use the whole bag of tools
but both of them will need to know what they are doing.
problem with wanaby traders is not that indicators are not working (everything works in a right hands), problem is that the traders do not know limitations of indicators.. one has to know when put a hammer aside and use a saw...
i do not believe in magical indicators regardless how much they cost and who invented them
i believe in magical traders who use whats available there...
Did you already see magical indicators?
How do you know they are magical?
If they were not good it means they were not magical, but ordinary, or maybe even louzy.
Maybe you did not know how to use them, like you said yourself: problem with wanaby traders is not that indicators are not working (everything works in a right hands), problem is that the traders do not know limitations of indicators.. one has to know when put a hammer aside and use a saw...
I agree with what you said, but it also counts for yourself, not only for all the others.
I only want to say that to me it is very difficult to say what works and what doesn't. I think the correct statement is: what works for YOU, or what does not work for YOU.
We have a saying: Every farmer kisses his wife in his own way.
I believe in a magical indicator, but unfortunatelly just in 1 till now.
for most people nothing works !
nothing at all..
that where idea of some very expensive indicator, that nobody saw and nobody can afford comes form ... this one must work.. but it's not available....or one can not afford it
.. "The fault, dear Brutus, is not in our stars (indicators),
But in ourselves...."
Self overestimation is very dangerous for professional traders. Professional traders know this and will never make that mistake.
90% of all the cardrivers think they are in the top 10%. But mathematical that is impossible. You make the same mistake. Everybody has experience, even wannebee traders or children 10 years old. But the question is: is your experience enough experience to make a valid statement?
You even write impossible things: I do not need to see them, to know they are not there.
If they are not there you cannot see them. You cannot see something that according to you does not exist. So what you wrote makes no sense.
"The fault, dear Brutus, is not in our stars (experience),
But in ourselves...."
Ah, ema. I keep forgetting most regard that as an indicator. I don't because its primary purpose is as a data smoother but yes it can be used as an indicator. Good choice.
But I disagree with most of the rest of your post. Most public indicators are garbage. Your analogy to a toolbox is flawed because an actual builder's toolbox contains a variety of tools each designed to do a specific task and few of the tools do the same task.
Not so with technical indicators. Most of them are designed to the same thing. You don't need twenty different hammers to pound nails, and you don't need twenty different indicators to find trends. Even if one or two of them were up to the task, clearly the rest are not doing as good a job, if they're doing the job at all.
The fact is that the vast majority of technical indicators do not do the job they were supposedly designed to do, no matter whose hands they're in (including their creators' hands). This is why new ones are constantly being invented and revealed in new TA books or TASC articles. It's garbage following garbage ad infinitum.
You don't need dozens of different formulae for finding trends (or ranges or whatever), you only need one very good one. Such formulae ("magical" or not) do exist. They are mostly proprietary and therefore undisclosed to the public. There might be one or two disclosed formulae that, with considerable tweaking, might be adequate. But the notion that everything currently written up in a TA book can, in the right hands, keep a trend trader from being whipsawed to shreds when the chop is dominant is a pipe dream.
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