Is it just me or all indicators work?

Market Addict,

the indicators you are talking about are not really "strategy/system" indicators, but quantitive tools used to further judge the market. To detect trend, one of the things you must need are these indicators. Yes, you can trade them, such as MA crossovers/support and resistance/Stolchastics.

We all loose money as beginners, but considering money can be made by combining risk management with glorified guessing, or trading off of basic indicators, makes it difficult for me to accept why so many loose in this game. Maybe part of it is the total utter lack of hope and responsibility most Americans (and people worldwide) have...
 
Quote from shopster:

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4 trading computers
24 screens

4 i7 laptops for order entry
spread out over 3 floors.

custom written software to email the crack berry.

here is a digital tigers box running 16 flats
10 are turned on.

all currency, all tech. trading.

cheers,

s
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Nice set up

Gee.Your indicators spoil the image.IMHO
 
Gee....Your indicators spoil the image.

................................

sorry 'bout that.

trading with dark flats is non productive.....:)

this one shows scale , 120 inches wide.


s
 

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Quote from jack411:
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I thought you had a good response. A lot of noobs who ask questions about the holy grail, etc should read your response. It really is a crapshoot what'll work for each individual, which makes trading so interesting.
 
Quote from MarketAddict:

Now I haven't tested out my theory yet, but I think most indicators will work only if you can Identify the trend or the direction of the market. MA crossovers, macd div, rsi, etc. Even trendlines, double bottoms and top, pin pars etc.

I truly believe all of this stuff works if you can IDENTIFY where price is heading. I think most people that say indicators don't work are the same people that can't read price action right. The ability to read price action first I believe is the key.

Am I the only one noticing this stuff?
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Good points, MA ;
but not the RSI,LOL:D You may know more than me;
what is a MACD div.???LOL

Also A 200 day moving average[200MA] is still quite helpful;
even though laziness with any trading plan may hurt-ouch:mad:

No, i dont believe in using any indicator in mindless/ mechanical way;
even though its possible one could use a RSI in a mindless profitable way , in a good trend :D . But good trends are blessings ,its not the RSI.LOL

Also , mr MA,i prefer MA overa MACD- simply, its closer to price.It maybe the same info........................................................ If a trader/investor is using MACD with profit, more power to you.:cool: Wisdom is profitable to direct
 
Quote from MBC:

Trying t osee the value in it, could you explain- thanks!
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If you are trading multiple markets and placing 20 trades per instrument daily ,it is time consuming to look at 15 to 20 different variables and calculate the strength of an instrument every few minutes.There is a lot more mental energy exerted into the trading , instead of calculating or looking at 15 different price actions constantly.
 
Here is the difference between the multi time frame filter indicator and a stochastic on the 15 min.

The multi time frame is hovering below zero and minus 30 , with a bias to sell.The 15 min stochastic is all over the place , they can be useless.
 

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What I have noticed is that it is very popular to bash indicators and there seems to be a lot of pride involved when people claim that they are price action traders and how indicators are worthless.

I currently do not use any myself, maybe I should? I can see how they could have value and I try to keep an open mind and keep my ego in check.

Not always easy. :)
 
Quote from Laissez Faire:

What I have noticed is that it is very popular to bash indicators and there seems to be a lot of pride involved when people claim that they are price action traders and how indicators are worthless.

I currently do not use any myself, maybe I should? I can see how they could have value and I try to keep an open mind and keep my ego in check.

Not always easy. :)
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Yes.

The most indicators are basically the same.
You can set the parameters of them so that they all look like the same.

The question is, what do you wanna see with your indicators ?

Most people cant even imagine how complicated and complex technical trading really is. Of course we technical traders only use indicators, but in a way you would never think about.
But we also do look on other markets to see what is going on and see if correlations are working or not, to identify where the big money will probably be in the next timeperiod, because thats where i want to be.

Its a Matrix. Its all about pattern in pattern in pattern.
In timeframes in timeframes in timeframes.

Of course its difficult, but after all, only statistics can give you a clear answer, and then it becomes easy, but only in the aspect that you can identify the rules how to trade.

The discipline to trade that rules is another quest.

When you talk about indicators i can tell you statistics are the answer. Test all of the indicators with all possible parameters on all possible timeframes and see what you can identify.
Search for patterns and work out the best of them with your statistics.

Its a lot of work. But you only have to do it one time in your life.
Once you found something very good, you can fix the little bugs on it, and make it so perfect how it can be. Then its ready for real trading.
 
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