Is it just me or all indicators work?

Quote from wrbtrader:

Very carefully, think about what your saying.

If you can IDENTIFY where price is heading and can read the price action...why would you have the need to use indicators. :cool:
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Bcuz at any moment in time, your brain processes information about what its seeing( like on a trading screen) you have a certain part of the brain called the frontal temporal lobe(ever heard of it?) which at its own discretion can inject emotional/impulsive signals thru out your brain which may cloud your response to what you're seeing on the screen, thus potentially interfering with your intent to think purely mechanically when pondering a physical response( buy or sell or not trade at all).

Indicators, when used properly, give you that " purely non emotional, purely mechanical second opinion" on what price is doing.

I discussed trading and mechanical thinking processing with my brother in law for hours during Xmas, he is a renowned neurologist and head of neurology at U of Kansas City Medical Center.
 
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,
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ok, so say the trend is up, we have a MA crossover for longs and then another one for shorts.. does it mean the up trend is over?
there IS no trend ... as plain as that , with stress on the verb 'IS' ..
how about we put it like that - find a trend in the past /easy to spot on a chart/and play your indicator accordingly :)

i woudn't...
 
Quote from southbeach4me:

Bcuz at any moment in time, your brain processes information about what its seeing( like on a trading screen) you have a certain part of the brain called the frontal temporal lobe(ever heard of it?) which at its own discretion can inject emotional/impulsive signals thru out your brain which may cloud your response to what you're seeing on the screen, thus potentially interfering with your intent to think purely mechanically when pondering a physical response( buy or sell or not trade at all).

Indicators, when used properly, give you that " purely non emotional, purely mechanical second opinion" on what price is doing.

I discussed trading and mechanical thinking processing with my brother in law for hours during Xmas, he is a renowned neurologist and head of neurology at U of Kansas City Medical Center.
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I agree to some extent, but it's only a valid argument if one is reacting to price without any planning. I constantly model different scenarios in order to know what to do when price reaches a certain level. Sometimes the unexpected happens, and then I stay out.
 
Quote from MarketAddict:

I truly believe...
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Very few people care about your beliefs. People care only about that which you can proove.

Do you have any proof?

Most institutions look at indicators because they want to know how retail trades and kick their butt.
 
Quote from intradaybill:

Very few people care about your beliefs. People care only about that which you can proove.

Do you have any proof?

Most institutions look at indicators because they want to know how retail trades and kick their butt.
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i saw indicators in a movie
 
For me, most of the time, they are simply indicative of price action and can help you see that better.

Are they predictive? Only to the extent that the current price action and trend are.

And in a crazed news driven environment, don't become overly dependent on the technicals at all.
 
Indicators do work on the longer time frame , but you gotta know how to use them.

This custom indicator is a multitime frame indicator using a combination of trend lines, price action ,price ,stochastics on 15 min,30 min ,1 hour and 4 hours.

I can see everything on one indicator .It is pretty useful.When indicator is moving up I am long and when it is moving down I am short.

These cost around $500 to code.
 

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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, bollinger bands, 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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Once you identify the trend w/o the indicator why do you need the indicator?

Forming candlesticks are my "indicators".
 
Quote from oilfxpro:

Indicators do work on the longer time frame , but you gotta know how to use them.

This custom indicator is a multitime frame indicator using a combination of trend lines, price action ,price ,stochastics on 15 min,30 min ,1 hour and 4 hours.

I can see everything on one indicator .It is pretty useful.When indicator is moving up I am long and when it is moving down I am short.

These cost around $500 to code.
More...

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oilfx

nice indy.

no website for mqlpro.com

where r these guyz........?

pls advise.

s
 
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