The best and worst indicators

Handle123 said:
There is no best or worst and when I read this I see "lack of knowledge"
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You really are not very smart, "What is best is whatever will make profits and least losses for you" which is exactly what I said in the conclusion. See to the illiterate crowd are coming out of the woodwork again after a few month hiatus. Very good.
 
birzos said:
You really are not very smart, "What is best is whatever will make profits and least losses for you" which is exactly what I said in the conclusion. See to the illiterate crowd are coming out of the woodwork again after a few month hiatus. Very good.
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Oh, excuse me, I didn't know the forum and earth, moon and stars rotate around you, you must be a Malaka.

 
Handle123 said:
Oh, excuse me, I didn't know the forum and earth, moon and stars rotate around you, you must be a Malaka.

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So you're illiterate and have no contextual analysis skills, no wonder you have so much time to make 1,000s of posts, explains your drivel, my apologies, lack of educated responses.
 
Handle123 said:
There is no best or worst and when I read this I see "lack of knowledge", whether it is Ichimoku Kinko Hyo or fibs, Bollinger Bands, geometric design, reasons they work is a called "following" and following produces volume, and volume pushes the market. Price action works cause many use, there is nothing special of some line along the lows or highs unless a ton of people put then money at risk there and if there are hedge funds who stick out then tongue and say we pushing through, they will win. None of it matters cause the ONLY thing you can somewhat control is risk management and yourself.

What is best is whatever will make profits and least losses for you. Ten or twenty years from now, what you once thought was crap, you might change your mind.
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I think what you are trying to say is that all these strategies and methods are self fulfilling prophecies. These things work because they have so many ardent followers. I agree with that.
 
Grantx said:
I think what you are trying to say is that all these strategies and methods are self fulfilling prophecies. These things work because they have so many ardent followers. I agree with that.
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So it works, fascinating.

1. Discredit the original post "lack of knowledge" taking the first swipe
2. Copy the context and reword slightly, the plagarist
3. That's normally it, most posters then give up, rinse and repeat until the plagiarist, who has nothing original to say, has thousands if posts
4. Occasionally a poster will fight back, the plagiarist then continuously doubles down, The Martingale masquerading as s the logarithmic curve, until the poster gives up and the plagiarist receives the credit

@grabtx no offsense to you as you're probably just trying to learn, but you fell for it, that's how you will lose your capital.

I believed in the value of ET, @Baron the education level on the site has now fallen below sustainable. You have to know when to abandon a sinking ship.
 
birzos said:
I believed in the value of ET, @Baron the education level on the site has now fallen below sustainable.
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Im not sure who youre having a dig at - me or him?
I have come to this site because trading is boring. Im really just looking to engage with people, if I get blasted and flamed then I will be one happy little chappy. It can get boring when everyone is being polite and PC and agreeing with one another about whats right and wrong in trading. When someone disagrees and has a strong point of view then I want to hear that person speak.
 
Grantx said:
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 reasons for using a particular tool. If you have an opinion then Id love to hear it because I am always ready learn something new from more experienced traders. The only rule is that for every negative opinion, you must have something positive to say about something else.

Here is my list starting with the worst ones.


Top 3 worst indicators:
3:
MACD: Convergence divergence something or other.
Usage: Apparently good for trends but sucks balls in a range.
Comment: Totally useless when the market ranges which is a lot of the time.


2:
Swing indicators: Draws a straight line joining swing high and low points.
Usage: Helps you identify ranges and trends by highlighting swing points
Comment: Im am going to be the ultimate lazy retard and get something to draw a line peak to trough because I can’t be bothered to simply look for myself.


1:
Bollinger bands: A moving average with standard deviation bands.
Usage: Scalping channel breakouts and contracting/expanding channels indicating price volatility.
Comments: This pulsating intestinal tube goes against every common sense rule I can think of. By the time price breaks out of a channel it is already too late to enter the trade. Just as useless as a moving average.



Top 3 best indicators:
3:
Unirenko bars: More of a bar type but it has built in indicator.
Usage: Cuts out a lot of ‘noise’ and makes the charts easier and more meaningful.
Comment: The reversal bars are great indicators for scalping continuation trades.


2:
Straight line.
Usage: Identifies swing points and big round numbers.
Comment: Draw a line at a point that interests you and set an alert. This awesome tool enables you to occupy your mind with something else instead of suffering a mental seizure from watching every tick of the chart.


1:
Ichimoku Kinko Hyo: All in one package.
Usage: At a glance trading. No more having to look to the left, this package does everything for you.
Comment: Tells you trend, momentum and areas of support and resistance in one go. If my brain could cope with all the colours and imagery I would definitely be using this on my charts. Combined with renko bars this package can be very powerful.
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Going to sound a little rude, but if you're using indicators you aren't ready to be a professional.

There are edges available, you just need to read a billion pages to find them.
I've got two you could find if you dedicated yourself. Yes, I do trade for a living.
No, I do not sell education.
No, I will not tell you.

Since I'm free and I've got time...
Read everything Richard Werner has ever written. Once you understand that, read SEC 15C3-1. If you can connect the dots, you deserve to trade. If not, stay invested in the S&P and only look at it in twenty years.

But, what do I know?
 
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