The reason I dont use any indicators

[Xela]

Everything other than price itself used to place a trade can be considered an indicator. What is wrong with that?

I don't think there's anything "wrong" with it, at all, but equally clearly it isn't quite most people's everyday understanding and meaning of the word, in this sort of context.

 

[SunTrader]

I don't think there's anything "wrong" with it, at all, but equally clearly it isn't quite most people's everyday understanding and meaning of the word, in this sort of context.

Most ... lose.

I don't think there is much disagreement with that, is there?

 

[Xela]

I don't think there is much disagreement with that, is there?

Surely no real disagreement about that?

 

[Cswim63]

The thing most of these science guys miss is that we all trade the market that exists in our mind, not the actual market. If you stop to reflect on this, you may start to see how much your (my) own subtle beliefs about reality affect decision making. That happens on the grand scale as well. I think for example that it is difficult for many to buy strength and sell weakness because of the way we are conditioned. So intuitively there should be an edge there, and I don't see how you can survive without doing it. More and more I see how my relationship with the universe affects my trading. People who win behave differently than people who lose, and that's my favorite indicator.

 

[Cswim63]

everybody uses indicators. indicators are all forms of presentation of information that can be used. indicators are indicating something, so watch the order book is an indicator, watching pricecharts are indicators, MA, RSI... are indicators. even watching the moon might be an indicator.
everything a trader uses as information in any form is an indicator. there are however different forms of indicators but that is the visual side of the story, not the essence. the visual side is only important to translate the indications you generated in a readable form. can be charts, patterns or anything else.

so this thread is useless as everybody in fact uses the same things, but they are not conscious about it. in fact they discuss only the way the indication is presented to them, not the underlying.

Well said. Actually you want traders to be as unconscious as possible and still be able to push buttons. Unless of course you have a subconscious desire to give away your money, which many seem to have. I do use the moon as an indicator, especially when full, but not as much recently.

 

[schweiz]

That would be correct and real. Time is an indicator - that most traders ignore. But that wasn't your intention was it?

Everything other than price itself used to place a trade can be considered an indicator. What is wrong with that?

thinking out of the box can make a huge difference in trading. but most people don't do that and most don't realize they don't. i go in general far beyond what other people do when using logic. that's when you can discover new and interesting things. you will discover paths nobody ever found before. you will also run into failures, but that's part of the game.

 

[Cswim63]

thinking out of the box can make a huge difference in trading. but most people don't do that and most don't realize they don't. i go in general far beyond what other people do when using logic. that's when you can discover new and interesting things. you will discover paths nobody ever found before. you will also run into failures, but that's part of the game.

Example?

 

[schweiz]

Well said. Actually you want traders to be as unconscious as possible and still be able to push buttons. Unless of course you have a subconscious desire to give away your money, which many seem to have. I do use the moon as an indicator, especially when full, but not as much recently.

confidence keeps me in a trade till i should get out according to my system. when i started to trade my brain and automatical reflexes sabotaged my trading. i kicked off from this and (try to) use cold non-emotional but extremely rational reflexes, which were unnatural at the start. losing traders got stuck in the self destroying natural reflexes we are born with and that are bad for trading.

 

[Grantx]

That happens on the grand scale as well. I think for example that it is difficult for many to buy strength and sell weakness because of the way we are conditioned

Yeah its hard for me. Why?

 

[Cswim63]

Yeah its hard for me. Why?

Why what?