To you his posts is arrogance. To others they are lessons. FREE lessons that one might have to pay for. It all depends on the person reading this thread.

Why do traders use so many indicators?

Here's what I think about this thread. You started this thread that specifically put indicator traders on the line with your title. Your first post contains a mocking picture of how indicator traders chart look like. This automatically caused a ...

Why do traders use so many indicators?

Are you recommending a short trade now or a buy at 1.07 ?

Why do traders use so many indicators?

In Vegas after 10 reds bet black. How do I know ? Experience. Stare at the history board long enough you know when black comes. That's naked chart gambling in Vegas. They win millions this way. Experience. In bacarrat the casino provides the main ...

Why do traders use so many indicators?

Imagine you do a major operation without the help of CT scan and other sophisticated equipment.

Why do traders use so many indicators?

If I understand correctly, targets are institutional stop loss. How do we know where institutional traders place their stop loss ? This assumes that institutional traders put their stop loss in about the same place, there is somehow some coordinated ...

Why do traders use so many indicators?

Let me try phrase it correctly. How does a trader identify a target ? How do we define a target ? Simply put, what is a target ?

Why do traders use so many indicators?

Can you demonstrate targets on a chart ? I asked the same from TimeTells

Why do traders use so many indicators?

Are you now suggesting that you know the time when price approaches identified targets in archive ? You have to regularly check current price against archived targets, am I wrong ? Unless you also know the time that price hits target. That's a ...

Why do traders use so many indicators?

That has to be the tallest claim of them all - 100% WINS.

Why do traders use so many indicators?

The target is identified in 2017 kept it archived together with the rest of the identified targets. That's 3years ago. Imagine the archive list of targets built over the years. Yes the watching might be a few weeks. But the target exist 3years ago. ...

Why do traders use so many indicators?

If you can demonstrate targets on a chart then it might be meaningful. Else it's just another TERM for support resistance or supply demand.

Why do traders use so many indicators?

I can't imagine he waited years to watch this happen, he must have great patience - that's a virtue. If anyone wait long enough anything and everything will happen.

Why do traders use so many indicators?

J12, this is a trading discussion thread. For traders to communicate with fellow traders. You are suggesting a rule on FF that participants of such discussion is first required to post a trade explorer before he is allowed to post. Does it make ...

Why do traders use so many indicators?

To be clear I wrote, Moodybot suggested that the price is drawn by an algo. I agree. I analyse this algo with math based tools. I trade manually based on these tools. I don't do algo trading. I wish I could. I admit I am not smart and skilled enough ...

Why do traders use so many indicators?

I asked this question much earlier in this thread. url I assume you trade naked chart with hand drawn lines. Can you demonstrate on your naked chart, 1. How you read direction ? 2. How you read momentum ? 3. How you read reversal or continuation ?

Why do traders use so many indicators?

This is where opinion differs. Manually hand drawn lines versus math based tools. Do quants use hand drawn lines ? Quants is the future of trading. They are already here. You wrote a central algo is behind price movement. I agree. You use hand drawn ...

Why do traders use so many indicators?

Is there any proper research done to prove if this is true ? If this is true as you claim then this is the basis where a edge naturally exist on the chart where reverse or bounce occurs more often then on any other random spot on the chart. Can you ...

Why do traders use so many indicators?

YES, YES and YES. It's insane to think otherwise.

Why do traders use so many indicators?

Take a look at the forum threads. You find plentiful of charts with lines drawn on them. They believe those lines represent future support resistance or supply demand whichever term you wish to use. They wait the whole day until price moves to the ...

Why do traders use so many indicators?