EU - the blue rectangle is the projected time zone that the key targets is expected to take place.

Time and Price Forecasting

This predefined condition repesents the trader's understanding about price which raw price data by itself is not able to reveal this condition, if it could the derived indicator would not be necessary. Therefore, the indicator is a tool that's ...

Why do traders use so many indicators?

Update - The math formula based tool calculated the future long/short zones prior London open(vertical blue line). Note - a hand drawn discretionary box will normally have connected the last highs, lows and wicks which will generate a different box.

Why do traders use so many indicators?

One final point about day trading EA today. The math formula tool right now says that the higher probability trade is to look for long opportunity.

Why do traders use so many indicators?

I don't trade EA. If you want an exact trade entry I have to spend time to trade it when price reach those zones. I analyse the trade with the complete 5aspects of evaluation(Iwrote in my earlier post on this thread) based on the tools for each ...

Why do traders use so many indicators?

Here is what the indicator based system tells right now. Potential intraday trades indicated by the zones. Those zones are calculated by tools(not supdem or SR indicators) that will update itself with each in-coming tick. The picture shows only the ...

Why do traders use so many indicators?

I offer this explanation. Imho. The market maker or Algo does the job of offering the bid and ask quotes to make market with this underlying objective to ALWAYS balance the market. This MM or algo balancing of the market activity leaves footprint in ...

Why do traders use so many indicators?

I agree with this completely. It's the only analysis about this market maker balancing the market that gives an edge. It happens on all assets day in day out without fail, it's how the market works.

Why do traders use so many indicators?

I made a request to naked chart pure price action traders here. url

Why do traders use so many indicators?

If this assumption is true then all historical data in the form of candle/bar/line and their derived indicators become useless information. Since future market price is independent of past price data. The use of trading charts and any form of ...

Why do traders use so many indicators?

Good question. 2 reasons I can think of, 1. The coding skills and knowledge requirement is beyond the typical retail coder, 2. The retail trading platforms do not support the level of technical requirements for complete automation. The cost of such ...

Why do traders use so many indicators?

The best written to clearly explain the purpose of indicators. The computer today allows for complex calculations to take over our thoughts that's not previously possible in real live market that changes rapidly. These thoughts calculations can be ...

Why do traders use so many indicators?

If candlestick/bar/line chart plus price action alone can show, 1. Direction, 2, Momentum, 3. Levels, 4. Magnitude, and 5. Time There is indeed no need for additional tools. For those pure price action traders, pls demonstrate how this can be done ...

Why do traders use so many indicators?

Gann Squaring Process - EU, GU friday

Time and Price Forecasting

Automation is made up of a bundle of sub-processes that's individually automated. Complete automation requires all sub-processes to be automated first. That's a very difficult level to achieve, probably impossible given the decision making ...

Time and Price Forecasting

Pb, appreciate much if you elaborate more on Gann Squaring Process. TY

Time and Price Forecasting

Brains.

What's the tool that helped you most in trading?

It took me 24/7 8years fiddling with indicators to correctly fit them for them to be useful, real hard work to go through the possible permutations iteration. Breakthrough came when I correlated one aspect of analysis with another, eg magnitude with ...

Digital System Tuning & Optimization

Update

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This is a quality post covering lots of aspects of trading for nubes to learn from. Appropriate to link it here. About RoR and magnitude, that's why I have it on the left corner, referencing how much Market Makers business left for the day.

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