Ok forget I ever said the word "indicator" and replace it with the word "entries" or "timing techniques" this thread is about technical analysis as a whole, not just indicators indicators were just the easiest to pick on

The Ultimate Fallacy in Technical Analysis

thank you DT, I made the corrections... as you can tell I know very very little about how cars work lol

The Ultimate Fallacy in Technical Analysis

Yes, I call that the newbie cycle.. one of the reasons most people are doomed to fail at trading is they never stick consistently to one set of trading rules or plan. They, like you said, lose confidence in how they are trading because they ...

The Ultimate Fallacy in Technical Analysis

Everyone I think is missing my point.. I am not trying to say you have to know the math behind each indicator you use or be able to decipher the computer code that tells the indicator how to function.. All I am saying is to often traders will throw ...

The Ultimate Fallacy in Technical Analysis

my pleasure

The Ultimate Fallacy in Technical Analysis

It does not matter if you can calculate the math behind stochastics or MACD. That is not what I am trying to get at here. It makes no difference at all whether you can do the math yourself or have a computer do the math, and as was stated before, ...

The Ultimate Fallacy in Technical Analysis

good stuff I believe in some of the principals behind fib retracement levels. But I believe more in just.. well.. retracements The problem with fib levels are there are so many of them. So in a sense, it has to be proven correct at some point during ...

The Ultimate Fallacy in Technical Analysis

im right there with you.. vista is awful....

The Ultimate Fallacy in Technical Analysis

Gadgets do not constantly change and evolve. If the interface that the manufacturer set up so you could communicate with the gadget could stop working at any given moment wouldn't you want to understand the gadget at a more logical level to make ...

The Ultimate Fallacy in Technical Analysis

its merely my opinion

The Ultimate Fallacy in Technical Analysis

No, facts are indisputable.

The Ultimate Fallacy in Technical Analysis

The ultimate fallacy in technical analysis is that people do not understand how their indicators work, and if you can not figure out the logic behind what the indicator is telling you, it should not be used.

The Ultimate Fallacy in Technical Analysis

There are plenty of people who use indicators successfully. That is undebatable. Indicators would simply not exist if they had no value. The problem is that people do not truly understand for what purpose an indicator (whether is be bollinger bands ...

The Ultimate Fallacy in Technical Analysis

....yea ok — well, I gotta say.. I love it when everyone gets so fired up indicators are basically the definition of lagging information, yes, but so are candlesticks. They represent historical price action, and unfortunately there is still a ...

What Is the Best Indicator?

did the same exact thing this week.. on the AUD/JPY, but I was up around 500 pips by the end of the trade versus being down 300 pips.. not to shabby

Adding to losing positions

I think averaging is one of the most intelligent entry techniques.. think about this: you will almost never get a perfect entry.. the market usually drops 10, 50, and sometimes even 100 pips after you open a position, and unfortunately for you.. its ...

Adding to losing positions

just seemed like the market sold off way to fast and way to hard for it to be anything but.. then again I could be wrong. Like you said, its just a guess

Intervention?

Bhale, Not to come down on your system, but it just doesnt seem logical to trade for a variety of reasons.. first off.. you say you aim for 5 pips, well even if you had a 1:1 RR then you still would be on the losing side of things in the long run.. ...

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