Keeps things simple and keeps from form-fitting!
Thoughts?
Adding an indicator to an indicator 11 replies
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add indicator to an Indicator 4 replies
DislikedIt seems like this is good thinking and good in practice, too.
Keeps things simple and keeps from form-fitting!
Thoughts?Ignored
DislikedThe key is to use the concepts evident to almost all participants, but trade them differently than the average trader.Ignored
DislikedIn a nutshell, the success or failure of an indicator is based on the number of people looking at it....Ignored
DislikedIt all depends on how you look at indicators. If you view them as a self fulfilling prophesy then your reasoning is corect. I however find it difficult to believe in the self fulfilling prophesy of the indicators especialy when it comes to forex. The chance that in the huge forex market you would have enough traders looking at RSI with the same settings or MACD with the same settings and generate enough order flow to move the market is ridicoulos. There is no one single indicator (default settings or not) capable of generating order flow. When those...Ignored