What Is the Best Indicator? - Page 3
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Thread: What Is the Best Indicator?

  1. #21
    Quote Originally Posted by ;
    It's the other way arround, Candlesticks are shaped by price movement then you watch them on the charts. Of course when you find a candle that is the accion of this buying and selling in that instant.
    Thanks for the sanity test, Carrera. When I had been the only person who spotted what appears like a simple and entirely forgivable transposition mistake on the part of, I started to wonder. I'm guessing that is completely cool and english is not his first language. Of what makes FF awesome part is its worldwide community.
    Quote Originally Posted by ;
    you said it, you're too thick to understand what Im saying.
    Okay, I have never been accused of being the sharpest knife in the drawer so perhaps, as a 1KT, you would be so kind as to express yourself a bit more clearly so that we simple folk could gain from your experience.
    Quote Originally Posted by ;
    When was the last time you started a chart and watched 1 candle? Graphs show a bunch of candles that show the price action of a currency.
    I have no idea how the 1 candle comment has any significance whatsoever to this discussion. I do agree with your comment that is not what you mentioned in your previous post although I have emphasized in bold.

    Let us take another look at post #5 of the thread.
    You said:
    Quote Originally Posted by ;
    p.s.- candlesticks aren't shaped by price movement, but vice versa, the price movement, or if you would rather, the movement of price is shaped by the candlesticks. On a graph.

    best regards.
    Now, I may be a dumbass but I do possess adequate reading comprehension skills. I have read this a couple times trying to squeeze some sense out of it but it keeps coming up dry. What are you trying to get across here? I would honestly like to know.

  2. #22
    Quote Originally Posted by ;
    Thank you for the sanity check, Carrera. I started to wonder if I had been the only person who spotted what appears to be a forgivable and simple transposition error on the part of. I'm guessing english is not his first language and that's completely cool. Of what makes FF awesome part is its own community.
    Ok, I've never been accused of being the sharpest knife in the drawer so maybe, as a 1KT, you'd be so kind as to say yourself a little more clearly so that we simple folk could gain from your experience.
    I've no clue how the 1 candle comment has any relevance whatsoever to this discussion. I really do agree with your comment I've highlighted in bold but that's not exactly what you mentioned in your previous post.

    Let's take another look at article #5 of this thread.
    You said:

    Today , I might be a dumbass but I really do possess adequate reading comprehension skills. I've read this a couple times trying to squeeze some sense from it but it just keeps dry up. What are you trying to get across here? I would like to know.
    Why would you continue to deliver up the 1KT issue? I might not understand much english, but I really do understand the term JEALOUSY!!

    I will reply your query, with a query.

    Which are the most trustworthy time frames?

    Ill also give you the response:

    The more time frames!

    More time frames comprise of many candles, which show that the price action or the'rhythm' the currency flows in, a single candlestick cannot show price action.

    A single candle shows price, yes, but for a particular moment in time. I guess you could say that if you sum up many of these'minutes', you get the price action of this currency.

    So, this is why I say, that price action rather than candles/bars is the only real time indior.



    btw, welcome to the club!

  3. #23
    Quote Originally Posted by ;
    Candlesticks (and bars) are graphic representations of price action displayed on a chart.
    From the time they're exhibited the actions has already taken place. Therefore, the best indior won't be quite as much about what the chart is currently displaying however, also the interpretation of price behavior around what it is diplaying....trickish.

    That is why we can give exactly the exact same chart to two individuals and have two distinct results due to different perceptions of what the market will do next. That is okay because the market just offers buy or sell behavior there will not be a market.

    It is our capacity to translate price actions around patterns shaped and at the ideal time that things. Unfortunatelly what is currently lacking in analysis is time variable - timing/observations of price behavior around shaped chart patterns. As we know you will find time to buy and time to sell, and the time to wait for market to open, and the time to depart market once it closes. This explained why we may view on our chart an indior showing buy, but as soon as the actual period comes (session open) this may change simply because it isn't time to buy.

    In this exact same vain, that is why we may see a fantastic strong sell or buy sign but soon disappeared soon after market closes and hoping the trend will resume the following day. In most cases, the behavior may have changed by the time market opened.

    My best indior therefore is correct interpretation of the behaviors of price around patterns formed on the chart at certain time of the day. There are no symbols or measurements of showing how price will respond to already shaped pattern except to observed it yourself why the activity is taking place.

  4. #24
    Quote Originally Posted by ;
    why do you continue to bring up the 1KT problem? I may not know much english, but I really do know the term JEALOUSY!!

    I shall answer your question, with a question.

    Which are the most trustworthy time frames?

    Ill even give you the response:

    The more time frames!

    More time frames comprise of many candles, which show the price action or the'rhythm' that the currency flows in, a single candlestick cannot show price action.

    One candle shows price, yes, but to get a specific moment in time. I guess that you can say that if you sum up most of these'minutes', you receive the price action of the currency.

    Sothis is why I say, that price action and not candles/bars is the only real time indior.



    btw, welcome to the club!
    As a native English speaker I will run a public service and moderate this debate for you;
    Unfortunately it is you who's at the wrong regarding the essence of candlestick formations.
    If I sound like a pompous git then great, I'm trying to. Alas I think I shall be doomed to failure, at the surface of the 1KT virus that is dreaded, in that section.

    Regards,

    Ed.

  5. #25
    There's but 1 indior that really works precisely and all the time with no lag, but sadly it is not free.
    It's the PL of the open positions.
    The entire secret of making money with trading would be to pay this indior the ideal amount to make your business profitable.

  6. #26
    94831For me, it's gotta be flat levels of support/resistance.

  7. #27
    94830Nothing is exactly in this market, but you might be profitable when you combine candlestick pattern formations.

    Candlestick show you when a trend is getting weak and a posible reversal is comming shortly or even a continuation of a strong move. When you include harmonic pattern recognicion or other indiors that you know then it's a good oportunity to make pips. Greed always f***K any good analysis that you had made.

  8. #28
    94830
    Quote Originally Posted by ;
    As a native English speaker I will run a public service and moderate this debate for you;
    Unfortunately it is you who is at the incorrect concerning the essence of candlestick formations.
    If I sound like a pompous git then great, I am trying to. Alas I believe I will be doomed to failure, at the surface of the 1KT virus that is dreaded, in that department.

    Regards,

    Ed.
    Thanks, Ted. I love it the debate is finished.

    When I run across a theory I don't fully understand, I have a tendency to hammer away at it until I can make it my own. I thought as it turns out, I was being introduced with something new. Oh well, the quest for knowledge is never ending.

    I continue to study the intricacies of candlestick patterns as I think they contain 99 percent of the info required to trade successfully. They signify PA far more straight than indiors. In conjunction with more than S/R lines and an eye on news, I've enjoyed great results. But that's me. There are traders who are very successful with indiors and I say more power to them!

    1KT standing doesn't confer any special abilities or super-human trading skills but it will (or should) exude a sense of responsibility. I see it as a BS filter. A means of helping us noobs (me in particular ) separate the wheat from the chaff when we ask questions or need guidance. It is not 100% effective, of course, as evidenced by particular comments stered through the forum however I nevertheless find it helpful having a clue who has experience and who doesn't.


    , thank you for the efforts at clarifying your comments. I've got your number.
    GL and GT.

  9. #29
    If you could have one indior for the rest of your trading life, is SMA 1, 94830The indior.

  10. #30
    94831
    Quote Originally Posted by ;
    1KT status doesn't confer any special abilities or super-human trading abilities but it does (or should) confer a feeling of responsibility. I see it. A way of helping us noobs (me in particular ) separate the wheat from the chaff when we ask questions or need advice. It is not 100% effective, of course, according to nonsensical comments stered throughout the forum but I find it helpful having a clue who has experience and who doesn't.
    You are right, not 100% effective.

    Doesnt fall into this egory as may be observed by his postings in the cable thread. Example: lt;News about to be published in the next 10 minutesgt;: GO LONG STAY LONG CABLE!!! IT IS AFTER HOLIDAY NEWS WILL BE GOOD!!!! Lt;Cable drops 150 pips on ideal PB setupgt;

    Not very responsible.

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