What Is the Best Indicator? - Page 2
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Thread: What Is the Best Indicator?

  1. #11
    I think news quite great....
    But because the entire world will view it,... well... fundamental anyhow,
    rumor works occasionally...

  2. #12
    That would be the best indior, if your earning money.



    Ken

  3. #13
    Support, resistance lines.

    Dont know wth this keep working over and over again.
    Its like when currency movements were only controlled by traders, banks, financial institutions and not by regular men and women.

  4. #14
    Quote Originally Posted by ;
    Yes; traders don't know the candlesticks as indior. This is the name I use for them. They are the indiors of the price scenario and they give a lot of information about the next movements that other indiors can not give.
    Actually, Candlesticks remove a lot of info. They are a filter. They simply reveal OHLC for any particular time period. They reveal very little about price movement between the open and close.

    As for what they tell you about price position and future movements, that depends upon your own understanding, interpretation, and bias.

  5. #15
    Quote Originally Posted by ;
    I didnt say that the price action is LIKE the RSI, you misread. I said the bar/candle that's used to assess the price action, could be compared to. The bar/candle is merely a tool for quantifying this price action and isn't the indior. Sorry for any confusion.
    Let's start with this; candlestick display the open, high, low and closing values for every time period that you want to display. The association between close and the open is considered info and forms the character of candlesticks. Hollow candlesticks, where the close is greater than the receptive, indie buying strain. Filled candlesticks, where the close is less than the open, indie selling strain.
    The benefit of candlesticks is the ability to highlight trend weakness and reversal signals. So is indiing some thing, or not?
    Candlestick don't involve any calculation however for sure is an indior of demand and supply at any period of time that you could use to make a desicion when combine them together with candlestick patterns.

    Quote Originally Posted by ;
    p.s.- candlesticks aren't formed by price movement, but vice versa, the price movement, or if you would rather, the movement of price is formed by the candlesticks. On a chart.

    best regards.
    It is the other way arround, Candlesticks are formed by price movement you then see them on the charts. Of course when you see a candle forming, that's the accion of the buying and selling at that moment.

  6. #16
    Quote Originally Posted by ;
    Is this some sort of closely held 1KT secret? Or a joke? Or am I just too thick to comprehend what you're saying? Candlesticks (and pubs ) are graphic representations of price action displayed on a chart. As price fluctuates, the setup of the candle/bar alterations, not the other way round. Price increases, candle/bar moves upward; price decreases, candle/bar moves down.

    This really is one of those fundamental tenets of specialized market analysis that I thought I understood reasonably well. Not.
    And all this time that I was under the belief price movement was formed by the market!
    it, you're just too thick to comprehend what Im saying. When was the last time you opened a chart and saw 1 candle? Charts show a bunch of candles that show the price action of a currency.

  7. #17
    Quote Originally Posted by ;
    Actually, Candlesticks remove a lot of information. They're a filter. They only reveal OHLC for a time period. They reveal very little about price movement between the open and shut.

    As for the things they tell you about price position and future moves, that depends upon your own understanding, interpretation, and prejudice.
    Filter? ....Candlesticks or bars are merely a pictoral representation of this range that price moved inside throughout a given time frame.

    You could step a TF or 2 and see a lot of what is happening between that open close for the TF you are taking a look at.

    Not sure what your point is here?

  8. #18
    Quote Originally Posted by ;
    Let's start with this; candlestick exhibit the open, high, low and closing values for each time period that you would like to exhibit. The association between close and the open is considered vital information and forms the character of candlesticks. Hollow candlesticks, where the close is greater than the receptive, indie buying strain. Filled candlesticks, where the near is less than the available, indie advertising strain.
    The benefit of candlesticks is the ability to highlight trend weakness and change signs. So is indiing some thing, or not?
    Candlestick do not involve any calculation but for certain is an indior of demand and supply in any time period that you could use to make a desicion when unite them with candlestick patterns.



    It is the other way arround, Candlesticks are formed by price movement then you see them on the charts. Of course when you find a candle that is the accion of this buying and selling in the instant.
    You didnt know what I am saying and the reason you didnt know is in your signature!

  9. #19
    Quote Originally Posted by ;
    you didnt know what I am saying and the reason you didnt know is in your signature!
    My signature said any error. When writing, is NOT for the comprehension of the language, this mean.

    I wasn't the only person who didn't know you since you can see on other post prior to mine.

    Don't take it personal, I don't know who are you, I'm just explaining something that you could be wrong and in this market we're learning daily. When we make mistakes, what is wrong is if you don't learn nothing from the 22, There's nothin wrong.

    Good trading, I know you love this market.

  10. #20
    Quote Originally Posted by ;
    My signature stated any mistake. When composing, is NOT for the understanding of the language, this implies.

    I wasn't the only person who did not know you as you can see on additional post prior to mine.

    Do not take it personal, I do not know who're you, I am just explaining something that you could be wrong and in this market we're learning daily. While we make mistakes, what's wrong is if you do not learn nothing there is nothin wrong.

    Good trading, I know you love this market.
    So can it be'any' mistake or'certain' mistake? .......yes I really do adore this market, I think that this is all you need to generate a very good living! I'm closer to that day! .... Hope you if not already there!

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