Indicators... The Beautiful Lie - Page 4
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Thread: Indicators... The Beautiful Lie

  1. #31
    94966Ok guys, I must be truthful. Replace it are in the best and of minimal usage, simply and I want to retract my opinion regarding indiors being totally futile guidelines.

    Lets take what craig said about ATR. Volatility, which can be a direct measure of liquidity is measured by this indior. It lets us understand what is reasonable to expect from a currency pair, in relation to it's behavior. This enables one to handle his risk better. Great, it doesn't pinpoint any particular price, nor does it give you some certainty, it's only a general range.

    MACD- The difference between two moving averages, and also a logical way to measure momentum. Again, all it can tell you is that the markets momentum is changing. When it's slowing it down could be getting ready for a reversal or a consolidation, or a renewed burst in its first direction.

    Now... All these things you'll be able to see with the same accuracy using just your eyes!!!!!

    The challenge is people try to utilize indiors to generate precise signs in an environment that is anything but accurate. This is the same reason why economic models won't ever be 100% accurate.... It's not science.

    Where I think indiors have some usage is in giving you a numerical signal, which may be used to keep YOU consistent. They enable us to better track ourselves and are helpful for self analysis. (provided you always use them in exactly the same way). I doubt much better for you to have eyes, although they can be rough guides I suppose.

  2. #32
    94966I think that it is foolishness disregard indiors and completely to bash.

    Indiors can be useful if you become a master of the particular indior you're using.

    I think a lot of individuals belittle indiors as they aren't using them or have read in forums that the new craze it to put indiors down.

    Sweeping statements and generalisations such as,'Indiors are Rubbish', annoy me, as it stinks of ignorance.

  3. #33
    94966Juan, this topic has been discussed many times before, e.g. here. It's inevitable that you'll get comment from those who trade profitably using indiors (or know others who do). And, on the other hand, arguments from those who have not found a means to achieve this, and hence think that because they can't create them work that is indiors their ego tells them that it must not be possible.

    Likewise, in addition to Fibos. Since there's absolutely no Holy Grail in reality, you could say exactly the same with each TA tool. But people are searching for color-by-number, plug-and-play solutions that work each time, and dismiss anything that doesn't immediately fulfill their expectations.

    As has already been pointed out, it's not the tools that are utilized, but the manner in which each one the bits are assembled together, that provides the winning edge. There are occasions when indiors will neglect. There are also occasions when nude trading will lead to sequences of losses. That's not the fault of this approach, that is simply due to the way in which markets proceed. Success depends not on the instrument set but on how well the trader handles this doubt, both methodologically and mentally.

    Like Magnum states, ultimately nobody can assert with underside line. In this case it's not the way that you play the game that matters, but whether (and how much) you lose or win.

    And like Jack Schwager states in the preface of the book, New Market Wizards): There are a million different ways to make money in markets. The irony is that they are rather difficult to discover.

  4. #34
    94966Guys is people put to much weight on indiors. I would like to state since they failed me, I am not bashing on indiors, I make money. Additionally, I see people feel it's trendy to bash indiors... why then has not one single individual taken my position. I think you may have the bull from the udder.

  5. #35
    94966
    Quote Originally Posted by ;
    Lets consider what craig mentioned about ATR. This indior measures volatility, which can be an indirect measure of bandwidth. It allows us understand what is reasonable to expect from a currency pair, in terms of the behaviour of it. This allows one to handle his risk better. Great, it doesn't pinpoint any specific value, nor does it give you some certainty, it's just a range.

    .
    ATR steps Average Range over quite a few bars, just like the name says. In no way does this measure liquidity, in fact the larger the ATR the less bandwidth will be likely over those prices.

  6. #36
    94966, even if there are less participants in a market then obviously moves will be more pronounced (ie higher volatility ) since there are less people able to accept the different ranges in price. If the are participants the granularity if you like is higher and price is more secure and less volatile.
    Proceed up.

  7. #37
    94966Also your comment is a contradiction.
    In no way does it measure liquidity, '' In actual fact that the bigger the ATR the less liquidity was probably within those prices.
    Make your mind up.

  8. #38
    94966
    Quote Originally Posted by ;
    , even if there are less participants at a market then obviously moves will be more pronounced (ie higher volatility ) since there are less people able to accept different ranges in price. If the are more participants the granularity if you like is greater and price is less volatile and more secure.
    Go read up.
    ???

    Lol

    Read what I said again.

  9. #39
    94966Ok, real slow....
    You say high ART = less liquidity....
    This is a direct relationship....
    Did you do maths??

  10. #40
    94966Why do you believe spreads are so tight for EURO/USD- most liquid
    What's your Rand/USD so volatile - low liquidity

    A CLEAR RELATIONSHIP...

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