Jump to content

Technical indicators are lagging


Guest oilfxpro

Recommended Posts

Guest oilfxpro

I don't use indicators in my trading, these indicators are lagging, and they provide information too late to be profitable.I have made many custom indicators almost 150 of them, so I know all about indicators.

 

https://community.ig.com/t5/General-Trading-Strategy/Technical-indicators/m-p/2404#M291

 

 I get information from simple trend lines, channels and support/resistance by looking at 4 hour and daily charts, and behavior of related instruments .An example of this is Dax and ftse have to give similar confirmations on both charts  of subjective behavior patterns.I like  all US indices to be positive to place a trade on ftse  /dow or dax .None of this value added information I see , beauty is in the eye of the beholder, can be put into reliable accurate indicators.

 

Indicators rely on market timing, if market timing is difficult, then indicators are impossible to make money from.

Indicators based on Price action rely on timing the markets , but this has been proven to be too difficult for most , according to this article below and free google searches .

http://www.trade2win.com/boards/educational-resources/221422-what-happens-when-you-try-time-market.html

 

 

 

Indicators rely on being reality with the markets , and this article on t2w examines why traders are not in reality with the markets.The psychology section on this site explains :

 

http://www.trade2win.com/boards/educational-resources/222992-your-brain-wasnt-built-handle-reality.html

 

 

Using indicators will create a lot of psychological issues, that most new traders are not aware of.Indicator users are taught by non traders, who are not successful at  trading and don't know how to really get an edge in trading.There are many people who gain, when you lose, so they would rather influence  you how to use indicators  and lose money.The forex bucket shops make money,if traders lose.

 

One of the reasons why traders fail is ,they are taught to use lagging indicators, that fail to give timely signals.

 

http://besttradingforums.blogspot.co.uk/2017/10/95-of-traders-lose-below-confirms-this.html

 

Keep trading simple stupid.Don't allow failure of indicators to arouse "the enemy within".

 

https://profitabletraders.wordpress.com/k-i-s-s-keep-trading-simple-stupid/

 

Here are simple set ups using trend lines, support and resistance ,that make money more than 50% of the time, if market correlations are applied.

 

BULLISH TREND LINE.jpga

 

keep it simple stupid like the chart below

ftse price action 2.jpg

 

support trades 

 

ftse entry.jpg

 

support trading on ftse 

 

https://community.ig.com/t5/Indices-and-Macro-Events/FTSE-SYSTEM/m-p/18475#M1849

 

 

ftse.jpg

 

 

failed indicator trades

 

FAILED.jpg

 

 

 

 

 

 

Link to comment

Of course trendlines and support and resistance levels are indicators that lag most of all because they are actually static. The most important feature in an indicator is that many traders use/see it, when they act on what they see then what is indicated becomes a self fulfilled prophecy. See the 1 hour bars on the dax chart yesterday, they were clearly reacting to the 100 MA, they even follow the curve and note the power of the bull bar needed to break through. Big players were looking at it and reacting to it.

 

Where people run into trouble is when they pick out some obscure pattern from within the noise and against the run of play that no one else can see or is even looking for and then desperately search for some kind of indication to back up the bias. That's when indicators, be they static or dynamic don't work.   

 

 

snap.png

Link to comment
Guest oilfxpro

Nice to see I G don't teach  indicator usage, but they provide them in their charting packages.

 

https://www.ig.com/uk/ig-academy/the-basics-of-technical-analysis/moving-averages

 

Support and resistance levels are indicators that don't lag ,they are true areas of supply /demand, with overshoots in increased volatility.A support area is an area of demand, where investors are currently  willing to buy.

 

 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Launchpool should be the most common but I feel POOLx is more innovative earning product on Bitget. The idea of staking  your assets at a higher APR  to mine newly launched tokens is a good earning opportunity that i think is not common in other platform but would wish other CEXes would emulate such concept.
    • Centralized exchanges are often more popular than decentralized exchanges due to their user-friendly interfaces, ease of use, and protection against scams that can occur when interacting with various dApps on decentralized platforms. Navigating decentralized exchanges (DEXs) can be complex, which adds to the appeal of centralized alternatives. While DEXs offer several ways to earn passive income, such as staking, centralized exchanges have also introduced various opportunities for users to earn in a simpler and more straightforward manner. Some notable products that have proven efficient and beneficial for users include Launchpool, PoolX, Shark Fin, Range Sniper, Dual Investment, and others. Personally, I favor PoolX and Launchpool because they provide rewards on an hourly basis and the entry barrier is quite low for everyone to take advantage of. Shark Fin, Smart Trend, Range Sniper, and Dual Investment cater to investors with different investment goals and risk management preferences. One reason I particularly like Shark Fin is that it guarantees investors' capital while offering significant returns. All these products are available on the Bitget exchange, providing users with opportunities to earn passive income, especially in uncertain market conditions. I am interested in learning about other products you guys use to earn more crypto on centralized exchanges. Let's discuss
    • Hello IG Team @KoketsoIG Could you please provide a definitive update on the status of the TradingView integration? Many of us have been eagerly awaiting this feature for nearly two years, and it’s becoming increasingly frustrating to not have a clear timeline or concrete information. Many users have already expressed their concerns and the inconvenience of having to switch between brokers due to the lack of this integration. This delay has even caused some of us to move parts of our trading activities to other platforms that offer seamless TradingView integration. We understand that technical challenges can arise, but considering the significant time that has passed and the fact that smaller brokers have managed to implement this feature, it's perplexing why a company of IG’s stature is still unable to provide it. If there are specific technical hurdles or a projected timeline, we would appreciate transparency on these matters. The ability to trade directly from TradingView charts is a crucial feature for many of us, as it significantly enhances our trading efficiency and overall user experience. If this integration is not feasible in the near future, could you kindly inform us so we can make informed decisions about our trading strategies and platforms?  
×
×
  • Create New...
us