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Indicators are not the answer
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Indicators are not the answer

  #11 (permalink)
Elite Member
Plano, TX
 
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Joe Ross


FredyMegaG View Post
Thanks for the advice Blz!
Is "Trading the Ross Hook", the same Joe Ross that Hotdog recommended?

WELL, 27 page threads youve advised! heh gonna get my reading going!

Fredy


Same Joe Ross - but the "hook" is just one of his techniques. Not really enough for a whole book, IMO.

The other books were actually written for his family to take over his trading business when he was sick. They were originally to be only inside info for the family to teach them his methodology and tricks. He later decided to release them to the public. I paid $150 each.

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  #12 (permalink)
 Vendor: www.tradersforce.com 
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benbrooke's Avatar
 
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i have to disagree to some degree ,

indicator can help if you know the basics of trading (Price action)
we always been told "the trend is your friend " so why not use an indicator like (Trend_bar 2 by bigmike) and join the trend .

with todays markets you want to trade trending markets like CL , 6E , 6B and with even 1 indicator and simple Trend lines you get the job done

thats my 2 cents on indicator .

Ban.

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Indicators are not the answer-no-ind.jpg  
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  #13 (permalink)
Market Wizard
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Silvester17's Avatar
 
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indicators just indicate


http://www.movethemarkets.com/downloads/rwt/RWT-007.pdf

another interesting article from our friend richard from move the markets. many people here will not like it. I think this time he's right on.

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  #14 (permalink)
Just a boy
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banbrooke View Post
i have to disagree to some degree ,

indicator can help if you know the basics of trading (Price action)
we always been told "the trend is your friend " so why not use an indicator like (Trend_bar 2 by bigmike) and join the trend .

with todays markets you want to trade trending markets like CL , 6E , 6B and with even 1 indicator and simple Trend lines you get the job done

thats my 2 cents on indicator .

Ban.

Hi Ban,

Happy New Year to you.

Tried searching for "Trend_Bar 2" and cannot find it. Can you point me a bit closer to it's location.

PS: what settings do you have for it.

Cheers,

Steve

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  #15 (permalink)
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Steve,

here is the link

https://futures.io/elite-circle/636-trendbars-trendbars2-paint-bars.html

i am using the default setting

ban.

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  #16 (permalink)
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gdplus1's Avatar
 
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Especially for beginners, Indicators can help as milestones on the highway. For intermediate and master traders they help as confirmation of their analysis of trend direction or counter trend, entry and exit strategies.

For each trader, based on their trading style, 2 to 3 indicators of their liking which are profitable takehome dollars every trading day with win/loss ratio > 1 (more than 50%) are good enough.

For wannabe or new traders, from the lessons I learnt, No need to overload indicators on a chart. Either Win or loose, max 2 or 3 trades or scalps per day.

The Yes and No answer. Price alone by itself on a chart is an indicator.

regards

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  #17 (permalink)
Just a boy
Auckland, New Zealand
 
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banbrooke View Post
Steve,

here is the link

https://futures.io/elite-circle/636-trendbars-trendbars2-paint-bars.html

i am using the default setting

ban.

Thanks Ban,

Can you post your settings as I am getting the bars coloring at different places to you on the default settings.

Also how did you get some bars to paint hollow and others solid - mine are all solid.

Nor do I get the buy/sell marks or the wording (but I am not too worried about that).

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  #18 (permalink)
 Vendor: www.tradersforce.com 
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benbrooke's Avatar
 
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dear Steve ,

i have attached my my settings also the hollow bars were "paint on close" by Big mike (thanks mike) which i played with but its not in my template any more.

as for the buy/sell marker this is a system that i got it from my friend.

Ban.

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Indicators are not the answer-set1.png   Indicators are not the answer-set2.png  
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  #19 (permalink)
Elite Member
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I tried many indicator and its just waste when i am losing my confident and then again the horror of the markets haunt me .So i have these theory . small tf indicator should accompany with the longer one. and the longer tf indicator just wont work better with small tf indicator. but that just an added feature of ninja. The important thing is I MUST SEE THE RANGE hope it helps

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  #20 (permalink)
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The Holy Grail


It actually does exist. It is called money management.

Manage the ONLY thing that you can control: your losses.
Trade to trade well; do not focus on the profits. The market determines the profits: the only that that you determine is the size of your losses.

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