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  1. #1
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    How much of TRADING is really about the indicators?...

    I have read in various publications that trading (at least making a success of it) is more about money management and the mental part of trading, rather than which indicator you use or which system you follow.

    I would like to know your thoughts on this? Are these guys then saying that one can pretty much make a success of this with ANY indicator...as long as you THINK / BELIEVE you will be successful at it?

    Heck - to me this is a little silly...ignorant almost. As first have the indicator working well in back testing and THEN make it work....at least THEN let it make you money. What do you think?

  2. #2
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    Re: How much of TRADING is really about the indicators?...

    i think...all of the indicator's always work with correctly,but it just a program tools and depend to our trading style,....the true indicator is in our brain

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    Re: How much of TRADING is really about the indicators?...

    Price is the best friend you can have.

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    Re: How much of TRADING is really about the indicators?...

    For me, indicators can be the first signal, but we still need to confirm it with another indicator or using Price Action.

    NEVER believe 100% in indicator, only use it as an opening signal.

  5. #5
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    Re: How much of TRADING is really about the indicators?...

    indicators + chart patterns are my solution

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    Re: How much of TRADING is really about the indicators?...

    None of them are perfect and also, you can trade without any indicators.
    The most important thing is you. How you do with self-discipline and money management.
    Just believe in yourself and own eyes.
    If I want say furthermore, stick with one or two system. Do not make yourself confuse and no more wishing hoping.
    >-

  7. #7
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    Re: How much of TRADING is really about the indicators?...

    Indicators help to built a confidence in yourself and in your trading strategies. Does not exist the "holy gray" indicator (al least I've never found out), good in every situation, but it exists some good tools that help you to survive.

  8. #8
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    Re: How much of TRADING is really about the indicators?...

    Indicators showoff nothing but market behavior at certain points.
    However market beavior is also driven by economic factors, which will influence you're day trading more than you might expect.

  9. #9
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    Re: How much of TRADING is really about the indicators?...

    i agree, you must find a system which suits you, some would prefer many fancy indicator which shows volum, cci, gann ecc, others have fine trades using only a bunch of trendline and S&R

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    Re: How much of TRADING is really about the indicators?...

    I read something interesting by Van Tharp. Him and Tom Basso did a study where they basically flipped a coin to determine buy or sell. They did this I think over a few hundred trials and with the proper position sizing were able to make it profitable. So if money management can make a 50/50 system profitable, then imagine a system with a positive expectancy. That's why they say that position size is far more important than any indicator. Just use an entry that makes sense, be consistant, and use proper position size. Of course, we always love to look for the Holy Grail (when in fact it's money management).

    Peter

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