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Old Sep 6th, 2012, 07:01 AM   #19
Xspurt
 
 
Join Date: Jun 2009
Location: Togo
Posts: 1,781
ET can be a pretty good indicator. When there is a lot of noise about market directional change it is usually wrong. The more panicked the call the better the trade.

It's a version of the short sellers index which is a fantastic indicator in itself.
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Old Sep 6th, 2012, 07:15 AM   #20
Laissez Faire
 
 
Join Date: Sep 2010
Posts: 4,544
If you can find a chat room with one or more consistently losing traders, that is usually a very good indicator.

If the fool ever learns, the value of fading him will start to diminish in time, so be careful.

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Old Sep 6th, 2012, 08:37 AM   #21
eurotrasher
 
 
Join Date: Aug 2012
Location: in between the poles
Posts: 215
the one between your ears.
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Old Sep 6th, 2012, 05:03 PM   #22
Lucrum
 
 
Join Date: Dec 2003
Location: Canton, Georgia
Posts: 38,544
Quote:
Quote from Daring:

... some indicators got predictive value if used correctly.
Not an accurate statement.
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Old Sep 6th, 2012, 05:06 PM   #23
Lucrum
 
 
Join Date: Dec 2003
Location: Canton, Georgia
Posts: 38,544
Quote:
Quote from Tonkadad:

Open up a browser and type "123 chart pattern".

A bit of advice; in this business you need to be a self starter ( I am not saying that you aren't) question everything, prove it to yourself.
http://www.dacharts.com/123.htm


http://www.dacharts.com/2b.htm
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Old Sep 6th, 2012, 05:40 PM   #24
Handle123
 
 
Join Date: Aug 2007
Location: Texas
Posts: 1,530
Quote:
Quote from Peter brandley:

Hello guys


I need everyone's suggestion on what are the best and more understandable indicator to use for trading? and please provide it with an explicit explanation.

Thanks!
Good luck with ur trade
Experience.

There is no ONE good indicator, and that is why so many lose at this game. But experience, backtesting EVERYTHING, one finds that excellent trading is constantly seeing relationships between Price, Action, Speed, Time, Indicators, S/R, Distance, Volume, Emotions, Reasons, and my favorite "Where to Screw the little guy the Worst".

I have found by watching one indicator for years, you develop a sense of what it should do in relationship with Price and when it doesn't, NOW you are on to something. But too often people jump around and they never get good at one thing, by time you find one thing, they are out of money.

Chart enclosed, normally EMA's track price pretty good, but have you ever noticed when it does something abnormal? Abnormalities make higher profitable percentage trades, cause no one is looking for them.

But the chart pattern/indicator to get you in, seldom ever is good enough to get you out, and the money is in the getting out. Having one signal to get in and have 40 reasons to manage the trade.
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