Page 10 of 10 FirstFirst ... 78910
Results 181 to 191 of 191

Thread: Most Profitable Forex Indicator Known to Mankind

      
  1. #181
    I'll Take Her, Dont Worry #01's Avatar
    Join Date
    Nov 2007
    Location
    Ft Lauderdale, Fl
    Age
    50
    Posts
    92
    Rep Power
    0

    Thumbs down Re: Most Profitable Forex Indicator Known to Mankind

    Quote Originally Posted by ascentfx View Post
    I think the original question for this post is valid and worth serious discussion. However after skimming through a number of replies it seems like it got way off track.

    Forgive me if what I'm saying here has already been discussed. I quit reading after the 15th post!

    I've looked at hundreds of indicators over the years and have actually created hundreds of my own (with TradeStation, not Metatrader). None of them, and no combination of them really made for profitable trading.

    Eventually I "cleaned up" my charts and just looked at just one indicator: the candlesticks themselves. I used the crosshairs to check support/resistance levels over various time frames, and I simply eyeballed the trend.

    More importantly I used good money management ( lot sizing, or leverage, however you want to call it).

    Also be aware that there are a number of types of "indicators"

    the ones on the charts themselves are the real "indicators" (e.g. moving average)
    the ones beneath the charts are called "studies" (e.g. RSI)

    EAs (expert advisors) can be used as indicators, or for autotrading. Before you buy any EA you should spend a LOT of time learning as much as you can about the standard indicators. otherwise it may be intimidating or confusing when you first install the one you buy.

    All in all, I think forex prices are driven more by the "accumulation of news" than by specific formulas (which are behind all indicators). So before you go live, get your news from good sources, watch how it affects prices, and get a feel for which news announcements have the most gravity.

    It sounds like a lot of work. It is. But it also becomes second nature, given time.
    This guy is on the nail with his recommendation!

  2. #182
    My Pip Hand Is Weak
    Join Date
    Feb 2012
    Location
    Al Karamah Dubai U.A.E
    Age
    36
    Posts
    11
    Rep Power
    0

    Default Re: Most Profitable Forex Indicator Known to Mankind

    If you want to know anything about FOREX feel free to send me an email at: [email protected] or visit our website: http://www.fxvv.com

  3. #183
    My Pip Hand Is Weak togotugu's Avatar
    Join Date
    Feb 2008
    Posts
    14
    Rep Power
    0

    Default Re: Most Profitable Forex Indicator Known to Mankind

    What is FXVV ?

  4. #184
    Pips Are My Game
    Join Date
    Sep 2011
    Posts
    127
    Rep Power
    12

    Default Re: Most Profitable Forex Indicator Known to Mankind

    zulutrade traders ))

  5. #185
    My Pip Hand Is Weak
    Join Date
    Dec 2010
    Posts
    18
    Rep Power
    0

    Default Re: Most Profitable Forex Indicator Known to Mankind

    From my personal opinion, each indicator has its advantages and disadvantages. Therefore, combining several indicators to reduces risk is highly recommended. Try to some common first. From what I know, technical analysis traders spend hours per day to read chart. Have a look at this e-book. I just download it. Good content, easy to read.

  6. #186
    Pips Are My Game Dannyfx's Avatar
    Join Date
    Mar 2011
    Posts
    177
    Rep Power
    0

    Default Re: Most Profitable Forex Indicator Known to Mankind

    Quote Originally Posted by tommy0921 View Post
    From my personal opinion, each indicator has its advantages and disadvantages. Therefore, combining several indicators to reduces risk is highly recommended. Try to some common first. From what I know, technical analysis traders spend hours per day to read chart. Have a look at this e-book. I just download it. Good content, easy to read.
    Another great read.

  7. #187
    My Pip Hand Is Weak JPyro's Avatar
    Join Date
    Feb 2011
    Posts
    25
    Rep Power
    0

    Default Re: Most Profitable Forex Indicator Known to Mankind

    Another useless thread. I want to know what the most profitable forex indicator is, not a spammy discussion where everyone nominates their indicators that make them money through affiliate deals.

  8. #188
    My Pip Hand Is Weak JPyro's Avatar
    Join Date
    Feb 2011
    Posts
    25
    Rep Power
    0

    Default Re: Most Profitable Forex Indicator Known to Mankind

    Quote Originally Posted by #01 View Post
    This guy is on the nail with his recommendation!
    Don't you mean he hit the nail on the head?

  9. #189
    My Pips Are Growing
    Join Date
    Dec 2010
    Posts
    31
    Rep Power
    0

    Default Re: Most Profitable Forex Indicator Known to Mankind

    who the hell knows... many ways to skin a skunk

  10. #190
    AK47 PIPS DarkManFX's Avatar
    Join Date
    Mar 2010
    Posts
    110
    Rep Power
    13

    Default Re: Most Profitable Forex Indicator Known to Mankind

    Anyone care to answer which is the most profitable? Should have made a poll out of this one...

  11. #191
    I Breathe Pips Jones's Avatar
    Join Date
    Jan 2009
    Location
    Manchester
    Posts
    891
    Rep Power
    0

    Default Re: Most Profitable Forex Indicator Known to Mankind

    After reading through this thread I still can't tell what peoples' best indicators for forex are.