Results 81 to 100 of 191
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10-09-2009, 00:39 #81
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is there any way i can piggy back on your trades?
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10-09-2009, 02:46 #82
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10-10-2009, 03:20 #83
To combat a horde of spammers, we enabled a 15 post limit before you can start posting links. It's worked the best out of any other method. Haven't seen a w a r c r a f t spammer in over a year
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11-07-2009, 16:10 #84
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11-07-2009, 22:21 #85
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11-08-2009, 01:02 #86
I'm also interested in what the most profitable indicator is. Looked through this thread, just alot of back and forth. Can someone give me proof of what is the best?
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11-10-2009, 04:29 #87
Let's make a distinction here. There are Expert Advisers, and then there are Indicators, totally seperate animals altogether.
I don't know what the most profitable indicator in the world is unequivocally, but I know the most profitable indicator for me is the TOTAL STRENGTH indicator found only in TopGun software. When this indicator flips from green to red, or red to green, with a few other factors like time frame and bar count included, watch out!
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11-13-2009, 18:42 #88
Thankyou so much for all the responses guys. I think I'm inclined to follow Mike's theory (thus far) about these indicators in Top Gun, after seeing his other thread how it can make you a fortune, it just seems the most easy to follow yet efficient way to spot the BEGINNING of trends and trade according to that and catch bigger moves.
I'm open to any more thoughts on other indicators though.
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11-22-2009, 17:06 #89
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I agree with TheRumpledOne. Follow price, it's very simple. Don't be distracted by all of these confusing indicators.
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11-22-2009, 19:10 #90
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Agree with you both Price is the only thing that matters most
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11-25-2009, 02:53 #91
But why? Show me examples of how price without any indicators is going to get you into good trades and keep you out of crap trades? For instance, god forbid you didn't draw a fib on a chart and you buy into resistance, despite what the candle might look like, your going to most likely lose many pips because you are buying into resistance.
"I came to make pips and chew bubble gum...damn, I'm all out of gum..."
-DickP, 2011
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11-26-2009, 17:53 #92
TopGun indicators are making me many pips. I have some losses, but this really does cut out alot of the strife that goes through following lagging indicators like RSI and MACD.
There are a few indicators here that make this and many other trades on a daily basis "the most profitable indicators" in the method I follow.
The first being the Total Strength Graph at the bottom of the chart that factors in the strength of the CAD vs all other pairs, then calculates the weakness of the JPY vs other pairs, and it results in a graphical representation of the pair combined. We infer that the CAD is getting stronger, being bought vs other currencies and the JPY is getting weaker vs all other currencies.
People come here looking for a currency meter, but in my opinion, having the Total Strength indicator on your charts is suffice for determining how a currency is doing vs other pairs.
The total strength is also drawn on the candles directly but in a faster time frame, so they turn green sooner. This is the second part of the method.
The third most important part of the method is the Yellow Balance Point Line. This indicators the average price over the last 180 minutes that traders are holding a position. I circle it once when the initial crossover occurs, then I circle it a second time when price retraces to it then finally shoots up over 100 pips!
***When I first started using TopGun I would just trade the crossover of the Yellow BPL, because truthfully you can never tell if price is going to ever retrace or not to the BPL after the first crossover. It seems almost a 50/50 chance of a retracement before a final thrust upward. So keep this in mind.
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Check out my thread on this useful and profitable indicator.
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11-26-2009, 23:02 #93
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I have a site that deals with teaching new or struggling traders how to trade. If you are not where you want to be in your trading please visit us. We start with teaching you and discussing trading, market, and trader psychology. We go over different time frames and different chart types like candlestick, bar, line, renko, heikin ashi, range etc.. We show you powerful patterns based on price action on these charts. We show you how to enter , exit, and place stop losses. We show many examples as well. We discuss the importance of a trading plan and journal and what they are. We show you how to develop one and how you should follow it as well as an example of one. We show you strategies, risk and money management etc.. We offer a 161 page trading manual. This is very comprehensive and offers an approach to trading that will get you on the path to success!!
See us on the web at tradingyourplan you can also pm me or email me at [email protected]
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11-27-2009, 04:23 #94
Thanks for sharing TYP, feel free to make your own thread in a forum.
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11-28-2009, 06:59 #95
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11-28-2009, 15:56 #96
I agree Dick, I'm purely an indicator guy, it helps me stay out of losing trades and get into winning trades without "cluttering" my charts up.
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11-28-2009, 18:17 #97
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12-03-2009, 20:11 #98
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Would still like to piggy back on your winning trades
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12-05-2009, 07:00 #99
I would just like some evidence of trading price action working. I guess I'll need to have it explained to me. I'm always looking for new ways to trade and if this is the best way then why isn't everyone doing that? Why laud all of these free indicators, who is making money pushing free indicators on the rest of us?
"I came to make pips and chew bubble gum...damn, I'm all out of gum..."
-DickP, 2011
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12-05-2009, 07:34 #100
Anyone trading soley on price action without any indicators or fundamental analasyst at least is going to eventually get into a run of bad trades that will wipe them out.
If you dont have the motivation to learn what the indicators do and how they work then you have no business trading, youre going to eventually wipe out.
So back to the most important aspect of trading, edjucate yourself on how everything works what to watch for and what to keep away from, indicators will save you alot of heartbreak if used right, trading on price action alone will get you into tons of trouble.
If I handed my money over to someone (which I would never do) to have them trade for me and they lost it but they were doing everything they could, by using indicators, charting methods, fundamental analasyst,chart patterns, etc etc then I cant really blame them and I couldnt be mad, but if that same person wasnt using all the tools at his disposal and was just looking at prices and placing bids, I would shoot that dude in the face! heh
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