not criticizing bro, i'm a newb also, indicators work well while the market is trending but they start to fail in ranging market, i'm looking looking for techniques/strategies to be used in ranging market, do you have any idea?

Im also newbie.still learning.never ending lesson.yes,i do agree with your previous comment.u are right,but from my perspective,if something doesnt work well for u,it doesnt mean its not work for other people too.my apologize to u.
Almost indi must have completed time,space,to generate complete usefull future prediction.divergence,harmonic,pattern,snr,ema,mva,macd,etc2.
Ranging market,for me,im a full swing trader and i use elliott wave,neo wave and basics indi.i calculate,analysis use elliot,neo wave,a bit hard to explain for ranging market.easy,ranging elliott wave term is corrective wave.maybe im wrong too.
Again,my apologize.

PA for the win. It does not lag, does not lie.

Agree...they just know to critic what they see in front of their eyes only...

but never study it, use it or try it before...

when they see, the monitor got so many indicator, they start to think it's a waste of time to put so many indicator...

they think it's not very useful,not fully function & sucks...

what's a neo wave? are you successful trading with elliott wave so far? i found it too subjective to be useful and the modern day elliott wave theory had so much tweakings from his students/researchers including elliott himself during the latter years that deviate too much from his original works(stuffs like double zig zags,compounded counts, alternative counts etc which is ridiculous IMO). I'm still learning about harmonic trading patterns with fibonacci, sounds promising so far although it does create a bit of rigidity, i'm still seeking for techniques that are not indicator based to aid me in trading with naked chart in order to see the bigger picture in which simple price action does not provide

very true, but it does lie

nah i'm not saying it doesn't work, indicators are late/lagging , it does work but if you learn basic price action it allows you for earlier entries making indicators redundant/useless and do nothing but clutter your chart. Too much indicator based analysis neglect the 'feel of the market trend aspect' of which the lagging indicators were invented for and too much relying on the crutch doesn't help you grow as a trader. Btw i don't want to argue/debate here , let just agree to disagree

nah i'm not saying it doesn't work, indicators are late/lagging , it does work but if you learn basic price action it allows you for earlier entries making indicators redundant/useless and do nothing but clutter your chart. Too much indicator based analysis neglect the 'feel of the market trend aspect' of which the lagging indicators were invented for and too much relying on the crutch doesn't help you grow as a trader. Btw i don't want to argue/debate here , let just agree to disagree

For me, what i'm using is not lagging. at my chart i'm using Bollinger Band which is more to leading indicator in provide the market volatility information, i'm also using auto Trendline, RSI & Stochastic with three different time frame M15,H1 & H4...it's not lagging, it's very usefull for support & resistance level...

U can't say all the indicator is lagging, u must study deeply the indicator to know how it will react to your trading...

if the indicator is too much lagging, i will not use it...i will search the best that suite my trading style.

Lol .
I find it funny when people start to talk about indicators.
I say, if it works just use it.
There's no confirmed win in every trade in this business.

Boyvai. How's trading? Looking at shorts on xxxusd.
Audusd, nzdusd, xauusd in particular.
Tayor...

yes...just use it, but not in the way like to critic others that use the indicators for trading...

in the past of my 2 years trading experience, i already use so many hundred techniques including the naked chart..

but this is the best trading setup, i ever have...

hi
u sure u newbie?
Neo Wave is advanced theory from Elliott Wave,from Glenn Neely. Neo wave very hard to learn,to apply at real moving chart.for me at least.yes,u are right.nowdays many tweaking has been made from the basic of elliott wave,ziz zag,EW indi,but they still apply the basic of EW.some just go for the very basic of EW,some will go to real advanced EW,time,space,etc2.
give 1 chart to 5 different Elliottician,u will get 5 different counts.
EW alone is not enough,this is why the basic indi needed.divergence,fibonacci,etc2.

if u study EW,u will find how important fibonacci.without fibo,EW less usefull.also,harmonic pattern too can be apply at the EW count. EW is not just 12345,abc count,there is more complicated count,time,space,fibo related,divergence,volume,etc2.
u want naked chart,goes for EW+price action.im very weak at price action system,Poks very good at price action.
EW is not just for chart.EW is human emotion.same like fibonacci, some rocket science lol.
im i successfull trader?very subjective.i study EW almost 3 years now,it is very suitable for me.

try constant range bar chart to reduce the 'noise' lvl. some use renko, but my preference is range bar.

yes that's my point, it is too vague to be useful and the elliot wave forecasts are prone to subjective revision and only give the whole technical analysis a bad rep IMO. I however stay true to unadulterated version of elliot wave theory, found in Elliot 1st published finding as in the compiled working papers of "The major works of R.N Elliot" but it is in no way to be predictive in nature. To each his own.

yes i am a total noob still using demo account, and i am well aware that playing poker game online is way different than a real trading, but decided to grasp the basics of technical analysis first before dumping real money in


do u know where i can get live renko and range bar for metatrader4? because the one i found can only be used in offline chart.

good point.
actually,for Elliottician,no need perfect count.
just know where is impulsive,where is corrective wave,where is the trend goes,just enough.follow the basic of EW.but Avoid FANTASY count

**poks,gold i dont know,daily chart very very long term down,lol.euro/usd im waiting for retracment to buy.

i purchased the range bar online. it is still in offline chart but tick updated real time as normal chart. reason i purchase n not use some of those in forums as it is slow, or not real time or when news hour fast price movement it slowed down the system /hang. also i use tick volume n not all those free one has that capability. but just to check out u can use those like in forexfactory or tsd, google for it n u will get the links.

euro,gj,ej,all correction wave..
usd/jpy look good to short?long term?

This post has been edited by boyvai: Jan 14 2013, 11:08 PM

relax dudes.. no need to argue which indicators is working or not. Different people have different trading style Something didn't work on you might be working well on others
Chill and happy trading.

Oh btw, I can see a rising wedges pattern on EURUSD on daily timeframe. Anyone agree?

Owww yess, rite....let's happy trading..

i did catch few pips from gj drop.now looking to enter short?what is your opinion on this pair?euro/usd tf1/4 correction wave.

Well. I short eurusd earlier.
Scalped to cover my swap on long usdcad.
On 1D, eurusd showed some weakness. Look further on left of your chart to see some levels.
It's good to be early but not wise. I'll wait for some pull.
Jpy pair? Skipping that. Gold sure looking down. But i'll wait at 1800 level.

btw looking at 1D for gbpjpy sure show strong short interest.
will put this on my list. tq bro

but for me gbpjpy short term will up.i will wait if break 140.856 to short.gold i skip,to messy lol.eurousd complicated correction wave, probably abcde tf1 hour.i skip this pair.
usd/jpy not bad
tayor