Quote:
Originally Posted by nickgurtsu
6. Technical indicators don't work
Strongly agree
get rid of all that crap from your charts all you need is price volume and the dom
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I agree. I think there are a few that
may work. good luck figuring out which ones. they don't work mainly because they're too slow for forex. they work great in stocks and commodities though. I'd say 95% of styles/methods/systems (or whatever you want to call it) that uses indicators under anything that's not used on the daily chart, will eventually stop working because those special settings are just curve fitted. people always wonder why their method fails. theres' your answer. only about 5%-maybe, (and that's a huge maybe) 10% of technical indicators work.
this is what i see from only trading live for a year. just drop all that stuff and figure out the 5% that does work so you don't become the 95%