Random Line Theory?
Results 1 to 6 of 6
  1. #1
    XSevenX is offline Newbie
    Join Date
    Nov 2009
    Location
    Arlington TX
    Posts
    24

    Default Random Line Theory?

    So my friend feels pretty certain you are better off without indicators, sent me this link: Random Line Theory - Traders Hideout

    What are your thoughts on it?

  2. #2
    rhodytrader's Avatar
    rhodytrader is offline FX-Men Honorary Member
    Join Date
    Dec 2006
    Location
    Exeter, UK
    Posts
    2,592
    I think most lines drawn on charts are little more than random ones, but if enough people believe they are more significant than that, then they become so. It's a self-fulfilling thing.
    John Forman
    Author -
    To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures.

  3. #3
    spidypips's Avatar
    spidypips is offline Junior Member
    Join Date
    Jul 2012
    Location
    Asia
    Posts
    279
    i agree, i'm thinking like that too. Even with some random entry, we can still make pips on it.

    hei, i just read that link u gave us:

    1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
    2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
    3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
    4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.

    He truly right ^_^
    Last edited by spidypips; 12-24-2012 at 10:46 PM.

  4. #4
    XSevenX is offline Newbie
    Join Date
    Nov 2009
    Location
    Arlington TX
    Posts
    24
    I agree, though I'm wondering what % of the market is made of indicator trading humans?

  5. #5
    rhodytrader's Avatar
    rhodytrader is offline FX-Men Honorary Member
    Join Date
    Dec 2006
    Location
    Exeter, UK
    Posts
    2,592
    Doesn't matter whether the trading is done by humans or not, just so long as the automated systems reflect some significance being ascribed to said lines. For example, it doesn't take a human to trade relative to the 200-day moving average (cross-over, reversal, etc.), if a system developed to do so.
    John Forman
    Author -
    To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures.

  6. #6
    Join Date
    Dec 2012
    Posts
    41
    Hmm it really just depends on your style. Everyone has thier own ideas on how the market works

Forum Sponsors

Similar Threads

  1. Japanese Yen Support Line at 121.00 (USDJPY Resistance)
    By DailyFx in forum The Analyst Arena
    Replies: 0
    Last Post: 05-15-2007, 07:40 AM
  2. Australian Dollar Through Resistance Line
    By DailyFx in forum The Analyst Arena
    Replies: 0
    Last Post: 05-10-2007, 06:40 AM
  3. Spikes Through the Trend Line
    By trenton in forum Newbie Island
    Replies: 2
    Last Post: 01-16-2007, 03:15 PM
  4. Just a random question...
    By cashamp in forum Newbie Island
    Replies: 3
    Last Post: 12-29-2006, 03:40 PM
  5. Random walk?
    By arcelt in forum Newbie Island
    Replies: 3
    Last Post: 05-26-2006, 07:16 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"Feel the fear and do it anyways."
Susan Jeffers