Trading with indicators is like driving a car blindfolded while your passenger tells you what to do. Sure it might easier to just do exactly what your told instead of making your own judgments, and sure it may actually work occasionally. But when it comes right down to it, the indicators just distract you from what’s really going on, price action. Indicators are basically just a lagging, less accurate representation of price action. People are attracted to the idea of indicators because they want an easy, black and white system where they are’t required to think. The problem is, the market doesn’t work this way. You must be adaptable and an indicator based system does not offer this adaptability. The only time you should use an indicator is when your brain sends an indication to your hand to click your mouse button when price action signals a good trade.
Hi Joe and thank you so much for all your efforts to train people like us. I’ve always learn from you. I’m going to go along with this too. Thanks
Can you tell me what indicator or trend did you use to get the colors bar at the bottom of your chart? The one that has red, pink, green, light green, and white at the bottom.
Thanks,
James
thanks sweetpip .you’re sweet
It would be more like looking at the dashboard and never looking out the windshield.
I dunno…seems to work well for pilots…lol
Hi Joe,
Many thanks for all the help you’ve been providing everyone here. I guess you’re off on a long Christmas vacation, hope to see you back here soon.
Merry Christmas and a happy new year
Merry Christmas and a happy new year to Sweet Pip, Markoc, James and all my friends.
I am back .
I will use this thread to make call every time I open buy/sell position.
You can follow the signal during the week by using virtual money. If the signal is suitable then you may use real money in the next week.
I have a trading method that is suitable for beginners with limited capital but want to get a big enough profit each week.
Let say we start with $100 on Monday and we withdraw $1.000 to $2.000 on Friday. It seems a bit weird huh? Let us prove it.
Ok, I am Short EU 1.4016
Target 1.3965
Stop 1.4041
I am very quick to close the position if the indicator says so, without having to wait for prices to come to my stop loss. So sometimes I cut lose my position at -3.
Please don’t forget that we start with $100.
I am still warming up, closed at + 30
I am waiting for the real deal to enter another trade with $130
Joe it’s good having you back, wishing you a pleasant year. Are you giving the signal base on what you’ve been teaching before? Got in late (Demo) at 3995 for 22pips profit. Hoping to see more of this. Thanks
Normally you would draw a trendline, support and ressistance. Well, the shape is up or down. You would probably know the meaning of bullish, bearish.
There might be a purpose when an indicator is developed. So with the candlestick. Some indicators placing in a smaller timeframe is not suitable, then you have to run it on a bigger timeframe.
For me, indicator is an assistance for me, but not a leader. The leader is you, if this assistance doesnot work (if you have calculated the risk), do you have other assistance that works (to confirm the trend) for you?
Another questions, do we need a lot of indicators? The answer is in you, if you have found the weakness of yourself why losing the trade, then you have found an answer.
Hi Joe, great to see you back. Won’t you be sending your signals on Yahoo Messenger, as you said previously? That would help us get the signal much faster.
hey joe!
nice to have you back. i was a bit worried i must admit 
looking forward to hear your words of wisdom
cheers
Hello Kassydee1, Thank you so much. Yes, I will give signal base on my method and I hope you can learn something. Best regards
Hey Joe,
Glad you have not given up on us!!!
Looking forward to some more pips this year, are you going to be giving signals through yahoo messenger again?
Hi KC0793, Thank you so much. I will send signal via ym later but first I need to show you how to multiply money as quickly as possible. Live show is much better than just theories.
You must learn to recognize early trends and not just followers, but you also have to learn to recognize the dangers to get out before the candles came to your stop loss.
Best regards.
Hello Markoc, Thank you so much. Please follow all my existing signal, while seeing the movement of prices so you can understand why I was out before the price came to SL.
Best regards