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Originally Posted by Ravique
But then i realised that indicators are useless. Now i am looking more into murraymath , gann charts, and stuff like this.
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NOW you're talking!!
Gann baby!!
Ok, do you guys wanna know the real way to make money in Forex or any kind of trading?
I'll tell ya the secret:
*Astrology*
.
I too have messed with traditional indicators... mainly used combo's of MACD (which I still like sometimes), RSI, Slow Stochastics, occasionally bollinger bands, etc.
Those things can work at times... however.. the big problem with them and chart watching in general, as you guys may have noticed, is this:
Those indicators LAG.. eheh... and/or the situation always eventually reduces to this:
the market will go flat for a good while.... and consolidate.. and then JUMP LIKE CRAZY... but you typically must be in the market ahead to catch the move... so how do you do this????
You have to know WHEN to be in and direction of course... timing is the whole thing:
Astrology, baby:
"Millionaires don't use astrology, BILLIONAIRES do" -- J.P. Morgan..
more on this later... ;0