Indicators are useless

[FerruFx]

Originally Posted by screwlord

The important thing when you use any indicator is your discipline.

Discipline is one of the most important thing in trading.

FerruFx

[lina06cn]

Year, I agree, discipline is very important,too

[SoundFX]

Absolutely...discipline and confirmation in the form of closed price bars.

[cubriclas]

Indicators are good but you need discipline to play with them!

[Mindzio]

Originally Posted by lina06cn

Why so many people try to use many kinds of indicators?
The only useful trade methods will be pattern, trendline.
Anyone agree with me?

The only useful trade methods will be statistic.

IMHO

[hjs69]

I use Macd, Stock and 9/20 MA with there trading rules.

My Trading Rules:

1. Stay incontrole of your emmotions.
2. Enter trade at Support/Resistace level where crossing of the 9/20 MA.
3. Entry tipes: Breakouts/ Pullbacks/ Normal Trade.
4. Alwys know where you are in the big picture.
5. Only trade on 3:1 oppertunity.
6. Preplan and Preset system - evalute
7. Dont get fooled by the news.
8. Volume must go with the trend.
9. MA as support & resistance.
10. Not to trade more than 20% of margin account, with min of 5% per trade.

There are some of my rules that I use to trade with any advise on this. I have a 6 out of 10 trade succes.

[FerruFx]

If you have discipline with these rules ... then I beleive that you are a succesfull trader!

FerruFx

[soultrader]

the only thing divergence in macd shows is that the gap between two moving averages is less than it was last time it was crossed this way.

indicators are NOT predictive tools - they are useful, but only as a discipline tool - don't look for an indicator to predict direction and price is the one predicting the direction of the macd not the other way around