Indicators Are Bullsh*t, Do This Instead...
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- เผยแพร่เมื่อ 24 พ.ค. 2024
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DISCLAIMER I am not a financial advisor and anything that I say on this TH-cam channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.
#DayTrading #scalping #scalpingstrategy
📙Free 14 page guide of my favorite trading patterns ➡bit.ly/RCtradingguide
Sir Ronal’ has offered profits to investors who wish to recover losses including myself and it’s a great honor to be part of them 🥳
he’s mostly on Telegrams, using the user.
# Ronalfx2
Thank you so much, Sir Ronal’ I never imagined to receive 8 lakhs rupees after investing in my trades with you. God is going to continue to bless you.
Sir Ronal's trading strategy is the best 💯. Making 7lakh biweekly is incredible! | Enjoyed a fun-filled retirement with amazing vacations!
Ronal’ has the technical analysis I admires the most. He’s risk management tactics truly delivers good results. He’s program of expertise has a wide presence across the internet at large
In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Flora Elkin's valuable insights and daily trade signals, coupled with my commitment to continuous learning, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Flora's insights. It's akin to finding a diamond in a coal mine.
Thanks to her insightful and forward-thinking market research, she is a trusted resource for traders trying to stay ahead in the hectic world of finance....
Flora’s market analysis is top-notch. Her advice and daily signals are highly accurate and worth following.
Again, you did an excellent presentation. I also read candlesticks and look for support and resistance levels (s/r). If these s/r levels are at Fibonacci key levels, all the better. I work my way lower from the monthly chart, then weekly, then daily. I find it is always necessary to understand the major trend direction. A 30 minute or 15 minute chart with an 8/13 EMA crossover is usually very helpful in setting the trigger (entry or exit). I am now 74 and have been trading since 1982. Back then, I constructed my own charts using Lotus 1-2-3 and I identified s/r levels using point and figure charts. Once candlesticks became available to me I quickly became convinced that candlesticks told the most important story - especially the indecision doji's, inverted hammers, and spinning tops. Once again, Riley, I think you do excellent presentations. Here is some advice for those who follow you: “If you study something long enough you see what others don’t. Some people cook, I study charts. In both cases, if you don’t study hard enough you get burned.”
Using indicators over multiple timeframes is how to do it properly for me. I've traded with and without indicators,I prefer using them. Everyone trades differently.
Great video again Riley. Thank you so much 🙏
I really like your explanations. Thanks Riley.
You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.
Riley you are such an excellent teacher !!! I just love your tutorials -
Completely agree. I’ve been trading 11 years. Tried every indicator based strategy there is. They look great in hindsight but dont work consistently in real time.
I have landed on using the line chart to get a nice clean visual of market and price action without noise of the candles. Then when I am marking out levels to trade from, stops, and take profit, I turn on the candles temporarily to fine tune and then go back to line chart. Line chart also lets you see super impulsive moves because it shows as one single straight line on chart. Which helps tell about trend and areas where price has paused and areas that might be good key levels.
I appreciate the simplicity your explaining. I'm still working on being able to have the time and money to trade, and the times I have had, I still struggle with the patience. I started learning about day trading in January. Your videos, and a couple other traders on TH-cam keep the motivation alive. I have 1 day a week I'm available to trade and on those days i need to remember to % gained not the amount of money per trade. I think having a trading a account with 5k and then practicing all the principles youve mentioned would be in my ball park... I'm yet to really get fired up about single micro contracts. id much rather be able to have a higher risk to begin with.
I'm so glad I found your channel. I really want to start trading but there were too many strategies; I just wanted to find one simply way and do it over and over until I was really good at it. This is exactly what you teach, thank you!
What's your view about regular candle sticks vs Heikin Ashi candles and looking out for doji candles?
Simple but effective strategy!!!!👍
Wise words.
Thank you very much for all the information, time and effort you put in. Through your videos, you save us a lot of time, effort and psychological fatigue. I do not know how to express my thanks and gratitude to you and your efforts, and I wish you more brilliance and success
I’ve noticed your finding support/resistance levels at a higher time frame, but are actually entering trades and watching for a breakout at 1 or 5 min; how do you delineate between weather or not to use the 1 or 5 min? Just curious
Nice educational video
Are you using premarket data on the 15min chart to find the zones?
Very good, simple, but strict...
Do you use Leverage?
What stocks or forex pairs do you actually trade?
Trust in the process, scale later.
In order to trade in my The5ers prop challenge, I'm applying the master pattern indicator.
Please do you have a community that you are mentoring,? greetings from Italy
What is your thoughts on ICT?
I have 3 unrelated questions.
1. What camera do you use?
2. What screen recording you use?
3. What editing software so you use?
I passed my The5ers challenges using the stochastic and Moving average indicators.
hi Riley . i do the same thing as what your teaching. on bitcoin. but i only seem to gain 10 -13 everytime. is it because the price of bitcoin. my ratio's never return hundreds of pounds. why is this? thanks
I passed my The5ers challenges using the stochastic and RSI indicators.
I assume your lot size is derivered from a Kelly criterion type equation?
On the other end: One could use Non-Linear Additive Models (that could be tuned based on fundamentals of the specific equity, your time frame, etc., all very complex), then "predict" the current price. You end up with a very simple line simular to an EMA - but without the lag. The "smoothed" line traces a current "median" path. The difference between predicted price and the current price is like the same info of "crossing the EMA," but 10 bars earlier (in the "now".)
However, I'm not convinced the lag is the full problem with indicators. I play with predictive machine learning, but I listen to you on how to trade, catch? To me, it's more that the market is an organic living organism, not a mathematical function. But, I see value in working that sort of tech into a scanner to help raise awareness about potential opportunities.
I'm certainly starting to figure this trading stuff out. I'm grateful to have you constantly reminding me of the critical fundementals.
I wait for the right candlestick to move. However, I always get stopped instantly .10 cents more times than I want. Any ideas?
Anyone know what highlighter/drawing tool he uses in videos? … and yes Riley, I hate indicators too. Vwap is the only one I use on stocks and Futures
Hi Riley
We want the Green Alien (GALIEN) Meme Coin review video..
I don't know whether the price of PEPE or FLOKI will be 1 dollar, but I'm sure GALIEN will exceed 2 dollars...
PEPE : 0.00001570 USDT - (There are 420 trillion PEPE.)
Green Alien (GALIEN): 0.0000112 USDT - (There are 850 Million GALIEN)
I'm scalping using Bollinger bands, stochastics, and RSI in my The5ers prop challenge.
Indicatondicators works fine when used properly. You're right that risk management is the most important thing. There's no such thing as a 95% win rate, only very low R:R.
I think a 1:3 rr is better mainly because if you go 1:2 and you win one lose one you can end up going in circles
That’s not true. You’d have to win 1 lose 2 to go in circles. You’re thinking of a 1:1 rr
@@empororkill5 okay lets say you risk 500 and go for 1000 you get the 1:2 now you lose a trade your back at 500
Err, nope. You risk 500 that you have, win 1000 then you have 1500. Lose 500, still have 1000. EmpororKill5 is correct.
@@PDeathDealersyou’re not BACK at 500, you’re UP 500 from 0. If you have 1000 to trade with, risk 500 & make 1000, you’re left with 2000. So then you lose a trade risking 500, you’re left with 1500. So you’re still UP 500, not back down to break even.
@@PDeathDealersnow with a 1:1 rr, you risk 500 to make 500, you win 1 trade, you’re left with 1500, then lose the next one, then you’re left with 1000. You’re talking about a 1:1 risk reward ratio. It’s literally in the ratio. 1:2, you win 1 trade, then you would have to lose 2 times to be back where you started.
Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator
CPR is a leading indicator ser.
You are welcome.
YesSirrr... RallyBullRaul 🔥🔥🔥💪💪💪💯💯💯
7:40 it’s not raw data you even said it for yourself, candle sticks are delayed too
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What do you mean with $800 "risk size"? What is that exactly? Do you mean your position size? Or do you mean you set your stoploss at -50% lets say, with a position size of $1600? Just an example but if we dont know the exact definitions then its hard to understand properly tbh.🙏
Love your video's man! 👌
This is why I started disregarding indicators completely. I only read the candles and go in intuitively. Lot less stress and less confluence signals to be concerned about. Never trade with a Lot Size lower than 20.0 else it's a waste of time. Also always trade with the trend...most important. Hedge funds screw themselves cause they can't put all their eggs in 1 basket so their results is lower than going all the way into 1 trade and get out. Monitoring all those trades and managing it is a total balls up.
What does lot size mean?
My favorite are the Vendor's who sell the crap indicator and then they want you to pay a monthly fee to learn how to use the indicator they just screwed you on.
used S&R breakout, 50EMA, and 200EMA as a strategy to pass The5ers prop challenge.
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spelled 'necessarily'.
I dont use indicators anymore either very distracting
Lol alot of indicators are only useful when they are popular turning them into a self fulfilling prophecy, but dont sleep on moving averages
Bruh it’s spelled **necessarily
26th view 🔥
2nd view 🎉
for credibility...check your spelling, Riley. Necessarily is spelt wrong. It does't look very professional.
"People who say that indicators don't work don't know how to use indicators."
you are bullsht. only been trading 17 years using the same indicators
this dude cant even spell
Haha yes but nobody cares, I can already spell fine so I need to learn trading. Not spelling ;)
The biggest lie is you
stratégy only good for dax? 9h to 11h30 ? petrol can t play this , so volatyle! dow et nas too i think