trading.nifty
The only Reality for any given trade in the market is either a
Profit or a Loss.
The Ultimate Reality, after a bunch of trades, that everyone seeks in the market is
Profit.
Unless you don’t know how to use your tools effectively - everything is an illusion
“ When the only Tool you have is a Hammer,
everything looks like a Nail”
The wheel has been discovered/invented ages ago, but its shape is still the same. The only thing that has changed in a wheel is the design. Tomorrow, if you find something new that would replace a wheel/Circle (in any form) than are you going to call the wheel as an Illusion?
Technical indicators have been in use for many decades now. All those technical indicators/system are invention /creation of some traders who made a/some fortune (and or helped others) using them either individually or in combination of other indicators. Those who have understood and followed the rules have used it to their advantage and those who couldn’t or were not satisfied or content went in search or creation of others.
You started your post with the title:
Why Technical Indicators Dose Not Work ?
This, At first gives an impression that you are asking a question possibly because you must have not achieved any success by using them and are trying to understand -why?
But then you end your post by saying:
If you believe that it dose not work..
I will discuss latter..
Implying you have discovered or learned something that you want to share with the members, but not before you find what others think about your question/ a debate. (And it is pretty obvious you will find – initially explanation and later opposition.)
Then later on, in post no 27, you come up with the idea of Reality and illusion. All is fine until this point. But what is annoying with post 27 is that you straight away discredit all technical indicators stating that it is an illusion. It is like one is blaming his tools for his failure.
Considering what ever you posted until now – don’t you think all this has an
undertone similar to that of a <some> fundamentalist (think whatever comes to your mind that does not have anything to do with markets) who does not respect any existence of the other. We have friends, here, who have had rough arguments as to which is best FA or TA (I still don’t understand why?), AND now we have a new question for a debate/argument!!!
No,
don’t get me wrong. I strongly believe you have started this thread with good intentions and you want to share and help others to make some money by following a new(possibly) method ( which I hope will not use any technical indicators in any form) which is praiseworthy, and I welcome that wholeheartedly.
:thumb:
Wish you all the best and hope your system will be as good as what others are using if not better.
:thumb:
Looking forward to your explanation about Reality