To minimise the price noise of min chart, is the use of renko the solution?

Renko will erase the nuances of price that make possible to extract some good information of the chart.

So heiken ashi erased the nuances too?

Or how to actually use the heiken ashi Sir? Thank you..

@@fractalflowpro фф

I'm glad you found it easy to understand!

Stay safe out here bro 🙏🏻🇿🇦

Email me

Which is the 4th one? I only know fractal flow strategy Market maker method Pitchfork strategy

Yea i've been using it on the 5 min chart for a while and it does work well, the way i do it is put the bol bands on 3 deviations from the mean line instdead of the 2 deviations (deffault) so aboud 99% of the price action takes place within the bol bands, so i go long or short when it crosses the outside band and close trade at the mean line and this strategy has about an 80% win rate but the time where it doesn't work is during a very volatile move where it gives fake signals and pretty much makes you lose a ton of money and the simple way to avoid this is just going on the higher time frames such as the 30 min or the 1 hour or just using other indicators to predict a sudden crash or a high move to the upside, till now i've been very succesful with it

Yeah for me too

Thanks for the feedback

From my experience, adaptive indicators are as bad as standard ones. I've never seen one that is capable of truly adapting to the market in the way it is supposed to.

The mathematics is not that complicated.

Precisely.

Take the time away from the indicators and pay attention to market structure. Then reintroduce the indicators when you can see potential in the structure with your own eyes and analysis. Market moves up, down, and parallel(sideways). Psychologically speaking, people chase after specifics. You can’t bottle what’s already been bottled. Numbers < data < people Trade < analysis < psychology < people What happens on the highest timeframe, there will be copies on the lower timeframes. Double top pattern on the higher timeframe can also found on the lower timeframe. Uptrend on the higher time frame? Same thing. How you apply yourself during trading and the results really speak for you. You can do it without the indicators. Give yourself a good chance to show yourself.

There are ways of using indicators, but many of the most famous claims associated with them are completely false.

Because good things are rare haha

So what do you recommend?

Yes sir. It's possible to automate institutional methods, but it's a nightmare.

Any everybody and his brother is trying to automate....you probably will not come up with anything that has not already been tried a zillion times. Every computer engineer is doing this.

Statistical Arbitrage by Cointegration. See the video description.

It is available in KZfaq itself.. Just select that option...

Yes!

Get rid of it

@@fractalflowpro thanks for the help. will do. I just realized I used one other indicator -VWAP. I didnt even think of it cause ive always had it on. Should I get rid of that as well?

@@user-hz7fe2pc1x I'm not too familiar with VWAP to give a honest opinion

@@fractalflowpro ok thank u. Im taking it, u dont use it, so ill try getting rid of it for a while and see how it affects my trading.

Was your trading affected ?

Yes, denial is a problem with these traders.

are you using tradingview? I couldn't get the settings to your specifications. I'm not sure if I'm doing it right.

Thanks, unfortunately I can't seem to see your whole reply for some reason. I've tried to look up why that's happening but I can't figure it out. I appreciate the response though.

Please let us know about your progress so far

@@dyingelectron4392 Well, I could write a book on what've learned & added within the last year or so since my post here, but as succinctly as possible the concept of "regression to the mean" never leaves my mind... I only trade based on 1 to 2 (or -1 to -2) on very short term charts of 1 day, meaning previous day into current day. I don't use this channel exlcusivley to enter a trade, it's just 1 of a number of possible confirmations (reversal candels, volume profile, support/resistance, VIX, TNX, $DXY, market internals). On any longer term charts I find Standard Deviation or Mean Regression Channels most directly useful for spotting "pivot points" of support/resistance along angled lines (most traders only use horizontal support/resistance lines & perhaps drawn in angled trend lines but never think to run a mean regression channel from for instance the recent swing low point to current, similar to if you were adding a Fibonnacci chart). It's all enabled me to remain a successful trader. MOST IMPORTANT: The addition of directly watching VIX, TNX & $DXY to help directly time entries & exits adds incredible trading ability; similar to what the author of this video says about "needing something external to the trades we're in for perspective" vs just "indicators." Also watching market internals (Advance/Decline & $TICKS primarily) helps me know what kind of day we're having and when to go heavier or stay lighter in trades in general... Hope you're doing well, and progressing in your trading.... Best to you, & everyone!

Indeed

TA works, however you are confusing FOMO, fear, greed, positioning sizing, not using stop losses, revenge trading for why most traders fail. EMOTIONS kill you not TA.

Have you ever wondered why thoses things you described are so common with traders who use TA?

If it produces profit it's not bullshit. TA is just a lens. And any lens is better than no lens. Even if it's not the best lens. 20% of understanding beats 0%of understanding. It only seems futile to those with +20% understanding.

There are better lenses

Thank you, but that's not hard to do in a place where everyone talks about scalping and moving averages.

@@fractalflowpro yes, my friend and I, are working together to learn how to trade and I came across your videos, I was just telling my friend that you and your work is on a completely different level. Thank you for sharing this.

Great. I hope it helps.

There are certain technical indicators that can be used in specific situations, but most of them cannot be used effectivelly. Econometrics can be used if you have a good platform.

Find a legit trader who is making consistent money...month after month...year after year...and very very few of them use indicators. If indicators actually worked.....the market would know this and manipulate them just like they manipulate your stop loss below the support line.

​@@garrydye2394 You can only manipulate so many types of moving averages on different settings and different timeframes. Trends always have to happen, and moving averages will show it visually.

You can read the book also

@@fractalflowpro I'll definitely read the book as I'm studying these techniques as part of my studies

Ahhh! How many deviations do you go out on your charts? I use 4, since some stocks tend to stay over 3 for a while before finally pulling back

@@masteringtao6320 people must do what is working for them i trade technicals

Our gut instinct evolved to avoid lions in the savanna. Not to trade the markets.

I agree. You can estimate it based on statistical stability or repeatable patterns though.

The closest thing you'll get to the "holy grail" (even though it's a stupid term), it's something called cointegration. It solves a major problem that most traders don't even know they have.

@@fractalflowpro not even close

haha sure.. please educate me on the holy grail

@@fractalflowpro why should I?

Your moving average with undisclosed settings ignores the fact that the settings vary with time. You don't realize the contradiction in your point of view.

Thank you

Do it!

What is econometrics all about?

@@khanyisilemkhize4191 watch the video again.He explained that its a combination of Economics and Statistics. in this context its a mathematical approach to technical analysis

Whenever some opportunity becomes too obvious, it disappears.

Technical analysis is not subjective. Price Action analysis is subjective.

@@fractalflowpro TA is subjective! PA is objective but our interpretation of it is something else!

That's a not a very practical road to go down to.

@@fractalflowpro the unanswered question still standing, all our information is lagging, can we use that info to predict the future or not?

@@jeskg720 This is not so much about prediction as it is about estimating, and yes, you can estimate it with good chances. There are no guarantees though as we are dealing with Brownian motion.

What a dumb thing to say . @jes kg

@@zaynr1605 why dumb? if we want to excel we have to think outside the box. There is a reason for why watching a candle stick video wont make you a millionaire.

I didn't invent econometrics. It's an established science.

They can be useful in trending markets as well. The point is that it's not really possible to know when a sideways market will turn into a trending market and vice versa. That's the problem.

@@fractalflowpro I think it's all about price action and fundamental analysis.

Yes, price action analysis is much better than technical indicators for the most part.

@@fractalflowpro to start a beginner of crypto/ stocks/commodities, if the indicators are wrong which strategies to use?

@@fractalflowpro risk management, are there any secrets?, is there an effective strategy you recommend?

Ww unafanya kazi kampuni Gani😁😁

Another Kenyan here

It's not the holy grail of trading. The holy grail doesn't exist. Price action is a good method though.

Quite generic, isn't it?