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    Thread: Indicator gives different result to different traders (part 2)

    1. #51
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      This happen, but we cannot expect an indicator used on the daily time frame to gives the same result as when used it on the 1hr time frame, in fact it won't give the same result in fact there are Some indicators that are best used with the higher time frame than when it's used on the smaller time frame, so I will recommend us to be using the higher Time frame while making our analysis


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      I think that all indicator has it's own style and own method of calculation. So, if you use the same indicator then i think it will show you the same result but it's fully up to the trader that how he take the result and how he made the calculation based on the indicators result and market condition. So, i think if you use the same indicator in same style then the result will be same but the difference is when you calculate the market probability by the result.


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      All traders have different mindsets and there could be other factors too effecting the process in which they make decisions. So traders might get different information from the same indicators, but it won't be too big a difference since the indicator by default would have some set rules.


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      Indicators just help the traders to find the market movement, but we should not rely on them fully, it will be better depend on your own analysis and strategy because traders have different trading styles, some traders trade on price action and support & resistance so I believe some indicators are very helpful we should use them to make better our trading quality and get a positive result of trading.


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      An indicator is simply a visual aid that simplifies the information on the chart and provides a means of executing your forex trading successfully. The result you get from using any indicator depends on the effectiveness of your forex trading strategy and its proper execution.
      POSSIBILITIES ARE INFINITE IN THE FOREX MARKET, YOU CAN ACCOMPLISH ANYTHING !


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      You are right, indicators interprets different things to the trader. Though, in the actual sense, indicators give the same results, but traders tend to interpret these results differently. That is where the problem is. And when a trader fails to interprets the message correctly, he makes loses, then blame it on the indicator.


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      Indicators can be used to get moving price data for a certain period of time. The determination for entry is us. We actually use an indicator only to help the data be collected for us to make a decision to enter the market. For what I see, the indicators are very helpful and we can make them as a guide for entry.


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