Does a trading strategy becomes obsolete?

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Quote from: Kgdktac on January 28, 2023, 03:33:37 PM

it's not about finding the one "best" indicator or strategy, but about developing a trading plan that works for you, and continuously testing and adapting it. A good trader is one who can adapt to the ever-changing market conditions, and not just rely on one indicator or strategy.

continuously learning and staying updated on market developments and new techniques can help you be a winner consistently

There is no way trading strategy will not become obsolete as the crypto market changes along.
Trading need to be updating our trading strategies just will we are updating our portfolio and softwares every time to fit to a new environment.
The market changes everytime that is why sometimes the strategy we use last time might not be that effective again because the market had changed pattern and things will be moving in another different directio.
Since the marketdoes not move in one direction, we need to know what we are doing amnd adjust our strategies to meet up.

Osama Maaz

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In my opinion any indicator or other parameters can help us to make some good decisions but they are not correct all the time ,
Before starting any trade you need to collect all the market information market sentiments , traders fear and greed index and one most important thing is when everyone is saying that market goes up or down it will react inversely so be vise and good luck , Try to ride the trend with proper SL .

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Quote from: TimeTeller on January 19, 2023, 04:36:06 PM

Quote from: Cling18 on January 19, 2023, 03:48:09 PM

Quote from: tjtonmoy on January 15, 2023, 02:07:13 PM

The whole market keeps on moving depending on how traders buy and sell. If there's only one or two strategy to trade in the market, then the whole market won't be moving at all, or moving towards only one direction. And people will create some new strategy to overcome the situation. From my point of view, nothing becomes obsolete in crypto market. If so then no one will be making loss or profits. Different people use different strategies based on the market situation they are in.

Any trader can create their own strategy depending on the market situation. There's no uniform strategy for everyone and I guess that's one of the reasons why the market remains volatile. Trading strategies will not be obsolete. It could change depending on the situation but people will still use and apply it. New strategies exist each day as traders discover their trading techniques and they will surely continuously develop in time.

Remember also that every coin has their own features, hence, you can't apply the known strategy that you know of.
Each project is unique, so it depends on their performance on the market how you will attack them.
It means, you will not run out of strategy because there are so many and it is not specific to a certain coin.
What you can do better is learn more about the project, its progress and what do you think is the plan of its developers?

I think that the strategies in the trandig are not obsolete, because as time goes by they can be given another name, because the same traps, the same strategies have been applied since the year 1800, when the great speculators like Wyckoff were in full swing. like Livermore, they are great traders who at that time understood the market and made good moves in the market, got big profits and also losses, the market over the years has changed its ways of operating but the strategies are still my way to see the same The mushrooms, the pyramids, and the way of sometimes cheating with stocks has been repeated in all markets.

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Quote from: Kgdktac on January 28, 2023, 03:33:37 PM

it's not about finding the one "best" indicator or strategy, but about developing a trading plan that works for you, and continuously testing and adapting it. A good trader is one who can adapt to the ever-changing market conditions, and not just rely on one indicator or strategy.

Of course you said it right, I mean strategy adjustments can be made based on market condition and also trading plan. Nothing obsolete, but maybe not always profitable. One strategy or another can be applied consistently if in the end the trader can profit from it, but of course adjustment are needed because the market is constantly changing.

One thing they need to emphasize, avoid trading for assets that have high hype which are likely to only last short time. The high risk there is mainly to lose money, and of course it has never been more recommended.

Kgdktac

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it's not about finding the one "best" indicator or strategy, but about developing a trading plan that works for you, and continuously testing and adapting it. A good trader is one who can adapt to the ever-changing market conditions, and not just rely on one indicator or strategy.

continuously learning and staying updated on market developments and new techniques can help you be a winner consistently

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: TimeTeller on January 19, 2023, 04:36:06 PM

Remember also that every coin has their own features, hence, you can't apply the known strategy that you know of.
Each project is unique, so it depends on their performance on the market how you will attack them.
It means, you will not run out of strategy because there are so many and it is not specific to a certain coin.

The major strategy is the same for most of the coins. Your basic should be to buy low and then sell high. Nothing more needs to be given importance, just treat the assets as numbers forget for the time being that someone has created the project and attempting to sell it the people.

The less emotionally attached you become, the more successful you will be in trading.

Quote

What you can do better is learn more about the project, its progress and what do you think is the plan of its developers?

One thing I might say here is that the developers are never going to help you in any manner, take their words with a grain of salt. This mistrust is highly prevalent in the crypto community and the project owners have done nothing to improve the situation.

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Quote from: Cling18 on January 19, 2023, 03:48:09 PM

Quote from: tjtonmoy on January 15, 2023, 02:07:13 PM

The whole market keeps on moving depending on how traders buy and sell. If there's only one or two strategy to trade in the market, then the whole market won't be moving at all, or moving towards only one direction. And people will create some new strategy to overcome the situation. From my point of view, nothing becomes obsolete in crypto market. If so then no one will be making loss or profits. Different people use different strategies based on the market situation they are in.

Any trader can create their own strategy depending on the market situation. There's no uniform strategy for everyone and I guess that's one of the reasons why the market remains volatile. Trading strategies will not be obsolete. It could change depending on the situation but people will still use and apply it. New strategies exist each day as traders discover their trading techniques and they will surely continuously develop in time.

Remember also that every coin has their own features, hence, you can't apply the known strategy that you know of.
Each project is unique, so it depends on their performance on the market how you will attack them.
It means, you will not run out of strategy because there are so many and it is not specific to a certain coin.
What you can do better is learn more about the project, its progress and what do you think is the plan of its developers?

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Quote from: Cling18 on January 19, 2023, 03:48:09 PM

Quote from: tjtonmoy on January 15, 2023, 02:07:13 PM

The whole market keeps on moving depending on how traders buy and sell. If there's only one or two strategy to trade in the market, then the whole market won't be moving at all, or moving towards only one direction. And people will create some new strategy to overcome the situation. From my point of view, nothing becomes obsolete in crypto market. If so then no one will be making loss or profits. Different people use different strategies based on the market situation they are in.

Any trader can create their own strategy depending on the market situation. There's no uniform strategy for everyone and I guess that's one of the reasons why the market remains volatile. Trading strategies will not be obsolete. It could change depending on the situation but people will still use and apply it. New strategies exist each day as traders discover their trading techniques and they will surely continuously develop in time.

It is very important to adapt to the situation and develop new strategies for this will become effective. Yes, it will vary depending on the market situation that is why we also have to analyze the market so well and take action fit to the situation. Maybe people say it was obsolete because they are losing but the reason is that they are using those strategies in the wrong way and in the wrong time. Old strategies will remain useful but of course, we need also to create another one that can be more effective as the market has changed.

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Quote from: tjtonmoy on January 15, 2023, 02:07:13 PM

The whole market keeps on moving depending on how traders buy and sell. If there's only one or two strategy to trade in the market, then the whole market won't be moving at all, or moving towards only one direction. And people will create some new strategy to overcome the situation. From my point of view, nothing becomes obsolete in crypto market. If so then no one will be making loss or profits. Different people use different strategies based on the market situation they are in.

Any trader can create their own strategy depending on the market situation. There's no uniform strategy for everyone and I guess that's one of the reasons why the market remains volatile. Trading strategies will not be obsolete. It could change depending on the situation but people will still use and apply it. New strategies exist each day as traders discover their trading techniques and they will surely continuously develop in time.

tjtonmoy

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The whole market keeps on moving depending on how traders buy and sell. If there's only one or two strategy to trade in the market, then the whole market won't be moving at all, or moving towards only one direction. And people will create some new strategy to overcome the situation. From my point of view, nothing becomes obsolete in crypto market. If so then no one will be making loss or profits. Different people use different strategies based on the market situation they are in.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

It's true, there isn't one strategy that is going to work forever and will always make you money. Whoever is trying to sell you such a strategy is not telling you the complete truth. Markets are very dynamic, there are so many different traders that are always looking for a new strategy. Which means that a profitable will attract a lot of traders, that is going to make the strategy less profitable over time. It's important for any trader to constantly reevaluate our strategies and stop using them once they are not profitable anymore. This also includes to not trust blindly any trading guru. They might have their motivation to promote a certain strategy and we need to make up our own mind. The best is to not put all our money on strategy and rather split it out across multiple coins and multiple strategies.

stadus

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Quote from: monineklutak on January 08, 2023, 03:01:58 PM

in a bearish market like now, the ratio for success is very small, because the market tends to fall and makes prices like altcoins very dangerous,
cases such as FTT, CELCIUS and LUNA have provided evidence that trading strategies are not successful. I have proven this in the past year and lots of lose that I get,
but during a bull market, the trading strategy you use I'm sure will always work.

I tend to agree that the situation is not really for traders to make a profit this time but it was not because of those scams like you have mentioned, it is because we are in the bear condition. However, I'd never think this will make trading strategies become obsolete, maybe we could it was not effective at this time but we also have to note that it works perfectly for all traders, and also it depends on the market condition.

It will work eventually if we trust them.

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Indicators are driving force of the charts and I dont think they can disappear just like that. With
more advance techniques the analysis is further detailed but they take the help of indicators.
Every candlestick or any sort of ticker is representation of the total volume, with respective to
the timeline on axis X. I don't think it can go just like that. Considering its vital role in the whole
trading chart view and predictions it will gain more popularity and also give out rise to variety of
techniques to merge with automated trading. In fact it is the most effective traditional method to
do the technical analysis. True trader always gets more than enough info from these tickers, they know the importance in right way

wxa7115

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Quote from: monineklutak on January 08, 2023, 03:01:58 PM

in a bearish market like now, the ratio for success is very small, because the market tends to fall and makes prices like altcoins very dangerous,
cases such as FTT, CELCIUS and LUNA have provided evidence that trading strategies are not successful. I have proven this in the past year and lots of lose that I get,
but during a bull market, the trading strategy you use I'm sure will always work.

No trading strategy can help you to predict those kind of brutal crashes that we experimented, and it is because of this that it is important to also add to whatever trading strategy you use some sort of fundamental analysis.

And while doing such a thing cannot help you to avoid every single scam or bad project out there, it will help you avoid the majority of them, and this is invaluable as there are many traders out there which do not care at all about the fundamentals of the coin they are trading as long as they can make money with it, and at least to me this is kind of view is a huge mistake since you never know when a coin that may seem to be doing well on the surface can crash and wipe out your savings, and those three coins are a very good example of what I am trying to convey.

monineklutak

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in a bearish market like now, the ratio for success is very small, because the market tends to fall and makes prices like altcoins very dangerous,
cases such as FTT, CELCIUS and LUNA have provided evidence that trading strategies are not successful. I have proven this in the past year and lots of lose that I get,
but during a bull market, the trading strategy you use I'm sure will always work.

virasisog

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Trading strategies will never be obsolete because even small time and beginners and trading could apply or even create their own effective strategies. Technical analysis will always be a big help in trading and is still being used by professional traders.
Trading strategies will work and will always be helpful especially if traders would know how to apply them in all types of market conditions. Trading will always be challenging and new strategies could possibly exist but having complete knowledge about their application will always be an edge.

Peanutswar

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This thing still depends on the investors, if they know how the market moves too for sure they would like to make manipulation like it what happens when Elon musk makes a tweet regarding bitcoin the coins goes dumped because of this kind of action, even though you have a good technical analysis if there's a manipulation with the whales there's a huge impact with it. Also not everyone in investment really makes an invest with their marketing strategy some of them just put it on and wait for their long term trading plan.

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I do not think that any commercial strategy becomes obsolete, quite the contrary, I think that one way of trading is through how the great traders of the years 1800-1900 did, which was crazy, these techniques are always going to prevail over time, which are the same as now, but some have given them some kind of name, and that is what makes them different and of course now there is more technology, there are better tools to analyze the markets, I think that there are so many things and tools that it is not known how a commercial strategy can be, if the market speculators had entered at this time I think they would have made a lot of money.

nurilham

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I thought it would not be like that. The trading strategy will still work if the strategy is in accordance with its development. This means it will depend on what kind of strategy is used. Analytical techniques will certainly develop on a regular basis in accordance with technological developments and also charts on the market. Maybe the same trading strategy will not always work, therefore, this is the function of evaluating each trading activity so that we can evaluate whether the trading strategy is still working or not. But on the other hand, trading strategy with indicator analysis is not the only thing being done. To get maximum ahsuil, we also have to understand Fundamental analysis and have good enough emotional management so that we can support our strategy to be more successful and reduce pressure.

Captain Corporate

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No trading strategy ever becomes obsolete if it worked at some time or another. The ones that work are there to work again when the time comes. Its just hard to adjust a strategy to work at ALL times, that just doesn't exist at all. I understand some people would prefer it if that was the case, like have one strategy and not work or think about that ever again, but that's not going to happen and that doesn't exists. So the best thing to do right now would be making sure that you are making a profit this way more than you should, and that's a pretty good deal, and then when the time passes, put it at bench and bring out the new one and cycle them that way.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

They do not become obsolete, but some of them work at some times, and some others work at other times. So if you learn what RSI is, then you could make a move and at times it will be the right move, and at times it will be the wrong move.

This is because there is also other things than the chart that decides the movements of bitcoin. Like lets say it looks oversold, and it will have a correction and it should go up right? Then something happens like FTX and it goes down even more. This doesn't mean that RSI is bad, doesn't mean it wasn't oversold, it just means that you happened to bought it at wrong time and it will get better with time if you be patient.

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Quote from: Viscore on January 07, 2023, 04:29:17 PM

Quote from: TheUltraElite on December 20, 2022, 03:21:00 AM

The reason why you thinking like this is because trading strategies are not 100% correct strategies at all. The reason why self-proclaimed gurus are going to promote them is to gain their own popularity and spread their own shitcoins. No strategy will ever be a full proof one.

The only thing that is going to help is buying low and selling high. Rest all indicators are going to only give a prediction and that too will end up 50% correct.

Eventually what I have learnt is that day trading is tough, but in long term trading, just stick to what I said, you will gradually gain profits.

Precisely, there can be no perfect strategies that will make you profitable at all times. They may be completely working at its early days but eventually, some turned out to be not working anymore that’s why strategies need to be improve and become advanced. But I don’t see them becoming obsolete and end up useless in time, of course they can still be useful but you need to know where they can be mostly helpful.

^Definitely right.
It should be 2-3 attempts that will become a failure and I think you need to proceed with other strategies and never stick to one strategy.
If this will not work for you, don't push yourself to use the same strategy because we have plenty of strategies that probably we use. However, this is only a tool in trading but strategies are only tools that we can use in trading. We cannot fully rely in our strategy, sometimes we need to hear news and events that could technically move the price. But at least this strategy will help you to increase your chances in predicting the price.

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Quote from: TheUltraElite on December 20, 2022, 03:21:00 AM

The reason why you thinking like this is because trading strategies are not 100% correct strategies at all. The reason why self-proclaimed gurus are going to promote them is to gain their own popularity and spread their own shitcoins. No strategy will ever be a full proof one.

The only thing that is going to help is buying low and selling high. Rest all indicators are going to only give a prediction and that too will end up 50% correct.

Eventually what I have learnt is that day trading is tough, but in long term trading, just stick to what I said, you will gradually gain profits.

Precisely, there can be no perfect strategies that will make you profitable at all times. They may be completely working at its early days but eventually, some turned out to be not working anymore that’s why strategies need to be improve and become advanced. But I don’t see them becoming obsolete and end up useless in time, of course they can still be useful but you need to know where they can be mostly helpful.

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the only times trading strats become obsolete is when you are dealing with meme coins, their movements generally are so strange that I don't think your usually technical analysis would matter.
I think overall if you still follow textbooks technical analysis there bigger chance of you still making profits mainly because the others are also following the same pattern, but nowadays, it seems holding for long term have better roi than just trading whereas your profits is still uncertain.
I'd say you should be trading only if you have any skill of doing some technical analysis and already knows some trading strats otherwise it'd be hard for getting some good returns.

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Quote from: wxa7115 on January 02, 2023, 11:30:55 PM

Quote from: Lida93 on December 30, 2022, 09:03:27 PM

Every strategy or indicators have it's functionality each thereby playing it's different roles to bring the traders to conclusion on what decision or action to take for his trade or trades as the case may be, what every good trader needs to understand is that you don't need to trust just on one strategy , you need to bring in different strategies or indicators towards any trade you want to execute and see how they align with your instinct about such trade. No indicator looks obsolete it only depends on how monotonous you're using it and then it seems obsolete to you cause it's no more working for you as it were that doesn't mean it ain't working for the next trader.

And this is what makes trading so complex, if you use one time frame bitcoin may look bullish, but if you use a different time frame suddenly it looks bearish, similar indicators could also give you contradictory signals while you also read all kind of opinions about what the price is going to do by experts and newbies alike.

So it is up to the trader to make sense of all the noise that surrounds the markets, and if you cannot do it then it is going to be almost impossible to succeed as a trader.

That is why you should consider the big picture. There are also traders who don't use indicators and rely only on charts, like "naked traders." These are simply tools for our biases to use before entering a trade to see if there is confirmation from our strategy. With all of those noises (indicator signals, news, etc.), that is where your strategy comes in on what to follow, which is the most crucial part of trading, so it would be impossible that strategy would become obsolete as this is what we use before we trigger our trade.

adzino

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There is no such thing as perfect trading strategy that will keep on giving you profit. Some strategies might work due to luck, but eventually it will become obsolete. If such strategies exist, literally everyone would be trading to make profit, right? The market isn't always the same and it changes every second. Anyone trying to sell you the perfect strategy is only trying to scam you. The best strategies can help you is keeping control of your loss.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Says who? RSI has been existing for trading for several decades (1978) and has still been used by many traders. The same goes for MACD, except that markets have their time when indicators seem to work better or worse with them. There are some bad market conditions, and indicators are not to be blamed in this regard. If it were to be another indicator, I would have said that the trader might be wrong about its efficiency from the beginning, but not with the RSI and MACD if used properly.

Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

Do not let the so-called Gurus deceive you, there is nothing new trading strategy in the market anymore, they could only deceive you that they have created a strategy, but the strategy has been in existence for long. Even though their software is using a well-known strategy, except that you might not know what they code in it. And if you are not satisfied with this, I challenge you to name a new strategy, I will tell you the year I learned it because no trading strategy is new to me.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

There is nothing absolute in trading, no matter how smart a trader is in analysis and other knowledge, he will still be wrong and resulting in losses.
Currently what is quite absolute is about the 4 year cycle and it has been repeated several times, traders who continue to use this method buy a lot when they are bearish and sell them when they are bullish get big profits.
Learning from the experts is very good but still using your own analysis is much better to find out which ones are still lacking in our analysis.

WalkerIVIV

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strategy never becomes obsolete it's just some coins are indeed straying away from the conventional pattern and instead just increase in value out of nowhere, you see some meme coins basically doing this all the time.
I think nowadays strategy is still essential but just never rely on it too much I guess, after all some coins that purely gets driven by trend could score some really significant increase.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

It doesn't become obsolete but when everyone applies the same strategy the effectiveness will becomes less so only who thinks out of the box will sustain and other who trade by books will be just same as others.

Technical analysis is only a part which highly involved in short term trading but the basic is simple buy low and sell high which will never change so sticking to basics is important no matter what strategy we are trying.

wxa7115

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Quote from: Lida93 on December 30, 2022, 09:03:27 PM

Every strategy or indicators have it's functionality each thereby playing it's different roles to bring the traders to conclusion on what decision or action to take for his trade or trades as the case may be, what every good trader needs to understand is that you don't need to trust just on one strategy , you need to bring in different strategies or indicators towards any trade you want to execute and see how they align with your instinct about such trade. No indicator looks obsolete it only depends on how monotonous you're using it and then it seems obsolete to you cause it's no more working for you as it were that doesn't mean it ain't working for the next trader.

And this is what makes trading so complex, if you use one time frame bitcoin may look bullish, but if you use a different time frame suddenly it looks bearish, similar indicators could also give you contradictory signals while you also read all kind of opinions about what the price is going to do by experts and newbies alike.

So it is up to the trader to make sense of all the noise that surrounds the markets, and if you cannot do it then it is going to be almost impossible to succeed as a trader.

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Quote from: Lida93 on December 30, 2022, 09:03:27 PM

Every strategy or indicators have it's functionality each thereby playing it's different roles to bring the traders to conclusion on what decision or action to take for his trade or trades as the case may be, what every good trader needs to understand is that you don't need to trust just on one strategy , you need to bring in different strategies or indicators towards any trade you want to execute and see how they align with your instinct about such trade. No indicator looks obsolete it only depends on how monotonous you're using it and then it seems obsolete to you cause it's no more working for you as it were that doesn't mean it ain't working for the next trader.

the more experienced the trader, of course, the more strategies they use to plan trades.
some techniques may not be suitable for certain market conditions. and some traders sometimes use other trading techniques to get profits depending on market conditions.

situations that may be different may be experienced by new traders. a very little experience and skill, of course, more they are just guessing.

Lida93

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Every strategy or indicators have it's functionality each thereby playing it's different roles to bring the traders to conclusion on what decision or action to take for his trade or trades as the case may be, what every good trader needs to understand is that you don't need to trust just on one strategy , you need to bring in different strategies or indicators towards any trade you want to execute and see how they align with your instinct about such trade. No indicator looks obsolete it only depends on how monotonous you're using it and then it seems obsolete to you cause it's no more working for you as it were that doesn't mean it ain't working for the next trader.

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Quote from: boyptc on December 19, 2022, 03:25:08 PM

Nah, they won't become obsolete.

No matter what happens to the market, these strategies will remain and will still be applicable mostly to the markets where it's been mostly used. That's why even in other markets, these have been tried and seen to be a good indicator.

It's just so happen that there are too many of them and you've got to choose what's proven to be good and effective. They might not work for sometime and that's why there are other strategies you can work for.

Strategies are built not to become obsolete and outdated when time comes. Sure some might not be working in a bearish market condition, but it can still be considered effective when the market turns bullish as we find it easily to trade when the market is bullish. So strategies will not become obsolete, but we also have to improve them and enhanced them when we see they are not that useful anymore.

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Quote from: Wolfblood200$ on December 30, 2022, 04:28:22 AM

Well I'm new to crypto and a bit loss on the best strategy to take , I will be grateful if you issue out a reliable strategy to embark on

If you are a newbie then the best strategy would be long term investment and not trading. I know many people think that it would be better if they could end up with some profit in the long run by trading, because trading could make them a lot of profit if they could find the peak to sell and bottom to buy and keep repeating that and it's true.

But, newbies can't do that just yet, you need to learn a lot more about trading before you could take that risk and it is clear that we should be able to just invest long term until the price goes up and meanwhile learn the trading part of crypto during this time. It will give you both profit and time as well, and you will be ready.

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Well I'm new to crypto and a bit loss on the best strategy to take , I will be grateful if you issue out a reliable strategy to embark on

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Quote from: wxa7115 on December 28, 2022, 12:23:08 AM

Quote from: TheUltraElite on December 26, 2022, 04:03:52 AM

The main strategy should be to buy low and sell high. No other strategy is actually neede to make profits is this method is followed religiously and meticulously with patience. Because of the tendency of Bitcoin to go up and down in cycles the chances that you will gain from this method are huge but time taking and safer than altcoins on any time frame.

But that is not a strategy, that is the goal any trader wants to achieve, but how do you achieve this? That is what everyone would like to know, because the very moment in which you can develop such a method to make profits you can just forget about your money issues as you will be part of the 1% of the trades which make a good amount of money from the markets.

Unfortunately finding how to do this is incredibly hard and it takes months or even years of study, and that is a commitment that very few people are willing to take despite the immense rewards such efforts can bring them.

Imagine how you will know if it is already low and you need to buy?What will you do with it? It is impossible to predict without a strategy and indicators. You only look at it with your eyes? No, you need to check all the timeframes and check possible buying or selling points using your strategy. There is no easy way to easily learn this; you need to have patience and also the determination to continue learning, as you can't earn a profit in just one night; it takes months or years, and you'll go through a lot of mistakes before achieving your goals.

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Quote from: TheUltraElite on December 26, 2022, 04:03:52 AM

The main strategy should be to buy low and sell high. No other strategy is actually neede to make profits is this method is followed religiously and meticulously with patience. Because of the tendency of Bitcoin to go up and down in cycles the chances that you will gain from this method are huge but time taking and safer than altcoins on any time frame.

But that is not a strategy, that is the goal any trader wants to achieve, but how do you achieve this? That is what everyone would like to know, because the very moment in which you can develop such a method to make profits you can just forget about your money issues as you will be part of the 1% of the traders which make a good amount of money from the markets.

Unfortunately finding how to do this is incredibly hard and it takes months or even years of study, and that is a commitment that very few people are willing to take despite the immense rewards such efforts can bring them.

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Quote from: TheUltraElite on December 26, 2022, 04:03:52 AM

Quote from: KingsDen on December 23, 2022, 10:34:25 AM

Trading strategies don't go obsolete but it is the market that changes. The market is becoming more dynamic daily, so at a point the market will tend to defeat your strategy and at another point, the market will obey your strategies .
That is why it is good to always test your strategy and also have alternative strategy incase market rejects the one you hope on.

The main strategy should be to buy low and sell high. No other strategy is actually neede to make profits is this method is followed religiously and meticulously with patience. Because of the tendency of Bitcoin to go up and down in cycles the chances that you will gain from this method are huge but time taking and safer than altcoins on any time frame.

While there are methods to make loads from altcoins, they always come with an inherent risk and the chances that you get into losses quickly before you make any profit is more.

That's easier said, but I suppose it's hardly ever done, or else each and everyone of us in the forum, or the community for that matter, would have already been very VERY rich. Plus not only rich, but rich off the money that we would have been front-ran from those wealthy billionaires that came in during 2017, and 2021. Hahaha.

But if everyone is looking for another golden opportunity, it is HERE, and it is NOW. Start saving again, you have the whole of 2023 to buy Bitcoin and HODL.

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Quote from: KingsDen on December 23, 2022, 10:34:25 AM

Trading strategies don't go obsolete but it is the market that changes. The market is becoming more dynamic daily, so at a point the market will tend to defeat your strategy and at another point, the market will obey your strategies .
That is why it is good to always test your strategy and also have alternative strategy incase market rejects the one you hope on.

The main strategy should be to buy low and sell high. No other strategy is actually neede to make profits is this method is followed religiously and meticulously with patience. Because of the tendency of Bitcoin to go up and down in cycles the chances that you will gain from this method are huge but time taking and safer than altcoins on any time frame.

While there are methods to make loads from altcoins, they always come with an inherent risk and the chances that you get into losses quickly before you make any profit is more.

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Quote from: bittraffic on December 23, 2022, 10:42:32 AM

Quote from: Wind_FURY on December 23, 2022, 06:58:10 AM

Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

I believe it's cyclical. If a trading strategy has become very popular, its effectiveness will be not as much because the trades taken by such a strategy will be "over-crowded", and over-crowded trades will have a lot of "counter-trades" in the other side of the orderbook. Once the trading strategy's effectiveness is not as much, its popularity will become lower, and once it becomes lower, it's effectiveness will go up again. A cycle.

Overbought and oversold strategy is very popular, many traders indeed use it on the longer time frames which I believe works best that way like the weekly chart. The more traders use it, I think triggers a bull market especially when they all buy at the oversold level and hold it.

Using the strategy on leverage trading is what I actually wanna try more but I don't have the courage to do it all the time so because I'm too scared to lose quickly when the market goes in the opposite direction.

It's very popular, and often causes you to make the wrong decision during strong or weak markets. "Wrong decision" in terms of selling too early. During bull markets when the surge is strong, many "traders" who strictly follow Overbought/Oversold oscillators have the tendency to sell early because when RSI reaches 80, they sell. But the price continues surging more. It's probably also the same on the opposite direction when the price is crashing.

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Quote from: pawanjain on December 23, 2022, 10:55:55 AM

That is a very tough question to answer because the market behaves differently on many occasions.
Although we know that RSI is an easy indicator that tells us when the market is overbought or oversold yet we sometime tend to take wrong trades.
Yet the market goes in the opposite direction than we predict. This is why many lose money.
Experience is much needed when it comes to trading. Indicators play a supporting role in our trading journey.

Among the many reasons why I don't like trading, I think your explanation I quoted is one of them. The market is never certain, it can move in the opposite direction than expected, and all of that makes me prefer investing over trading.

Of course many people will continue to trade regardless of whether they are an expert or not. Knowledge and experience will play a part in doing so, but success is highly uncertain. I can only say long term investing is still a good option for people like me, but that's not a problem at all.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

That is a very tough question to answer because the market behaves differently on many occasions.
Although we know that RSI is an easy indicator that tells us when the market is overbought or oversold yet we sometime tend to take wrong trades.
Yet the market goes in the opposite direction than we predict. This is why many lose money.
Experience is much needed when it comes to trading. Indicators play a supporting role in our trading journey.

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Quote from: Wind_FURY on December 23, 2022, 06:58:10 AM

Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

I believe it's cyclical. If a trading strategy has become very popular, its effectiveness will be not as much because the trades taken by such a strategy will be "over-crowded", and over-crowded trades will have a lot of "counter-trades" in the other side of the orderbook. Once the trading strategy's effectiveness is not as much, its popularity will become lower, and once it becomes lower, it's effectiveness will go up again. A cycle.

Overbought and oversold strategy is very popular, many traders indeed use it on the longer time frames which I believe works best that way like the weekly chart. The more traders use it, I think triggers a bull market especially when they all buy at the oversold level and hold it.

Using the strategy on leverage trading is what I actually wanna try more but I don't have the courage to do it all the time so because I'm too scared to lose quickly when the market goes in the opposite direction.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

Trading strategies don't go obsolete but it is the market that changes. The market is becoming more dynamic daily, so at a point the market will tend to defeat your strategy and at another point, the market will obey your strategies .
That is why it is good to always test your strategy and also have alternative strategy incase market rejects the one you hope on.

Wind_FURY

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

I believe it's cyclical. If a trading strategy has become very popular, its effectiveness will be not as much because the trades taken by such a strategy will be "over-crowded", and over-crowded trades will have a lot of "counter-trades" in the other side of the orderbook. Once the trading strategy's effectiveness is not as much, its popularity will become lower, and once it becomes lower, it's effectiveness will go up again. A cycle.

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Quote from: Natalim on December 23, 2022, 05:53:55 AM

These trading strategies that OP mentioned can only be obsolete when no one becomes a trader. Strategies can be improved in other ways but it doesn't mean that the old strategies are already useless. Traders have their own strategies, sometimes they created their own but guess what, it was mostly just a twist to the old one. We can say that the foundation is from the old one meaning traders still give value to them even though they are not using it literally.

Trading is a knowledge built together and as they say no knowledge is lost or useless so also trading strategies. Like you said, old strategies can be reformed into new one to fit into the current challenges in the market. This how strategies are built and it becomes new one especially if it has taken care of the laspes in your trade that is causing you losses. No trader likes to lose so they find ways to make their trading ability better. You build from old strategies to reform it into current challenges of the market.

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Quote from: BinarySumo on December 23, 2022, 05:18:13 AM

Interesting question! My answer is maybe. A trading strategy can become obsolete if the market conditions or the trader's goals change significantly. So, it is important for traders to continuously reassess their strategy and make adjustments as needed in order to remain relevant and effective.

However, it is not necessarily the case that a trading strategy will always become obsolete, as some strategies may continue to be successful over longer periods of time.

These trading strategies that OP mentioned can only be obsolete when no one becomes a trader. Strategies can be improved in other ways but it doesn't mean that the old strategies are already useless. Traders have their own strategies, sometimes they created their own but guess what, it was mostly just a twist to the old one. We can say that the foundation is from the old one meaning traders still give value to them even though they are not using it literally.

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Interesting question! My answer is maybe. A trading strategy can become obsolete if the market conditions or the trader's goals change significantly. So, it is important for traders to continuously reassess their strategy and make adjustments as needed in order to remain relevant and effective.

However, it is not necessarily the case that a trading strategy will always become obsolete, as some strategies may continue to be successful over longer periods of time.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

We don't need to compare ourselves as a beginner to experienced traders as they know a lot of things and even created their own strategies unlike us newbies who just keep relying on what we saw and read online, and these gurus. We never say these strategies become obsolete in the future as we don't have a strong basis for them. Maybe it was acceptable to say that there are other strategies but when it talks about TA, you will never imagine how important it was, it only differs from the person who uses it and creates different results.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold.

Sure they know how to use those strategies. But actually the result differs between each person trades the cryptos.
The result is different because of how people manage their emotions, their economy factors, how they interpret the strategies itself. They know the theory but once they do it by themselves, some of the lost.

Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

That's why we have so many strategies and use it based on our playstyles. Your strategies may not work for some of us and the opposite.

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Quote from: maydna on December 20, 2022, 11:34:24 AM

I agree that one day a strategy can become obsolete due to developments in the market. To anticipate this, we must continue to learn and trade. It is a learning process that does not stop unless you really stop trading.

You're right, to be successful you must learn to evolve and in the cryptocurrency market, the market steadily does evolve regularly so you'll have to evolve with it. Anyone that think one particular strategy will work for him or her during her trading lifespan is on the path of falling. It could work for something but sooner or later, it'll become obsolete.

Just like trading, in investing in coins we noticed that they have different trends in different times of the market. When it isn't a low cap gem period, you don't invest in those types of coin instead you go for the blue chip or you lose your investment.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

You are mixing two different concepts which are a strategy and an indicator, indicators can be part of a strategy to trade the markets but they cannot be a strategy by themselves, indicators like RSI and MACD are just formulas and they are as effective today as they were when they were created, so they cannot become obsolete as they are simply making more obvious to the trader a certain aspect of the markets.

However strategies can indeed become obsolete, especially if they are based on flawed ideas about the markets, however strategies which are based on a very solid understanding of the markets will most likely be effective forever.

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Quote from: karabiber on December 21, 2022, 04:21:21 PM

Indicators used when investing in the stock market are used to analyze the historical data of the markets and to predict future price movements. These can be used for different purposes such as spotting trends, measuring momentum and measuring volatility. These indicators can help traders better understand market conditions, but each has its own advantages and disadvantages. Therefore, when deciding which indicator to use, it is important for traders to choose the one that suits their goals and strategies. For this reason, I don't think it will be an outdated indicator. It just has to be fit for purpose.

And it places a very important role when trading. This means that there is no way it becomes obsolete unless trading is no longer a profitable place to stay.
We might see some upgrades on the strategies we used and its diversification or a twist to the original way as this might be needed in order to cope with the market trend changes. But in general, trading tools remain effective depending on the trader who uses them. Might OP just tell us it was obsolete it is maybe because he is not a fan of using it?

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Indicators used when investing in the stock market are used to analyze the historical data of the markets and to predict future price movements. These can be used for different purposes such as spotting trends, measuring momentum and measuring volatility. These indicators can help traders better understand market conditions, but each has its own advantages and disadvantages. Therefore, when deciding which indicator to use, it is important for traders to choose the one that suits their goals and strategies. For this reason, I don't think it will be an outdated indicator. It just has to be fit for purpose.

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it's easy to say that indicators will be obsolete everyone will know how to use indicators, but in reality it will not be that easy. it's not just a matter of technical analysis indicators that play an important role in trading is psychology, everything will be influenced by psychology. No matter how good their technical analysis is, if psychology is not stable and easily panicked, the strategy will fail. Remember that technical analysis is not just about the RSI and MACD, but there is much that can be combined.

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Quote from: harizen on December 20, 2022, 06:35:42 PM

The market is unpredictable, therefore what indicators really indicates is obviously not 100% accurate will happened. Even if we know how to determine if it is overbought or oversold, do you think the majority will do the necessary actions to take advantage of that market scenario?

Our winning actions depend on our own approach to a given market situation.

It's useless that we know how to analyze something but in return no actions on our part.

Yes, that's right, the role of the indicator only helps to see the next price movement, and does not mean that it can be completely true because there are still factors outside of this (indicators) that must also be considered. Indicators make it easier for us to see what will happen in the future and with that we can determine what steps we should take after using the indicators we use.
Technical analysis is one that can be used to analyze market movements. This is one important part that should not be forgotten in my opinion.

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It doesn't mean that if it is already overbought or oversold, it would be going to other way. There are still instances that RSI and MACD are saying it, but still, it will continue to its direct. Indicators are only guiding us to predict its movements. Indicators will stay forever as long as trading exists because most professional traders use them, it is used like signals for them or confirmation of their strategy. Also, it is very useful to us traders unless you are a naked trader that wants a clean chart.

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Quote from: palle11 on December 20, 2022, 08:25:44 AM

Quote from: inthelongrun on December 20, 2022, 07:56:53 AM

But big news like the bankruptcy of FTX is probably the best and most reliable indicator.

Funny you here. What do you really mean ? So which direction are you expecting the price to go from your analysis of the FTX exchange scam? Yes investors expected that price will drop but yet we are not seeing that happen so far. So what is your analytical expectations of FTX scam from what you see and your prediction from it buddy? Grin

Yes, it is funny because it seems someone was not able to comprehend my message. Big news isn't a technical trading indicator but it can drive the market crazy and will always destroy TAs.

Are you even following the market mate? Have you not seen the market reaction when discrepancies were found on FTX and Alameda? And when CZ declined the buyout? Even the current market situation is still under a kind of domino effect with exchanges in the hot seats including Binance the largest crypto exchange.

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It's really difficult to answer this question because it's a Yes and no answer as most of the strategies out there do work well if you have a grasp and understanding of what parameters need to be seen before executing a trade. And In terms of being Obsolete, well once upon a time we had people trading with moving averages only and traders weren't as profitable as they thought they would and most moved on to support and resistance and same thing helped and have moved on to supply and demand which could suggest that some strategies do become Obsolete.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

...

I would say NO. Technical Analysis is still very important in trading, in fact, it is one of the most useful tools to use in trading. It can only be obsolete if everyone is not using it due to it being ineffective but as I see many traders are still using this (even me). Might see some upgrades on the trading strategies and new tools or TA can be upgraded into a more realistic one. But what really matters is how a trader uses TA or if they are really knowledgeable enough to use it. Otherwise, no matter how many trading tools and strategies are used, it is never profitable anymore if you can't do it in the right way.

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Quote from: ?? on ??

Dont know on why they do make use of the word obsolete which is that understandable that it wont really be that relevant.Why it has come to be obsolete consider these things arent that precise thing for us to
depend on?
Its true that things turns out to be obsolete is on the time that you cant already make out some analysis out of these indicators or tools which are freely to be used by someone.
It is really just depending on how you would gonna use it towards on guessing on what are the probabilities of next possible movement.

maybe just the wrong choice of words. strategies that have been used for several years will still be suitable because these strategies are already the best to implement. just make improvements to some indicators that can produce a better strategy. Those who cannot develop and cannot make a good strategy will feel that these indicators are no longer relevant, even though they are the only ones who have not been able to develop them.

Quote from: harizen on December 20, 2022, 06:35:42 PM

The market is unpredictable, therefore what indicators really indicates is obviously not 100% accurate will happened. Even if we know how to determine if it is overbought or oversold, do you think the majority will do the necessary actions to take advantage of that market scenario?

The majority of actions will never be the same, because trading using technical analysis is very complex, it will also be influenced by one's mentality in making decisions on trades. There's no point in knowing overbought or oversold if you can't take appropriate action.

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The market is unpredictable, therefore what indicators really indicates is obviously not 100% accurate will happened. Even if we know how to determine if it is overbought or oversold, do you think the majority will do the necessary actions to take advantage of that market scenario?

Our winning actions depend on our own approach to a given market situation.

It's useless that we know how to analyze something but in return no actions on our part.

kamvreto

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no trading strategy will become obsolete, unless you upgrade your own skills. Indicators are also always updated regarding functions and some necessary updates.
Trading strategies with technical analysis can be combined in such a way that many types of strategies can be generated.
But some professional traders usually use the same trading strategy to determine market conditions, and maybe only some of them upgrade. What becomes obsolete is not a trading strategy, but our ability to process indicators into a strategy that needs to be improved.

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Quote from: abel1337 on December 19, 2022, 05:15:03 PM

Quote from: boyptc on December 19, 2022, 03:25:08 PM

Nah, they won't become obsolete.

No matter what happens to the market, these strategies will remain and will still be applicable mostly to the markets where it's been mostly used. That's why even in other markets, these have been tried and seen to be a good indicator.

It's just so happen that there are too many of them and you've got to choose what's proven to be good and effective. They might not work for sometime and that's why there are other strategies you can work for.

I agree, The current strategies won't die even if the market scenario have change especially if we talk about TA and FA. New strategies is born from time to time and we have the privilege's to asses the situation and choose what kind of strategy would be more effective and accurate for the given situation. We all have a bias strategy for each market scenario and I believe that most of us follow that kind of strategy every time since the accuracy rate and results satisfies us.

Accuracy rate for most strategies lies on how good the trader is.

But yeah, these are just guides and they'll be there no matter how old or new a market will be. Someone can boast how good his accuracy are if he's able to make more wins.

And that's the bias that he can show to the other traders because he's just too good with his trades. Well, it won't be always on the winning side, so strategies do upgrade too.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

-snip-

I think trading strategy becoming obsolete depends on what strategy you adopted. Because if you don't take the strategy where it needs to be taken, it will obsolete later. And I think it's best to depend on yourself for strategy. I don't really know much about technical analysis but I think read different articles instead of following all those gurujis.

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Is not obsolete and therefore you can't do without these indicators naturally these are mathematically analysis that checkmats the price movement, the volume and many more. So as a trader you definitely needs trading indicators to determine or to judge your entry and exit point while trading, most people aren't that good with this indicator.

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I guess so. I take it that if you keep using the same strategy over and over, it tends to wear out at the end af time. Especially, if you are going for the same strategy in front of the same players. That way, they will end up umderstanding your strategy and it wont pay off anymore. The same can be true for a specific casino. If you are constantly using the same strategy in the same casino, they'll end up knowing how to make it fail.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

What these trading gurus should be teaching should be how to identify and know when your strategy is becoming obsolete for you to know when to change it, not teaching one strategy that will fail in the nearest future. Strategies are based on current events, and because current events are not predictable and always changing, there is a need to always change your trading strategy. If you are losing money in trading, it is an indication that your strategy is already on the way to becoming obsolete, there is a need for you to change it.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

This is why you need study the market behavior to understand what kind of trading strategy that suits a particular market , therefore when you have only one trading strategy, this is the kind of things you can experience because no strategy works 100%, sometimes they begin to lag as market changes.

Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

There are so many indicators out there , and not all trader use RSI as you think, Too we have different Time frames in the market and traders trade base on different time frame, and so is the RSI effected by different times and hence doesn't go overbought/oversold at same time in all time frames.

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If you were to read and learn about it a lot, you would know that there are different strategies that are applicable to different market situations and you need to have those fundamentals in order to be successful in trading. I don’t think it will become obsolete, but it will be adaptable to what the market is.

Possible strategies can become different by adding different indicators to the set up. It’s ideal to be consistent and make sure that you are emotionless when trading that’s why it’s essential, in my opinion, that you use a bot like Gunbot.

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I agree that one day a strategy can become obsolete due to developments in the market. To anticipate this, we must continue to learn and trade. It is a learning process that does not stop unless you really stop trading.

But for now, those strategies still work and can give you an opportunity to know when you can trade or enter the market. Maybe many people know how to use each indicator but not many can really use it properly because we still see many people who experience losses. Trading is not only learning about strategies, indicators, and crypto news, but learning to trade is also about learning self-control. Maybe these people don't know how to control themselves properly even though they are experts at using all the indicators.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

I don't see this happening because indicators are the fundamental tools for analysis for investors and traders but people may combine new trading technology that will be developed in the future with indicators because I hear an article that says Ai technology that will predict the cryptocurrency market price will be developed in the future and if we look into the performance and innovations in the Ai setting it's possible that this will happen in the future.

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Quote from: Woodrose on December 20, 2022, 06:57:03 AM

What I am trying to say is that if many people know already how to use a certain indicator then I think it is not useful anymore. That is the idea of trading.

After having done years of stock market and around 6years in crypto, one thing I can say for sure, indicators and technical analysis are a pseudo-science and they can only predict what the market is undergoing at an instant. How you interpret this data is upto you. But this does not mean that a up or down movement is going to happen right now or sometime later.

If what you are inferring would have been true, then some trader would always be making huge profits but this is not the case, even veteran traders have losses and they have learnt how to cope with that.

Quote

You have to know how to use indicators in order for to have an edge in other traders.

Nope. This statement propagates the idea of "best possible indicator" which is a flawed concept, but often marketed by these "gurus". This is not a game of win or lose, it is a game of patience and knowing when and how you place the trade.

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Quote from: palle11 on December 20, 2022, 08:52:55 AM

Quote from: Wapfika on December 20, 2022, 08:37:58 AM

Isn’t it our advantage if everyone is using same indicator and using it as reference for there trading strategy since we are all buying at the same time which will create a strong market buy pressure to pump the price?

If this is possible then who will lose? If everyone understand when to make profit then nobody will lose including you, or you enjoy to lose? The beauty of the market is the loss and profit without this it is not trading and if you take that away from it nobody will go into it. People go into trading with the hope that they will be better profit takers but unfortunately it is not like that because of different interactive factors in the market.

I don't think all traders will use the same indicator but there will be traders who likes to separate their selves from the crowd and will use less popular or harder indicators. In trading, there must always be a loser more than the winner or vice versa. There is no way that all are going to go in one direction as the market will lost its balance and will not be as good as before anymore.

As for the question of the OP, my response would be yes. There will always be a bad trading strategy. It may work at first or on some other times but the rest are just simply a loss. Now is there a trader who will like to use it and just incur a loss? I guess no but we must move on and make another working start.

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Quote from: Wapfika on December 20, 2022, 08:37:58 AM

Isn’t it our advantage if everyone is using same indicator and using it as reference for there trading strategy since we are all buying at the same time which will create a strong market buy pressure to pump the price?

If this is possible then who will lose? If everyone understand when to make profit then nobody will lose including you, or you enjoy to lose? The beauty of the market is the loss and profit without this it is not trading and if you take that away from it nobody will go into it. People go into trading with the hope that they will be better profit takers but unfortunately it is not like that because of different interactive factors in the market.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Isn’t it our advantage if everyone is using same indicator and using it as reference for there trading strategy since we are all buying at the same time which will create a strong market buy pressure to pump the price? The reason why the crypto price is very unstable is because many traders using random indicators that gives different signal result.

If we are only using same indicator then crypto trading will unite in terms of buying and selling crypto.

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Quote from: inthelongrun on December 20, 2022, 07:56:53 AM

But big news like the bankruptcy of FTX is probably the best and most reliable indicator.

Funny you here. What do you really mean ? So which direction are you expecting the price to go from your analysis of the FTX exchange scam? Yes investors expected that price will drop but yet we are not seeing that happen so far. So what is your analytical expectations of FTX scam from what you see and your prediction from it buddy? Grin

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That is why I gave up trading daily. Your indicators may work until they stopped working later on. More and more indicators are developed and some others are not available on tradingview and other popular live chart providers including exchanges. But big news like the bankruptcy of FTX is probably the best and most reliable indicator. I opted to invest long-term and do a DCA rather than stress myself in the market. Maybe I will be back into day trading when the market is back, which I expect in the year of the halving and its following year which are the trend in bitcoin over the years.

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Quote from: Woodrose on December 20, 2022, 06:57:03 AM

I think you didn't get what I am trying to say.

Yes, I could say that most indicators work well until now and all of them are not 100% accurate. What I am trying to say is that if many people know already how to use a certain indicator then I think it is not useful anymore. That is the idea of trading. You have to know how to use indicators in order for to have an edge in other traders.

Anyway, I think I would further explain my part if I will read a lot in trading. Thank you for your opinion.

I understand what you are trying to say. You are saying if every trader know and understand an indicator then every one won't make a mistake to lose his money. For instance if every trader know that RSI overbought or over sold is exhausted, the everyone knows the reversal time, I believe this is an example of what you are saying but I use to think like that too sometimes in the past but I tell you it is not possible for everyone to understand a particular way of indicator just like it is not possible for everyone to be profitable or profiting every time or the same time, you must have winners and losers differently at the same time.

Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Indicators don't become obsolete because they are already made like that to be like that for you to change it from default settings or leave it that way depending on your strategy and the way or time you use it on. For example I don't see what is obsolete in bb, SMA, RSI,MACD, fractals or parabolic SAR. It is only you to work on it to change the settings and the time frame you use it.

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Quote from: Woodrose on December 20, 2022, 06:57:03 AM

I think you didn't get what I am trying to say.

Yes, I could say that most indicators work well until now and all of them are not 100% accurate. What I am trying to say is that if many people know already how to use a certain indicator then I think it is not useful anymore. That is the idea of trading. You have to know how to use indicators in order for to have an edge in other traders.

Anyway, I think I would further explain my part if I will read a lot in trading. Thank you for your opinion.

It's okay if it will come to the point where everyone knows how to read indicators and most of the trading strategies. Still, a market is still a market for which people can read through the charts but it's not just the only thing to look at with it. It's volatility remains and if some sudden issues or news has come, that's a game changer on that and most predictions and indicators aren't always as accurate as they are. So even if the majority has the knowledge and strategies on trading, that won't make them exempted for losing.

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I think you didn't get what I am trying to say.

Yes, I could say that most indicators work well until now and all of them are not 100% accurate. What I am trying to say is that if many people know already how to use a certain indicator then I think it is not useful anymore. That is the idea of trading. You have to know how to use indicators in order for to have an edge in other traders.

Anyway, I think I would further explain my part if I will read a lot in trading. Thank you for your opinion.

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So anyway, I applied as a merit source :)

The reason why you thinking like this is because trading strategies are not 100% correct strategies at all. The reason why self-proclaimed gurus are going to promote them is to gain their own popularity and spread their own shitcoins. No strategy will ever be a full proof one.

The only thing that is going to help is buying low and selling high. Rest all indicators are going to only give a prediction and that too will end up 50% correct.

Eventually what I have learnt is that day trading is tough, but in long term trading, just stick to what I said, you will gradually gain profits.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

No

Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

If using indicators alone without the right strategy, losses is more possible. There are times too that indicators will fail. No matter how good a trader is, trading analysis can not 100% be accurate all the time.

Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

This is just it, if you are good in anything, you will make money. In trading, those that do not yet know about ways to make money from trading, they will lose to those experienced traders to gain, but this does not mean that experienced traders are not losing at times.

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RSI and MACD are very old indicators, but they still work if you have observed the markets. Not 100% but they still get the job done, especially on higher time frames. One such strategy that's effective is the RSI convergence and divergence.

If the strategy was to get obsolete by now, then such strategies wouldn't work at all.

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Quote from: abel1337 on December 19, 2022, 05:15:03 PM

Quote from: boyptc on December 19, 2022, 03:25:08 PM

Nah, they won't become obsolete.
^[snip]

I agree
^[snip]

I am thinking the same which is they are not.
Remember that technical analysis will not work if you will use this alone --sometimes fundamental analysis is also useful in analyzing the market. But remember these are tools only to predict the market there is no becomes obsolete in my opinion. You cannot still predict the right movement of the market which is there right term is unpredictable. Who can predict using technical analysis with a consistent result? I think no one.
But if you are new in the trading world, I prefer to suggest using copy trading while gaining experience until I can manage my own.

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Quote from: boyptc on December 19, 2022, 03:25:08 PM

Nah, they won't become obsolete.

No matter what happens to the market, these strategies will remain and will still be applicable mostly to the markets where it's been mostly used. That's why even in other markets, these have been tried and seen to be a good indicator.

It's just so happen that there are too many of them and you've got to choose what's proven to be good and effective. They might not work for sometime and that's why there are other strategies you can work for.

I agree, The current strategies won't die even if the market scenario have change especially if we talk about TA and FA. New strategies is born from time to time and we have the privilege's to asses the situation and choose what kind of strategy would be more effective and accurate for the given situation. We all have a bias strategy for each market scenario and I believe that most of us follow that kind of strategy every time since the accuracy rate and results satisfies us.

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Nah, they won't become obsolete.

No matter what happens to the market, these strategies will remain and will still be applicable mostly to the markets where it's been mostly used. That's why even in other markets, these have been tried and seen to be a good indicator.

It's just so happen that there are too many of them and you've got to choose what's proven to be good and effective. They might not work for sometime and that's why there are other strategies you can work for.

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Quote from: BitMaxz on December 19, 2022, 12:58:51 PM

Here in crypto trading the strategy TA or FA is not yet obsolete even for the year those indicators you mention will still use by traders. Look at those who trade from forex and now switch to crypto trading they are still using it for signals.

Those strategies both TA and FA including the indicators you mention above are just for analyzing and predicting what will be the next move of the coin and traders usually use them for decision-making if when to buy or sell.
There are no 100% strategies that can predict the price of the coin everything in crypto is unpredictable and like I said those strategies are just for decision-making.

It will never be "gone", it's not that easy to send all of these away, if you want to make sure that something works, you can just test it and I agree that plenty of people are still using it. It's not going to be vital for too long if you ask me, in the near future we are going to realize that short term trading is not the purpose of it, and either using it or holding for long years is the real usecase for bitcoin but until that is realized we will have a lot of people who will keep using it.

It's unfortunately not always right as well which means that you will make some calculations and you will end up with some problems for the long term as well.

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Here in crypto trading the strategy TA or FA is not yet obsolete even for the year those indicators you mention will still use by traders. Look at those who trade from forex and now switch to crypto trading they are still using it for signals.

Those strategies both TA and FA including the indicators you mention above are just for analyzing and predicting what will be the next move of the coin and traders usually use them for decision-making if when to buy or sell.
There are no 100% strategies that can predict the price of the coin everything in crypto is unpredictable and like I said those strategies are just for decision-making.

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The bull run cycle made it easy but real trading in a shorter time frame is where you might not find indicators to be trusted with its behavior.

We are all trading on different time frames. The RSI on the hourly chart may pose overbought but the daily chart is not.
But this is why there is leverage for traders to keep speculating even in the minute's chart because that's where they wanna be for real action and making money at every price movement.

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Indicators are like tools use to aid trading, experience traders don't only rely solely on indicator in any trading strategy to determine when to buy or sell, for example RSI or MACD in oversold or overbought region does not indicate must buy or sell but serves as a clue because the price might experience a minor pullback or retracement at those region or a total reversal in another scenario the price might continue with the main trend, however skill in Price Action and how to utilize candlestick patterns with indicators which is basically Technical Analysis help traders to have an edge over the market couple with Fundamental analysis thus a trading strategy with indicator might not be obsolete though might require some minor tweaking.

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I don't think they become obselete I see a lot of them cycle from being easy to implement and highly profitible to being harder to implement and bad for making profits.

One trading strategy can work in every market environments for predictions, the issue is trying to make a profit from it and what becomes more infeasible and impractical.

If you're trading a market with a lot of day traders, you need to second guess them quite a bit too - or stay out and watch the market - because if you're all trading the same strategy, you're all losing. If you're day trading in markets with lots of investors or regular traders (bull markets and forex) you don't have to do this as much as the volume of most of the day traders and speculators is insignificant compared to those that just need to quickly move things around.

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I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

Topic: Does a trading strategy becomes obsolete? (Read 1213 times)