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Indicators are liars


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  #111 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, various
Broker: various, TDA
Trading: NQ,ES
Posts: 2,126 since Jul 2011
Thanks Given: 2,398
Thanks Received: 1,752

Sounds like reading a science textbook on physics or chemistry like comparing a bar of price data to an atom with components and multiple dimensions to it. Or a set of quantum mechanics properties , different types of spins and shells. Then applying this across different time frames I'm lost there and can't visualize that. Not that I have grad or post-grad school. Just reminds me of intro to physics or chemistry class or a textbook. And would this apply to price behavior outside of trading, like grocery store items and manager markups or discounts on a weekly basis.


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  #112 (permalink)
sayfuji
Kiev
 
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One time almost every trader understands, that indicators are not grail - it's just methods. And as for trading, experience is much useful than naked technical analysis. In hard market situation no one indicator doesn't help.


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Last Updated on August 7, 2011


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