When Indicators Don't Lag

Discussion in 'Technical Analysis' started by BOC, Mar 22, 2015.

  1. romik

    romik

    Some do it at a break, some fish near previous support. We are talking ability to forecast and you asked for an example of a forecast prior to it happening, so that's exactly what I posted.
     
    #241     Apr 3, 2015
  2. dbphoenix

    dbphoenix

    A very "flexible" way of trading the MACD.
     
    #242     Apr 3, 2015
  3. romik

    romik

    Do you know why B1 is spot on? All he is saying follow the market's bigger turns and do not overcommit, that way you don't need to be a constant slave to ever changing market conditions and can treat trading without a PhD in finance or econometrics.
     
    #243     Apr 3, 2015
  4. romik

    romik

    When you drive ona busy highway, do you ignore moronic actions of other motorists and let an accident take place or do you try and predict their actions based on their behaviour?
     
    #244     Apr 3, 2015
  5. dbphoenix

    dbphoenix

    I agree with following the larger turns and not overcommitting. I just don't see what indicators have to do with it. If somebody were following oil and wanted to buy via PA, he'd have bought the double bottom and subsequent rejection at 44 (the MACD would have been no help there). Buying at 50 is fine, but then one is facing tons of resistance at 55.

    Of course, if you're planning on trading the range, that's another matter.
     
    #245     Apr 3, 2015
  6. Buy1Sell2

    Buy1Sell2

    Yes--I agree. One must first plan not to lose too much on each trade
    Excellent--I can see exactly where the entry was and how weak the price action was at the time. Really like your analysis here.
     
    #246     Apr 3, 2015
    romik likes this.
  7. Buy1Sell2

    Buy1Sell2

    Believe you are giving me too much credit. This is what I am saying though. --Principles apply in any time frames as well.
     
    #247     Apr 3, 2015
  8. SunTrader

    SunTrader

    Ohh impressive. So how much longer till own you ........ everything?
     
    #248     Apr 3, 2015
  9. romik

    romik

    Here is another forecast, GBPUSD to advance to around 1.6 as preliminary target. B1 are you getting on GBP train? This is weekly chart and a book perfect pattern within MACD's histogram.
     
    Last edited: Apr 3, 2015
    #249     Apr 3, 2015
    Buy1Sell2 likes this.
  10. romik

    romik

    One more, Gold Monthly, my favourite pattern within MACD's histogram, stop below monthly lows and preliminary target of $1,500.

    Interesting timing, stock markets are on the brink of decline, gold looks ready for retracement.

    Of course, these are forecasts, price hasn't confirmed them yet, that's where your TL break confirms sentiment.
     
    #250     Apr 3, 2015