Registered: Feb 2012
08-06-12 07:47 AM
Quote from RangeTrader:
Technical indicators are good for a few things...
1. Programming them and working through the math keeps my mind sharp.
2. The math of the indicators strips out my emotional bias. (This is really the most important part.)
3. They lessen the brainpower required to calculate things out in my head or on paper. I can just jump in and glance at a few readings and I know whats going on instead of having to sit watching the market for a while to figure out what is going on.
The bottom line is... If you never have any emotional bias, have a good brain for statistics and math, and watch the market all the time... You don't need technical indicators for trading.
It gets quite exhausting watching the market every day minute by minute. Glad I don't have to do that anymore to effectively trade...
Thank you for sharing your thoughts.Another way could be is to automate things.But you need the proper thing,no doubt.