Indicators are far from useless, they have to be used under the proper conditions, taking the first derivative of an indicator will help greatly with the lag. I also helps to learn the indicators meant to identify trend and those meant to measure chop.
What ever floats your boat works. There is no "holy grail" indicator. Invent your own system of exits and entries. Read a lot about all the indicators and find which one you can "see" the best and go with it. Only one thing. The more indicators you use, the more conflicting signals you will get. Try to keep it as simple as possible. Hope this helps.
Happened to me just two days ago, had to seek "relief", when I came back, I was something like 15 NQ points down.
this says it all. conflicting sigs for the SAME set of events in time. one says short the other long. hmmmm sounds like a bunch o' crap to me.
Truthfully, it all comes down to price action. The best insight that I ever got was the realization that all prices are random events. It comes down to getting out early when you are wrong, and letting it ride when you are right.
isn't bobcathy the one that uses the Chimp System, which is highly reliant on MA's and Stoch indicators?
That is yesterday's news guys. Get with the times. An indicator is only that....an indication of where the price might go.....