You can disagree all you like it doesn't change the fact that many successful traders have used indicators.. they would just laugh at your generalisations and frankly it makes you sound a little naive
Well in the end, I am glad you do see the limitations...... http://www.youtube.com/watch?v=cZNlraF0xec&feature=related Cheers!
Interesting thread.......... http://www.elitetrader.com/vb/showthread.php?threadid=135376 .....ENJOY! BTW, best wishes and I do wish you excellent success in your trading.......GOOD FORTUNES!!!
Ahhh the YouTube punk out.. the new milleniums white flag Now rather than let Clint have the last word who as far as I know never traded in his life I should point out I can barely think of a successful trader that doesn't at least have moving averages on his chart And really what is a moving average?.. the price averaged out over a select period of time... (wait for it).. *drum roll*... (here it comes).. in relation to the CURRENT PRICE
Just remember, price/volume is the highway and indicators derived from price are a dirt road leading off the main course.
Already told you I trade pure price action.. which doesn't have to be rigidly and anally bereft of indicators And you can't fault my chart or point out any lag and we have established many great traders relied on indicators So quaint roadside analogies aside you should probably qualify all those statments by saying "for you".. because to assume you know what is better for every other trader out there is naive and ignorant in the extreme