Trading with indicators is the equivalent of a baseball batter watching the stadium jumbotron to determine when to swing. And yes, the bat is not a friggin indicator, nor are golf clubs.
See Jack Trade? See Jack golf? See Jack lose 24% on his first big trade? See Jack slice the fucking ball inot the street out of bounds? See Jack blame all the stupid people? See Jack use four golf carts loaded with completely useless golf gadgets? See Jack Stiff the poor fucking 13 year old caddy who had to listen to all his bullshit?
Exactly This may very well be why we have the "many traders fail" mantra. The ball is actually three feet behind them when they finally swing!
The thing about using price action in conjuction with technical analysis is that you are going to have to be patient and actually wait for the market to tell you an opportunity is in front of you. Then take it when it tells you to. And finally exit the trade when it tells you the party is over. "In the meantime many indicators will just have begun to signal a move."
LOL...it was sooo funny to see that bighog post. "just the ball and him".. Sooooo funny. BTW, Spyder really knows his way around the golf scene. Seriously get the youtube on how golf was invented as told by Robin Williams.
Read very carefully my friends. On threads like this is where you tell the amateur from the pro, the snake oil from the well intentioned trader and so forth. This will help you narrow down who to read in the past present and future and who to ignore. NN
Ah jack, you're just going on attack against bighog here, probably upset that he said something so usefull and intelligent? ... hmmm? Don't be jealous.
Indicators lag price. And a price chart lags the DOM. You can see market turns on the DOM before you see the price prints on a chart.