Put these charts on your wall for reference the next time you think… Something is “oversold”

Thank you for taking the time to explain. So, which of the following are false and not true and what should be corrected?

1. TA are lagging indicators (meaning they use past values to create indicators/signals).

2. Predictions of entry-exit using TA are extrapolations (of what showed from the TA indicators).

3. Most of the time they don't work.

Regards,

 

Excelent. Thank you for share. If you permit, I´ll use to explain to my traders friend´s because use just one indicator is dangerous.

 

Indicators have tremendous prediction capabilities and if one knows how to use them, they work most of the time. Your statements earlier are false and misleading at best.

 

Using an overbought or oversold indicator by itself is not a good way to analyze activity. Singularly useless.

 

Day trading make make you feel safer but you work 100 times harder than those who can hang on for days to weeks at a time.
But that's ok if you dont mind working for night storepackers hourly rate.
Difference is too, night store packers don't need to outlay and risk thousands of dollars for the privilege of their hourly rate.

 

We've already deduced that with short term trading you can't hit the bid with size.
So all week long you are hunched over nibbling away, pecking like a sparrow.
Great!

 

OK I see.

I should have said: For me all TA are lagging and predictions seemed to be just like extrapolation, sometimes they work for me but most time they don't for me.

So, can you give me some suggestions where can I learn to make them work?

Best to you.

 

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Number #1 on your list is true,IronCHIEF ==NOT a prediction LOL. BUT NOT only is a 200 day moving average lagging, LOL-it IS true, +200 dma IS important 200 dma does not work-you do the work, we do the work!!

WHY 200 dma?????,??Many reason$ ;IBD [Investors Business Daily] uses it ALL the time= that would be reason enough-word to the Wise. Good question buddy. PS Alan Farley/ Master Swing Trader noted ''Bulls live ABOVE 200 dma; bears live below 200 dma""SEPT may sell off; DIA/DOW does usually, even if above 200dma.NOT a prediction

 

Thank you. I will study 200 DMA more carefully.

 

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Strange; i clicked on CME facbook today,even one of thier[ CME] day traders was talking about 200 dma.