No I will state that I do not believe in any technical indicators. Tried them all for years and once I dropped everything off the chart it all came clear. Price, channels, trendlines, and pattern recognition is all you need.
Not sure I would say I do not believe in them either but I don't use them. I'm sure someone out there uses a combo of indicators in a way that works for them. Who knows.
Actually, you quoted Volente http://www.elitetrader.com/vb/showthread.php?s=&threadid=247038&perpage=6&pagenumber=330
No fixed stops trading es 3-5 point stop for daytrades Why do you trade ym ? bottom to top gave $290 per contract yesterday and ES moved $350 per contract during same time. One of the main reasons I quit trading it a long time ago.
Have to laugh Surf, sorry, but your derision at TA continues to bite you in the bum. http://www.elitetrader.com/vb/showthread.php?s=&postid=3714206#post3714206
Surfer's, Price Drivers have shifted back to neutral leaning bearish. We are placing stops at 13283 on the march YM shorts here-- if hit, will lock in 37 points of profit-- holding here. surf