ZOMG'S MY STOCHASTICS WERE OVERBOUGHTS AND NOW THEY CROSSED OMGZ IM GONNA SHORTS T3H MARKETS. SHIT wtF'Z I JUST STOPED OUTZ AGHHH
Moderate, please hesh up about Mr. WOP! He is well-kept sucret here. But PM me if you would like to talk trash about him.
Price action only analysis is TA. In fact, its the first (original) TA prior to the development of any type of indicator. Mark
Read the stuff written pre computer. Indicators are just marketing tools for book vendors and data vendors (IMHO)
I think stochastic divergence is useful. I dont use any of the breadth indicators for daytrading as they lag the futures for the most part.
Indicators can be useful for scanning - they can be a shorthand for something that would be difficult to program as purely price and volume, they can also be a strilking visual that can be picked up out of the corner of your eye e.g CMF divergence as a proxy for a short covering rally exhausting.
WOW..the response has been terrific!!!...my take is this...the indicators I mentioned show the whole market picture...at extremes they are paint a great picture of highest % where the next move is...
Great. Post a good lengthy sample showing how trades are wildly profitable doing this, and I will think you have something to say.
wow...amazing readings shown in my study last night on the $tick and $decn...this is GREAT!!!!...go for it!!!