Sounds like a fair request. I think a post outlining his method detailing entry/exit and mgmt methods should be posted up front if he truly wants an opinion poll. His previous post count and activity on Yahoo doesn't mean much to many other than Baron, who I am sure is salivating at the thought of the increased traffic. Welcome to ET, The home of noobies, wannabees and trolls. All of which I am sure will be very enthusiastic with another indicator thread.
He was anal about the MACD parameters being (12,25) and not (12,26)....though repeatedly asking for a reference as to this assertion he avoided this and insulted me for thinking otherwise (even though the default for any charting service I have seen uses MACD(12,26) as their default. His last post (now deleted) was a vicious flame that I could not politely ignore....I responded with an equal flame (I have all the tools to do so) and that shut down the thread. So you did not see everything that went on, I am afraid. Fair enough...I put up my participation on Yahoo Answers to establish that I am not some newbie at this game. I have also participated on other websites under the handle "Naamplao" such as "StockGoodies" and "Stockhideout" 6-7 years ago. Over the years I have tested, modified, researched, read about TA. Most books on the subject are either too general, too complicated mathematically for my taste and often are nothing more that a grocery list of terms nothing to say how to apply them in real life. One size is supposed to fit all, but the Daytrader requires a separate skill set than a swing trader and finally the long term trader. In Technical analysis there is also an "us versus them" when it comes to Fundamental analysis and the reverse. In my experience a knowledge of Fundamental Analysis is basically useless for daytraders, somewhat important for swing traders (by swing I define it as a one week to one-two month hold) and most important if you are a long term trader (But that is another topic) As far as Technical Analysis goes, I see a lot of people seeking the magic indicator and wondering why they all fail, I see them looking at patterns (head and shoulders, double bottom etc) and wondering why they only see them in hindsight or why they fail (when simple resistance/support lines tell everything). I see charts with multiple usage of the same overlays with slightly different parameters.... very pretty charts but not very useful IMHO. FACT: all indicators give false signals FACT: you should chose only indicators in your mix that give you different information...(eg. MACD or TRIX both have similar looks and are momentum type indicators) you can flood your chart with similar indicators and seemingly get confirmations when in fact there is none. My Conclusion: While all indicators lie at some time....they do NOT all lie at the same time. By careful selection of an indicator suite and chart types you can get a pattern of indication ranging from: Bullish...mildly bullish...neutrally bullish...neutral...neutrally bearish...mildly bearish...bearish. you then add up and cancel opposites and what is left is a consensus of opinion and that opinion is very useful in Swing and long term trading....less so for Day trading which as I said takes a different skill set. In addition one can look for interactions between indicators...as I started to show in the chart I was developing in the previous thread. I also find that many people rank indicators by the last position it holds. Take RSI for example: Over 70 it is "over bought" a sell signal and under 30 it is "over sold" a buy signal....to me this is rubbish...an over-bought position can last for months as can a over-sold position. The trend is more important as to how the RSI got to where it is.... a RSI trending form above 30 to below 30 is VERY BEARISH...a RSI trending from below 30 to above 30 is mildly Bullish to me...it is more complicated than that but you get my drift. By making different charts for different purposes (the one I was working on is a BUY/Sell chart (long or short)) and checking off the status of each indicator and overlay you use as to how bullish/bearish you judge it....then cancelling out opposites leaving a consensus you can arrive at a pretty good decision to buy and sell just on the basis of TA for long term and swing trades...fundamentals would also color your judgement in deciding if action on the stock seems to be unusual. Day traders...which I find a lot of newbie especially, often trade scared...they enter a trade late and dive out early because they have few TA tools to use and depend on Buzz which will trap them....any wonder why statistically that 90% of new daytraders lose their poke in the first year. That chart I was developing would help daytraders evaluate their trade quite well.....day traders don't need sentiment type charts as their trades are too short for those charts to be effective. There....you have my Technical Analysis philosophy....I hope this helps voting on whether or not I continue. And if I do...I do not mind constructive criticism...we all learn that way. Much of my ideas come from such criticism I received on Yahoo investing...(they have screwed up that website horribly so it is no fun there anymore)....But I will not be insulted for my views by others....don't like them avoid the thread...that is all I ask.
Have you said anything worth voting for you to continue? Maybe I missed it ( I didn't read anything from your previous thread). I don't understand why you even care whether people want you to continue or not. What is that you are trying to get out of all this?
Do you make all your decisions without investigating what has happened previously? Anyways, I have found a better website to discuss TA on....so I will soon be leaving...nothing here for me here.
My loss???? really...just what have I lost? nothing... I don't know that you'all have lost anything either except another point of view on how to make money.... You people seem to reject ideas before fully presented to you....that to me is the height of ignorance and I am not flaming here to say this....just expressing fact
No offense but you are a noob poster here and came in here demanding respect before earning it. I think your approached has rubbed people the wrong way. It's not that people reject ideas, it's that people reject the people that present them. Creating a poll and holding your "knowledge" hostage until you are somehow validated through a meaningless poll is just a time waster and just further adds to the frustration of the community members here. Furthermore, proclaiming that you found a better place and that you are leaving just adds fuel to the fire. If you want to share...then share. If not, then feel free to move on. One way or another, you need to make a decision and go with it.
I would like to see you be a regular contributor to this forum, whether I like your style of trading or not. My frustration was that you never got into the meat of what you were trying to say. Sorry that you were criticized at the other thread. I didn't catch any of it. So, I don't know what that was all about. But, please use the complain button, if you feel attacked. I believe there is still one after the last update. If you can get over it, get on with what you wanted to say. In all honestly, there is not a better forum then this one. And, I'm sure you know that by now. So, if you are still up to it.. scratch this thread and start a new one getting right into what you've been wanting to say. People will show up to listen to what you have to say, if it's as good as you say it is.
Downsize your ego by a large factor - be glad that you learned something about the MACD genesis - and keep posting, ET is just like trading, you can't always predict what's coming next
Disclaimer; I don’t use indicators And even though I don’t…. I believe there are more ways to trade profitably than I care to count; some include the use of indicators I would never think of disparaging anyone who used em ===================== OP Not sure if you’re egomaniacal… or simply overly sensitive – nor do I care I do however like healthy debate at times – so…. without further ado ===================== I just read where you said (two separate threads / exerts quoted above) - Indicators predict….. and indicators lie First the comment about indicators lying – is BS… indicators never lie They are based on what – some combination of price / volume / time Which of those 3 ever lie – none Indicators do..., at times - diverge from what is occurring =================== As to predicting; lol Indicators are mathematical models of behavior – over time No math (nothing for that matter) can foretell human behavior consistently My point We must think/ trade in probabilities – no matter what we use to trade (and I’m not referring to probabilities as taught in some stats class – that’s bush league – I mean probabilities specifically related to how the mkt works) ========================= Like I initially said; there are more ways to trade successfully than I care to count – using indicators is but one of them And I respect all of em =============== Your turn RN