i wanted to say that i abandoned any use of a particular future contracts volume a long time ago as having any benefit to mechanical trading. i would not use a stocks volume either for trading stocks. i do use a combination of indicators and price action or patterns in combination to make successful mechanical models. mb
The "adams apple" and "crotch bulge" indicators. When you see those, you know its not a lady, so back away....slowly.
Hello Mark, For some reason, I always thought you did not use indicators in your mechanical systems. Can you discuss the indicators you have found to be of value? TIA GF
LISTEN UP. THIS SHOULD PUT THE LID ON INDICATORS FOR GOOD. THE BIGGEST PROBLEM WITH AN INDICATOR IS THAT NO MATTER HOW THE MARKET LOOKS, THE DAMN FORMULA WILL ALWAYS, I REPEAT ALWAYS, HAVE A VALUE FOR YOU. EVEN IF PRICE WOULD MOVE FROM RIGHT TO LEFT I STILL BET IT WILL DISPLAY A VALUE. USE YOUR EYES. WHEN THE MARKET LOOKS CLEAR THEN IT'S TIME TO ACT. WHEN IT'S NOISE AND LOOKS UPSIDE DOWN AND ALL AROUND, STAND ASIDE. DON'T RELY ON INDICATORS TO TELL YOU WHAT YOUR EYES HAVE TO SEE AT A FREAKIN GLANCE. Whew. That's it!
Well. I did my part. The only way one can trade successfully ACROSS ALL markets and TIMEFRAMES is to disregard everything about technical analysis that was written from 1960 until 2008. Everything you need was there before indicators came apop.