what are your thoughts on indicators that claim to call tops and bottoms?

Discussion in 'Technical Analysis' started by 1a2b3cppp, Aug 13, 2018.

  1. %%
    And a good trend will ignore a RSI + most stuff/indicators. Momentum [price speedometer] gets out of a trend way too early; but to each his own.........:cool::cool:
     
    #31     Aug 20, 2018
  2. W
    How about showing one of your trading charts, whether it is live or sim,
    it does not matter....

    Just like to see how is your chart being constructed.... for trading....?

    Regards with thx in advance
     
    #32     Sep 30, 2018
    MarkBrown likes this.
  3. %% One reason i hate them.
    But if you like 5-7 months advance notice , could use them LOL:D:D
     
    #33     Jan 24, 2019
  4. Every indicator I looked into tells me what I already see in the candlesticks, so what's the point. Become familiar with the ebb and flow of the market, and you won't need indicators. (My two sense, I am no indicator expert)
     
    #34     Jan 31, 2019
  5. HanSolo

    HanSolo

    A lot of traders when they first start out start looking for that magical indicator or combination of indicators that will give them the edge in picking tops and bottoms. I think with time and experience you start to realize it is about probabilities. This is why various break out strategies and patterns are popular. You are playing the probabilities that past patterns will be repeated and with the right setup you can be profitable.
     
    #35     Feb 2, 2019
  6. Bigstuff

    Bigstuff

    The short term overbought/oversold indicator is good for that.
     
    #36     Oct 5, 2020