Why do traders still use lagging indicators?

Discussion in 'Technical Analysis' started by TSLexi, Feb 24, 2016.

  1. TSLexi

    TSLexi

    Why do traders still use lagging indicators? MACD, RSI, MA, I can't see why they're useful; it's like driving your car using the rear-view mirror instead of the windshield. How is anyone supposed to be profitable doing that?

    Analyzing the order book is the only way you can trade, because the order book generally shows you what's going on and what probably will happen.
     
  2. You seem to know alot... Interesting that your way is the "only way" to trade.
     
  3. TSLexi

    TSLexi

    I'm just asking a question, because I'd honestly like to know why people use lagging indicators. To me, it looks like black magic.
     
  4. speedo

    speedo

    Because they work
     
    d08, timtrader and TSLexi like this.
  5. speedo

    speedo

    Of course, one has to know how to use them.
     
    TSLexi likes this.
  6. TSLexi

    TSLexi

    Well, yeah. You also have to know how order flow works to use it.
     
  7. speedo

    speedo

    No doubt...
     
  8. K-Pia

    K-Pia

    Entropy lies in the eye of the beholder.
     
    TSLexi likes this.
  9. What order flow course did u just get done taking?
     
    TSLexi likes this.
  10. TSLexi

    TSLexi

    Jigsaw Trading.
     
    #10     Feb 24, 2016
    marketsurfer likes this.