best indicator?
#11
Posted 30 August 2004 - 10:18 AM
Mark S Young
Wall Street Sentiment
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#12
Posted 30 August 2004 - 11:15 AM
#13
Posted 30 August 2004 - 11:51 AM
#14
Posted 30 August 2004 - 05:42 PM
McCavity, Please explain to me why MCAD hist is a leading indicator and MCAD is a lagging indicator. It is my understanding MACD Hist is an other way of expressing MACD.
The histogram is derived from the difference between the MACD and the signal line. They are both lagging. It is still a great indicator for weekly charts.
The ADX, DMI is still the best all around indicator for all time frames including intraday. You get strength of buying / selling AND strength of trend. Stochastic momentum would be a close second.
"Bottoms come fast...Tops take forever"
#15
Posted 30 August 2004 - 05:54 PM
"Bottoms come fast...Tops take forever"
#16
Posted 30 August 2004 - 07:32 PM
My thoughts are there are many good indicators although nothing is 100%,, but when you
find one that speaks to you ,,Take the Dang Signals Every time..this so that you can
benefit from the 80/20 rule. If you do Not take All the GOOD signals ie.. Hook at
extremes or3/6 cross or crossing the zero line..or what ever your sigs are ...
you reduce your win rate to a more average ratio. Hesitatioin also leave you much
less room for mistakes... in money mgmt for exampel or even timely exits.
Many things work well.. try using only 1 or 2 that speak to you and get to know them well.
Then leave the noise behind if they the signals dont work and you're wrong then your'e out and
looking for the next signal.
Traders are always looking for the next likely set up to their indicators...you can
only do this if you know what your indicator is currently doing, and if it is above or
below sup/res and or at extremes ....
I feel like you need an Indicator that gives you this type of character to trade well with it.
IF you would like to share a week or two going over my favorite daytrading
indicator that does exactly this you are welcome to join me and
many other traders in a free rooom. Just Pm me.
I probably had 22 trades today 2-3 sml loosers 1 breakeven and 18-20 wins for more than +10 points on the Rut-ER2 today.
I couldn't do that without a trending indicator that also has sup / res and extremes that are easy to read.
best
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#17
Posted 30 August 2004 - 08:42 PM
#18
Posted 30 August 2004 - 10:07 PM
#19
Posted 30 August 2004 - 10:46 PM
#20
Posted 30 August 2004 - 11:23 PM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!