Recent content by ptolemy

I always use 40,1,1 Yes it is not conventional but look at a lot of charts and you will see that it works best when the raw indicator is crossing up over 30. This setting will help you to eliminate a lot of false starts. I can post example charts upon request...

Traderzones (more like zoned out) Your own name sake speaks to using TA how can you be a trader and not use it? A trader is considered and active participant in the markets, unlike an invester who will buy and hold stocks based on quality fundimentals. The fact that you will not stand and...

Most people lose their money because they do not understand or properly apply sound TA. Of course most people lose money in the markets that is how it has always been and that is how it always will be. That has nothing to do with Technical analysis. You speak in broad terms but show nothing...

Bathrobe I see your point. A good friend of mine also sees this your way. - A price is set to creat a market or bids and the price will rise or fall based on supply and demand. This is a very slippery slope in my opinion. It is sort of like the chicken or the egg. I would like to say that there...

These studies are useless and do not address the real mechanics of Technical Analysis. We are not attempting to predict future price movment based on past price action. This study performed by "Academia" is no more insightfull than a study of Heavy Metal music conducted by the Boston Pops. TA...

Let me restate, {although I think that you are just kidding around, a good sense of humor is needed in trading} There are no leading indicators other than Volume based. And even then you need to use caution and good Managment skills.

Hey their Toptrader8. I did not know that that you were over here as well. Glad to have some company. So far so good. We have some smart folks here, only encountered a couple of cowboys but we will see. Do not be a stranger.

Folks look at the subject of the thread "MACD indicator lags, is there software that doesn't"? The answere is "NO". If any indicator were to lead price than it would be the "Holy Grail" and Millionairs we would all be, but the Markets would collapse long before that happened. Volume might...

Look at the results of the charts that I posted a few days ago for HLF using the VPCI indicator. Price did bounce and has gained 4.5 points. 4 points since my entry. Not to bad http://i394.photobucket.com/albums/pp22/Ptolemy_2008/HLF4.gif

Ironfist, If you are really serious then here is the way that I have interpreted the formula in Telechart. 8 Bar indicator - (C * V + C1 * V1 + C2 * V2 + C3 * V3 + C4 * V4 + C5 * V5 + C6 * V6 + C7 * V7) / (AVGV8 * 8) - AVGC8 14 Bar indicator - (C * V + C1 * V1 + C2 * V2 + C3 * V3 + C4 * V4...

First you have to agree on a definition for just what Technical Analysis is. I do agree that it is not the art of interpreting indicators. In my humble opinion I believe that true Technical Analysis comes from being able to understand what you are seeing in the chart. I have seen charts that...

I have more than 10,000 hours of hard research and study loged in thank you. 15 Years worth. Again I only use a small handfull of indicators to scan for opportunities and not for decision purposes. Swordsman has made it clear that he uses no indicators and yet you attack him. I would like to...

You are welcome Drjmpc. I must say that I too enjoyed your 1rst above post, it was dead on target and shows that you are on a solid path to becoming one of those proffessional traders. I mostly use indicators to sort and scan, not for enrty or exit. Once a good chart is found it is like finding...

I would consider using the MACD Histogram as a counter trend indicator. MACD-H is mearly messuring the velocity of the price action. When the histogram makes new highs compared to the previous wave it only means that price has accelerated. When I see a new high in MACD-H then you might consider...

Ironfist. I have read about moving averages that eliminate lag but when you do so you trade lag for speculation and in my opinion you are no better for it. Indicators like the VPCI (Volume Price Confirmation Indicator) Are a better tool. It is an oscillator and shows when Volume is confirming...