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This is what I want to talk about next.

In this case there are no buyers, that means sellers control the market, that means price will go up. Put another way, the market makers have no lower orders to do anything with, so they have to use the higher orders.

Close to Bollinger Bands, not really realiable. Is this meant to imply that if price gets away from VWAP it's supposed to go back? No predictive value. Seriously? Arbitrary Is this the one with the letters? Assuming you can pick the EMA duration correctly beforehand, yes. Yes.

How does this differ from scaling into a position? I am seriously asking, I don't know much about options.

I think selecting turning points is probably possible on short term and long term for different reasons.

Of course that wouldn't be possible. What you describe is exactly what I am talking about. Creating the position on the turn.

Wow, everyone in here is drinking the koolaid hard. Not just you. Occam's razor. Either most indicators were invented and given conditions for use and they don't work, OR they were invented, have an actual way of using them, but then the public was told something else. Don't joke around...

I don't even know how to respond to that. You disproved yourself. You suggest indicators work and then say the majority of traders using them don't make money. The majority of dvd players work. You put a dvd in and do as the directions say and it plays. The majority of fingernail clippers...

@Xela you are becoming one of my favorite posters. We might not agree although you can present your ideas in a way that is enjoyable. Not the regular indicators that we're talking about in this thread. Hugely disagree. I know what you're saying. I was not complete in my post. Strongly...

I would be happy to do this. All stochastic does is show you how high price is compared to where it was a specific number of bars ago. Useless. Go long when it's overbought and sometimes you'll make money. Go long when it's oversold and sometimes you make money. What's amusing is the gurus...

Oh for shit's sake, yes, blame the indicator, the trader is probably an idiot, too, but the indicator wasn't going to work anyway. Posters here have tested this numerous times. Take any indicator. Take whatever signal you want. It's the same as flipping a coin. Sometimes the long signal...

Yeah, most probably the funds care about little traders and are trying to make money from them... This is rigged in favor of them because of account size and access to information. Give me someone with a $800,000,000 account and I'll show you someone who may make money averaging down.

So that's like saying you lost money in craps because you didn't use your system right. No. This is always the excuse. It's not really feasible that there are indicators that work except the overwhelming majority of traders just don't know how to use them. THis is how trading books get...

Saying some traders make money with indicators is like saying some people who go to casinos make money with systems. They might; it's not dependable.

Imagine for a moment that markets could give you a suggestion of what they were about to do on a tiny timeframe, sporadically, when price hits certain points.

I bet none of the people saying trend trading works in this thread are profitable traders.

When there are orders on both sides of price why would it go one way more than another? I've never seen a setting where the orders looked like this: in this environment obviously price would go up. Perhaps mapping it out on the chart with something like jigsaw would provide insights.

Correct. Maybe I should say indicators serve no purpose to traders who want to be profitable. You might as well just enter randomly. You might be right seriously, but the problem with reduced win rate systems, aside from the fact that trend trading blows, makes you have to take every trade...

To start, you need to find an indicator you love. Say MACD. Actually, don't use MACD, it sucks. But something. Then you have to find the thing you want to be the signal. Figure you will be using CCI. CCI is a function that tells you how far price is from a moving average. Assume your...

Inaccurate analogy. Everyone uses indicators to say like if you are going 55mph and it says you are traveling at that speed it means you are going to keep traveling at that speed.