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I truly understand what you are saying Skeptic. What good is useless information to our intended goals in trading? But is consolidation and congestion, other terms for indecision, useless information? I don't think so. Can you just trade a break in that direction and close your eyes and take...

Okay then ScaleOut. Thank you for agreeing that indicators and patterns used mechanically do not make money. Of course that is not the question. I think Bert might use a small tweak to filter out false signals. I also think you are missing the whole boat with the MACD by suggesting the ROC...

Whoa ScaleOut... when you see that you should be getting ready to pounce on that baby. You seem to be missing one of the best uses of the MACD... divergence. And I don't mean the "D" in MACD. That is a different reference. You have all the materials, I'd go back and look again at divergence and...

This quote is a beauty. No one has yet provided an example of a specific pattern or indicator that does not do what it was designed to do or represent. It has nothing to do with what I like or dislike. Facts are facts. I am unsure where you are getting your second sentence and your last...

Mine too. Imagine, we are not emotionless robots. Go figure. I'm sorry for the disruption however. I appreciate your posts. Peace.

Scaleout I agree that as standalone buy/sell signal generators most if not all indicators and patterns fail when used mechanically. But the macd continues to demonstrate a reduction in momentum within a trend.

Oh yeah. Let me ask you as a theoretical question simply for a bit of discussion if it evolves, will it bother you to profit from increasing food prices? I ask in the sense that as the stock market declines and many folks are losing money, this money, even though for some it is their...

That's easy. The trader. It is the actions of the trader that form the pattern or indicator. Okay, here is the answer. All of the patterns and indicators continue to work. Here is proof. A triangle and flag and chart patterns of this nature form because of indecision. Neither fear nor greed...

I edited this quote to highlight the importance of quoting fact. I'm rereading my earlier quote and for the life of me cannot find where I called you or anyone else a loser. I can see how you feel included in the term lemming from rereading my earlier post, although it was intended for the two...

OPC thanks for that article. I have been pondering the same thoughts myself. If we are truly going to experience a decade of weaker business and deflation, the idea of increased food costs is going to make the whole picture that much scarier.

You missed the point again DT. You have fallen in to the same trap that everyone else so far has. You are defining a pattern or indicator by its ability to produce profits using it mechanically. Whether or not it does that is a qualifier you have placed on it. I can't stand it! When the very...

Well inandlong... let me say that I totally agree with you. I don't post much but this thread is so far from keeping it simple. This is not about keeping it simple. This is about one person's continuing banter on years of market experience. It doesn't take nearly 50 pages of endless discussion...

So except for the reference to the 4/19 crossover, no one has mentioned a specific pattrn that doesn't work anymore and provided a valid discussion supporting their premise. All I see is more of the same opinion that I alluded to in my opening paragraph. Therefore, the question remains which...

I see way too much posted that suggests patterns and indicators are or will be less profitable as time goes on for any number of reasons. Personally I think that idea is riiculous for the simple reason that patterns and indicators reflect emotion and emotions never change. With that in mind...

I'll wait until the gap stops filling before I re-evaluate and tweak. The old patterns like the 30 minute break which has worked for years or the older patterns like Edwards and Magee that continue to work? Or even Fibonacci from the 13th century is it... that still works too despite a massive...

Thankfully this thread has started to grow. The ideas you guys have shared are excellent. William thx for getting this off the ground. Dottom, very interesting about Larry Williams and the fixed stop. My empirical observation supports that thought also, but empirical observation once...

:) You see, that analogy right there profitseer is what makes your contributions to this board so valuable. Within that humor is some clear-thinking observations... which while true, are hilarious when you post them. There was another guy like that a long time ago... had a way of describing...

:D :D :D Profitseer that is very funny. Huge sampling size. Tremendous power therefore. Wow, the number crunching must take forever even with a high-end computer. :) If the spread is a few cents or so and it is quiet, I'll getin either way, market or limit. But if the volatility is...

Come to the chat room or PM marketsurfer in the AM. He uses PFG.

You and I both know there will always be "the ones you missed." :)