All indicators useless?

Quote from indahook:

"All indicators are useless? This is an overgeneralization of the problem. What indicators with what parameters across what time frame?

You mean you have tried every combination of every indicator and concluded that all derivations are useless?

I cannot stress it enough; take the dive and learn to backtest your systems. Only then can you conclude whether your system has statistical validity."

Have backtested my strategy.Its based on price action alone. It has statistical validity, has made me money for the past 2 months...and for my style of trading every technical indicator I have tried is lagging....MA`s.STOCH,DMI,RSI.MACD,PAR sar,zigzag,RSI,CCI,p-vol,n-vol have been tried and are all useless.....

I was simply trying to get other traders who have more experience than myself to contribute there input..and it seems to me (so far) that I am on the right track...and BTW its a question, not a "overgeneralization".
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Indicators are far from useless, they have to be used under the proper conditions, taking the first derivative of an indicator will help greatly with the lag. I also helps to learn the indicators meant to identify trend and those meant to measure chop.
 
What ever floats your boat works.

There is no "holy grail" indicator.

Invent your own system of exits and entries. Read a lot about all the indicators and find which one you can "see" the best and go with it.

Only one thing. The more indicators you use, the more conflicting signals you will get. Try to keep it as simple as possible.

Hope this helps.
 
Quote from bobcathy1:

What ever floats your boat works.

There is no "holy grail" indicator.

Invent your own system of exits and entries. Read a lot about all the indicators and find which one you can "see" the best and go with it.

Only one thing. The more indicators you use, the more conflicting signals you will get. Try to keep it as simple as possible.

Hope this helps.
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Thank you..every little bit helps.
 
Quote from bobcathy1:

There is one foolproof indicator.
If you have to hit the head.....the market will definitely move quickly in your absence......It is listed in the Peter Principle somewhere:D :D
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:D :D :D Happened to me just two days ago, had to seek "relief", when I came back, I was something like 15 NQ points down.:mad:
 
Quote from bobcathy1:

The more indicators you use, the more conflicting signals you will get. Try to keep it as simple as possible.
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this says it all. conflicting sigs for the SAME set of events in time. one says short the other long. hmmmm sounds like a bunch o' crap to me. :D
 
Truthfully, it all comes down to price action.

The best insight that I ever got was the realization that all prices are random events. It comes down to getting out early when you are wrong, and letting it ride when you are right.
 
Quote from bobcathy1:

Truthfully, it all comes down to price action.

The best insight that I ever got was the realization that all prices are random events. It comes down to getting out early when you are wrong, and letting it ride when you are right.
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cathy you're the INDICATOR QUEEN. now you say nay??!~! huh??~!! didn't you just say yay?
 
That is yesterday's news guys.
Get with the times.:D

An indicator is only that....an indication of where the price might go.....
 
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