Do We Need Indicators?

[viruscore1]

No---- indicators will tell you exactly what is happening in realtime at the same time price does. The only way a person could say that indicators lag , is if they say price lags. And, if you are saying that price lags, then you are saying that you are the person that moves the markets with their trades. If someone is saying this, then it qualifies as arrogance of the first division.

By the time you've read it, it's history

 

[Buy1Sell2]

By the time you've read it, it's history

According to you, then price lags as well. Thus you fall into the first division category. There can be no other conclusion.

 

[Buy1Sell2]

Folks that don't know how to use indicators or haven't had success with them, will typically say that they don't work. I've seen it time and again--Izzy

 

[SunTrader]

No---- indicators will tell you exactly what is happening in realtime at the same time price does. The only way a person could say that indicators lag , is if they say price lags. And, if you are saying that price lags, then you are saying that you are the person that moves the markets with their trades. If someone is saying this, then it qualifies as arrogance of the first division.

No indicators, will tell you what ... price did.

Price went higher, indicator went higher and vice versa. Redundant. Only responds after price moves which means it is completely obvious to all but the clueless it lags price. Or in other words, it doesn't (can't) move before, price moves itself.

 

[SunTrader]

Agree, they are approximately 50% right...

My results show otherwise.

 

[Buy1Sell2]

. Only responds after price moves which means it is completely obvious to all but the clueless it lags price. Or in other words, it doesn't (can't) move before, price moves itself.

No. It moves at the same time as price. It does not lag price.

 

[viruscore1]

My results show otherwise.

Your perception and interpretation tell you otherwise. The actual indicator is lagging and an artifact by the time it's displayed and read.
If you can tell the future you wouldn't be on this blog.

 

[viruscore1]

Folks that don't know how to use indicators or haven't had success with them, will typically say that they don't work. I've seen it time and again--Izzy

If you're correct. Would you and do you bet the ranch on every indicator? You should based on you statement.

 

[Buy1Sell2]

I always find it interesting when people claim that indicators don't work. I rather suspect it means "indicators in the wrong hands don't work"

 

[Buy1Sell2]

Even folks who claim to trading "price only" are using indicators -- ie "I'll buy when price reaches X " etc is just one example.