Do We Need Indicators?

[Buy1Sell2]

A person trading volume is trading using an indicator. A person looking at the order book is using an indicator.

 

[Buy1Sell2]

The only traders who are trading without an indicator are traders that can move the market with their order or are long term dollar cost average random buyers. ----What arrogance here in this thread!

 

[viruscore1]

Indicators work best at displaying historical patterns. Many novice traders read a book and think they have found the goose that laid the golden egg. Sometimes there's egg and sometimes there isn't. But they don't count the latter...

 

[murray t turtle]

if you[Buy1Sell2]say so. Let's see your future telling talents lol. We need traders that think they can tell the future. Somebody needs to feed the markets.

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Lyle305; Yogi Baseball Bearra said he doesn't make predictions-especially about the future.LOL Its NOT a prediction, but some take profits based on 50 day moving average, when price keeps on gapping, gapping WAY above 50 dma, they use it as a leading indicator. NOT saying that is the best way to do it.Noticed some think futures are about the future??LOL

 

[viruscore1]

Like I said "indicators lag the markets". It's what you do with historical info that counts. The 50 dma is based on previous 50 days. It's traders perception for the following days. No one can predict the movement in the future accurately. A spin on Yogi Berra - Most may get it right, the other 50% be on the other side. Another, Yogi Berra says it again "The future ain’t what it used to be". He's such a futurist lol....

 

[Van_der_Voort_4]

“The world is your oyster. It’s up to you to find the pearls” The Pursuit of Happyness

I am going to give "like" to one post i see here for very scheming reason

 

[SunTrader]

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

On your chart.

And yours only.

For the rest of us they "indicate" what price has already done.

Nonetheless don't include me in those who say indicators are of no use. They are useful within their limitations.

 

[SunTrader]

If you can tell the future you wouldn't be on this blog.

I said my results show otherwise. What I did not say is ... I can tell the future 100% of the time.

 

[wrbtrader]

A lagging indicator is very detrimental to profits in my opinion.
The more they lag, the later the entry and later the exit, big negative on profits.
If you attempt to overcome via a faster indicator, then you end up trading a shorter time frame and still with the lagging entry and exit signals but worsening losses.
There is no way around it when used as entry/exit signals.

I agree and I don't use indicators.

Yet, the fact remains there are some traders that understand that "lagging aspect" and are able to use it to their advantage. Just keep in mind that their use of indicators isn't the only thing they're using. Thus, I suspect their profits may be due to other components of their trading plan (e.g. money management).

 

[murray t turtle]

Like I said "indicators lag the markets". It's what you do with historical info that counts. The 50 dma is based on previous 50 days. It's traders perception for the following days. No one can predict the movement in the future accurately. A spin on Yogi Berra - Most may get it right, the other 50% be on the other side. Another, Yogi Berra says it again "The future ain’t what it used to be". He's such a futurist lol....

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Good pointsLYL305; 50 dma, 200 dma are a battle tested,good measure$.NOT a prediction, especially about the future.LOL