Intraday Indicators
- Thread starter Flanco
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Hmmm, OK. So I'm interpreting your answer as - baseball players don't use "indicators" to determine or speculate as to where the ball will be at some point in the future. They're instead relying more on experience based intuition/ real time observation.
To me, the trading equivalent of using a "naked" or no indicators chart.
The point that I get out of the baseball analogy is that the behavior of price, at certain times, has characteristic's similar to the "the ball connecting with a sweet pitch".
If I show you a picture of a baseball in the air (approx. 20 feet above the ground) with no other info would you be able to tell which direction it is going to go next? You wouldn't be able too, you could guess, but with just a picture of the ball in the air you don't know if it is still on an upward trajectory, at the absolute peak of it's upward momentum (therefore technically neither moving up or down for a split second) or if it is falling back down.
Now what if you could mark snapshots of the balls flight pattern behind the ball (on the same picture mentioned above) so you could see where it was and the arc of its trajectory, would that help you to have an idea of where the ball is in relation to the cycle of what happens when a baseball is hit in the air? The momentum? Whats going to happen next?
Are the snapshots that trail the ball lagging, I could see it that way. Are they critical to know the future path of the ball, they would be to me.
Do indicators that are derived from price lag, by there very nature they have too, does that mean they have no value? How much do they lag?
On a 3 minute chart are we talking micro-seconds, seconds, minutes?
Obviously without different opinions we couldn't have a market to trade in, but what I don't get is why if someone says they use this or that in there trading and they are successful by using it, why we wouldn't congratulate them. What difference does it make how they succeed?
What is the reason for being on a trading forum? My reason is to learn more, help others with my experiences, socialise with like minded people.
Lucrum are your reasons for being on this board much different from mine?
If I show you a picture of a baseball in the air (approx. 20 feet above the ground) with no other info would you be able to tell which direction it is going to go next? You wouldn't be able too, you could guess, but with just a picture of the ball in the air you don't know if it is still on an upward trajectory, at the absolute peak of it's upward momentum (therefore technically neither moving up or down for a split second) or if it is falling back down.
Now what if you could mark snapshots of the balls flight pattern behind the ball (on the same picture mentioned above) so you could see where it was and the arc of its trajectory, would that help you to have an idea of where the ball is in relation to the cycle of what happens when a baseball is hit in the air? The momentum? Whats going to happen next?
Are the snapshots that trail the ball lagging, I could see it that way. Are they critical to know the future path of the ball, they would be to me.
Do indicators that are derived from price lag, by there very nature they have too, does that mean they have no value? How much do they lag?
On a 3 minute chart are we talking micro-seconds, seconds, minutes?
Obviously without different opinions we couldn't have a market to trade in, but what I don't get is why if someone says they use this or that in there trading and they are successful by using it, why we wouldn't congratulate them. What difference does it make how they succeed?
What is the reason for being on a trading forum? My reason is to learn more, help others with my experiences, socialise with like minded people.
Lucrum are your reasons for being on this board much different from mine?
No but then baseball players don't have to catch or swing at still photos of baseballs so I'm not sure where you're going with this one.
Sure but what has this got to do with the baseball analogy? Baseball players, to my knowledge, have no such visual tools/indicators.
Well, if they are critical how is baseball players manage to catch and hit balls without it?
Depends largely on the look back period. But minutes at a minimum.
I generally agree. And yet again, I said as much earlier.
[quoute]What is the reason for being on a trading forum? My reason is to learn more, help others with my experiences, socialise with like minded people.
Lucrum are your reasons for being on this board much different from mine? [/QUOTE]Not really.
Here's my take. Some of you more sensitive indicator guys have let my factual statements about the lag and lack of intrinsic value of your typical indicators as some sort of insult. You're being too sensitive. If you like looking at lagging indications of what's already happened and telling yourself that it confirms what has already happened, then look at them. I'm not trying to convince you to change. Profit is profit. You shouldn't care what anyone else thinks. I know I wouldn't.
You dont have the skill for that, you are not intuitive or got a "special feel". You can tell by your posts, who uses a non-word to start a sentence. "hmmmmm,"
Trading is finding a statitsical edge, verifying it is not a fluke and works in all market types, they apply, and apply and re-apply.
Thats it, it doesnt need any "experienced based" bs. Obviously the math guys who do quants, have found this out. Do you think those guys come with years of "real-time observation" , babble, etc....
Save your talk to backyard BBQ, impressing guys that dont invest and trade.
Seriously i am writing this intuitively haha
You're not doing a very good job of keeping up, Your "response", such as it is, to my response debunking that silly irrelevant baseball analogy doesn't make any sense. As I'm not arguing for anything in your post you seem to think I'm arguing for.Quote from Eddiefl:
You dont have the skill for that, you are not intuitive or got a "special feel". You can tell by your posts, who uses a non-word to start a sentence. "hmmmmm,"
Trading is finding a statitsical edge, verifying it is not a fluke and works in all market types, they apply, and apply and re-apply.
Thats it, it doesnt need any "experienced based" bs. Obviously the math guys who do quants, have found this out. Do you think those guys come with years of "real-time observation" , babble, etc....
Save your talk to backyard BBQ, impressing guys that dont invest and trade.
Seriously i am writing this intuitively haha
:eek:Give up what? Stating facts?
One of your indicator buddies attempted to use an irreverent baseball analogy, which if anything proved my point not his. You and a couple others tried in vain to salvage the analogy. You failed. Now I'm an ass clown, because you can't take reality like a man?
Not to mention, as I've said repeatedly, I'm not even trying to get anyone to dump their indicators.
Now if you'll excuse me I heard the mailman drive by. I need to check my mail indicator to confirm it's time to check the mail box.
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