Look Ma, no indicators!!

[TimP]

Many of the historic indicators have relied on price. It would make more sense to rely on an indicator that looks at supply and demand, as evidenced by most recent (< 1 minute) A/D ratios and by bid and ask quotes.

 

[Lamont_C]

Quote from TimP:

Many of the historic indicators have relied on price. It would make more sense to rely on an indicator that looks at supply and demand, as evidenced by most recent (< 1 minute) A/D ratios and by bid and ask quotes.

Makes even more sense to judge S/D by the effect of trading activity (volume) on price and by the movement of price itself.

 

[TimP]

Trading voulme influences liquidity, for sure, and to some extent prices, and changes in price influence momentum, but the future movement of the price is more strongly influenced by pending orders and whether recent orders (and thus prices) were driven more by sell orders than buy orders (or the reverse).

 

[Grob109]

Quote from BSAM:

Another decent thread getting "hi/(lo) jacked".

I don't do the one liner bullshit as you do if you can get to the end of a line.

You seem to be shooting the messenger yet once again. anything to contribute?? I didn't think so.

 

[Grob109]

Quote from TimP:

Trading voulme influences liquidity, for sure, and to some extent prices, and changes in price influence momentum, but the future movement of the price is more strongly influenced by pending orders and whether recent orders (and thus prices) were driven more by sell orders than buy orders (or the reverse).

LOL
amazing.

 

[BSAM]

Quote from Grob109:

I don't do the one liner bullshit as you do if you can get to the end of a line.

You seem to be shooting the messenger yet once again. anything to contribute?? I didn't think so.

You should try some one-liners, Jack.

"The messenger"?.....LMAO

 

[BSAM]

Quote from Grob109:

LOL
amazing.

Hey, there you go. I must be some sort of magician. That's one of your few posts I've ever understood.

 

[Grob109]

Quote from BSAM:

Hey, there you go. I must be some sort of magician. That's one of your few posts I've ever understood.

you definitely didn't understand it as you will be finding out soon enough.

 

[BSAM]

Quote from Grob109:

you definitely didn't understand it as you will be finding out soon enough.

Whatever, Jack.

Let's see you explain in 10 lines or less how using indicators is a good or bad thing.

 

[Lamont_C]

Quote from TimP:

future movement of the price is more strongly influenced by pending orders and whether recent orders (and thus prices) were driven more by sell orders than buy orders (or the reverse).

If prices were driven more by sell orders -- supply -- than by buy orders -- demand (or the reverse), then this is a restatement of what I just said.

As for future movement being influenced by pending orders, not unless a transaction takes place, which is a further manifestation of the dynamics of supply and demand.