The "6" Golden Indicators...wow, you really need them BIG time!!

Quote from infolode:

...and what of oscillators, prey tell, Mr.Wang?
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ZOMG'S MY STOCHASTICS WERE OVERBOUGHTS AND NOW THEY CROSSED OMGZ IM GONNA SHORTS T3H MARKETS.

SHIT wtF'Z I JUST STOPED OUTZ AGHHH
 
Quote from booyah:

This is a fascinating topic since some people trade solely on price action, while others can incorporate TA...
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Price action only analysis is TA.

In fact, its the first (original) TA prior to the development of any type of indicator.

Mark
 
I think stochastic divergence is useful. I dont use any of the breadth indicators for daytrading as they lag the futures for the most part.
 
Indicators can be useful for scanning - they can be a shorthand for something that would be difficult to program as purely price and volume, they can also be a strilking visual that can be picked up out of the corner of your eye e.g CMF divergence as a proxy for a short covering rally exhausting.
 
WOW..the response has been terrific!!!...my take is this...the indicators I mentioned show the whole market picture...at extremes they are paint a great picture of highest % where the next move is...
 
Quote from increasenow:

WOW..the response has been terrific!!!...my take is this...the indicators I mentioned show the whole market picture...at extremes they are paint a great picture of highest % where the next move is...
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Lets have a look - would be a great help
for this discussion.
 
Quote from increasenow:

WOW..the response has been terrific!!!...my take is this...the indicators I mentioned show the whole market picture...at extremes they are paint a great picture of highest % where the next move is...
More...

Great. Post a good lengthy sample showing how trades are wildly profitable doing this, and I will think you have something to say.
 
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