What are your favorite, most reliable indicators?

[JBTrade]

Quote from JBTrade:

I prefer to use the pure price action and volume data presented in charts to analyze the supply-demand relationships and group psychology within the markets.

Quote from TradeForGain.com

I like to analyze the supply-demand relationships and group psychology within the markets — the way I do that is by looking at pure price action and volume data presented in charts.

I’m honestly just a little confused - did I get that from you, or did you get that from me?

 

[wickcity]

Price.

 

[MarkBrown]

i wanted to say that i abandoned any use of a particular future contracts volume a long time ago as having any benefit to mechanical trading. i would not use a stocks volume either for trading stocks.

i do use a combination of indicators and price action or patterns in combination to make successful mechanical models.

mb

 

[aPismoClam]

without a doubt, the "hemline" indicator.

 

[Cocaine]

The "adams apple" and "crotch bulge" indicators. When you see those, you know its not a lady, so back away....slowly.

 

[Gary Fox]

Hello Mark,

For some reason, I always thought you did not use indicators in your mechanical systems. Can you discuss the indicators you have found to be of value?

TIA

GF

Quote from MarkBrown:

i wanted to say that i abandoned any use of a particular future contracts volume a long time ago as having any benefit to mechanical trading. i would not use a stocks volume either for trading stocks.

i do use a combination of indicators and price action or patterns in combination to make successful mechanical models.

mb

 

[alex.samant]

LISTEN UP. THIS SHOULD PUT THE LID ON INDICATORS FOR GOOD.

THE BIGGEST PROBLEM WITH AN INDICATOR IS THAT NO MATTER HOW THE MARKET LOOKS, THE DAMN FORMULA WILL ALWAYS, I REPEAT ALWAYS, HAVE A VALUE FOR YOU.

EVEN IF PRICE WOULD MOVE FROM RIGHT TO LEFT I STILL BET IT WILL DISPLAY A VALUE.

USE YOUR EYES. WHEN THE MARKET LOOKS CLEAR THEN IT'S TIME TO ACT. WHEN IT'S NOISE AND LOOKS UPSIDE DOWN AND ALL AROUND, STAND ASIDE. DON'T RELY ON INDICATORS TO TELL YOU WHAT YOUR EYES HAVE TO SEE AT A FREAKIN GLANCE.

Whew. That's it!

 

[ProfLogic]

Quote from alex.samant:

LISTEN UP. THIS SHOULD PUT THE LID ON INDICATORS FOR GOOD.

THE BIGGEST PROBLEM WITH AN INDICATOR IS THAT NO MATTER HOW THE MARKET LOOKS, THE DAMN FORMULA WILL ALWAYS, I REPEAT ALWAYS, HAVE A VALUE FOR YOU.

EVEN IF PRICE WOULD MOVE FROM RIGHT TO LEFT I STILL BET IT WILL DISPLAY A VALUE.

USE YOUR EYES. WHEN THE MARKET LOOKS CLEAR THEN IT'S TIME TO ACT. WHEN IT'S NOISE AND LOOKS UPSIDE DOWN AND ALL AROUND, STAND ASIDE. DON'T RELY ON INDICATORS TO TELL YOU WHAT YOUR EYES HAVE TO SEE AT A FREAKIN GLANCE.

Whew. That's it!

Nicely stated but too simple for most to understand.

 

[alex.samant]

Well. I did my part. The only way one can trade successfully ACROSS ALL markets and TIMEFRAMES is to disregard everything about technical analysis that was written from 1960 until 2008. Everything you need was there before indicators came apop.

 

[Compulsive]

Quote from ProfLogic:

Nicely stated but too simple for most to understand.

:eek: My indicator