When Indicators Don't Lag

i am nobody · Mar 31, 2015

Buy1Sell2 said:
Ian, I was only slightly off in my prediction of what would be the opposite argument.

OK, and try now to put it in practice.
i hope for you you're only slighty off when you trade too.

Buy1Sell2 · Mar 31, 2015

BOC said:
Yes, of course, an indicator such as a moving average, lags price. But, in the sense of looking for a potential setup, they can also forecast.

Anyhoo, back to the original point - the divergence of price and the indicator, considered with other criteria I've mentioned, are actually forecasting, or at the very least confirming, possible price action. So, in that sense, not so lagging.

Harold

Exactly Right. Well Stated.

i am nobody · Apr 1, 2015

Buy1Sell2 said:
Exactly Right. Well Stated.

"BOC said:
Yes, of course, an indicator such as a moving average, lags price. But, in the sense of looking for a potential setup, they can also forecast.

Anyhoo, back to the original point - the divergence of price and the indicator, considered with other criteria I've mentioned, are actually forecasting, or at the very least confirming, possible price action. So, in that sense, not so lagging.

Harold"

But you wrote: You cannot plan in advance when to take trades or exit.---What arrogance-- That is done in real time.

?????
You don't agree with me that you can plan a trade in advance, but now you agree that you can even forecast price action???????
This discussion becomes unreal. Planning is easier than predicting. Planning is about a probability while prediction is like a statement.

SunTrader · Apr 1, 2015

Buy1Sell2 said:
You cannot plan in advance when to take trades or exit.---What arrogance-- That is done in real time.

YOU can't

And the arrogance is on your part saying others can't.

SunTrader · Apr 1, 2015

A moving average can forecast, like a coin flip can.

I prefer just a little bit more accuracy before I put up my hard earned money.

i am nobody · Apr 1, 2015

SunTrader said:
A moving average can forecast, like a coin flip can.

I prefer just a little bit more accuracy before I put up my hard earned money.

Yes, I agree.

But they have more accuracy because they said:Always use the standard settings. Learn to trade with those and what price action is likely to do when those divergences happen.

So they use a secret weapon: Always use the standard settings. LOL

romik · Apr 1, 2015

i am nobody said:
Yes, I agree.

But they have more accuracy because they said:Always use the standard settings. Learn to trade with those and what price action is likely to do when those divergences happen.

So they use a secret weapon: Always use the standard settings. LOL

I have a journal going basically trading without a secret formula, you are welcome to call it plain luck

romik · Apr 1, 2015

A lot of you advocate some sort of secret formulas that you spent years developing, yet can't see the basics of successful trading, even though B1 has been banging that drum for years now. Do not over commit, be strict with stopping losing trades and ride oscillations of bigger time frames, then you do not need high win rate. In a nutshell that's it.

SunTrader · Apr 1, 2015

i am nobody said:
Yes, I agree.

But they have more accuracy because they said:Always use the standard settings. Learn to trade with those and what price action is likely to do when those divergences happen.

So they use a secret weapon: Always use the standard settings. LOL

Well if I used indicators I would use ... not the standard settings and follow the sheep to slaughter. But since I don't I don't.

SunTrader · Apr 1, 2015

romik said:
A lot of you advocate some sort of secret formulas that you spent years developing, yet can't see the basics of successful trading, even though B1 has been banging that drum for years now. Do not over commit, be strict with stopping losing trades and ride oscillations of bigger time frames, then you do not need high win rate. In a nutshell that's it.

You might be just throwing this out there to no one in particular.

But note I wasn't talking about a high high win rate. But 50/50 coin toss rates are just that.