Wrong. Price action together with indicators.
When Indicators Don't Lag
- Thread starter BOC
- Start date
Wrong. Price action together with indicators.
You left out the indicator part when characterizing his approach.
You're throwing a lot of shiny objects in the air. The subject of the thread is whether or not indicators lag.
No point that I can see.
So your forecast is pure nonsense as you posted yourselve (unless you mean that I cannot, but you can):you never know with any degree of certainty when your condition X and Y will take place.................
One statement is in contradiction with another one. You can forecast but have no clue at all when it will happen and neither with what degree of certainty it will happen............ Your trading is magic! And your forecast too.
I know at least how big, statistically, my chances are when I trade. As you don't use "ze magic formula" you probably don't know either that with statistics it is possible to calculate probabilities of events with a relatively high degree of certainty.
I meant forecast direction, as prices constantly update changing trend lines/fibs one can't forecast price levels in advance, markets move and whatever rear view mirror stats you may hold I simply do not believe they can be of any real value in the future. I am not referring to fundamentals, I am assuming we are discussing TA only.
Think maybe the thread should have been titled "Both Price and Indicators Lag". --This is because those who profess using price action for entries are also recommending entering once price has retraced or pulled back and then taking the entry when price has continued again in the direction of our trade.
You mean like - its going up, uhhhh now its going down. Wait a sec. Yes down, no now back up. ........
That kind of forecasting?
Indicators do what the word says indicate. Call it forecasting if you like.
But if lagging indicators (which all are) are used the forecast is lagging as well.
That kind of forecasting?
Indicators do what the word says indicate. Call it forecasting if you like.
But if lagging indicators (which all are) are used the forecast is lagging as well.