Why do traders still use lagging indicators?

[Turveyd]

Only read 1st post but.......

Order Book, only shows you who is buying and selling currently, 5mins time it could all change and be going the other way.

 

[marketsurfer]

For real?

Yes, for real. You can see the gonzo hate vibe that still exists on this thread from the stealth vendors who sell TA.

Certain sponsors who rely on traders faith in TA complained, hence my banning. My logic is flawless about this subject and many started questioning their beliefs upsetting those in the business of selling you the dream.

I still cant believe folks actually use computer power to draw charts to stare at when computers are perfect for analysing data in so much smarter ways.

 

[marketsurfer]

To be specifically, he's been banned from "talking" about TA because of his psychotic behavior in which he enters TA threads to troll people but more importantly he would enter peoples threads that had absolutely nothing to do with TA just to continue the debate about TA...the latter is seen as harassment.

The fact that he showed up in this thread just to say he's not allowed to talk about TA is exactly the point. Soon, within a few weeks, he'll do much more than just show up in threads to let members know he's not allowed to talk about TA...he'll start talking again because of that psychotic behavior, start trolling again and then start entering threads that has nothing to do with TA to make his anti-TA bashing commentary. He's a fanatic and can not stop himself...he'll then get banned again.

You better stop with the accusations and unfounded claims of psychosis. In fact, you need to apologize for that one.

You lack the ability to debate on the facts so you resort to personal attacks, having posters banned, and pure verbosity. Go back to selling your wares, stealthy.

 

[marketsurfer]

Well, there's obviously a lot more going on here than I am aware of. Enjoying a collegial discussion of trading topics makes me blissfully ignorant in some ways.

Pay no mind to the verbose Canadian--- he has a vested interest in lashing out against that which threatens his belief structure. peace, surf

 

[marketsurfer]

Interestingly, several, if not most, of the technical traders in Market Wizards used indicators, yet every expert and elite trader on this site is against indicators and believe themselves to have made some expert observation when they beat their chest and talk about lagging indicators and how only PURE PRICE ACTION or ORDER FLOW is what's of value and that indicators distort the purity of price action. Lol...

Quite amusing, really.

Market Wizards is ancient history-- markets have changed radically since those days--- HFT, the most effective trading tactic ever devised, utilizes the random walk theory as its underlying core component--- so, that should tell you all you need to know---

 

[El OchoCinco]

Yes, for real. You can see the gonzo hate vibe that still exists on this thread from the stealth vendors who sell TA.

Certain sponsors who rely on traders faith in TA complained, hence my banning. My logic is flawless about this subject and many started questioning their beliefs upsetting those in the business of selling you the dream.

I still cant believe folks actually use computer power to draw charts to stare at when computers are perfect for analysing data in so much smarter ways.

Yeah Marketsurfer would never use charts with lines to make decisions:

http://www.elitetrader.com/et/index.php?threads/the-surf-report.285862/page-303#post-4235899

 

[Laissez Faire]

...utilizes the random walk theory as its underlying core component...

Let's hear more on this.

 

[romik]

Pssst Goodboy, I think you need to sack your quant team, as you keep trading with a 50% (or worse) probability, you wasting money on randomness.

 

[speedo]

Surf groveling to any passing noob to pitch his nonsense.

 

[wrbtrader]

...IMO, the best strategy is money management, ie. risk management. It works, if done right, even if one blindly jumps into a position without doing first anything of a direction analysis.
Of course it alone isn't sufficient as well, one rather has also need to apply diversification...

I underlined the above word diversification in your quote.

Personally, I believe its a very useful tool not just for investors...traders too. I think too many traders get very "tunnel vision" about one trading instrument while diversification could help them survive drawdowns and/or bring more balance to their perspective and understanding of the markets.

The profitable professional traders that use TA (e.g. Credit Suisse)...they rely heavily on other resources and that include diversification. Simply, no firm is all in on one thing only (no diversification).

Thus, maybe more retail traders should be diversifying instead of getting married to one thing only.

Food for thought.