Thread: How many of Technical Analysis based systems are junk?

I think blueruby and Bytebodger are on the ideal path.

What info would you think that a specific indior should provide to you?

I dont understand about indiors because I dont use these (I exchange via price action off levels of support/resistance), but I reckon a smart combination of Moving Averages can actually assist determining the health of the trend. Not the fad in itself, but the health of this. I certainly use them myself.

Originally Posted by ;

What info would you think that a particular indior should provide to you?

Personaly to confim why price changed leadership. And also to secure more closer view on the market strain (RSI) and assisting to regognice current more importat fibonacci points.

WTB, SMA's are the one thing worth while I've been through everything else that is there all crud.

60mins SMA calls the trend perfectly for GBPUSD at the moment, and S/R well.

12 and 24hours are both very strong SMA's for S/R/Trend ( 5min chart 144SMA 288SMA )

Also Envelope 144SMA 0.50Dev, as a OB/OS indior is unbeatable, bounces off this level without fail again and again, only two or three occurances lately when it's moved past this.

However, do you class that as TA?? Despite it functioning!! also it's against TA training, interestingly, I don't

Originally Posted by ;

But do you class this as TA?? Despite it working!!, also it's against TA coaching, interestingly, I don't

Its TA should you understand why this is happening, if you look it without understanding nothing about it. ?

Dont be fooled that its the only means to look, then you have not seemed enought.

Allmost all works, its only at the eye of the beholder.

Originally Posted by ;

personaly to confim why price changed leadership. And to secure more closer view on the market strain (RSI) and helping regognice current more importat fibonacci points.

Hmmm. I never saw an indior that revealed why a price changed or a twist. Can you offer an example?

I quess the purpose of this indior would be also to make and to give that queries that are why.

As everybody can drive a vehicle without knowig nothing about why it moves.

What I would love to see are statements from those that are trading these indior established system LIVE. We don't have enough real money statements around the factory asserts.

What is the saying? Money talks?

I'm not posting a live announcement because I don't have elaborate claims of a great system.... A LIVE STATEMENT thread would go over pretty darned well.