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On the subject of the basics. The classic EMAs, Stochastics, and RSI
Indicators used in agreement with the trend seem to work about 50% of
the time. What about continuing to use the basic mechanics of the
classics, but update the formulas to alleviate some of the lag. An
example would be the Jurik Research (www.jurikres.com) indicators, such
as an AMA, or a momentum or stochastics with less lag? Would that still
be loyal to the classics? The point of everyone using out-of-the-box
classics, and 85% of everyone is a loser, is well taken. If updated
classics can get you in one bar sooner, or out one bar sooner, half of
the time, you might could join the 15%.
Tim Proeber
Tproeber@xxxxxxxxxx
-----Original Message-----
From: TNAGLE@xxxxxxxxxxxxx [SMTP:TNAGLE@xxxxxxxxxxxxx]
Sent: Wednesday, March 18, 1998 7:48 AM
To: RealTraders Discussion Group
Subject: Re: What are the basics?
realtraders@xxxxxxxxxxxxxx
Despite my obvious bias towards the use of the "old indicators"
as Brent
quite rightly calls them I must say that what Simon Trevor says
is very
valid and hence why I was saying on my earlier post that those
traders who
are using these averages and indicators and oscillators etc must
remember
that they have to somehow come closer to the price by filtering
the
indicators' signals with some 'basic' entry/exit tool preferably
based on
the OHLC data.
Sorry to labour this point as I'm sure it's nothing new to most
of you.
Regards,
Tom Nagle.
Tullett & Tokyo Forex International,
Cable House,
54-62 New Broad Street,
London EC2M 1JJ.
Tel: +44 171 827 3409
www.tullett.com
----------
From: Simon Trevor
To: RealTraders Discussion Group
Subject: Re: What are the basics?
Date: 18 March 1998 10:09
I don't agree that these are the basics. The basics consist of
the price
itself. Formula's (indicators) such as the ones mentioned are
only
derivatives from the price and hence cannot be relied upon as
much as the
price itself. Just follow the price.
Regards
Simon Trevor
>>historically the only thing elliot wavers ever got was a
chance to wave
>>goodbye to their money.
>>
>>
>
>I agree, MACD, RSI and Stochastics, plus EMA should do it.
These make
>up the best leading indicators. I am unable to decide which
one
>give an the earlist signal. May be it only works for us
daytradesrs.
>
>Pete
>
>petena9090@xxxxxxxxxxxxxx
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