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>BrentinUtahsDixie wrote:
>
>> Would you have the analysis Police come and arrest me if I use an
>> indicator? Can you say that no traders that use indicators have been
>> successful? That no complicated analysis works. Can't you say that this
is
>> your opinion or what seems to work for you? I have some indicators that I
>> love and that serve me well so you just wont convince me, but your free
to
>> try.
>>
>> Brent
For reasons best known to the cyberspace manager, I never got the orginal of
this post from Brent. However, seeing it here in Essan's post, I thought I
would comment as follows:
Please, Brent, use any indicators you like. Good luck to you. No skin of
my nose, honest. The reason I do not do the In My Humble Opinion bit, is
that I regard it as tortology. If I am writing the wretched post, it is my
opinion! I trade by closely watching the Price Action on the leading edge
of my screen - having first set up my chart with all the sup/res lines on
the left. I use one tool, the Fibonacci retracement tool, to tell me
whether a trend will continue, go nowhere, or reverse. What else can the
markets do? They may send you up the wall, but they won't go there
themselves...
For me, there is no point using a lagging indicator when a real live
ultra-up-to-date indicator is supplied by the market makers as they "take
money from the public". But you use what you want to and I have no axe to
grind about what you use - far less trying to convince you otherwise. I
don't want to be free to try. Why, what do I get out of it, for
Fibonacci's sake?
I would just like to get rid of the Don Fishback's of this world... Now
there I do have an axe to grind!
All the best
Bill ykyn
All I felt worth saying was summed up in the words Price Action. If you got
betta, good on ya!!
>>
>> > > But guess what? The only indicator you need is called PRICE ACTION.
>> The
>> > > only indicator that works consistently is called PRICE ACTION. The
>> only
>> > > indicator that doen't lag is called PRICE ACTION. And where does the
>> PRICE
>> > > ACTION count most? At major support and resistance levels. And
>> where do
>> > > you find those? Where the PRICE ACTION has shown you where the PRICE
>> ACTION
>> > > has been.
>> > >
>> >
>> > Agree...Agree and Agree. Couldn't agree more. Agree. I hope others
on
>> this
>> > forum read this bit of your post carefully and with a little thought
they
>> may
>> > finally come around to realising the beauty and simplicity of K.I.S.S.
>> Good
>> > point here Bill. Nuff said..... :)
>
>
>
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