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If speed is a determinant, the fastest indicator of them all is price. :-)) Now
price also is also unfiltered, that's why most use indicators initially. But
the danger of filtering is that you lose out on key info, hence many try to get
back to as close as possible to price. As a sidenote, before PCs there were
almost no indicators and people made and lost money in the same proportions as
today. Everybody remembers the famous tape readers in NY or rice traders in
ancient Japan. One can wonder then, if indicators are a determinant of trading
success.
Gwenn
| -----Ursprungliche Nachricht-----
| Von: OatTrader@xxxxxxx [SMTP:OatTrader@xxxxxxx]
| Gesendet am: Tuesday, August 31, 1999 5:07 PM
| An: realtraders@xxxxxxxxxxxx
| Betreff: Re: Street Smarts
|
| It has been my experiences that most system developers use one indicator
|
| to get into trades and the same indicator to get. I have found that unless
| that indicator is very fast, i.e., fast stochastic 8 period, the same
| indicator should not be used to exit trades. "Street Smarts" for the most
| part can be applied to intraday trading, what has always worked for me, is to
|
| use one indicator for entries and a host of ways to get out, the more the
| better, but I seldom use the same indicator to get out unless I am using that
|
| indicator in a totally different way to get out.
| I can use an example of waiting for the On Balance Volume to be making
| one hour highs to enter a trade, if I then wait for divergence using the OBV,
|
| I then can use the same indicator to exit. I find too many traders want to
| enter and exit using the MACD and many times to turn against the trade
| arrives too late.
| OatFrom ???@??? Wed Sep 01 06:10:08 1999
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Date: Wed, 1 Sep 1999 09:18:13 +0100
Subject: Data on DJIA
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Sorry I'm asking you help: i lost my data on DJIA from 02/08/99. Can someone
help me? (i need o,h,l,c, ascii or metastock format).
Any hel would be greatly appreciated.
Many thanks
Luca Mazzanti
LUCA.MAZZANTI@xxxxxxxxxxxxxxxx
|