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[RT] Indicators



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<DIV><FONT face=Arial size=2>This is a re-send, as it has not appeared (on my 
screen!)</FONT></DIV>
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<DIV><FONT face=Arial size=2>&gt;With all due respect, you<BR>&gt; seem to have 
quite a narrow definition of "indicator<BR><BR>I don't mean to take this 
sentence out of context, but I believe that it is<BR>the nub the 
issue.<BR><BR>Indicators are, so far as I am concerned, all those in the 
analysis<BR>techniques box in my Supercharts.&nbsp;&nbsp; I have collected over 
100 in my time and<BR>they are all lagging and, for day trading purposes 
useless.<BR><BR>Take today's action on the bonds:&nbsp;&nbsp; look at the chart 
and you will see<BR>exactly what I mean.&nbsp;&nbsp; Price patterns, support and 
resistance and other<BR>tools will give you a much better and faster and more 
profitable result than<BR>using an indicator.&nbsp;&nbsp; That ADX was right - 
miles after the event.&nbsp; Fine,<BR>perhaps, for position trading, or showing 
how clever it is after the action<BR>is all over - but, frankly, useless to a 
day trader who is reading the<BR>market as it goes along.<BR><BR>The wedge or 
whatever you want to call it was the signal.&nbsp; At the time.<BR>Clear and 
simple.&nbsp; No lagging.&nbsp; No the ball.&nbsp; What else do you 
want?&nbsp;&nbsp;&nbsp; The<BR>J-Hook into new territory was the signal.&nbsp; 
Measuring the retracement means<BR>using a tool, not an indicator.&nbsp; Support 
and resistance are facts in the<BR>market.&nbsp;&nbsp; They are not 
indicators.&nbsp; They happened and can be relied on.<BR>Price action is the 
market showing what it is doing, as it is doing it.&nbsp; If<BR>it forms a wedge 
it is telling what it is doing.&nbsp; What indicator can work as<BR>fast or as 
accurately as that?&nbsp;&nbsp; What?&nbsp;&nbsp; Tell me.&nbsp;&nbsp; I will 
use it.&nbsp; So would<BR>about 50 or so others on this list who trade in my 
like fashion.<BR><BR>Anyone can use whatever they like.&nbsp; That is there 
privilege.&nbsp; All I know is<BR>that what I have found to work and can show 
works, works.<BR><BR>'Nuff said.&nbsp; Supper time over 
here...<BR><BR><BR><BR>Bill Eykyn<BR><A 
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read 
the tape"<BR><BR><BR></FONT></FONT><FONT face=Arial size=2>Bill Eykyn<BR><A 
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read 
the tape"</FONT></DIV></DIV>
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