Looking for Indicators That Suit Me
So far, in my quest for developing a system, this is what I've learned:
There seems little difference between bears and bulls--they both aspire to buy low and sell high, and everything about differentiating them complicates the matter.
I'm looking for indicators that help me do this, the best; following a prime one, followed by a secondary, seems to be what constitutes a system, coupled with money management.
Okay; just what should be the indicators ought to follow, given all I'm trying to do is buy low, and sell high? All the technical jargon seems to be obscuring this--now I understand this, though, it's helping me focus on what I'm trying to do.
There are five main ones for futures, right?
There are five main ones for futures, right... Wrong !!
Indicators as a whole are only there to confuse and delay, ever wondered why a broker will have banners advertising hundreds of indicators.. Because they waste your time and more importunity your money.
There is no super secret indicator that warns a high is coming or a low, indicators lag behind the price they have no future knowledge. Are they useful yes do people make money with them probably. But a strategy built around indicators is crazy, they are given away free because they of there limited use. Focus on Price analysis and walk away from the indicators. Trust me if a couple of indicators made it so I could see a high coming I would be a Billionaire by now