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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote ()	1/2/2005 5:49:27 AM
From: Walkingshadow	of 8752

It has often been said that I am more than capable of complicating a free lunch. So... this time I'll try not to! <ggg> I think there's plenty at Reid's link and here on this thread. I think if you learn what is there very well, you can be very successful at technical trading. After that, I'd be happy to throw in all the complications you like until you are not even sure how many fingers and toes you have! But seriously, there's something to be said for simplicity, and doing some basic things well. Reid has pointed out many times that it is best to use just a few indicators that you feel very comfortable with, understand well, and have had experience with. I probably use more indicators than he does, but also I sometimes tend to use too many indicators, so I think he is right. The problem is that if you look at enough indicators, eventually you will find things that disagree with one another. That's not so bad, but what this does is it tends to make you disregard the basic things the chart and technicals are screaming at you. And this can lead to some expensive mistakes (that is the voice of experience there, sad to say). T

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