Jerry,
Nice post! I agree. A few oscillators, a few trend followers. Find ones you like. Fine tune the time frames so your indicators agree with each other, and with YOUR time frame. Learn to read a chart, you don't need a bunch of indicators to tell you which way the trend is going. You do need one or two to tell you if volume agrees. (MF, OBV, PVT, etc) You also need a Stochastic, or something close, to tell you if C is closing towards the top of the range of the bar or the bottom. MACD's are both a trend follower and an osc.
It's when you throw to much stuff into the mix, with indicators that do not work with each other, and time frames that conflict, that makes TA hard. If you can't look at a chart, and see S&R right away, you will never trade well.
You can do a good job trading just using some of the "canned" indicators you get with Quotes plus, if you understand them and use the same ones consistantly.
Best,
Steve
Best,
Steve |
