AA, I use a lot of things. You appear to insinuate that I use only indicators. I post a lot of stuff on other threads, so you may not be aware of what I watch and use with T/A.
As for short term stuff, I do recall you waiting much of the summer for the perfect set-up, and then not trading it. The perfect set-up sometimes gets by us, but there are opportunities every day. Many of us trade options. A lousy 40-point bounce can be worth 25% on QQQ options. Is that chump change to you?
As for indicators being worthless, I would disagree. They may not work for you, but they work fine for me.
I think we all have to use what works best for us. Sharing what I see is something I've done for a while. If more people found it useless, I assume I'd have probably have heard sooner.
I for one find all the talk about Rydex and COT worthless, but if it works for you, that's what's important.
In the header it says we don't talk about individual stocks, but there are posts everyday about individual stocks. I like it, but the header says don't do it.
I guess what I'm saying is that we all can find things to nit-pick about, but we're all on the same team here. If we can trade the perfect set-up, that's fantastic. If we can make money in between, that should be fine also. |
