Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (479)	10/10/2000 1:11:49 PM
From: davealex	Read Replies (2) \| Respond to of 8925

I am a reformed system trader, used to have a whole heap o' indicators on all my charts. Why is it that I have lately noticed a TON of these statements on boards, in rooms, in books, magazines, etc.? I notice more people who say that they have traded for 10-15 years and finally chucked most, if not all, of their indicators and/or systems for pure price/volume. Is it because after trading this long, you can just start to instinctively KNOW what is happening? I have not been trading years and years, but I am at the point where all I want is moving averages, candles and support/resistance. I guess since it took a lot of people a long time to figure out, I am ahead of the game. Dave PS. i-g, not denigrating MACD or any other indicator, as I sometimes use them for confirmation, too, in iffy setups with great risk/reward.

To: Michael Watkins who wrote (479)	10/10/2000 1:40:47 PM
From: Jerry Olson	Respond to of 8925

HIya Mike i'd second that about all those indicators??? man there are so many, it can really cloud your trading mind.. people just sit there and stare at the screen..is this this?? is this that?? well if this indicator says that, and that indicator says this??? huh<VBG>???? when i first started to learn about trading for a living...i looked at everything...i already forgot all those a long time ago... hey the KISS method works for me... on my charts i have ADX & Volume..maybe 1 other something??? oh and sometimes i do use that MACD 3-10-16<G>..it rocks... wow, we be still selling all rallies...amazing buyers strike.. it can't go down for ever can it???<GGGGGGGG>.... regards OJ