Traders Laboratory - View Single Post - Is the YM the new ER2?
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Old 07-25-2007, 04:18 PM
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Re: Is the YM the new ER2?

There's just so much noise.

Moving averages are pretty useless. Trendfinders? Might as well give your money to charity where it will do some good. Eyeballing is good enough to find the trend. Anything else just lies to you just when you need it to be most accurate. I'm a programmer and I've written many of my own indicators and I can testify that almost all of them aren't worth the time I spent on them.

Levels, trendlines/channels, fib levels and the tape are the only thing that make any sense right now. To me anyway. I've tried just about everything in the indexes and they march to a different drummer. You sense the cold, blind calculations of programmed buying and selling in them.

Thank goodness for soybeans!

(Thanks for the thread ref, walter.)

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Last edited by GCB; 07-25-2007 at 04:22 PM.
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