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Old 07-27-2007, 11:19 PM
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Re: What are the best texchnical indicators to daytrade YM?

I remember going through the stage looking for every indicator. Plus side? I learned a lot about TA. Then I realized the problem was me, now I just price and my market internals. I have volume on the chart but I never look at it, not really sure why I even have it there.

I remember signing up for some momentum trading chatroom, they had roughly 5 indicators that all had to be in confirmation at the same time in order to make a trade. I could never figure out how they made any money since I never once saw them all agree at the same time. Usually by the time most of them were in sync, it was the end of the run and the guys who used price and tape were selling them their shares.

It's amazing how trading starts off as some whole new world, then becomes so complex and you stay up all night trying to dominate. Then all of a sudden, it's so simple yet so complex - that's when you get respect for the market.

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