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Old 05-09-2008, 01:20 PM
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Re: Best of the Worst

I wish there was something like that available. I would have used it along time ago on my search for great indicators. Now I use a few different indicators from time to time, and it changes depending on what market I'm using and the time frame. The simple reason I use them is to help confirm what I am looking at on a chart. I won't sell because I see an "overbought" (btw I hate that word) signal, nor will I buy on an "oversold" indicator. Instead, I will look for a signal to enter a trade WITHOUT the indicator, and the indicator is simply there to say, "James, once again you have proved to be a badass."

When you do decide to work with indicators - when you are past the holy grail stage - I suggest going over to www.stockcharts.com and playing around with what they have available. Use the MACD, stochastic, RSI, whatever and find one that fits your trading style and personality. You may walk away thinking you don't need one, and that's absolutely fine. But don't count on them doing you any favors

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