05-09-2008, 10:49 PM
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#9 |
Join Date: Sep 2007 Location: n/a Thanks: 27
Thanked 209 Times in 112 Posts
| Re: GPS Trading Quote:
Originally Posted by forsearch » The last two: Oscillators and Moving Averages... don't you find them to be a bit laggard when using them? | This is where many traders, in my opinion, get off track. There is absolutely nothing wrong with using a lagging indicator if you use it to obtain the correct information. Many traders look to indicators for a signal TO trade when they should be using them to find areas NOT to trade. By being able to quickly and efficiently remove lower probability situations, you give yourself a greater chance at being correct. Quote:
Originally Posted by forsearch » Also, what about using tick chart and a volume/share chart, and a regular (time) chart concurrently. Would this fit your parameter of showing a different view of the markets? | It strongly depends if your vantage points are unique enough to quickly spot the required information. If during a certain market condition your time, tick, and volume charts are giving you similar bars then there is not enough difference to extract the required information. Quote:
Originally Posted by ckait » how about price time and volume through in some tpo's and your good to go | I take it that when you say price and time you mean candlesticks on one time frame? If so I would consider that one, not two.
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