an indicator discussion..., page-32

Hi T,

Good thread

Mkay...

here's my thoughts on indicators...

Firstly, as the regs know, I am a big dissector of the MACD, I use a 13MA and 21MA onprice (various timeframes) and I also use a std fast stochastic.

Truth be known I find the stochastic not much chop under daily timespans, though there are a few tricks that it helps with.

The MACD I love to bits, but am using it less and less for trading, n more for analysisng.

seemed to have hait a bit of a "different" level with trading at the moment, I am a constant trader on FOREX right now, though I have my SPI setup trades to pay for the bacon.

Nowadays i am (on Forex) primarily using historical support n resistance to decide if a trade is to be continued, or cut.

It is bizzarre but I am trading less n making more...

Thanks to a reduction of looking at indicators...

After three years of being on indicators i am mor n more inclined to pop them into a clssification of "training wheels". But I still loves em for the analysis.

;)