technicals..., page-15

Tks for the reply MC and clarification on several points.

The following is a post I made sometime back re indicators which may or may not be of interest to you.

"Haven't got much time here is a brief view hopes this clarifies things to some degree at least.

Most indicators attempt to smooth price out in order to make it clearer. From my perspective I want as much information as I can possibly read, without that it's like reading a book that's had every second word removed. You may get some understanding, but you'll never get the whole story!!


All indicators are lagging, as they are derived from historical data. the degree of the lag being determined by the parameters in the set up of the indicator. Price action needs to be understood. Experience that comes from watching markets and then examining candle set ups and the volume that brought about such set ups as well as other factors.

Volume also plays an important part as well as levels which are VERY IMPORTANT etc, etc hence my comment re indicators one needs to look beyond them in order to advance further nothing more. Having said that I'm merely posting my my thoughts not criticizing anyone in particular or one's style for that matter".

Volume and price action !!!!!!!!!!!


Having been in this stock since 2.4 cents not 24 I'm more than happy :) I may not post often due to the amount of b.s on this site at times, It's refreshing to have someone reply
in an intelligent manner rather than one line b.s replies which contribute sweet fa.

I mainly trade/invest the 300. Nevertheless it was a punt that caught my attention for obvious reasons and will continue to do so for awhile at least.


Good luck in your quest

cheers