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Indicators are liars
Started:August 5th, 2010 (04:30 PM) by Fat Tails Views / Replies:14,788 / 111
Last Reply:August 7th, 2011 (10:20 AM) Attachments:23

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Indicators are liars

Old July 21st, 2011, 04:07 AM   #111 (permalink)
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Sounds like reading a science textbook on physics or chemistry like comparing a bar of price data to an atom with components and multiple dimensions to it. Or a set of quantum mechanics properties , different types of spins and shells. Then applying this across different time frames I'm lost there and can't visualize that. Not that I have grad or post-grad school. Just reminds me of intro to physics or chemistry class or a textbook. And would this apply to price behavior outside of trading, like grocery store items and manager markups or discounts on a weekly basis.

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Old August 7th, 2011, 10:20 AM   #112 (permalink)
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One time almost every trader understands, that indicators are not grail - it's just methods. And as for trading, experience is much useful than naked technical analysis. In hard market situation no one indicator doesn't help.

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