Don't want to disrupt the discussion or the journal but i'd like to correct this false perception. The MACD with Bollinger bands is lagging but you would use it to detect where resistance is likely to be found. When the dots rolls on the edge of the bands then you know that price is facing some resistance. That's the way i use it and in that sense it's leading the way.
The following 5 users say Thank You to trendisyourfriend for this post:
Absolutely true. The MacdBB's are a leading indicator for those that have the ability to read them. To those that don't, it's nothing more than a bunch of squiggly lined up balls that don't work...... move on......Next Indicator
They can tell just how much of a pullback you are about to receive, and also when. Can't tell me they are laggers
BUT, they are no different than any other indicator. If you spend enough time with ANY indicator, on an intimate level, and study nothing else exclusively, the same results can be achieved. The problem with traders is that in search of the 'HOLY GRAIL", they miss the point that it is within them the whole time. If I would have studied the (for example purposes) the CCI, the same results would apply. Yes, the CCI is a leading indicator IF you know it well enough to be able to tell what it is thinking. The MacdBB is nothing special, it's just that I have become one with it, and it talks to me and tells me what is about to happen to price bars because of its particular positioning.
“The more I am around people, the more I love my dogs.” ~Author Unknown
The following 4 users say Thank You to er2wizard for this post:
in no way I'm saying this is not a real account. and sorry for being off topic. but I think people need to know that showing some numbers on the dom doesn't mean anything. you can create any sim account with numbers of your liking.
again sorry for hijacking your thread.
The following 3 users say Thank You to Silvester17 for this post:
I am as skeptical as anyone and I believe that Horst is legit. Reason being is:
1. That he legitimately tries to help me and I have already paid the fee.
2. I have seen Henry (not Horst) do very well in person from watching the charts much like what I see Horst do.
3. Horst is not that technical or wasn't with Ninja and nor is his Mentor (Henry). Henry uses TradeStation and I remember having many conversations with Horst trying to push NinjaTrader or at least keep him on NT over TS! It would be a jump for Horst to know how to put in a fake sim account into NinjaTrader or do that early on since he started doing this in October. I know, I showed him how to do a bit of the stuff that you are seeing him do today. Plus another guy has created some programming for him as well, so unless the other guy is also in on it. I remember showing him how to scroll vertically, chart trader, etc...
Just my 2 cents. Not defending Horst as I could be wrong, but I highly doubt it.
The following user says Thank You to bluemele for this post:
Yup, that is a good point! I don't doubt people do it. My AMP account has the xxxx!DORMAN! thing on it and I would prefer a regular number but I guess because I use Zenfire and not TT or the other feeds it has to be that way! It is a very valid point, but remember also that Horst is not THE vendor. He is a student.