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Originally Posted by MickMason
So if it's nothing to do with prediction tell everyone what the grail really is, don't be shy, be helpful  |
If one got nit-picky, one could say that by using any kind of indicator, you are trying to be predictive. But indicators only show what happened in hindsight anyway. Just an indicator that shows when there is recent strong directional action is all that is needed. And then trade in a distinctly different way in strong directional action versus sideways action, not worrying about the inevitable losers that will accumulate, knowing that as you book winners and keep track of how much you need to close the biggest loser plus that little bit extra, you will achieve equity gains.