View Single Post
Old 19-04-2008, 23:21   #1
lina06cn
level 1
 
lina06cn's Avatar
 
Join Date: Jun 2006
Posts: 6
Downloads: 0
Uploads: 0
Rep Power: 0lina06cn is on a distinguished road
Smile Indicators are useless

Why so many people try to use many kinds of indicators? After all they are useless. Indicatores based on price. When one wave comes, indicatores will cross again and again. If you take postion by cross between the wave, then you will get lose-cut. Only the last cross near the support or resistance will be useful.
So the point is find out important support and resistance.
The only useful trade methods will be pattern, trendline.

Anyone agree with me?
lina06cn is offline   Reply With Quote