i appreciate the views of swing trader. I have been in technical analysis since 1995. workerd with each and every indicator. developed my own indicators in metastock. i am a licenced user of metastock pro 8.0, advanced get, wave 59, falcon and iris. with all the experience what i realised is what swing trader said is right. the only missing part in communication is that it is applicable to hardcore chartists who track markets full time with charts.
the views of others are also respected.
basically the money making in markets depends more on psychological aspects. charts only give a clue. if you go biased, then any thing is useless, whether it is macd,ma or any other mechanism.
it is not that i don't respect the indicators. having worked days and nights on all types indicators what i understand is that experience it self removes the need to look for any indicator. hope swingtrader wnats to tell the same.
WHAT I APPEAL TO ALL THE TRADERS IS THAT THE TRADING PSYCHOLOGY IS MORE IMPORTANT. BE LIKE A REMORA. BE WITH THE SHARK, DON'T GO AGAINST HIM. DON'T EXPECT THE MARKETS TO DANCE AS PER OUR TUNES. WE HAVE TO CHANGE THE TUNE AS PER THE MARKET MOVES.
ajay