Friends,
All seniors and other members,
I am very happy and thank you very much to all for participation in this thread,
I am with this great forum "Traderji" since last three years..
The heading of this thread " WHY TECHNICAL INDICATORS DOSE NOT WORK ? " I have chosen becoz we all are working around this area...
I want to discuss what I have learned from the forum,from various web site,from reading some books,and from my thinking.......of course for making money from the market..!!
Now come to the point...
The total game is about REALITY & ILLUSION,
The Technical Indicator is the ILLUSION, It is not the REALITY,
So Price makes the Indicator - Indicator can not make the Price
The true basis of profit is:Buy at areas where others buy after you and Sell at areas where others sell after you..!!
& It is not possible with ILLUSION,It is possible only after we know the REALITY,
=> Moving Average Crossover (Bullish or Bearish) it is not the REALITY, It is the effect - ILLUSION of Price Movement...
We have to know the REALITY,why this crossover occurred ? what is the cause behind it ?
=> Overbought or Oversold of STOCH,RSI,WILLIAM % and others oscillators..it is not the REALITY, It is the effect - ILLUSION of Price Movement...
We have to know the REALITY,why this Oversold or Overbought condition occurred ? what is the cause behind it ?
=> Profit = Others buy after our Long and Others sell after our Short.
It is possible only after understanding the REALITY.....