Friday, July 13, 2007

Lesson 4 - indicators

no one knows if the market is going up or down.

most are predictions only, some predictions are more accurate than others, but none can claim to be 100% accurate, none!!!

best predictor or wave system are only 85% accurate, none can claim to be 100% accurate.

indicators are tools to assist to predict/assist us to some extent, use it to guide you, but do not depend on it 100%.

I use few indicators only - moving average (ema 144, 169, 12), adx (average directional movement index, stoch oscillator and parabolic SAR.

market is actually unpredictable, trend can change anytime from up to down or vice versa.

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