Disliked...The indicators may provide the trader with some help in making the trading decisions but in no event are the signals provided by those indicators responsible for the outcome of the trade, simply because they can not influence the outcome...Ignored
So, my next question is this:
What is the difference between information contained in your head, and information contained in a computer managed algorithm?
Since we don't blindly enter any market at any time, for no reason at all, we all must be in the business of using information of some kind to place our trades. So, all I would like to know is, how you differentiate the information flowing between neuronal input to neuronal input inside your brain, to that of external inputs flowing between algorithmic modules managed by a computer?
And, if you decide in your response to reduce the question down to one of human instinct, then my reply question will be: upon what principle is human instinct driven?
I'm trying to get to the essence here, for the root cause of the discrimination of technical analysis as a proper source of decision support information, as opposed to the use of information flowing through the human brain, as the proper source of decision support.
DislikedIf one is trading based on TA there should be a set of rules/indicators that one uses in the same manner all the time. In no event will those indicators provide perfect signals and to try and tweak them until they do is a waste of time. One should take the indicators for what they are and try to exploit the little edge that they provide the trader with. We all want consistent profits yet most fail to be consistent in their approach, because they want their indicators to give them perfect signals.Ignored
Lastly, how is "perfect signal" defined? If the target goal is 57 pips per trade and the target is struck more than 90% of the time (consistently), would that qualify as the near perfect signal - or - would that same target need to be struck 100% of the time, before it is deemed to be perfect?
If such a target, on a daily basis, were being struck with routine regularity for the past 1.3 years, using nothing but Technical Indicators, would that at least be something of a contradiction to the belief that: "In no event will those indicators provide perfect signals and to try and tweak them until they do is a waste of time."
Thanks for your replies.
My only regret is that I was not able to participate in this thread from the very first day!