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Best leadind indicator

  • #1
  • First Post: Dec 22, 2006 12:14am Dec 22, 2006 12:14am
Personally, what do you think is the best leading indicator? (You pick the time frame and indicator to go with it).
  • #2
  • Dec 22, 2006 12:22am Dec 22, 2006 12:22am
My best indicator is my dome when i'm looking at a 5 min chart of the EUR/USD.
How you act is more important than how you feel.
  • #3
  • Dec 22, 2006 12:59am Dec 22, 2006 12:59am
Is this a trick question??
  • #4
  • Dec 22, 2006 4:54am Dec 22, 2006 4:54am
if u say elliot wave is an indicator than i would say it is the best leading indicator...
  • #5
  • Dec 22, 2006 10:13am Dec 22, 2006 10:13am
candlesticks, any time frame, any pair, any market....
  • #6
  • Dec 22, 2006 11:48am Dec 22, 2006 11:48am
Best leading indicator is the one and only "leading" indicator

Price Price Price

All others lag
  • #7
  • Dec 24, 2006 10:00am Dec 24, 2006 10:00am
Thank You !!!

dcline

Quoting SunTrader
Best leading indicator is the one and only "leading" indicator

Price Price Price

All others lag
  • #8
  • Dec 27, 2006 5:01am Dec 27, 2006 5:01am
squaring of time ...
You can quit and they won't care, but you will always know.
  • #9
  • Dec 29, 2006 9:46pm Dec 29, 2006 9:46pm
CCI baby, CCI.
  • #10
  • Dec 30, 2006 6:48am Dec 30, 2006 6:48am
Quoting SunTrader
Best leading indicator is the one and only "leading" indicator

Price Price Price

All others lag
You forgot pivots.
  • #11
  • Dec 30, 2006 12:59pm Dec 30, 2006 12:59pm
No I didn't. Pivots CCI RSI and everything else lags. Price is always right. Are pivots etc etc always right?

There are useful to a certain extent, just not leading.
  • #12
  • Dec 30, 2006 3:59pm Dec 30, 2006 3:59pm
Since my last post on this thread was deleted for telling the truth, I'll say it again, Suntrader is completely right. NOTHING LEADS PRICE. Pivot points mean nothing until the price crosses or rejects the pivot, until then they are only 'areas of interest'. CCI is only the deviation of a moving average from the price, it predicts nothing. Sorry to bang on about this like a moaning old fart, but newbies would save alot of time & pain if other people didn't obfusicate the truth with their 'leading indicator' fantasies.
The breaking of a wave cannot explain the whole sea.
  • #13
  • Dec 30, 2006 4:28pm Dec 30, 2006 4:28pm
Quoting SunTrader
Best leading indicator is the one and only "leading" indicator

Price Price Price

All others lag
I don't understand. What does this mean? Please explain.
  • #14
  • Dec 30, 2006 8:25pm Dec 30, 2006 8:25pm
Well in actuality there is no "leading' indicator but price itself gives the most information. Not some derivative. Because something give better probabilities than something else does not make it "leading".

Economists even use the expression Leading Economic Indicator. But how can anything be leading if it leads some of the times and other times not?
  • #15
  • Dec 30, 2006 10:53pm Dec 30, 2006 10:53pm
Leading Indicator 1) = DNT.
Leading Indicator 2) = Traders lacking more than Teachings will not comprehend Leading Indicator 1)
  • #16
  • Dec 30, 2006 11:34pm Dec 30, 2006 11:34pm
Quoting SunTrader
Well in actuality there is no "leading' indicator but price itself gives the most information. Not some derivative. Because something give better probabilities than something else does not make it "leading".

Economists even use the expression Leading Economic Indicator. But how can anything be leading if it leads some of the times and other times not?
When you refer to price as a leading indicator I assume that you mean you can use the price as a lead to predict future market movements and when you undermine the effect of other indicators because they are sometimes right it probably means that you can predict the future movements of the market 100% right with the help of price. Is this what you are trying to say?
  • #17
  • Dec 31, 2006 2:18am Dec 31, 2006 2:18am
Quoting aparsai
When you refer to price as a leading indicator I assume that you mean you can use the price as a lead to predict future market movements and when you undermine the effect of other indicators because they are sometimes right it probably means that you can predict the future movements of the market 100% right with the help of price. Is this what you are trying to say?

I might be off track here, but when I hear or use the phrase 'price is the best indicator of price' I am understanding that all technical indicators lag price for the simple reason that they are derived from price.

So in order to find an 'indicator' that leads price one must think outside of the technical box. Hence Bemac's comments a few posts back.

Fibonacciists, I believe, would say Fibs are a leading indicator of price action/reaction. Channelists would say that resistance lines can predict price action. But of course none say 100 %. Chartists would say the same about price patterns.

This brings us to fundamentalists who might look at the long term fiscal positioning of a country and make a prediction on price... long term. (not talking about 'video game trading' of news releases here).

Hope this helps.

Lou
  • #18
  • Dec 31, 2006 4:54am Dec 31, 2006 4:54am
Quoting Lou
I might be off track here, but when I hear or use the phrase 'price is the best indicator of price' I am understanding that all technical indicators lag price for the simple reason that they are derived from price.

So in order to find an 'indicator' that leads price one must think outside of the technical box. Hence Bemac's comments a few posts back.

Fibonacciists, I believe, would say Fibs are a leading indicator of price action/reaction. Channelists would say that resistance lines can predict price action. But of course none say 100 %. Chartists would say the same about price patterns.

This brings us to fundamentalists who might look at the long term fiscal positioning of a country and make a prediction on price... long term. (not talking about 'video game trading' of news releases here).

Hope this helps.

Lou
Thanks Lou. In my opinion something (whether fundamental or technical) can be called an indicator that helps me to understand the market movements. Therefore a leading indicator is the one that predicts the market movements in advance. By this definition in mind price is NOT a leading indicator.

On the other hand some of tech. or fund. indicators are more successful than the others in predicting the future price movements. That's why many of us consider them leading indicators. However, none of them are perfect and that's why the search for Holy Grail continues.
  • #19
  • Jan 1, 2007 10:28am Jan 1, 2007 10:28am
As I have said before. just because something predicts price in the future better than something else, does not make it leading. Just better odds.
  • #20
  • Jan 1, 2007 6:38pm Jan 1, 2007 6:38pm
Would anybody consider divergence to be a leading indicator?
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