it is interesting how there is a great fascination from noobs about colourly indis
which are just calculating historical data to tell them the future
it can calculate now feelings but it cannot tell anyone where its gonna go
it just tells the strenght of teh movement from past to the present
other aspects we might consider is the weighted demand and supply aspect of how fast the direction might turn
ema's might tell us that the presents market sentiment is lower than the past's
so it might mean that it would be harder to get back on its feet and move the other direction
because for a flow of river to be changed,there has be a leak in the ground,giving that leak a new direction to flow into,thus lesser flow into the previous direction
for that,its much more useful to predict where the riverflow will go if we find cracks and tunnels ,not just look at the flow of river
like the trend might be lower than the past as supply overcomes demand,but things might be changing and we might start to see absorbing volume
the demanders can absorb offers given,the market shoots up
if u trade live ,ur emotions can run in,and try to wait for the market to come back,but it might come back a bit,and then shoot up again
but our physchology canot manage all of that streess,and the follower of the macd will be looking at the history
how is the macd gonna tell us that?
it cant because its just telling us the techinical point ,the market has many participants which make it move,on their beliefs and their interests,
they all have different directions
relying on historical data cannot bring much fortune
but they can help greatly ,if u can spot the participants digging their tunnels through the small cracks wanting the river to flow into their fields
and how conservatively they will manage that water,we can can predict how much water will be left flowing in the river direction
which are just calculating historical data to tell them the future
it can calculate now feelings but it cannot tell anyone where its gonna go
it just tells the strenght of teh movement from past to the present
other aspects we might consider is the weighted demand and supply aspect of how fast the direction might turn
ema's might tell us that the presents market sentiment is lower than the past's
so it might mean that it would be harder to get back on its feet and move the other direction
because for a flow of river to be changed,there has be a leak in the ground,giving that leak a new direction to flow into,thus lesser flow into the previous direction
for that,its much more useful to predict where the riverflow will go if we find cracks and tunnels ,not just look at the flow of river
like the trend might be lower than the past as supply overcomes demand,but things might be changing and we might start to see absorbing volume
the demanders can absorb offers given,the market shoots up
if u trade live ,ur emotions can run in,and try to wait for the market to come back,but it might come back a bit,and then shoot up again
but our physchology canot manage all of that streess,and the follower of the macd will be looking at the history
how is the macd gonna tell us that?
it cant because its just telling us the techinical point ,the market has many participants which make it move,on their beliefs and their interests,
they all have different directions
relying on historical data cannot bring much fortune
but they can help greatly ,if u can spot the participants digging their tunnels through the small cracks wanting the river to flow into their fields
and how conservatively they will manage that water,we can can predict how much water will be left flowing in the river direction
