Milk The Market Investment Blog

I’m not a big fan of wacky indicators, or really indicators in general. Almost all indicators are derived from price and volume, and hence they are lagging, especially averages. But can they assist in a predicting the future based on which way a line is trending for instance, sometimes… but I think the more important thing is that so many people believe indicators are the holy grail that you can predict what a lot of other traders (mainly retail) are going to do. So you do you fade those, or do you play along? Anyways, here’s an interesting video. And yes, as he states, whether what he is doing is right or wrong, you cannot argue with results.

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