Would-be traders all tend to focus on indicators.'' The sense, I suppose, is that if there's just some magic indicator to be added to the chart, then trading becomes easy.

They're way off.

Personally, I don't rely on indicators.'' I am price & volume based when making decisions on trades, and although I might occasionally glance at a moving average or something, I like to keep my charts clean and put my focus at the roots of all indicators ' price and volume.

Does that make me better?'' Maybe.
Does it make me more decisive?'' Absolutely.

TEH : It is the start of downtrend when my cohort-1 first get to know me and joined my first class. I remember that I rubbished off indicators to be used to trade!! Then, here ironically ... I am teaching MA and RSI. Haha ... then, I said ... one fine day, after 2years or so, some of you will be better and expert than me. Then, we will start to collective discuss about stock pick!! Today, they are in level ONE of learning ... check my Bloom's.


Back when I first went full-time as a trader (remember I already had over 2 years of part-time experience trading), there was a guy in our trading office who suffered from indicatoritis.'' His monitor was the most colorful thing in the office, but also the most confusing.'' It looked like a child had taken the entire spectrum of dry-erase markers and drawn all over his screens ' a complete mess from which no sense (or cents) could be made.

TEH : Haha .. he speaks my mind. NO SENSE ... all the indicators in place and THINK they could trade better. Haha ... allow me to laugh. Talking about technical indicators, sir ... I thought you are teaching technical-indicators and TA class? Err ... why are you contradicting yourself again?? It is SO SO confusing!! Hmm ... it is confusing UNLESS you follow strict to certain given rules. You are learning SMA, you might heard someone told you EMA is better. You are learning candle-sticks with volume analysis, your friend telling your the ichimoku-cloud is the ONLY indicator to be used. OF COZ you get confused that some without indicators gaining hugely into Pentagon-wa. Haha

This was a man grasping for some kind of a signal, but what he actually got was 50 different signals which contradicted each other.'' His search for clarity resulted in confusion.

That's not a technician at work, it's a futile (and wasted) attempt at adding an ounce of consistency to his results.'' He was looking in the wrong place.

A few years later, I saw a presentation by a guy (who still maintains a pretty large following in the technical analysis community) who 'sees' his plays develop from charts with so many indicators that price itself is virtually obscured.'' Are you kidding?'' Suffice it to say, I think he derives zero value from those charts in terms of actual trade signals, but rather makes a really good living off confused traders seeking a magic bullet.

TEH : We have SO MANY out there talking about trading courses!! How they caught 20-30% during that trade blah blah blah ... and their classes selling well even it costs thousands!! Look ... if I am cheap, doesnt mean I not good, ok? The difference here perhaps I pure cold water first, if you feel chilling-cold ... that is market!! It makes you feel cold when you are in FEAR of losing money or FEAR of losing the so-called moving wagons!! SELL and BUY always in your mind. I will continue to provide a 'tuition' kind of trading classes ... go and spend your thousands in 2-4 days trading courses profesionally, then if you cant understand what is going on or lose money(dont blame the system, blame your HIGH un-realistic expectations and your greedy-ignorant self) ... then, you may pay me RM50+ per week to clear your doubts!! BUT BUT ... I am a cold-crude teacher whom you WONT like ... you expect me to give you the exact stock to trade, u will be EXTREMELY disappointed. I even have set of RULES to follow ... otherwise, my system collapse!! I teach HOW NOT TO LOSE MONEY ... and if you think you want to be a millionaire by next year trading KLSE, you will come to the WRONG person again.

You have all your indicators you want ... markets do NOT work that way, anyway. If you fail to understand that, sorry to say ... I cant help you. Please attend the thousands-dollars course, ok? They might be able to help, hopefully. It is HOPE analysis, anyway. Good luck.


Indicators:'' Use Sparingly

Traders by and large rely too heavily on indicators, when it's far better to use those indicators for confirmation.'' The price chart should tell you everything you need to know, but if you want some secondary assurance, then an indicator can provide that ' so long as you're using the right ones and at the right time.

Remember this when it comes to indicators:'' more does not equal better!'' Simple is ideal.

TEH : Good ... supporting what I am trying so hard to teach many of my tratles as some so used to listen to ALL the indicators ... blahblah ... dont even understand how market works etc etc. IF your indicators are SO SO GOOD, create a system and sell it for a million-dollar. I think it is worth investing the time-effort to create that as many fund-managers around will grab your CHEAP sure-win system ... RM1m, no problem man ... it is SIMPLE, anyway.
The hard part of trading is getting out of losing trades and staying in good trades.'' The hard part is not locating the magic bullet.'' Don't waste your time expecting to find the secret to 99% profitability, because it isn't out there.

TEH : Yup ... refer to above comment.
A better use of your time and effort is to focus on improving your methods.'' Even better, improve your mentality, because that's where the real game of trading is won or lost.

TEH : FULLY AGREED. READ THAT LINES AGAIN AND AGAIN, my dear tratles and readers. YOUR MENTALITY is your stumbling block!!

Jeff White

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Well, just sharing few of these TRUTH about trading with indicators, just trying to EXPOSE some scams trying to make money out of DESPERATE aunties-uncles(I feel for them as they are retiring and still being trapped in such RISKY business of trading, BELIEVING they could beat the market!!) ... squeezing out those YUPPIES who believe they will be a millionaire by next year, gaining 30% per month!!

TEH