Recent content by Firefly_au

What we have here is your typical WW cyclical bear market, so we either need to sit on the sidelines or learn to short if we haven't before now, as that is the way to play profitably until the trend changes :) The commodities slump including the price of oil has been indicating for some time...

From my experience, since most indicators are derived from basically the same data they all end up indicating the same thing with only minor but sometimes significant differences in timing....so basically it is better to keep indicators simple and well understood than go for complexity imo.

I haven't thought about collecting charts to demonstrate this effect well, so sorry I can't show you with charts just now. I am saying I believe that using closing prices and smoothing due to delay and averaging does cause indicator inaccuracies relative to the actual market price action, so I...

Yes I agree, how ever I suspect many interested in shares, trade initially via a superannuation platforms which most seem to rely on delayed data. Most indicators can be set with setting marginally useful for intra day trades and they can still be used to form a picture about the likely course...

I suppose that is the problem... I am really referring to both because most of my successful ST trades where over several days but the intra-day price action has a larger effect short term. Its a disconnect that became more pronounced while trying to predict future price action using TA...

Happy to try to clarify it for you :) "Realtime data" refers to the fact a many retail trader data sources are delayed sometimes upto 20minutes. Unless fees are paid to get more timely data often price action is all over before it shows up on retailer charts. Basically what this means is many...

I have found that the data used for any TA indicator is usually the ultimate source of trading failures intra-day. Unless the indicator data source is "real time" and non-smoothed they basically often fail. Most multi-day daily charts have the true range of price variance averaged out which...

Hi all, Pardon the Pun - All we need is for a internet virus or worm to permanently wipe out the internet and we will all be taking the EXIT in desperate boredom he he :D Seriously though - In every culture and nation on earth where women have been given control of their own...