Leading Indicators as Opposed to Lagging Indicators

Newtron Bomb

Experienced member
1,602 87
The best leading indicator i know of is jo public

As soon as a taxi driver tells me its a good time to buy XYZ or invest in a particular market then its too late.... "and if your so astute at this investing advice Mr. Taxi Driver, why are you still driving a taxi?"
 

Robertral

Well-known member
446 4
twalker said:
Bit of both actually

A leading indicator?????? hmmmmmm, I know one...it's called the Magic Ball indicator and I think it was developed by our very own BBB!!! He also developed the "dart board stochastic indicator"......
 

SOCRATES

Veteren member
4,966 136
Trader333 said:
As it turns out I am working my way through the No Indicators thread at around 5 pages a day and I am currently up to page 30 but have not reached your posts yet. I will just have to wait to understand all the "esoteric riddles" that appear to be being posted.


Paul

Hello, I promise you there are no esoteric riddles for the sake of riddles.
It is just that some individuals(because they are ready for it) immediately
snap at it and are able to have meaningful realisations,and, as a consequence
of this because thery are properly developed,
identify and ascertain hidden meanings in nanoseconds, or back engineered,
or whatever.

The others fall into three categories,

First of all we have the dunces, these fall into two sub divisions:
The rude and disrespectful and the imperinent and the impatient and so on,
and in the second category, also as a consequence of not being ready for it either.

The other lot.:

They blunder in and make posts out of context with what is being openly discussed,
but unfortunately for them it would appear as if it is written in a language that they do not
understand. But everything is explained very clearly, but very few understand it.

Then there is the third category: these are the serial snipers that patrol the boards,
looking for targets in which to make snide one liners of no value to anyone.

All of these get short shrift immediately.

We are only interested in identifying individual with special faculties.
We are only interested in individuals devoted to the pursuit of excellence
through self development, and not dunces, or snipers.

This is not our fault ~ it is theirs, but, I may add, as it is the fashion
of the age not to take any responsibility for one's actions wherever and whenever
possible, and to try to "dumb down" what ought not to be.

We are becoming inceasingly fussy as to who we admit and who not
to the highest level of darksiding, as we recognise, it is only for very few
who can aspire and then even fewer who can earn the right to be invited.
 
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bigtimetrader

Junior member
47 2
The fact is ALL indicators are in reality lagging because they are based of previous data. All an indicator, or even a chart for that matter, can do is put probability in your favor. There is NOTHING that will tell you what is to happen next.
 

chump

Senior member
2,212 274
"There is NOTHING that will tell you what is to happen next".

OK, I will take a stab at this one..what if it is much less to do with knowing/predicting what happens next and much more to do with knowing what YOU should do next ;)
 

darktone

Veteren member
4,016 1,084
Newtron Bomb said:
The best leading indicator i know of is jo public

As soon as a taxi driver tells me its a good time to buy XYZ or invest in a particular market then its too late.... "and if your so astute at this investing advice Mr. Taxi Driver, why are you still driving a taxi?"

:D

aye ;)

do what most don't. when most won't
 

TWI

Senior member
2,536 254
"There is NOTHING that will tell you what is to happen next".

But there are lots of things that will give you varying probabilistic outcomes. It is a case of always jumping on the higher probability options.
 

sidinuk

Established member
624 5
totally agree twalker - trading is all about probabilities. Just like a casino makes sure the probabilities are in it's favour on the games.
 

nbo2

Junior member
47 7
Just to set the record straight.

Mathematical indicators neither lead nor lag, regardless of which mathematical indicator is being used.

What they return is the result of a mathematical formula, correct as at ANY moment in time. Nothing more, nothing less.

It is how this information is interpreted and used that may be of value, and not the information itself. To understand and use the information it really does help if people take the time and trouble to understand what is being calculated by an indicator and how it is being calculated. That tends to hold the key to being able to properly interpret and utilise the information the indicator is providing.
 
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