View Single Post
  #28 (permalink)  
Old 01-12-2008, 04:24 PM
mp6140's Avatar
mp6140 mp6140 is offline
Senior Member
 
Join Date: Oct 2006
Posts: 673
mp6140 is on a distinguished road
Mp --- Ha, Just My Favorites

Ive seen a Vespa motor scooter striped down and made into a serious racing machine but when a Ducatti twin turbo moves in next to it, one begins to get second thoughts !

The HA candle system is a TREND FOLLOWING system --- It HAS to lag because its based on high, low, open and close and it has to close before all those little calculations can happen and its purpose in life is to show TREND, as in and of itself, it will LAG the correct tp point !

Having said that, overlays can be added to the HA system that will show correct "tp" points, but it becomes a display of useless effort to try to make that vespa keep up with the Ducatti by ALTERING how the HA works ---- it just aint gonna happen !

Zigzags and support and resistance will translate into correct "tp" points while using HA, as will some noteable and well used "crossovers", be they moving averages or CCI/RSI/STOCH ! Support and resistance, the most impt elements of forex trading, can be well used also ---- theres precious little new under the sun, and while one can applaud how often people continue to re-invent the wheel by trying to modify HA, it becomes "cute" when one has watched this activity for a dozen years or so !

HA is great, but it needs a tp point indicator and you will find that with any of the normal support and resistance overlays !

enjoy and trade well

mp
__________________
KNOWLEDGE and EXPERIENCE are the handmaidens of the riches of forex, and i buy them roses every day, with many a thank you !
Reply With Quote