I think that all traders who stick with the trading game long come to realize that all the indicators they've spent years of their life analyzing the markets with are no more predictive than the price itself. Its not the indicators themselves that create the trading opportunities as most people see them but its their display of the price movement that gives the trader a better view of what the market participants are doing. Less is definitely because averages and indicators smooth price and show a soft fuzzy picture of what the market is REALLY doing. Traders like this soft fuzzy picture because its less complicated and easy to follow but...IT LIES. Thats why the quest for the holy grail of indicators is an endless journey that gives satisfaction during the search but not in the result. Some indicators are very useful but only to the extent that they give the trader a better picture of what market participants are doing. Never believe that an indicator can tell you what the minds of millions of people are going to do.

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"Duct tape is like the force: it has a dark side and a light side, and it holds the universe together."