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I just happened to try the laguerre indicator and it is much more efficent over regular rsi etc.. This got me started into looking into John Ehlers methods. I have read all the free stuff on the internet and I glanced through his Rocket Science ebook. I find all of his methods very confusing. I do not know if confusing is the best word to use- I just cannot figure out any general setups to use. All the indicators and ma's work better then regular indicators I just am lost on how to put it all together in a trading routine.
A example is the Directional Movement system indicator. I like to use this indicator to get a general feel for current market state ie. range vs. trending.
Does Ehlers have a way for detrmining trendness or ranging conditions?
Any setups or strategies with these indicators would be greatly appreciated.
These indicators perform more timely over regular indicators- so a greater edge would be realized by using them. Out of any other TA author- I find Ehlers work the hardest to grasp! I think it is all of the damn math and formulas!
Any thought or advice for further info on DPS systems?
Also, which of Ehlers book should a trader first buy? The Rocket Science for Traders is free online through my library- Does his newer books have any important info that is a must read?? In other words, should I fork over 80.00 bucks for his latest Cybernetics book?
Thanks fellow traders for any help!
M Rippy
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