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12-11-2007, 02:19 PM
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which is better?
which is better in determining if the market is oversold or overbought.. RSI or Stochastics? Any opinions from you guys would be appreciated..
Thanks!
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FX Trading     
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12-11-2007, 04:42 PM
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The problem with trying to determine oversold/overbought is.
If its overbought that can mean one of two things, its overbought and its going to drop and come down, or its overbought because its going up sky high.
If its oversold that can mean one of two things, its oversold and its about to start moving up, or its oversold because its going to go down down down. So you still arrive at the same 50/50 conclusion, is it going up or down, weather you think you can determine overbought or oversold or not. Sell high and buy low?Who determines when its actually really high or low? It can just be finding a higher high or lower low. 
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Dont worry, bout a thing, cos every little thing, gonna be alright.  The future has not been written. There is not fate, but what we make for ourselves.
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12-12-2007, 01:03 AM
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Quote:
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FX Trading
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12-12-2007, 08:11 AM
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estimation of overbought/oversold
Stochastic
Stochastic Oscillator MTF Stoch Bars Indicators Demarker Demark documentation and code Ind-TD-Demark-3-1 Td TD Differential indicator Stix, ATR Levels, zigzag patterns and much much more Fibo/Pivot how to use the fibo_pivot indicator? Fibo & Gann variations Pivot indicators >> Pivot range << http://www.forex-tsd.com/suggestions...nly-pivot.html digital filers on D1/H4 timeframe http://www.forex-tsd.com/1822-post18.html http://www.forex-tsd.com/digital-filters/ filters indicators and so on CCI Zee's CCI - better looking CCI indicator MTF CCI Bar Indicators CCI Candles SuperWoodieCCI Woodie's choppy zone indicator CCI Woodie like CCI Filter Price itself MaksiGen Trading system (light Paramon) MaksiGen Trading system Ichimoku 200 sma or ema and so on (s/r by ma indicator) Fractals (high on low) Fractals Level Trading system Level Trading Level Trading 6 SMAs system Forex Trading With Simple Setup
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12-12-2007, 03:03 PM
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Thank you newdigital
.. for all the helpful links.. I am just starting to demo trade so it is really a big help for me..
__________________
FX Trading
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