Maybe, maybe not. All I was asking was why someone who has charts littered with Keltner Channels would say "Get rid of all that shyte" or words to that effect.
you seem to be implying that I'm being hypocritical in my exploration of KCs as a tool ?
I made it abundantly clear that my interest was an 'experiment". I also made it abundantly clear that I expected the experiment "to fail", or "turn out to be a crock of shyte".
However in choosing to trial the KC channels, i did so comfortable in the knowledge that
a) I arrived at this decision based on my own observation and interpretation of events.
I didn't just thoughtlessly fire up aimless, meaningless indicators on my chart as many newer traders seem to do, without understanding either the indicator, how it works, or how they as a trader arrived at the decision to trial it
b) in trialling this indicator, I at least have a simple KISS explanation of what it is, what it represents: "when price moves significantly beyond it's typical average range, there is a likelihood that it may revert to mean".
I'd like to see a newbie (or even yourself) define Stochastics in 19 words !
c) I am not interested in endlessly fiddling with the settings. either it works or doesn't. what makes me particularly uncomfortable with newbies and indicators is the impulse to tweak settings to best-fit historical data, without realising that a 12-26-blah-blah is really no different than a 10-22-blah-blah when moving forward onto live trading
d) as an experienced trader i decided to trial my KC channels in order to
refine my entries, exits, not just as a first attempt at signalling how or when to enter a trade
e) I will always recommend a new trader, such as the OP declared himself to be, to first remove all indicators in order to first study and learn PA.
f) Stochastics I find, personally, to be the most tedious of all this indicator nonsense. All newbies throw them up, nobody has a clear understanding; and best of all, the most successful Stochastics traders are those who trade the "Stoch POP", which is directly the opposite of how the majority of newbies play the signal !
Finally, I can find about 11 charts in my journal with KC channels on. Bear in mind, it's my journal in which I'm free to post whatever I wish, but i find your use of the term "littered" to be highly abusive and confrontational.
But then I always find you and your posts, whomever they are aimed at, to be abusive and confrontational.
Plus ca change
