Indicators can be good as a predictive tool as long as:
-you don't use them to anticipate future price movements (eg. to spot overbought or oversold areas)
-you learn to use them by yourself, as all the guides you find.. crossovers.. colorful charts are c**p
-you don't try to catch every market movement and you're ready to wait even for weeks to get a damn signal
In conclusion, the best indicator is price: sr, trendlines and that stuff, or you can simply analyze a candlestick body, to see if a significant amount of momentum has occurred. I'm studying volatility breakouts right now...
I found it very interesting to use naked charts to find the best entries and indicators to exit.
there are many things that worked in the past. unfortunately none of them is the grail... I mean if you risk 3%/trade, some years you may get +100%... some +15%.. good capitalization is needed if you're a serious trader.
-you don't use them to anticipate future price movements (eg. to spot overbought or oversold areas)
-you learn to use them by yourself, as all the guides you find.. crossovers.. colorful charts are c**p
-you don't try to catch every market movement and you're ready to wait even for weeks to get a damn signal
In conclusion, the best indicator is price: sr, trendlines and that stuff, or you can simply analyze a candlestick body, to see if a significant amount of momentum has occurred. I'm studying volatility breakouts right now...
I found it very interesting to use naked charts to find the best entries and indicators to exit.
there are many things that worked in the past. unfortunately none of them is the grail... I mean if you risk 3%/trade, some years you may get +100%... some +15%.. good capitalization is needed if you're a serious trader.
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