Disliked{quote} At the moment I am using Ichimoku Kinko Hyo as my indicator. But I apply the three core theories mentioned by Hosoda: Wave Principle, Time Principle and Price Principle. This allows me to have a better understanding of the market so that I can enter and exit at the right time. There are a number of different forecasting tools Elliot Wave Principle, Hurst Cycle Theory, Three Peaks and the House of Doom and the Ichimoku Theory. In my opinion, a good forecasting tool will give you an edge, whether you use price action or an indicator. This...Ignored