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It’s Better to Enter a Trade Late and Be Right than to Enter Early and Be Wrong
A comment that comes up quite often in our daily live webinar sessions is about “lagging indicators”. The issue is that traders are reluctant to use the indicators since they lag the market to a greater or lesser degree. The result is that many pips can be left behind since the initial part of the move has taken place before the entry signal is generated. Let’s take a look at what comprises the signal that an indicator generates. Whether it is the RSI, MACD, Stochastics, etc., the indicators are all based on an average of price action that has already taken place. With that being the case, it is impossible for ... (full story)
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