Disliked{quote} he has the edge only thing missing is risk management and stop loss thats it the day he fix it he is profitable.Ignored
to be profitable you also need to know where the indicator fails, why, and how to avoid that.
or, if you prefer, you need to know where the indicator is more powerful, why, and how to get that.
this is true for all indicators, simply because market moves based on reasons and because of reactions in price.
In my opinion, and as per my experience, there is no other way than knowing and understanding what is happening around a move.
if price is potentially going from A to Z (being A and Z a supp/resistance) an indicator can help in defining an entry say from C to G.
And that would be quite an impressive thing I would say. Most aged traders would say the same.
problems come because of many psychological matters, the need to bring the low / peak, the ideas, the bias, fomo, lack of confidence, overconfidence (be it in indicators, or self confidence or what ever), self confidence disruption after a loss (overleverage), and so on …. The list is pretty long indeed.
90% of traders use TA, indicators and prediction
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...they a dead end street..
