We as a trader need a reason to enter or exit a trade.
That is what systems are for, together with experience and MM they make a method.
Most use indicators for building a system, others PA, Fibs or pivots.
Best is a mix, but the rule is: less is more.
A cluttered template will give an overload of info and it'll take too long to take a scalping decision.
My setup is always the same: basic THV in 4 TF, 4H heatmap with horizontal S&R levels and a candlestick 15M template for TLs, Fibs and Pivots.
The rest is feeling, good MM and a portion of luck.
Boring, isn't it?
That is what systems are for, together with experience and MM they make a method.
Most use indicators for building a system, others PA, Fibs or pivots.
Best is a mix, but the rule is: less is more.
A cluttered template will give an overload of info and it'll take too long to take a scalping decision.
My setup is always the same: basic THV in 4 TF, 4H heatmap with horizontal S&R levels and a candlestick 15M template for TLs, Fibs and Pivots.
The rest is feeling, good MM and a portion of luck.
Boring, isn't it?
Hell yes, indicators lag! They are based on past prices. And whatever they are designed to tell us, based on those past prices, by the time we get the "message" those past prices are over and done with.....a new bar has arrived! And, like you said, this new bar might reflect the market having changed its mind.....off in the OTHER direction, and trashing all those indicator "messages" in the process!
But. we all use them, even if it is just the Price, S&R, and something else thrown into the mix. Like you discerned, they create pictures,...
