DislikedIn my opinion, any chart based trading strategy using conventional chart indicators like - bollinger bands, MA's, RSI, stochastics etc, which covers the vast majority of trading strategies that people share on forums, is GARBAGE! as they just randomly show what has been and gone. And even blank candlesticks charts (which are way better than indicator filled charts) are a mere graphical representation of what has already happened, with no guarantees as to what may happen next.Ignored
But one thing that you fail to see is that, these do tend to bring out user patterns and behavior.
That is human nature and weakness. It is useful to know the past behaviour so that we can use this predictive behaviour, hopefully, to our financial benefit.
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