Quote:
Originally Posted by tymen1
As for indicators, the best of them (MACD) are correct at best, only 50% of the time.
I have abandoned indicators and only use direct price action.
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Listen to this advice!!!...
You probably won't, you'll get attracted to a swish, fancy, all singin all dancin system with a whole stack of alluring, squiggly lines & colorful curves slapped all over the screen. So much so, you'll barely be able to see the actual price bars/candles which are driving the indicators in the first place
Studying price action & the relationship of supply-demand (support & resistance) takes time. It takes effort & it aint easy. That's why new traders abandon it in favor of a sexy clutch of indicators...in the hope it'll short circuit the
REAL WORK!..they want results & they want em
NOW!
Do yourself a massive favor John Nash - resist the "quick fire" temptation to riches & get your head down to some serious study!
It'll take you longer & it'll frustrate the hell out of you at first, but it'll also equip you with a lifetime worth of opportunity!
