Demystifying Technical Indicators – (What technical indicators really are and how to use them correctly)
Look, you know I trade based on price action and support & resistance levels, you know I don’t use technical indicators, and you know how I feel about them.
But let me tell you something…
I’m not going to ask you to stop using them (even when it is against my thought process).
If you feel comfortable with them, use them, if they give you the results you are looking for, keep using them. Just make sure you understand how to use them correctly. Alright
I’ve seen hundreds of traders using them. Some of them nail it down and use them in their favor… Unfortunately, most traders use them in a way that actually hurts them, and what is worse, most dont realize it’s the way they use technical indicators that is stoping them from reaching consistent results.