Every week I get a ton of emails asking me about the “perfect” technical indicator, what parameters should I use with this indicator, etc, etc, etc.
And I always answer the same thing: “Look my friend, I dont use technical indicators and dont recommend you to use them, at least not as a trigger signal”.
Heck, I’m thinking about using a generic email template to answer this question…
Anyway… I was thinking about a way to help you get rid of technical indicators (for the reasons I explain below)… And came up with something.
So here is the deal:
Every night, before you go to bed, you need to repeat “Stupid technical indicators” five times…
Maybe by the third night, you’ll start believing it. By the fifth night, you’ll start looking for other ways to profit from the market… :D
Or maybe you can propose another solution to your fellow traders to stop relying on technical indicators?
Share your thought in the comment section. In the meantime let me show you my case against technical indicators.
forex, technical indicators