Read? Technical Indicators?
Read? Who Moves My Market?
Read? Which Theory of Market Behaviours to believe?
Technical Indicators are Good?
The problem with most technical indicators is that they tend to have adjustable parameters. Some even have 2-3 parameters to adjust.
More often or more, we tend to keep adjusting these parameters and do some back-testing on our favourite stocks until we manage to "fool" ourselves that we got a "right" system.
But after a series of losing trades, you may begin to realize that the "right" system doesn't seem right anymore. You may then turn to the "Guru" who may have previously give you the ideas on these indicators for help.
The Gurus always will have some "useful" feedback or suggestions for you to re-adjust the parameters and to fine-tune the system and you are back to do more back-testing to get another "right" system.
Sound familiar, right? You like MACD and ADX. Me too. There are three parameters to adjust and have fun. But, I have stopped doing it for quite sometime.Good luck!
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