trinbago2

What a misleading thread,MACD is a trend following indicator,RSI mimic's a line chart,ADX is a waste of time,Price is a finish product like a loaf of bread,Price with out structure is a waste of time,if you are so hung up on price then you should also know order flow,volume and strong supply or demand areas on a price chart.As for indicators they are all trading tools,you always find that people who are not trade oriented always bad talk tools.I guess you don't know much about the RSI,if you open up RSI to 1/3 of the Chart and use 60/40 zone there's a whole new ball game,within that range the market is oscillating,a trending market must break above 60 or below 40 and stay out there.Then trend line drawn on RSI shows a clearer picture than on price chart.RSI also shows better support and resistance than the price chart,this indicator is so indept that I will say is only fools will use it as an Over B/S indicator.I guess you have not heard of Andrew Cardwell.I created my own use of CCI as an entry indicator only, for precise entry,No zero line cross or over bought/sold area.What about bollinger bands,I use my own settings to create a trend indicator which shows what side of the market you must be on,it also gives strong retracements areas and stop placements.Indicators offers such an array innovation,if you just open up the box and use them as,you will have no edge and trading is all about having an edge.To each his own, as for me I don't use chart patterns,candle patterns,trend lines,price patterns and all the other normal stuff,I created my own SET UPS.As for any new trader I will advise learn the structure of the market,also there's a price you will have to pay with either with money or time.I choose time why because the more screen time you put in the better you will become,forget about about back testing and look at real live markets for hours you will learn alot on your own.