One quick piece of advice - FOCUS on PRICE versus indicators -
they are laggards (you can employ indicators to look for possible
turns/triggers if they show divergence but PRICE is your
confirmation). Best thing I was ever taught, was to get rid
of indicators and focus on price with valid demand/supply zones and
moving averages (helps guide strength and turn points)
For trader's on indices - look for traps (stop runs below/above
previous highs for potential fades once/if momentum dies. We
refer to this as a "liquidity grab"
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One quick piece of advice
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Posted by steve on 25th of Sep 2024 at 10:56 am
One quick piece of advice - FOCUS on PRICE versus indicators - they are laggards (you can employ indicators to look for possible turns/triggers if they show divergence but PRICE is your confirmation). Best thing I was ever taught, was to get rid of indicators and focus on price with valid demand/supply zones and moving averages (helps guide strength and turn points)
For trader's on indices - look for traps (stop runs below/above previous highs for potential fades once/if momentum dies. We refer to this as a "liquidity grab"