Over half of all indicators on the forum are lagging indicators; which gives a clue of how important they are.
Let's talk about how to use them successfully.
Always Do This!:
All profitable traders: swingers, day traders and scalpers review lagging indicators, on the highest of their THREE timeframes.
ALWAYS, ALWAYS review your highest timeframe to get the BIG picture; regardless of what type of trader you are!
Once you rise above the noise of the lower aggregations, it is a simple law of physics:
Let's talk about how to use them successfully.
~NO indicator can be used in isolation.
~Can not be used for finding entry on their own.
~Must be used as part of a basic sound strategy
Always Do This!:
All profitable traders: swingers, day traders and scalpers review lagging indicators, on the highest of their THREE timeframes.
ALWAYS, ALWAYS review your highest timeframe to get the BIG picture; regardless of what type of trader you are!
Once you rise above the noise of the lower aggregations, it is a simple law of physics:
Stack the deck in your favor. The 1st step of any profitable strategy starts with reviewing your long-term timeframe to determine trend or possible reversals. Then review news events to see what is on the horizon that might affect that direction.An object in motion stays in motion in that direction unless acted upon by an unbalanced force.
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