Hi
Second post with my path on TA.
On this one I would like to briefly introduce technical indicators on the discussion, and some tips I learnt from my experience.
When looking for technical indicators you get an insane amout of solutions, especially if you work on tradingview, where on top of the built-ins you can check a lot of indicators developed or tweaked by the community.
There is so many info on that, that my advise is to keep it simple. Study two or three indicators and no more to start. Master it, and see if they work with you. On a second phase you can develop more and check other indicator, but from experience I would say at the end you will use moresell the same that you started with. One thing for sure, no indicator by itself will give you the 100% success recipe. Indicators are nothing more than tools to better understand and predict the market, so very good help if you master it. But remember that as you, there any so many traders that also check those indicators and for sure much more experienced traders that you. So, good tool, but not miraculous. Success comes mainly due to you, your market knowledge and your trading style.
My suggestion to start with is to focus on the following ones:
- RSI
- Moving averages (21 is my favourite, but we'll get there...)
- MACD
- Stochastic
With these ones you get fantastic tools to start working with the charts and testing setups.
On a future post will get back more in detail on each one of these indicators, and share how do I use them
Well, that's it for now, hope you enjoyed and follow me
Disclaimer: all the information is purely my personal interpretation on the TA concepts.
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