Day: May 14, 2015

 

Rethinking indicators

Many an expert trader will say something like ‘I rely mostly on price action, not indicators. Most indicators are useless and confusing.’ – which automatically brings up the question, “Which indicators are useful?”. But there are deeper issues. What is ‘price action’? Investopedia says, “Quite literally, price action is everything that a security’s price does, and just like every other facet of analysis, it is purely subjective.” Expert traders may well disagree by saying thatRead More