View Single Post
Old 28-04-2005, 03:33   #8
rollingstone
level 3
 
rollingstone's Avatar
 
Join Date: Mar 2005
Posts: 394
Downloads: 0
Uploads: 0
Rep Power: 4rollingstone is on a distinguished road
Re: What are the best 3 indicators?

I don't personally think you can generalize, as I have read many times you have to find a style of trading that suites your personality, your timeframe, your working environment etc.

You have to be comfortable with the way you trade or you won't gain succcess.

Some people swear by trading fundamentals, others prefer price action and chart patterns, support resistance, flags, double tops etc, others swear by one or other techinical indicator.

No one method is right or wrong, finding what you like is what is important. If you fully understand how something like Demarker oscillator or disparity index or any of the other indicators work and you are comfortable with it, then that is a good indicator for you.

There really is no debate about fundamental v price patterns v technical, they are just different styles to get you to the same place.

It's like travelling from A to B and debating what is best between a plane, a car, a motorbike or a pushbike.

They all get you there eventually but with different risks involved.
rollingstone is offline   Reply With Quote