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Originally Posted by SoundFX
I use to think as you. But I've found certain indicators quite useful for confirmation. Namely MACD. Also great for divergence, to give you a heads up of "possible" trend change. Divergence in the MACD can give you information you might not catch in the charts.
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I used MACD's divergence before, and I discovered divergence can appear 2 times ,3 times same as dead cross& golden cross.
If you use 2nd or 3rd divergence of MACD, then winning chance goes up.
