Quote:
Originally posted by bam
Could not agree more!
The only indicators I use are S/R levels and fib ratios( which tend to correspond with with support/resistance levels anyway).
Indicators lag the price and only react as the price changes,personally having tested and used them I can't see any advantage of using them.
But they are great as a learning tool until you get the hang of things.
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Fib ratios? Do they work? And if yes: Why? To me they seem to be snakeoil.