Quote from: Azima85 on August 02, 2018, 09:02:34 PM

This is a very interesting topic. When I started learning I tried to fit as many indicators as possible on the chart as I thought this would help. Later, found out that it harmed me more than I thought. Trying to read so many indicators leads to confusion rather than a useful conclusion. So, I started focusing more on S/R levels. I would say this made my life much easier, I still use few indicators such as RSI and MACD but just to confirm my hypothesis, and not to build one based on them. I haven't perfected yet S/R trading, but so far, I think it is the best way to go.

That's the same thing that happened to me. Firstly, when I started I had my charts filled with Fibonacci, Elliott, Ichimoku... It was impossible to read anything from them (I'm not saying that these indicators are not good - they just dont fit me very well)

This is mostly how I deal with S/R;

1. I go from higer to lower time frame - weakly to 4h mostly
2. I use it with MACD
3. EMAs; 8 and 30

- What do you think guys, is it better to wait for confirmation of the up or downtrend after it touched the S/R, like reading through candles and stuff... I still see S/R like a good indicator, but some parts are hard to understand, maybe it's just lack of experience and intuition.