Today I saw one the most ridiculous charts Ive ever seen.
Have you ever seen a chart with so many lines and indicators and other random shit that you can't even see the price?
I wish I thought to screenshot it, it was truly comical
The guy defended his masterpiece saying that each and every one of those indicators and lines were absolutely critical for deciding to take the trade or not.
Calling bullshit on that.
I get wanting to have a sense of the big picture.
... but anything more than a few key pieces of information will just muddy the waters.
Maybe he's capable of keeping track of all that junk all at once.
But I know that I'm definitely not.
Like most of you, if I find myself in a strategy that's too muddy, I start drifting.
Finding myself in trades that I don't need, or want to be in...
Only noticing the bad decision after I've felt the pain of losing money.
So I keep it simple.
I make it easy for myself to stick to my strategy because I know firsthand what happens when you dont
Its not pretty.
Are you tired of these tea leaf charts?
if you are not capable of analysing all the indicators in a chart doesn't mean that it is shit some people are ready to do all kind of analysing to increase their chances of making profit but it doesn't necessary to make profit even with few indicators we can make profit and it all depends on our skills and doing trading.