Post
Topic
Board Trading Discussion
Re: indicators
by
teosanru
on 21/05/2022, 09:42:34 UTC
im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.
This is just the half-truth, Indicators aren't used in this way, the correct way to use indicators is for confluence. You find out important patterns or important levels market is approaching, which could be breakouts or reversals or continuations, then you go to an indicator to get an confirmation whether this pattern is valid and will give some good return or not, then you move to your second indicator whether that is influencing the whole trade positively, only when you have got concrete confirmation on all these parameters, then you can go ahead and take a trade, don't try finding out a trade merely based on one indicator.