In fact, you don't need too much indicators if you can cope with finding s&r levels and getting in the trendEvery trader has his own likes and dislikes according to his trading style. Few traders use so many indicator for single trade while few has powerful mind to get right trade with one or two indicators only.
Maybe it is a question of comfortability? I rarely use moving averages, but use other indicators. No, it's not what you could think about. I know how they work, but I like other indicators more Though , I use MA too if I need it badlyI agree, but if there is a chance to combine them to achieve better results.. Why not to do it?
That also depends on traders mind, If they think it is right and good for trading they will do. Not every trader accept new strategy easily until they see in demo for more results.I agree, but if there is a chance to combine them to achieve better results.. Why not to do it?
I spend a lot of analytical work before the opening of transactions, because I try to share my knowledge on the forums. The basis of the analysis I use the theory of Elliott. But I never guided by only one confirmation of the forecast. I believe that the way to forecast accuracy is through the correct combination of strategies and indicators. So often I use trend theory, candlestick patterns, Stochastic, Moving Average, Fibonacci.
How do you think? If you combine, how many and what methods you combine?
I will be glad to know your opinion.