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How many theories and (or) indicators do you need?
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[QUOTE="{0v0}, post: 116649, member: 39887"] My first post here. I trade on a discretionary basis based firstly on my reading of price movements and secondly using only a couple of MA's on multiple TFs to confirm my opinions before entering a position. I guess in my early years I used far too many indicators and soon realised that (too) often there is at least one signal that disagrees with the others. So i have gradually pared them away until I settled on the minimum possible. Being a short term trader, the only consideration I give to fundamentals is the timing and nature of various data releases, speeches, announcements, etc. I believe the majority reaction to these releases as manifest in the subsequent price movement is far more reliable than my own analysis could ever hope to be. Therefore I just try to interpret the price and not the clever stuff :) [/QUOTE]
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