Tuesday, July 21, 2009

Are super indicators enough?

This is a topic that I have been preparing a post for. The conclusion though is this - NO.
Market profile by itself in inadequate. If you have an indicator just based on moving averages or candlestick - I think that is a ticking time bomb and you will blow yourself up someday. Volume or orderflow or tape read can kill your trades.

Successful traders have something in addition, thats more important than all the indicators combined. More in the next post. Dinner call.

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