Jeff White

Avoiding Indicatoritis

Oct 13th, 2011 | By | Category: General Comments, Jeff White, Trading Lesson
Would-be traders all tend to focus on indicators. The sense, I suppose, is that if there's just some magic indicator to be added to the chart, then trading becomes easy. They're way off. Personally, I don't rely on indicators. I am price-and-volume based when making decisions on trades, and although I might occasionally glance at a moving average or something, I like to keep my charts clean and put my focus at the roots of all indicators: price and volume. Does that make me better? Maybe. Does it make me more decisive? Absolutely. Back when I first went full-time as a trader (remember I already had over 2 years of part-time Read more [...]