Let's talk about indicators

There's a debate out there about using indicators, but what I have observed is this.

Unless you know what is the bias for that week, day.

Using indicators will not serve you well, and it'll just be a distraction giving you conflicting signals. 

I use only one indicator on my charts, and it is used only for one reason...

CONFIRMATION for my entries.

And that is the BOLLINGER BANDS...

Not that I depend on them, but I use the to View how my bias aligns with the signals it gives.

Here is a takeaway 

The first thing you need to know as a trader is where, what might be the direction for that weekly candlestick? 

That's the secret for success in trading... (atleast for me)

Learn to read Price Action on an Empty Chart.

It requires HARD WORK and DILIGENCE, nothing else.

#bitcoin #trading #tradingStrategy