Monday, March 8, 2010

Indicators

I got a phone call this morning from an old friend asking me whether or not I have a certain type of MT4 indicator.

If you've noticed, my charts are pretty much devoid of any of the indicators - I pretty much rely on only Support & Resistance, and trend lines.

I have found that they suit me best, as they're pretty simple to use.

So, of course I told my friend that I don't have what he's looking for. In fact, he was quite taken aback when I told him that I don't use any mathematical indicators at all.

That is not to say that indicators are useless - many, many traders swear by them.

Maybe I'm just too dumb to use the indicators.......

Different strokes for different folks.

Rant over.

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