In continuation of previous article, I will now go further in my self-analysis to understand what is the reason of the difference in what I should be doing, and what I am sometimes actually doing. This article has to be read as I would be writing to my self, so the "you" in this case is me myself.
As I already explained, when I started trading there was a completely naked chart with the possibility to draw some stuff like for example fibo retracements and drawings. What I need is to understand if and where I have more probabilities for a rise, or for a down move, based on recent price data.
At a certain point in history, someone decided that indicators are useful when deciding an entry. I remember that I was pretty sure people where wrong about this indeed, indicators were useful if used with certain algorithms in order to have a quicker and simpler way to read market moves. Who of you ever coded any automated strategy knows perfectly what I mean. I will explain it better with an example: I want to trade an instru…