I have often seen that tachnical analysts use all available tools to arrive at trading decisions.
I'm not sure if they do this to show off or that they find actual value in doing this. What tends to happen is the trading call becomes secondary to the analysis and often leads to lossess.
My question is to all the tachnical analysts out there. How many technical tools should one use to arrive at a reasonable decision about the market?
I tend to be very simple in my approach and sometimes very minimilistic. It works for me most of the time but my problem starts when the market stops trending and moves sideways......
So I guess my question is twofold. What is the bestway to trade a sideways market and what tools will help me make good trading decisions?
Thanks!
I'm not sure if they do this to show off or that they find actual value in doing this. What tends to happen is the trading call becomes secondary to the analysis and often leads to lossess.
My question is to all the tachnical analysts out there. How many technical tools should one use to arrive at a reasonable decision about the market?
I tend to be very simple in my approach and sometimes very minimilistic. It works for me most of the time but my problem starts when the market stops trending and moves sideways......
So I guess my question is twofold. What is the bestway to trade a sideways market and what tools will help me make good trading decisions?
Thanks!