The Best Indicator
I have been in the markets for over two years now and I have studied more forex strategies than the letters in this opening compound sentence. And I can safely say that I have finally come across the best indicator that the markets have to offer.
It is important for every trader to note that every indicator that is out there works well with the context. This is why whenever an indicator is distributed across a sample size of traders the results are so different that it is difficult to tell whether the indicator works or not. However, if the traders are taught a little bit about the indicator, then the results become better and better. What even proves this theorem is the fact that the people who do program the indicator itself are almost always profitable when using it. This is because they know the underlying conditions that must be satisfied first for the indicator to work well. Just like in art, context is everything when using an indicator.
What Is It Then?
The best indicator in the charts was always and will always be the price of the underlying asset. It is the way that every trader can read a clean price chart that tells you how much skill they got. Trading is a craft, and every craft requires people who participate in it to be skillful. Now one does not attain skill overnight. Rather it is a process that takes time and traders should be patient till they can read a naked chart. Only then can a trader be considered to be a great one.
What about Other Indicators Then?
This does not mean that all the other indicators such as MA, MACD, and oscillators are useless. They do work but they do have their own limitations. Price is the undisputed indicator and whoever can master reading it masters trading as a profession. Nothing can stop him from milking the markets.