Day Trading Lingo – Word of the Day – Indicators
Day Trading Lingo – Word of the Day – Indicators
This is what you will be using on your chart to help you see the green lights for your entries.
There is a myth that you need to have many indicators and many flashing lights.
It’s a MYTH!
I use 2 indicators
1. EMA line – exponential moving average
2. MACD’s – to show me the strength of the movement of what is happening with the price action, it’s a great spot for confirmation or for indication that it’s slowing down
You can certainly use more and different kinds.
There are 100’s of indicators.
But my FIRM RECOMMENDATION chose 2 at most 3 and stick with them.
you really REALLY don’t need more than that
otherwise you get into analysis paralysis and that kills everything!
Related Read: Day Trading Glossary
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