12 technical analysis forex tools to avoid always

07:26 ADX Indicator (volume meter too slow, DI lags heavy) 08:26 Trend Lines (nobody draws them right, too many options, discover trends when it's over) 10:04 Stochastics (based on overbought/oversold) 11:12 Price Levels (way too many options 12:45 CCI Indicators (1980, too jerky, bat at reversals and trends) 13:58 support / resitance levels ( too many possibities) 15:15 Japanese Candle Sticks (18th Century, too many traders can see them) 16:16 Chart Pattern (much better for stock trading) 17:25 Bollinger Band (early 80's, based on overbought/oversold) 18:20 Fibonacci (way too many possibities, fundamentally flawed) 19:25 RSI (1978, created for stocks) 20:02 Moving Average Crossover (too late to the party)

https://www.youtube.com/watch?time_continue=1&v=3c6o4O8goAo

Published: Dec. 24, 2022

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