SP:SPX   S&P 500 Index
Once in a while - I get a useless comment from someone intended for nothing more than waking up their inner asshole. Today's useless comment was along the lines of "for once in your life, why don't look for oscillators." I know there are a ton of people who love to trade indicators. I'm not one of them. Here is why. Oscillators do not always give good signals and they do not always give early signals and they sometimes show divergence, but only on one. Divergences and be positive or negative, or could simply be pulling back to allow more room to the upside. If you spend a good deal of time trying to understand what they are saying and have mastered that, that's great. For me, I'd rather chart and trade price patterns. And if someone took the time, they'd would likely find that my long entries were quite good. The MA crosses and MACD crosses for entries were late. TWO signals for short worked, but those were both near my upside targets and I prefer not to take a short until I see a pattern with a target. That's just me.

Kindly, if you don't have anything useful or interesting to say, don't address your comments to me.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.