Mar 27, 2012
Don't Trade on the Indicator Alone
Many traders will rely solely on an indicator, Stochastics, MACD, RSI, CCI, etc., to determine their entry point for a trade. If the indicator signals a buy, they buy. If the indicator signals a sell, they sell. This article will offer a higher probability strategy for using your indicator of choice: only take entry signals when they are in the direction of the trend.