Recent content by ImogenBeaumont

I'd rather stick to my plan, whatsoever.

Nice analogy there. Thanks.

Since most indicators lag behind price action, do they actually add value, or just create a false sense of certainty that many traders rely on? What's your take on this?

I don't expect them to trade instead of me! Bur sometimes, I face issues with the deposits or withdrawals, and it's good to know they are there to help you. After all, your money, your life!

It has a certain formula. But the brokers use a margin calculator for that matter.

Aside from the usual perks like bonuses and low spreads, I really appreciate how easy it is to reach support. It’s just nice knowing you’re not on your own.

Scalping might seem like a fast way to make money, but in practice, it’s exhausting and hard to pull off.

MAs can help filter noise, but price action should always have the final say, especially when the market starts shifting.

They’re best seen as a nice extra if you were already planning to fund the account.

Makes sense. Do you use any confirmation tools, like volume or candlestick patterns, or just pure price action?

So MAs are more for filtering noise than signals. But could overusing them make you ignore clear price-action reversals? Like sticking to a trend too long just because the MA looks good?

But what about times when price action gets noisy? Ever add a simple moving average just to filter the chaos or do you ride pure price all the way?

Makes sense! So if someone’s strategy is purely price action—like support/resistance or candlestick patterns—would you say they’re better off skipping indicators altogether?

I’ve heard of RSI, MACD, and stochastic, but how do you decide which one works best for a particular strategy? Is it mostly about the market conditions, or the timeframes you're trading on?

That makes sense! So, it’s better to just use one indicator for confirmation instead of a bunch? How do you figure out which one to rely on?