How A Crazy Chart Can Make You Lose Thousands Of Dollars!"Crazy Chart" is the definition for putting so many indicators on your chart. it is one of the big reasons to have bad trades that will hit your stop loss easily. Who promotes those indicators says it helps you indicates the next move for the price, while the real truth about indicators that it follows the price only. Also It completely distracts you from seeing the perfect price action for entering and exiting any trades.
The best advice for setting up your chart :
"keep it as simple as possible" the more simple the chart the clearer vision you will have while chasing the price.
Here is some rules you need to follow to be profitable:
1- use indicators for analyzing the history of the price.
2- don't depend on indicators to show you an entry for a trade.
3- use price action and candlestick formations to enter and exit any trade.
4- work with indicators that shows you the support and resistance area of the price.
Lastly Know That ( there is no indicator that can predict the price next move ) if that indicator exists it will worth THOUSANDS of dollars and will not be available for free.
