New traders often ask how many indicators do you suggest using at one time? You don't need to fall victim to analysis paralysis. You should master only these two oscillators the Stochastics and the MACD (Moving Average Convergence Divergence).
Why I say these two indicators are the best for you. Let me explain. Trending conditions in the market exist not more than 30-40% of the time. Rest of the time, the market is range bound or what you call consolidating. After a nice trending move, the market will move in a consolidation phase.
Why I say these two indicators are the best for you. Let me explain. Trending conditions in the market exist not more than 30-40% of the time. Rest of the time, the market is range bound or what you call consolidating. After a nice trending move, the market will move in a consolidation phase.
