Is pure price action still king for intraday, or are we sleeping on indicators?
Seeing $ASML at 1844.08, bouncing around its daily range. My usual move would be to watch tape and levels for quick scalp entries. But I've been experimenting with some basic MAs on these faster moves, just for confirmation. It's tough to shake the habit of pure price action, but sometimes it feels like I'm missing context.
Anyone else feeling the tension between old habits and new data? Especially on something like $EMXC, which is holding 97.29 relatively steady, but had a decent wick. Would love to hear if others are finding more edge with indicators on these volatile days, or if I'm just overthinking it.
I'm definitely feeling that tension. I've always leaned on pure price action too, but some of these newer moves make me wonder if I should be incorporating a few basic indicators just to help me read the room better. What kind of MAs are you trying out, and are they actually helping with confirmation or just adding more noise?