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DEby u/dewilim·2hDiscussion

On the utility of price action over indicators in this market

Watching the $CADUSD today, the move up past 0.7200 seems like a clear break, and yet I'm seeing a lot of folks in other corners of the internet still leaning heavily on lagging indicators to call for a retrace. Personally, I find myself increasingly ignoring anything beyond raw price action and volume in the current environment. Especially when you see something like the $SSE action, where it's down almost 20% today alone, bouncing between 0.15 and 0.1893, and you've got people trying to apply MACD crossovers or RSI divergences to predict what's next. It feels like a futile exercise.

My take is that in these choppier, more volatile markets, relying on tools designed for smoother trends is just setting yourself up for whiplash. The market moves too fast, consolidates too briefly, and then breaks out without much respect for those signals. Give me a clean break of a key level, or a clear rejection, over a stochastics cross any day. Am I missing something? Would love to hear some counterarguments on why indicators still hold their weight for you all.

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