I know most are aware that trading is not en exact science, but rather and art form. I decided to point that out as I read countless threads and posts where new trader are confused about why something did not happen despite an indicator suggesting otherwise.
Let's take the RSI for example, just because it trades above 70 or below 30 does not mean the price will reverse. Same holds true for any support/resistance levels and even down to pure price action where a price does not automatically reverse direction because of a candlestick formation.
Sometimes that happens, but other times it does not and to blindly enter trades because of any single signal makes no sense. You should take those events as a sign to further analyze the charts and yes that means you need to work and can't be lazy about it.
Trading is an art form which you may or may not be able to learn after years (that is with an 's' at the end).
Let's take the RSI for example, just because it trades above 70 or below 30 does not mean the price will reverse. Same holds true for any support/resistance levels and even down to pure price action where a price does not automatically reverse direction because of a candlestick formation.
Sometimes that happens, but other times it does not and to blindly enter trades because of any single signal makes no sense. You should take those events as a sign to further analyze the charts and yes that means you need to work and can't be lazy about it.
Trading is an art form which you may or may not be able to learn after years (that is with an 's' at the end).