No indicator in the world is predictive—zero. Believe me. The sooner you learn this, the sooner you can start being successful in the markets.
I'm posting about this because I constantly receive private messages from people who are VERY interested in the indicators I use along with the #MSSD framework.
All the existing indicators are reactive! Period.
So, no one can be successful because of an indicator. You need MUCH more than that. That being said, the point is how fast, accurate, and helpful that reactive feedback is.
If you put risk management and psychology apart from the equation, and you should not, because they are THE MOST critical factors in trading, any indicator must be part of a FRAMEWORK, a way of reading and interpreting the market at any moment, and clearly rule-based strategies to act, or not act, when any indicator shows “a signal”. Without that, every shiny indicator is useless and more often than not will lead you to failure.
By the way… by far… the most effective indicator is… volume.🤑
Most of you don’t want to be traders.
You want to feel like traders.
You want the charts, the dopamine.
But you won’t journal.
You won’t backtest.
You won’t sit through drawdown without self-destruction.
You want the outcome, not the process.
That’s why the market keeps humbling you.
You haven’t earned a damn thing.
You will never become a profitable trader by only watching other people trade.
Same reason why watching pro athletes won’t make you a pro.
You need to get your hands dirty.
Get the reps in.
Review and refine.
No shortcuts.
“You don't become confident by shouting affirmations in the mirror, but by having a stack of undeniable proof that you are who you say you are.
Outwork your self-doubt.” — @AlexHormozi
Learning how price moves and where opportunities lie is one thing.
Training your mind to stay calm and execute fearlessly in every situation is another entirely.
You need both skills to make it in this business.