BAT/USD. Convincing myself of indicator relevance.I am really not a big fan of trading with indicators. I much prefer to draw on the charts and ride the rides rather than look through the indicator lens. I am trying to slowly work my way into accepting indicators as useful tools. What I have done is draw over the chart how I normally would and then apply the indicators afterwards to see how they could have been useful.
I'm at the point where I am kind of convinced that the RSI is useful, and I really want to believe that the Stochastic is useful as well. This is what drove me to do what I did here in the particular way that I did it.
The crazy thing is I feel like I already did this. I don't know why I'm not convinced of their usefulness yet, but when I'm live trading I will absolutely not use indicators as a way of entering a trade. I know they can be very useful tools for some people, but I feel like lines and boxes give me that ideal mixture of experience mixed with gut that allows me to take trades. I will continue to work on it. I feel like the end product (me) will be better off in the long run.
