I'm not quite getting how it is that a stoch or demarker indicator can read that a pair is overbought (or oversold, take your pick), and yet the price action continues in the same 'over' direction for another 10, 20, or even 50 pips in some cases.
So then, what's the trick to understanding these indicators?
(No newbies please. I'd like to hear back only from experienced traders.)
Happy holidays to all!
Chance
So then, what's the trick to understanding these indicators?
(No newbies please. I'd like to hear back only from experienced traders.)
Happy holidays to all!
Chance
" Average traders look to the left, great traders look to the right."