Confluence

F

foreigner

Est. 12480 Hours and Counting
"Confluence - a misguided belief in the collective use of individually flawed indicators" - Foreigner

Your thoughts?
 
It doesn't matter if indicators are flawed or not. If they are indeed used then orderflow will be created around the levels indicated by them. Confluence = more indicators pointing around the same level => more orders around the level.

P.S. For how long my posts will be moderated? Tx.
 
foreigner said:
"Confluence - a misguided belief in the collective use of individually flawed indicators" - Foreigner

Your thoughts?
Click to expand...
You need to figure out which one(s) to use, why you’re using them and learn them. Will come to you when you develop your style.

Price action is all good, but some Cartooning indicators help see the picture a bit better.
 
" collective use " is the very reason they "sometimes" work. I mainly use them to identify where stops may reside. ie I'm trying to read the (future) market flow and follow the big money into feeding time. The greater the confluence the greater the stops that sit close by .
 
I think that confluence of indicator may reinforce your trading decision when you really understand what is going on and how they work.

However it is very simple to fall into the trap of going overboard and not be able to make a conclusion.

My experience...

This is why I do not utilized them. I just find 'it to much misleading when I try to make a conclusion..

Maybe when I will have more trading experience I may find a utility for them..

Seb
 
You must log in or register to reply here.
Back
Top