Use at least two indicators
One technical indicator is better than none; simply using a 200-day moving average on the Dow or S&P 500 would have avoided a dangerous situation in every past bear market downturn. Then apply a second indicator to have the confirmation effect that improves your chances of being right.
You will never be 100% correct 100% of the time, so confirmation is mandatory. But don't demand too much confirmation from of so many indicators that you will hardly get a signal from — analysis paralysis. Use indicators that work well together without duplicate the dominant concept.
Find out what the indicator is saying about market sentiment
Indicators measure the trend, the strength of a trend, when it is losing strength and other aspects of price movement. No indicator measures everything, so understand which aspect of market sentiment your technical indicators are focused.
Use multiple time intervals for commit
When you have the same buy/sell signal at intervals of six hours a day and a week, are you confident that the indicator is telling the truth. You will not get a confirmation of multiple time slots at all times, but try to have one of any mode. When in doubt, expand the time range for the chart weekly from the daily chart — seeing if the big picture can to help.
Trade with the trend. If the title is trending upwards, buy
When it stops trending up, sell. If you don't know the what's going on, don't negotiate. Don’t fall into the “value trap” — that a high-quality title will come back after the crash. It's possible, but you may have to live a long time to see that happen. while you are waiting, you are missing out on opportunities to build capital.
Dismiss the people who say that “measurement of the market is not exists"
These are people who couldn't make it work for themselves. Millions of people use technical analysis in a way or another today. Every broker offers the ability to technical graphics. They wouldn't do it if the operators didn't demanded.
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