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| Physics teaches that energy sources leave telltale signatures in the form of exhaust or radiation. Similarly, chart patterns with true predictive power emit evidence that mathematics can detect and measure. When trading signals converge through these two types of analysis, odds sharply increase that a setup will produce the expected result. But first understand two common indicator quirks in order to shorten your learning curve. First, well-known market authors publish endless variations of the same few technical studies. Stick with the classics until they stop working or limit your personal trading style. Second, all technical indicators suffer from the same limitation: they only work through certain market phases and not others. Identify those specific conditions in advance of setup analysis. |
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