Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
The most popular technical analysis methods such as RSI, MACD and moving averages can be classified into two main categories - momentum and trend. The issue with this is that most traders use one or the other without regard for the market context
Read more about Market modes with volume profile - trending or consolidating?
Why are popular indicators unreliable? The most popular technical analysis methods such as RSI, MACD and moving averages are price derivative indicators and is really just an abstract of what the price is already telling us - whether the market is moving up, down or sideways.
Read more about More accurate market forecasting using volume profile