Signs to look for a signal
Posted by Cire2222 on May 22, 2008
I think we all know that with most technical indicators you can’t take every single signal, you can’t take every MACD cross, you can’t take every RSI oversold signal and so on. You would lose your money really fast. So what needs to be done when using basic technical indicators is looks for signals, or warning signs of a potential move. Thats when you step in and take your signal. Below is an example of a trade you could have taken today in the s&p futures market. you can see steps 1 & 2 give me a heads up that I should look for a sell signal. Thats when you take the indicators signal, that way your not jumping in blind with full trust in an indicator.

