A Trader Journal

I think best indicator for a trader is the one he/she stays with it for next few years. I think staying with an indicator long enough to start seeing market through it is more important then indicator itself.

I believe Indicators should be for assistance and not for guidance. It can be of assistance only when one have reasonable idea of how indicator responds to price movement.

One good exercise for learning a favorite indicator is to look at price chart and draw indicator plot by hand. Then compare it with computer generated indicator plot. Observe the differences. What matters is not the absolute values but more of noticing how the hand drawn graph and indicator generated plot differ.

Learning will be unique to us and will be much better than 90% of information (mostly useless) available on the net for that indicator. Once one can consistently draw close enough to computer generated plot, I think the real and much longer journey of how to use it for profitable outcomes begins.

The above is just my opinion. I don’t believe there is one right way. Feel free to share what worked for you to improve understanding of your favorite indicator.

It’s what you learn after you know it all that counts.  – Truman