/biz/ - Business & Finance

>>16513809
That's just bullshit. The basic idea to make it simple for you, is that you're trying to determine the short, medium, and long term trends.

Take pic related for example, using literally just moving averages. Notice how the short term oscillates up and down around the medium term trend, but the price remains below the longer term trend the whole time, going down? How, despite the short term oscilattions, the overall movement is still down? And how at the end, you can't make that claim anymore because now it's above the longer term average so you have to now reassess? And this is as basic/simple as you can get. with other indicators, price action analysis, and other concepts, you have a bunch of information which cross-checks each other to provide you with the most accurate picture of what price is doing at the time.

Best thing I can recommend anyone is to check out No Nonsense Forex's website and youtube and then back/forward test the fuck out of everything. But at least this gives you guys who don't know shit an opportunity to learn what to do from someone who won't bullshit you or try to sell you something.