Hmmm... good points Wrines...
It is amazing to me that traders are still wasting their time trying to "forecast" the next movement rather than simply going with the flow. I daresay most traders couldn't even tell you from moment to moment if the trend has really even changed or not. I say, learn to become a master of the obvious. The support and resistance type indicators mentioned seem more "predictive" simply because of two things:
1. History tends to repeat itself to some degree; and
2. Big traders are often on the sidelines for a good period of time and they are there for a reason. They have key points at which they will enter the market (and if you want to know where those areas are, simply study a market profile or volume profile chart for recent periods.)
To my way of thinking, that is more than sufficient reason to pay serious attention to those types of indicators. Again, just my opinion and nothing more.
Happy Trading
