I think the operative word here is "almost" (as opposed to "totally"). If you can find the nuances where an indicator is actually useful, then you might have a helpful nugget of information.
What I meant is they can show momentum or mean reversion. But you must know what parameters to calibrate them with without overfitting. You can do similar things with moving averages. Just know one of them well so you know what parameters to use without overfit
All good, traider! Thanks for clarifying. I was just pointing out that I actually agree with your comment -- but it's those subtle ways that indicators can be useful that most people seem to miss.
Never found ADX to have any reliable use, RSI best uses for me are for very long use on weeklies and monthlies. RSI on intraday, just do line on close and learn speed of price by angles. Buy low sell high, learn support/resistance, reduces trades, reduces risk and better shot of reward being larger than risk.
Does news trading still work? How do estimate how many pips an fx pair would move due to high impact news?