LILTRDR, First if you read the many different threads at this site you will find a great amount of information as regards technical analysis...some pro...some con...and some argumentive. If I had to judge overall what everyone is doing, I would come up with this conclusion: Most of the experienced traders have weened themselves away from technical indicators...why?...mainly because they consider them a lagging indicator and not timely enough for intraday trading. However, as you read the many posts, you will find that the vast majority of them began their trading using technical indicators. Over time the use of technical indicators helps you learn when conditions MIGHT be right to jump in or out of the market...as time goes on and your experience grows you begin to learn some of the things that the technical indicators DON'T do for you....sometimes costing you money...as your experience grows even more you begin to find out which ones work better for YOU and which one do not...you start weeding them out under different market conditions...some work good in a bear market...some work good in a bull market...and in a wild and crazy market some do not work at all!!! Finally, you reach a point where you find out what works and what does not work....FOR YOU.....!!!!!! Should you use them?...I think so ...when your first starting out....learn all you can....and grow....but along the way I suggest having a critical, mistrusting eye towards TA...find out what each ones weakness is...then you will know...Paper trade them for months under varying conditions...twist em inside and out....find out if they are reliable and where their weaknesses are...knowing a particular indicators weakness allows you to work around it when needed and puts you in tune with the flow of the market....if your that new, do you have a trading plan?...How about risk management?...I suggest the following: Read all the past threads at our site...try to digest what you can...then ask questions for clarification...develope a trading plan...paper trade...paper trade...and paper trade until your are sure what you have will work and then do it some more...and of course ask questions...we are all here to help each other and improve trading freinds.