Hi everyone Some of you that have been around a while may recall a thread by the same name a while ago. Well now its back! Great to be back where Pivotfarm organically first started. After giving it a lot of thought I have decided to become an ET sponsor, have to admit I was hesitant at first, as I have seen in the past sponsors getting absolutely gunned down, sometimes for good reason and other times just because a troll felt like being a jerk. I hope I can bring to the table some ideas, approaches and techniques that are common sense and offer value to all the traders that frequent this message board. So letâs get goingâ¦Indicators are Liars! This statement in the past has evoked emotion driven responses from traders who sit on both sides of the fence. As a whole most traders believe that using indicators offers an edge in trading. To be frank I donât disagree, what really gets on my nerves are misled traders that RELY on indicators as a CORE reason for a trade. You know what I mean, taking a short because the Stochastics is crossing to the short side, without any regard for price action or where the market is. Traders simply overuse, misuse, abuse and get confused by Indicators; they are not the Holy Grail! Get back to basics! Build your core in the fundamental elements of being a trader. What does this mean? I believe that a good trader feels it is his duty to be prepared for the trading day, to do his homework, to have a plan and importantly identify the key areas where he wants to do business ahead of time. This preparation combined with support and resistance technical analysis should I believe be the CORE of your method. Where do indicators fit into this? So you have identified key areas where you want to do business, you then use indicators to confirm a trade, looking for divergence, extremes, crossovers or whatever it is. This sounds very simple I know, but not focusing on key âbusiness areasâ is what leads most traders to the demons of that itchy over trading finger, a lack of focus and the inevitable psychological minefield. In this thread I hope to run through analysis methodologies, share with traders how an approach based upon Technical Confluence (combining multiple S/R methods (volume profile, Elliott, wave, Market Profile etc) and through statistical analysis with back/forward testing can help traders adapt and evolve with changing market and inter-market variants no matter what system they are using right now. So how do you prepare for your trading day? What are your rituals? What prep work do you do?