94966Ok guys, I must be truthful. Replace it are in the best and of minimal usage, simply and I want to retract my opinion regarding indiors being totally futile guidelines.

Lets take what craig said about ATR. Volatility, which can be a direct measure of liquidity is measured by this indior. It lets us understand what is reasonable to expect from a currency pair, in relation to it's behavior. This enables one to handle his risk better. Great, it doesn't pinpoint any particular price, nor does it give you some certainty, it's only a general range.

MACD- The difference between two moving averages, and also a logical way to measure momentum. Again, all it can tell you is that the markets momentum is changing. When it's slowing it down could be getting ready for a reversal or a consolidation, or a renewed burst in its first direction.

Now... All these things you'll be able to see with the same accuracy using just your eyes!!!!!

The challenge is people try to utilize indiors to generate precise signs in an environment that is anything but accurate. This is the same reason why economic models won't ever be 100% accurate.... It's not science.

Where I think indiors have some usage is in giving you a numerical signal, which may be used to keep YOU consistent. They enable us to better track ourselves and are helpful for self analysis. (provided you always use them in exactly the same way). I doubt much better for you to have eyes, although they can be rough guides I suppose.