Rebel Traders 029 : When Is a Signal not a Signal
What makes a signal a signal and what signals you should be looking for to get in or out of a trade? That’s the critical question the Rebel Trader’s tackle in this weeks podcast as they dive in to 2018 feet first...
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A question the Rebel Traders get asked all the time is what is a “Good” signal to get in to a trade and what signals should people be looking for to get out of a trade profitably. Well, Sean and Phil jump in to 2018 with a look at what makes a signal, what is a good signal, what signals you can ignore and crack some myths over the head with a big mallet.
3 Key Takeaways From This Show
- Indicators do not give signals, they give indications and raise awareness. Combine indicators with price actions or other confirmations to create a signal.
- Rebel Traders don't need signals to get out of trades as our strategies are primarily target based.
- Many signals are undermined by hedge fund and algorithms that rely on lightning-fast trades against traditional funds and retail traders who want to trap them in their signals by taking the other side.
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