Successful trader just does not rely on only one indicator or tools. He/she uses multiples tools to confirm the conclusion of the analysis.
See the following market forecast, where I had predicted a change in the trend for Goldman Sachs (GS)
Actual swing low of GS Stock correction, was $165.30, that is again over $20.00 drop. and 14% price drop. That alone could have doubled one’s trading account in less than month!!!!!
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
I am reading this blog from the beginning.
Very nice comprehensive approach that focuses on turning points and directionality.