Trendlines, strong support/resistance zones and fibs on long term charts are extremely powerful. Moving averages calculculted from the daily and weekly cash charts also provide highly tradeable KLs on the M1 and M3 charts.
Traditional indicators such as the RSI and MACD using extreme readings and divergences are pretty much useless for the kind of trading I do – and may in fact, be useless for all kinds of trading.
