Quote from TraderZones:
Good for you on recognizing both. Indicators are fool's gold, and 1 minute chart trading have a heavy burden of commissions, slippage, taxes, and drain on the trader's psyche. Trading longer is the way to go.
Just because you have not figured out how to be profitable using indicators does not mean they are "fools gold." I use this fools gold to make real gold daily.
Technical analysis exists for a reason, no different than instruments on an aircraft; you may know what the vertical speed indicator does, but it does not mean you can set a plane down safely in a storm. TA is the same thing.

