Common Mistakes Traders Make With The NinjaTrader Support Resistance Indicator
The NinjaTrader support resistance indicator allows you to spot zones where a market’s price is likely to pause or reverse. These areas form the basis of your entries and exits. However, traders do not pay attention to how they can be used productively. Today, let us understand some of the most basic mistakes made by traders with this indicator: Excessive Reliance on Automatic LevelsMany traders greatly trust plotted levels marked by the indicator, but markets change rapidly. Automatic lines are indicative of the past. They do not help you to predict the next move with absolute certainty. When traders blindly trust every mark, fresh patterns formed on the chart are missed. Here are some additional points on how automatic levels can be treated appropriately:
