It all depends on what you've empirically observed in working with each particular oscillator. My main trading method is based on patterns occurring at the oscillator extremes rather then patterns occurring at the zero line.
The following user says Thank You to monpere for this post:
The confirmation IS what price does and cannot be known prior to making a decision. More often than not when someone says they're looking for confirmation what they're really looking for is something that's going to tell them that they will be right; more of a prediction which is a desolate road to travel down. Especially when we're in denial that we're looking for a prediction.
One makes their decision and if price confirms by going in the desired direction, there's your confirmation.
I agree. Price is king and if you ignor PA and trade blindly with any indicator you will lose money. I don't know how much trading experience you have but for my trading I use multiple time frames. I'm a trend trader and try to avoid countertrend trades.
Once I've established the trend per my rules I look at my 3min and 1 min charts for confirmation of a set up and enter using a 89tick chart with a MACD and PA. This is nothing new, many traders use multliple time frames in their trading.
Good luck in your trading.
The following user says Thank You to Loren for this post: