It goes without saying that it is really nice to use indicators during the market analysis, however, the vast majority of newbies tend to overexaggerate their role in decision making process. I mean that all the indicators have tendency to give wrong signals, which can lead to the losses and failures. So, first of all, if you made up your mind to use indicators in your trading, make sure that you don't use only one single indicator. There should be several indicators simultaneously in order to eliminate the wrong signals and increase profits. More than that, you should pay more attention to the prices themselves and the way they behave. Some traders don't notice the prices at all as their attention is concentrated on the indicators. That is a mistake as the price chart itself can tell you a lot of things and provide you with lots of insights.