Does it matter if the indicators are above the bull/bear line? What about the wave progression or the length of the consolidation period? Does the weekly matter. I was also curious if you think price patterns are more important than indicators. Indicators are a little slow, imo. One more thing, does the market conditions and the $vix level count?
Just a few random thoughts. I've always found that the indicators are great for history. Trying to time it all real time and trade off of it is another story. The daily charts will look good in the morning and then un-confirm the entry later in the day as the stock sells off too.
Let's make one thing perfectly clear. I've made nearly 453 mistakes in my life. It's entirely possible that this post is 454.