You're faced with conflicting technical indicators for trading. How do you decide on the best strategy?

I will be honest with my answer, even if you master all the technical indicators along with experience, no one can know which direction will market go in the next session. As no one knows the answer to the above context, it simply means that there is nothing such as best strategy in the market. All is based on your gut feeling your experience and the application of the knowledge you gather in the market. My best advice will be dont focus on all indicators, as there will be no end to it. Instead pick 4-5 indicators and learn those along with application in different scenarios, there also will be 1-2 indicators that will not be in your favor which you can ignore and focus on what happens to play on your side of the plate.

Start by assessing the overall market conditions to understand whether it's trending up, down, or moving sideways. This context provides a foundational understanding that helps in interpreting the significance of technical signals across different time frames. By doing so, you gain insights into the prevailing sentiment and potential direction of the market.

Start with the bigger picture. What is the overall market sentiment ? What events are coming ? What is the market expecting from those events ? If no event is scheduled, maybe the market is taking a breather. It might be best to sit it out. Sometimes a better strategy could be to sell OTM calls and just wait for the market to find its direction before taking another trade.

When faced with conflicting technical indicators for trading, decide on the best strategy by weighing the indicators’ reliability, analyzing broader market trends, and considering risk management principles to select the most coherent and actionable approach.

Establish a hierarchy of indicators based on their reliability and relevance to your trading strategy. Primary indicators like moving averages or trend lines often serve as key reference points. They provide clarity on the market trend and potential reversal points. Secondary indicators such as Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) can then be used to validate signals and confirm trading decisions.

Avoid relying solely on one type of indicator. Diversify your analysis by integrating multiple technical tools and methods. For instance, Fibonacci retracement levels can provide insights into potential support and resistance zones, while Bollinger Bands help gauge market volatility. This holistic approach reduces the risk of misinterpreting signals and enhances your overall trading strategy.

Implement robust risk management strategies to protect your capital and optimize returns. Set clear stop-loss and take-profit levels based on your risk tolerance and market volatility. Adjust position sizes accordingly to manage exposure to potential losses. Remain adaptable and ready to adjust your strategy in response to new information or changing market conditions.

In my experience, managing your capital first gives you a clear plan on how to use your money. After that, you can focus on protecting it with risk management strategies. Understanding Capital Management: Think of capital as the money you have to play a game. Before you start playing, decide how you'll use this money. Dividing Your Capital: Imagine you have ₹10,000 to play with. Intraday Trading (40%): ₹4,000 for quick daily trades. Swing Trading (30%): ₹3,000 for trades over days or weeks. Futures & Options (30%): ₹3,000 for more complex trades. Why This Is Important: By splitting your money, you see clearly where it goes. This helps you manage trades better and avoid putting all your money in one place. Risk Management Comes Next: