Why most traders using charts don't make money

[Fl3tch3rb0y]

@jayangli

I know what I think....williams is a so called leading indicator and you can use stochastics to back up williams and then macd and so on and you think you have it all sorted. Of course though there is no such thing as a leading indicator and as much as you think you can use these indicators to trade the truth is you cant! its as simple as that. Trade the price not the indicator. If the price is trending and the price averages are trending (sma as opposed to ema) then thats the key

[lynkift]

you say you dont use technical analysis and indicators but in 1 of your other videos on youtube you demonstrate using charting software that you buy when the price breaks a moving average line, which we know is an indicator......any comments?

[vincestanzione77]

@lynkift Hello, A Moving Average is not classed as an Indicator, items such as RSI, or Williams%R are indicators and I never use anything like that. My whole approach is keep it simple and price channels/MAs are about all I use -

The price tells you everything.If the price goes to 50, 51, 55, 60, it is going up, does not matter what the indicator or news says or what you think should be happening, the price tells you the truth and should always be obeyed.

[jayangli]

@vincestanzione77 what do you think of the larry williams indicators?