Don't Use Technical Trading Indicators

[mrhazel]

not using vs using an indicator has no real advantage. And a trading course trading someone elses' method won't help you eiher. if you're going to use an indicator, you should look up who made it and what were they trying to accomplish mathmatically and visually. only then will you figure out if you neeed the indicator for your own self. don't l buy into courses and I stay away from forums. if you're a great trader, why hang out in a forum with people who can't trade?

[marts3211]

Good job. Price action is all you need.

[nancyforex]

good job, my friend told me about free online webinar by UrbanForex, she could make a plenty of bucks.

[rudolfhansen]

charting software is additional information - parabolic sar // adx // cross of death

indication ( 50 versus 200days average movement) whenever the index belongs to the stock collaps is risk management against losses - if stockmarket collaps

no fundamental investment could stop it only Put options -

the loss could be minimized by put warrant (not put options)

beware of the third friday each month the option solution day this may improve irrational movement of stocks / index

[layyah0905]

It depends-there are filter type indicators and set-ups-most filter type indicators should be reduced to a minimum (e rsi,stchastics,etc).However the more set ups one used the better as long as the set-ups are based on something other than price.Thus volatility,volume,component stocks,intermarket analysis,price action in sequence are all different "technical indicators"that have proven to work as entry set-ups as well as fundamentals,seasonality.Price action alone is insufficient

[DarklingX]

If anyway wants to trade without an indicator I'd recommend at least using renko bars or something that smoothes the price action and makes it easier to tell where price is going. I kind of have to agree with this video sometimes less is more.

[eknick]

i think its a very good video, he caution the investor about the indicators and not saying its useless its just over relied on. 90% of the day traders are pure technical, technical trading is lazy

[Cosmo4673]

I have to agree with this. All indicators are based on slope rate adverage of existing data and all only make sence in hind sight. Do an experiment and put your hand over a price graph and try to guess or remember whats going to happen and youll see that all those indicators just don't lock in knowlege of the future, They ONLY reflect the past as the data come from the past. But I agree if an indicator works for you by all means use it.

[etrade360]

Most traders more than 3 years never use indicators. Think about this, thousand years ago people trading market didn't have indicator like MA, RSI, MACD... but why they win ? Just based on current price different previous price, and fundemantal of object we wanna trade to predict future where the price will go. It's a simple method but usefull.

[davesaund]

i would suggest all new traders remove all indicators from their charts, learn about price action and consider themselves in the position of a trader in a losing trade, their emotional state whilst following the price. you will learn more and faster if you understand WHY prices move the way they do.

[AquariusWithin]

just my opinion: W%R is great on 1-hour chart if you have patience after it gives you the signal (either 0% or -100%). it works for me very well as a signal for the stop-hunt to begin. soon after the signal (several hours to a few days), you will see a top or bottom in the market. try it. use a practice account if you're a novice in forex.

[AquariusWithin]

@AquariusWithin i'm replying to my own original post from this video. i've been trading for more than 1 year now and i DO NOT USE ANY INDICATOR ANYMORE. i've found that my most profitable trades occurred from naked trading. it also makes me think more clearly about exactly WHAT THE PRICE IS CURRENTLY DOING and allows me to track the price more accurately. sometimes you need to watch a great video many times to wake up & evolve as a trader (forex).

[PimpMyFahrrad]

Yes, people tend to say that trading is HARD. The truth is, a person who is good at something will never say that it is hard.

I like to believe that you should keep your trading simple, find a more or less working strategy with entry and exit points that work for you, combine it with proper money and risk management, test it over a long period of time.

Sure you can put dozens of indicators on screen, then people will look at you and say - wow it's so hard, you must be good!!

[redbeardo0o]

blah blah blah. so little to say they need 2 people to say it.

[ancientsong]

Price action and support an resistance are the only "indicators" you need to make money.

[ThirdRomeAquilo]

this is the dumbest crap i've ever watched. So his whole scam is to tell you NOT to use what he and his group will use behind closed doors.

stfu prick

[slappyd1ck]

What he said is true.The only thing you can watch is volume. It's like working in a store and you can only see the speed of sale of certain items. Average volume compare to current volume... Hmm, I seemed to hit on a strategy. Gotta go and think over this.

Bye! And thanks for the video, I knew something didn't make sense. Everything is crystal clear now!

[terryzz24]

if you cannot use the indicators, you should then say that you cannot use the indicators. you shouldn't say that the indicator is useless. clear!?

[daviddalbylive]

Technical Indicators do not work when daytrading because they are TOO SLOW ... they are LAGGING indicators ... stock markets move FAST and you have to make split second decisions based on pre market homework just like a floor trader.

[VanLou23]

The best way to make money in this economy is to take advantage of the once in a lifetime opportunity trading Oil, you can make $200 to $5,000 a day trading Oil if you know the secret behind it. Are you ready to join the financial revolution? If so, just google "Oil Trading Academy" and change your life forever.

[maxdecimus88]

A previous comment states: "I hope he has a good time following a trend without indicators"

From my standpoint, i am pleased that there is a fresh supply of newby traders blowing up their accounts using lagging technical indicators. This means there will continue to be winning traders.

Ask yourself why brokers load up their platforms with hundreds of TA indicators... To help you blow up your account - simple as that !

MACD ?? you'd be better off investing in a McDonalds franchise :)

[nishalratanji1]

indicators have become integral in order to predict trend. You cannot simply rule them out like you suggest in this video.

[Lamas7]

if i think about it.....yes, he´s right! i just analysed my personal situation....i´m going well with macd, sma´s, bollinger, rsi...but my trades were better without all this indicators.....really....only with sma´s i was doing better trades! i never thout about it, but that´s the reason....so simple! KISS- Keep It Simple Stupid!

[marketermatt]

what a load of crap! How does this help anyone understand trading?

[freeSCALPINGindicato]

why not? I have free SCALPING indicator and it works like a clock!

[laton2010]

@freeSCALPINGindicato your free scalping indicator is a tremendous bulshit

[sfsTrader]

some things you cant tell by eye-balling a chart. he couldnt figure out how to use technical indicators, so i guess he watches fundamental indicators? or he doesnt actually trade at all and just makes money by talking about trading? lol.....

[xshanghu]

Thanks for the sub.

[ugnassar]

What a waste

[USAisAntiWhite]

This guy is stating that he doesn't use it and states that if you use them and they are helpful to you, use them. All you people stating that he doesn't know what he are talking about should have your mother watch it and then she can explain it to you. Don't forget to get your tissues out because you'll need them; you'll will have a broken heart. Go back to your seminars looking for other people how you should trade.

[ushiwakamaru30]

Technical analysis should NOT be ignored because of the self-fulfilling prophecy principle: once certain significant developments in a stock/commodity/index's technicals occur, other major players in the market are likely to react to that event which will likely take the underlying interest in a certain direction. So completely discrediting technical analysis is, IMO, ill-advised. Don't put too much faith in it if you're not day trading, but don't completely ignore it either.

[S3rega]

I haven't earned in the market for the present any one million

Your right to accept my opinion or not, but I want to tell to you that more than for 2 years in the market I have ceased to use any indicators because all of them are useless, an exception perhaps Ishimoku and some MAs. Guys accept council - learn Price Action, indicators are evil, I have in vain lost on their studying 1.5 years.

[JDSPECTRA531]

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You are a small step away from Making a Killing in the Stock Market subscribing to their newsletter.

[b219084]

I’ve been Trading for 23 years now and found the best way to trade is the (point & Figure) way I make a excellent income from using this method. Bar and Candlestick charts suffer frequent "fakeouts" (signal failures, instead of real breakouts and warning of true traps) in addition to whipsaws, Point & Figure has been around since the early 1800 when traders use to draw the charts by hand some still do... 

[kossykelly1]

Okay, I agree with this people, truthfully, indicators are a waste of my time... If indicators did not exist, i would have been a better trader, because then i don't have to feel like I have some kind of support, i will know am on my own... To me, 3 ways to be a successful trader,

1) Have enough free margin (most important)

2) Trade skillfully

3) Listen to the News for important impact

[pierneus]

Guys you're so fucked up...I bet you all haven't made a dime trading! Indicators, just as you know, have been invented by ruthless people to deceive traders. Professional traders, I mean the ones that make money DO NOT use indicators, they just follow the price.

[mrhazel]

the real problem is that people want to focus on time frames...don't use those. that's a mistake. ask 5 traders what they trade what time frame. they'll all tell you something different. also, people need to know how to filter out noise...

[mlawren7]

To all negative commenter's below: you are nuts! Why do think this is a scam? Nearly all successful traders use price level strategy as the first and foremost method of planning trades. Use all the indicators you want as a guide, but if the support/resistance levels don't concur you will lose money! It's that simple. It's a FREE video for God's sake... you don't have to do what he says, just listen.

[subarusti62]

Indicators may work in the short run, but in a period any longer than 3 months they are a huge gamble. Believe it or not, looking at financials and economic trends (the hard stuff) is the best way to evaluate a company.

[laton2010]

yeah, dont use fucken indicators you will be a big looser .hehehehehe

[lall444]

that why i just dont use them

[Paulwhiteshark]

I agree with djenyns. It is possible to make money without indicators. I do tha. i make tons of money just trading price action. Guys, all the indicators lagg, i dont trust them.

[SilverShamrock71]

agree, get to know price action in your given market that'll tell you more than any indicator.

[elimar008]

how can we get hold of this MACD indicators??

[ImC00LyourNOT]

whoever criticizes this video does not understand true price action.. trading is buyers (demand) and sellers (supply). when there is 100 buyers and 50 sellers what happens after the 50 sell orders are filled and there is still 50 buyers left? price must move higher.. demand exceeds supply.. Indicators and everything else clouds amature traders minds from this simple truth. It doesnt matter if something is overbought or oversold, if demand/supply are imbalanced price will do what it wants.

[pureperil]

I agree that over calculation is a problem. When dealing with the "human element" the over use of math is often counterproductive. Of course technical analysis isn't real, its a self fulfilling prophecy. But If you combine indicators (including resistance/support), candle patterns (like doji stars), the overall direction of the market (including sector direction), and news stories; I fail to see how you can dismiss technical analysis.

[engingencer]

just fuck off !!!

[Rythmboy]

this guys don't want you to use indicators but want you to buy their $315 dvds.

[WinsomeWit]

I use technical indicators every day to take a boat-load of money from rookies using them, so please stop tell people they don't work.

[laton2010]

@WinsomeWit dont lie you dont use them i know very well this 

[madzane94]

a good trader only needs... trend lines.. fib and knowledge!

[laton2010]

@madzane94 fibos dont work as well a lot of gaps.hehehe

[joshuademoraes]

if someone wants to win on long term, MME9...go where it's going...

[Myztikalx46]

This guy is just upset with TA because he doesn't know how to use it himself...

[laton2010]

yeah, i agree with 407, all of this shit scammers, forex, coommodities , stocks , bulshit it is a completly cassinos

[purplepatchforex]

Thanks for the warning, I didn't, but I could tell by a quick glimpse that it was quite an achievement to say nothing in 7:14

[onlynumbersas]

probably, haha im very open minded =)

[TolekBonanno]

I just waisted 7minutes and 14 seconds of my life, goddammit.

[zaqwert777]

Unlike big intrusive left-wing government, the great thing about Wall Street is that IF YOU DON'T LIKE IT YOU CAN OPT OUT. There's no armed agents out there waiting to bust down your door and cart you off to prison if you don't participate.

[HOW2GetFREEforexROBO]

How does this work on intraday?

[uziTGC]

you're an idiot.

[djenyns]

Do you have anything constructive to add?

[tupchurch]

@djenyns The problem here is the title of the video. The title is 'Dont Use Technical Indicators' but he never says you shouldn't use indicators and admits he uses MAs.  His point is that you should limit your reliance on indicators. Poorly titled, but I can tell you that many good traders use indicators. OK, I over use them, but I am always testing new ones so it's quite experimental for me. Sounds like he may be targeting a strategy that doesnt require them as much as others.

[tupchurch]

@djenyns The problem here is the title of the video. The title is 'Dont Use Technical Indicators' but he never says you shouldn't use indicators and admits he uses MAs. His point is that you should limit your reliance on indicators. Poorly titled, but I can tell you that many good traders use indicators. OK, I over use them, but I am always testing new ones so it's quite experimental for me. Sounds like he may be targeting a strategy that doesnt require them as much as others.

[tupchurch]

The problem here is the title of the video. The title is 'Dont Use Technical Indicators' but he never says you shouldn't use indicators and admits he uses MAs. His point is that you should limit your reliance on indicators. Poorly titled, but I can tell you that many good traders use indicators. OK, I over use them, but I am always testing new ones so it's quite experimental for me. Sounds like he may be targeting a strategy that doesnt require them as much as others.

[blindfingers1]

I don't much about technical analysis but I do know he talked for 7 minutes but could have said it all in less than 2 minutes. Useless.

[4xleader1]

Indicators are for the picture perfect Market.

In reality, they mean nothing

The market can move up or down as fast and as long as it wants. Your indicator cant calculate that! Understanding Price Action is Important,

Waiting for your Moving averages to cross are not.

This video is just lacking persuasion__-_/. As if the instructor didn't want to offend older stock market traders who had been using indicators religiously for decades.

[djfinex]

I think that he is using hyperbole to emphasize his point that blindly following indicators is a bit of a safety blanket and can lead to steep losses. I have found this to be true myself. I do use indicators, but they are secondary or tertiary means of analysis. They can provide confirmation, but often once an indicator has 'clicked', the move is already under way or over. Manual visual analysis of the charts are the key as well as fundamental understanding of the news; and price is king.

[eddyvideostar]

(Part three) The purpose of these indicators is that an abundance of traders may be seeing the same thing; hence, doing the like in unison. If so, we ride the train together. But remember, the only thing that can save us from ourselves are: an exit strategy and YOU, YOU YOU AND YOU!

Bid you well.

[eddyvideostar]

(Part two) Would I need the ADX to tell me that a trend HAD BEEN established? Would I not know this by the price? I love the MACD for the ONE min chart, but less so for the 5 and above, they are too draggy or lagging. The stochastic in general is better for the 5 mins charts, but even so, it is too anticipatory (leading) without any confirmative substance. It can be very unreliable and in certain markets should be discarded. It is the king of whipsaw.

[eddyvideostar]

Indicators and oscillators which are outside of the price chart, as: EMA; MACD; CCI; STOC; ADX, etc, these are oscillators. On the other hand, price, volume, trendlines, sup and resistance lines are also indicators. No indicator can give one a certainty of a continuation of a trend or movement, since PRICE is the ENGINE of all indicators. The only real indicators to a sideways or no movement are: CHANNELS or BANDS, of which are just saying there is no movement. Would I not know this? ctd part 2.

[TheBigRoll]

...of course Moving Average is an indicator...blows his whole argument....

[cavillsarre]

I'm below a newbie when it comes to trading and I can tell this guy is full of crap.

[LiptonGuy]

This video is absolute garbage.....

[prodigee411]

yes people, don't use moving averages or macd or any indicators...I hope he has a good time following a trend without indicators

[magellanphone]

@prodigee411 if you can't trade without ma or macd you are a weak trader

[adarshactivity]

billonare traders just follow the trend ,they focus on risk management not on technical indicators

read abt jesse livermore,nicolas darvas.money management and discipline is the key to make money

in the markets not tech indicators ,well said sturt mcphee

[prodigee411]

@adarshactivity who are these billionaire traders you are referring to?

[elwalvador]

You know what I think he has a point, all these indicators simply run the raw price action through some calculations that look different depending on how many periods you choose. I like my stochastic, but I can't say that it really helps me, as I only buy near support lines and/or the 50, 100, and 200 MA's.

[stevenkoong1981]

you talk so easy...why not you show me your profit chart...cibai

[yearofthehorse2049]

I believe less is more. But i dont think iam bought on his method. Candlesticks is proberly the best indicator.

[regurgitatedterror]

f@ck those haters!!! i love your videos!

[patriotsundergod]

me too

[richitko]

ok you say us how trade without indicators yea?BUT how many money we must give you for that?:D

Just another scum,so pls dont upload this videos,it simple waste of time,your and my...

[djenyns]

You can read about Stuart's methods in his book Trading In A Nutshell for $30. I can only assume you have been burnt in the past and are a little jaded as a result. Simply watch some more of our videos and you might be pleasantly surprised.

[laton2010]

@djenyns dont worry djeny, people dont want use the brain, look at me i trade price action i dont use indicators, because they are not able to predict the future. for me all of them should be banned from the charts

[richitko]

@djenyns successful businessman gives advice on how to successfully deal for $ 30? do not let them laugh, sir :-)

[laton2010]

@richitko trade pa

[pierneus]

@richitko Believe me, I agree with you that these seminars are a wasting of time, but indicators really suck, it's impossible to make money if you follow them.

[cybertrader69]

your a complete bloody idiot mate, no wonder u do pathetic workshops.

cheers,.

[djenyns]

Might be worth explaining why... it's very easy to knock someone behind the anonymity of the internet. How about supporting your comments and contribute to the youtube/trading community.

[shockadelicaustralia]

So how many millions have you made so far without using indicators? Let me guess: none?

Of course all indicators use price and/or volume, but each visualises it differently. Visual images help translate raw information into something easier to interpret. They also show divergences that warn of possible reversals *before* they happen. I think the trick is to only use a few indicators that you actually *like* as you'll be using them every day.

[djenyns]

Please re-watch the video since I think you missed Stuart's point... he says if you're using indicators, and they work for you, stick with them. Stuart message is more about keeping it simple.

In short, you both make the same points in different ways.

[mesa134]

@shockadelicaustralia i can understand why soo many people would take offense to this...cause for me indicators do work...However price action and volume are more important I HAVE MISSED out on soo many good trades cause the MACD was not doing this or the stochastic was not doing that...its just my personal preference..nothing personal..not a millionaire or anything but not a bad trader either (8% profit a month consistent)

[adarshactivity]

@shockadelicaustralia