Trading Price Action - Why I Don't Like Indicators
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The most profitable forex trading strategies:
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good & crucial info for the new traders, even if they don't understand it yet. but that's why practice is important. practice WITHOUT indicators for best realization of profit targets & for earlier entry than most retail traders.
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The thing is that an indicator is not suposed to be used alone...and of course not 100% or even 90% right...otherwise the markets would be closed!!! Cheers.
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hello can you tell me what is the best strategy to use it ??
when head and shoulder or islands or flag pannets ??
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Thanks for this post. You echo much of my concern for indicators as I've been learning about them, and trying to figure out their worth(s). I've read that there was someone back in 80's promoting the use of simple moving averages as a strategy--buy when 50 day MA crosses above 150 or 200, and sell vice-versa (on a google books book--don't remember the title). If I remember right, the discussion included a study that determined this strategy worked only a little better than half of the time.
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@pierneus I have some live 1 min trades posted. That is all that I trade now, but it is the set-up along with the time of the day that makes for a good trade. Thanks for the response. My latest video "Winning 1 min 5 min trade" shows a successful 1/5min trade. I think I have gotten too impatient to trade anything else...lol. Thanks (^_^)!
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may be he broke for the fourth time.eheheheh (^_^)
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I agree, but after You learn the rhythm of the market, price action, and support/resistance You can add an indicator and gain quite an advantage. I went broke in forex almost three times before I got it. Now I trade the 1 min with MA's and I have gained quite a trading advantage. Thanks for the warning to newer traders. I needed You when I first started out (^_^)
TRADERSFRIEND 1 year ago 4
all of indicators are stupid liers. dont use them it was created by brokers to make people loosing money.
laton2010 1 year ago 3