Don't Use Technical Trading Indicators

http://www.tripletradingprofits.com

Stuart McPhee talks about why he doesn't use technical trading indicators in his trading.

Traders and investors have always dreamed of magical formulas or holy grails enabling them to beat the market and reap huge profits. The fact is there is no holy grail technical trading indicator that is correct 100% of the time.

The absolute key is a proper overall education.

Stuart advises that "Trading is like any other profession. You need to learn the basics, then develop and hone your skills through application."

If you'd like to watch more free video clips please visit:
http://www.tripletradingprofits.com

Category:

Education

Tags:

• technical
• trading
• indicators
• holy
• grail
• stock
• options
• forex

[ancientsong]

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

[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.

[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.

[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).