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Indicators are useful but

Dec 17, 2020 at 08:13
2,870 Views
64 Replies
Member Since Jul 19, 2020   751 posts
Dec 17, 2020 at 08:13
Indicators are useful but not the whole thing. Only charts are also very important. There is much more thing than indicator. It is the mind. Sometimes you just know it's going to work. With time you get an understanding of trading. That understanding is beyond everything.
Member Since Dec 17, 2020   6 posts
Dec 17, 2020 at 10:35
The indicators are fundamental.
the problem is that people want to trust all the signs.
And it is not quite that simple.
Indicators were made to analyze accurate entries, and not to make mistakes, mainly in larger timeframe, H1 H4 D1.
Cordially, SmatchBR.
Member Since Jul 23, 2020   759 posts
Dec 17, 2020 at 17:49
Indicators are useful but it is not essential. There are lot of traders who can trade with only simple price action.
Member Since Oct 30, 2020   15 posts
Dec 29, 2020 at 14:09
They are not the whole thing and if combined with a good strategy, they can be good.
Member Since Jul 19, 2020   298 posts
Jan 09, 2021 at 11:40
Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.
Member Since Jul 23, 2020   869 posts
Jan 16, 2021 at 17:38
Michihito posted:
Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.
True. Mastering one or two pairs is enough to be successful in trading.
Member Since Apr 15, 2020   219 posts
Jan 18, 2021 at 03:56
UweMoench posted:
Indicators are useful but not the whole thing. Only charts are also very important. There is much more thing than indicator. It is the mind. Sometimes you just know it's going to work. With time you get an understanding of trading. That understanding is beyond everything.
Indicators are useful to only those who know to use them, you need to identify the correct combination of various indicators, using all of them together makes no difference at all but only causes confusion.
The more your practice, the more you learn.
Member Since Oct 21, 2019   25 posts
Jan 18, 2021 at 16:04
If you don't like it or aren't interested, then choose something else. There's no room for criticism, but it's definitely worth pursuing.
Member Since Jul 28, 2020   11 posts
Jan 18, 2021 at 16:18
An indicator is a tool for analysis.
There are a huge number of different indicators - some of them may be useful to you, others may not. You test it and choose the ones you need. Everything is simple and not simple at the same time.
Member Since Jan 17, 2021   31 posts
Jan 18, 2021 at 17:04
Indicators are total bs...if there were an indicator that works, would it be shared among community.
Member Since May 14, 2019   28 posts
Jan 22, 2021 at 09:39
But almost all strategies are based on indicators and working with levels.
That's because it is effective.
And it can really bring money and stability.
Member Since Oct 20, 2018   300 posts
Jan 26, 2021 at 21:03
Indicators are fine and needed but overdosing with them is not fine. The more clear is the chart the better.
momchil_slavov@
Member Since Dec 28, 2020   187 posts
Jan 27, 2021 at 11:21
There are a variety of indicators present, first you need to understand about the indicator which is useful to you. Combine the indicator which you need and then make a strong strategy, using all indicators at once makes no sense at all.
Member Since Jan 22, 2021   125 posts
Jan 27, 2021 at 11:41
Well, everything has its own importance. I must say, we should make a strategy by using both indicators and charts. Solely analyzing charts without indicators may fail your plan and you will end up with a big loss. Try to learn how to use indicators in charts and then go ahead with your trade.
Member Since Jan 17, 2021   31 posts
Jan 27, 2021 at 20:51
i agree
Member Since Sep 15, 2020   20 posts
Jan 28, 2021 at 02:43
Indicators should be used as an indication of the price movement, not for signals. Because indicators always give you a false signal especially in a lower timeframe if you rely on it. Overbought and oversold levels of the indicator do not mean what it was, maybe the price has made a breakout or the price may stay in that level for a long time.
Member Since Dec 05, 2020   81 posts
Jan 28, 2021 at 06:38
blackChelsea posted:
Well, everything has its own importance. I must say, we should make a strategy by using both indicators and charts. Solely analyzing charts without indicators may fail your plan and you will end up with a big loss. Try to learn how to use indicators in charts and then go ahead with your trade.
True, what are your favorite indicators?
Member Since Jan 21, 2021   48 posts
Feb 09, 2021 at 11:37
Using multiple indicators is always useful, using a single indicator is not much effective to predict where prices will move in the future.
Member Since Dec 15, 2020   12 posts
Feb 23, 2021 at 04:23
Pairing an indicator with a profitable strategy can turn out to be very good for traders. I also try some indicators with price action for getting better results.
Member Since Feb 23, 2021   16 posts
Feb 23, 2021 at 08:34
Indicators are useful but sometimes they are not that accurate so it is bad for me, sometimes i have to look into various indicators to choose the good one
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