Do NOT use indicators to predict price movement, but use all indicators you find useful to understand/see things more clearly and to confirm your BIAS of movement. Then look for price action signals to determine entry positions and there you go!
Nutty32 posted: No more indicators. They don' work.
Now, just looking at 'cycle' waves that are up/down.
$4 to $100 goal.
I have stopped using indicator since 2017. I only use Price Action, Candle Stick pattern, Fibonacci retracement. I agree on the note that indicators do not work in the Forex market. Some traders may know how to make them work. However, I could not find out how to make them work for me though.
WimConrad posted: Do NOT use indicators to predict price movement, but use all indicators you find useful to understand/see things more clearly and to confirm your BIAS of movement. Then look for price action signals to determine entry positions and there you go!
I don't know why most of the traders rely on indicators, they are utterly useless especially when it comes to determining the price movement. It's been almost a year since i haven't been using them and solely relying on price action.
Indicators are not completely useless, they can really help you in making the right trading decision. I think in trading, it all boils down to the fact that everyone has their own preferences. Some find one tool easy to use and others find some other tool easy. It is much about how well you use a tool rather than how useful a tool is.
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