Indicators are useless
Member Since Apr 09, 2019
538 posts
Nov 23, 2021 at 09:26
I don't find them useful but others do. Have to find what helps you to see what you need to see in order to trade. What people 'think' doesn't matter.
If you can't spot the liquidity then you are the liquidity.
Member Since Jul 23, 2020
869 posts
Dec 07, 2021 at 17:35
Most people do not fully understand how to use the tools they have in their hands. They use it for the wrong reason.
Member Since Jul 23, 2020
759 posts
Dec 09, 2021 at 21:14
Indicators are not useless. Traders’ approach can be.
Member Since Jun 19, 2020
38 posts
Jan 03, 2022 at 06:01
If you are expecting indicators to give you accurate buy or sell signals then you’ll definitely find them useless because no indicator is precise. However, if you look at it as a helping hand then you can get a lot out of it. Just don’t use too many indicators, try to be better at interpreting one or two indicators.
Jan 03, 2022 at 16:23
Nutty32 posted:I am a price action trader. I do not use indicators. However, I do not think indicators are useless. There are traders using indicators and making money by trading. It may need hours of practice to be able to use an indicator accordingly. Some indicators such as Moving Average, RSI, Stochestic are widely used by many traders in the market.
No more indicators. They don' work.
Now, just looking at 'cycle' waves that are up/down.
$4 to $100 goal.
Jan 03, 2022 at 23:02
Just no perfect indicator exists, the indicator only as help tool created by expert and experienced trader, a trader needs to learn how to use the indicator and its function, besides to use indicator also important to keep plan trading work with risk management plan, here most trader use stop loss or trailing stop feature, some trader using hedging position etc
Member Since May 19, 2020
401 posts
Jan 05, 2022 at 12:34
Why do you think the indicator is the solution to all trading problems?
In fact, you can use any indicator successfully, but get a loss due to the lack of a trading plan or incorrect volatility assessment...
Also, as a trader who has been using different indicators in different trading systems for many years, I can assume the next statement: an indicator is not a 100% signal provider. Indicators should be used in chain with other technical instruments, and then the consistency of several data sources will signal the possibility of a trade.
In fact, you can use any indicator successfully, but get a loss due to the lack of a trading plan or incorrect volatility assessment...
Also, as a trader who has been using different indicators in different trading systems for many years, I can assume the next statement: an indicator is not a 100% signal provider. Indicators should be used in chain with other technical instruments, and then the consistency of several data sources will signal the possibility of a trade.
@Marcellus8610
Member Since Jul 20, 2020
399 posts
Jan 05, 2022 at 19:52
Indicators are always lagging on what has done, you need to definitely have knowledge of market structure and price action to give you a clearer image of what's happening
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