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Indicators are useless

WimConrad
Sep 01 at 12:01
7 zpráv(a,y)
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!

Karlos Fandango (Smith2525)
Sep 02 at 05:40
57 zpráv(a,y)
I disagree, they are very useful tools. However, don't rely on one alone and use in conjunction with risk management.
It's about the wins outweighing the losses!

sharabela
Sep 02 at 06:34
28 zpráv(a,y)
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.

RobertFerrari
Sep 02 at 07:07
126 zpráv(a,y)
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!

But sometimes indicator helps a lot.

Tradextol
Sep 03 at 06:26
37 zpráv(a,y)
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.

AliaDare
Sep 04 at 01:21
632 zpráv(a,y)
necolesilvers posted:
@AliaDare I also like to work with the price action. These, I feel, are the least lagging among the bunch of other trading tools.

Price action and patience is a very important issue in trading.

UweMoench
Sep 04 at 05:56
589 zpráv(a,y)
@Tradextol People depend on indicators because that's how they been taught forex trading. They do not try to do anything new to improve their skills.

Unellene
Sep 04 at 16:01
283 zpráv(a,y)
then you used the indicators incorrectly, if you have such an opinion

necolesilvers
Sep 06 at 10:27
28 zpráv(a,y)
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.

UweMoench
Sep 06 at 11:12
589 zpráv(a,y)
Indicators are not completely useless
 It can be helpful if we can set the parameters properly. Default parameters do not work all the time.

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