Indicators are useful but

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.

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.

Indicators are useful but it is not essential. There are lot of traders who can trade with only simple price action.

They are not the whole thing and if combined with a good strategy, they can be good.

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.

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.

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.

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.

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.

Indicators are total bs...if there were an indicator that works, would it be shared among community.

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.

Indicators are fine and needed but overdosing with them is not fine. The more clear is the chart the better.

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.

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.

i agree

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.

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?

Using multiple indicators is always useful, using a single indicator is not much effective to predict where prices will move in the future.

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.