@@narotomothose horizontal lines don’t make you profitable. You could literally flip a coin and be profitable. All it really comes down to is risk management that will play the biggest part in your career as trader
@@suggondees4882 those line are there just to mark up the ranges. The key is being able to determine which range are actually worth trading. How to enter and how to manage risk is another thing.
True they do lag but they show footprints, confirmations, divergences etc. Correct usage with market structure and price/action volume and you have a Swiss Army knife. Sure trading can be done without indicators but I preferred it and it works for me. Experiment and you will find what works for you.
Exactly, some traders only use 3 EMAs. I personally only use Asia Sessions to see Asia/London/NY highs and lows for the day. Then I just simply use 1 -2 lines on my chart. Learn to spot liquidity. Learn the candles and wicks. Best of luck 🌠🌠💓💓
We as algorithmic traders build fixed rule systems that use indicadors and they have been working for the past 20 years. Ofc they dont win 100% of the times, but they have a mathematical hope over the long term
@@samuelandrek2425exactly, there is no real superior system over the other, there are indicator based traders making millions just using the moving average and some fluctuation in price from the moving average. What makes someone profitable is their risk management and backtested strategy showing them a mathematical edge in the long time
The bars or candles also formulate after price occurs but we still look at them to gather some information. Indicators do work. People fail to understand when and how to use them
exactly that bro that’s why they say they’re bad it’s because they’re Traditional but if you interpret the use of indicators properly your making a monthly income within a week
Of course they are not perfect, but show me a better system vs NOT using indicators and I'll believe you. I started earning once I implemented a macd signal strategy along with moving averages. So, your opinion comes off bias without you pointing towards better strategies.
@@misaelsanz7898 well dang that's a shot to the gut maybe you should put out information but tbh I think everything works for somebody most people just don't have patience
I'm a newbie, but it's so complex moving averages, EMAs etc, you can make as much as you want and use different timeframes, crossing lines, but history says not much about the future.
U know ,let me tell u about if indicators are actually good or bad by some real analysis 1.) for an instance take MACD , this indicators is nonsense,that’s what said by him ,now the indicator is invented by that person who ran asset management company having many clients using this strategy for almost 35 years . The first point is this 2. Now secondly as per my experience i believe in backtesting,bcoz that’s the rule of market ,history repeats itself,now using indicators gives u volume ,volatility,trend and momentum changes ,which can take ur trading to next level ,people don’t know how to use indicators ,even they don’t know the momentum and trend indicators ,and have bad discipline or lack of knowledge,got their accounts wiped out ,and say indicators don’t work(I’m not talking about this dude too) I just told all the points ,now choice is up to u
Mostly true for price-derived lagging indies. Not applies to leading indicators. Example: volume is price uncorrelated leading indi. Again, at times, trader may need to combine lagging+leading indies + a couple of TFs to build a decent system. Cheers
@@naledikeeyaboipelo28indicators are Curved Trend line, Next time try to draw a trend line across 50 candles and Set Your all indicators look back period to 50 Close, everything will be exposed
Without some kind of indicator confluence we are just guessing. I have been trading for many years and if you cannot define specifically what the entry conditions are you are just going on a whim, which is guessing. It is better to define the exact criteria instead of using intuitive guesses.
A good divergence from MFI or Stoch is a forward looking picture from lagging indicators. Divergence is the only valuable thing that should be considered when using indicators. And that doesn't always work either.
Fun fact: EVERYTHING is a lagging indicator. That support zone you drew? Based on previous candles. Candlestick patterns? Visual representations of prices that have already closed. Unless you have a time machine, you are using previous price action to predict future price action.
CPR is the only leading indicator there is. And it is AMAZING. It even shows us tomorrow's volatility or next weeks volatility or even the next month's... There is a few tricks to learn about it and i recommend. Once you used it, you will never leave it.
Understanding how to read candles and prices can help in most cases. I believe you must have your own system regardless of who teaches you how to trade. No 2 individuals will enter and exit the market at the same price. Human behavior is what makes market moves. Just my thoughts. Use your stop loss to help eliminate losses. Take hope out of the equation. It will take profits and send you home upset.
Nah! Rsi for hidden divergence with lower time frame regular divergences to confirm entry along with emas to trade with the trend and you got yourself a hell of a strategy
Considering indicators are not reliable for predicting future market movements, what alternative strategies or methods would you recommend as the best..? approach to trading?"
If the system works, it works. No matter how you're doing it. Take advice from Mark Douglas. I'm sure order flow works for you but it doesn't mean it's the only way to trade. Close-minded opinions based on your personal experience are bad advice for new traders.
I'm agree with you, I'm using ema indicator for entree and exit TP and SL and wirk fine. When the indicator based on the past the same thing for supports and resistance or ICT or others based on the past. Tell me how you do to draw supply or demande.... Thanks
You can evade lag by using market structure indicators, like smart money concepts by Lux Algo, it gives not signal in movement, it marks important liquidity areas as order locks and tags structure moves with little tags
@@utkarshpandey650 it's been a long 8 months. I am back on indicators and they are necessary for me now, I am so much better than 8 months ago. I am on the 5 minute time frame and trade news and the FANG stocks.
Use what calls to you. Indicators can help to identify market strength or weakness at support and resistance They also serve as guardrails in trends. Almost all professional traders use them.
You don’t understand how to use them. They help when prices are crazy and help alot in mid to longer term trading. Ask hedge fund managers if they are useless
indicators are not nonsense if you know how to use it. if you have many indicators but don't know how to use the tools. then that's nonsense on the trader not on the indicators. Indicators help traders a lot on making judgement and decision during trading nevertheless, of course it is not 100% prefect but it helps!
I’m profitable with indicators, I ain’t wasting time creating content to teach people though I make more than enough money, all these traders with content and bragging about 6-8 figures are liars 😂😂😂
@chriscc14 vwap is OK but it basically gives you a moving level( in my opinion price action still dictates vwap) learn liquidity or take baby steps and learn ORB or opening range breakouts. Kinda gives you an idea of what levels do
