Friday, September 27, 2013
PRICE ACTION VS INDICATORS
I must say, after an year of trading with indicators, I have now decided trade without them. I have tried 8-10 indicators if not a hundred but I have researched and practiced extensively with them, and did everything I possibly could to make them work. Finally, I gave up. I'm not saying they don't work, they just don't work for me. For me, indicators lead to illusions, i.e. setups that don't exist. But I also must say the experience I gathered so far with methods that don't work, is valuable to me. I believe it's not enough to know what works for someone, it's also important to find out what doesn't. One might argue that he or she believes exactly the opposite regarding the usage of indicators, and that's also fine... whatever works; it doesn't have to be price action
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