Is it true, you can trade without indicators and candlesticks?

[theroguetrader]

charts - bar, candlestick, P&F, Market Profile, indicators are all just trading tools - help you/use as a reference (levels etc)


watch the price ladder on an order book - CQG/TT NO charts - and just study the " ORDER FLOW "....
with practice you will be able to " intuitively " see where support and resistance is on the ladder ALONE - WITHOUT looking at your charts !!

 

[afonsoalves]

Hi Guys
Completely agree! You do not need a cumbrsome of indicators to trade the markets! Watch the traders on the floor: do they look at moving averages, fibonaccis and other rubish? NO, they just trade the numbers and feel the volume. That's it. Ive been teaching every year about 15 people to trade price action and nobody is coming back to indicators:

 

[forker]

Hi Guys
Completely agree! You do not need a cumbrsome of indicators to trade the markets! Watch the traders on the floor: do they look at moving averages, fibonaccis and other rubish? NO, they just trade the numbers and feel the volume. That's it. Ive been teaching every year about 15 people to trade price action and nobody is coming back to indicators:

Spam... Oops, did that slip out

 

[afonsoalves]

Sorry NO SPAM... no slippage!

 

[dccruibay]

I say this for a a number of reasons. The first one being how many people out there are actually having success using these indicators in the long run? I don't think it could be too much. After all, 95% of traders are losing money. If these indicators worked and they are supposed to be completely mechanical, why is 95% of the market losing money?
The rules of these indicators are fairly universal, and since they are theoretically traded in the same manner, irregardless of the trader, they should result in positive trades. That is, of course, unless they don't work.
Also, think about what kind of a crutch, indicators actually are. Instead of you looking at a simple price chart, and trying to "figure out" where the price is headed based on the prior price movement, all these indicators like Stochastics, Moving Averages, MACD, Fibonnacci, are literally giving you their opinion of where the price is headed.

 

[dominationFX]

study price action my friend.

 

[Jason101]

If its going up, buy it. If its going down sell it. If it is standing still do nothing. What else do you need to know?

What on earth do you want from an indicator?

 

[forker]

If its going up, buy it. If its going down sell it. If it is standing still do nothing. What else do you need to know?

What on earth do you want from an indicator?

2 blondes in a hot tub?

 

[oiltanker]

If its going up, buy it. If its going down sell it.

some have a strat that does the opposite.

 

[Mao]

and if that's a draw, we'll sort it out on the dancefloor !

You have been warned

This here is some serious lulz...

 

[TonyChan]

This it ture!!!!!

I had been in one of the live realtime market calls room last week at www.tradeprecision.weebly.com. They are making about at least $500 everyday in crude oil.

They are trading just on a simple barchart. No indicators, no trendlines, no volume, no proprietary indicator and software. Just what works, SUPPORT & RESISTANCE only!!!!!!

They are giving 1 week free trail to join their live realtime market calls and you can judge for yourself. They make the calls far ahead of the market, so that you can see with your own eyes how effective they are. They don’t hide anything. If they have a loosing call they acknowledge it, they don't disregard it.

Regards
Tony Chan

 

[arabianights]

This it ture!!!!!

I had been in one of the live realtime market calls room last week at www.tradeprecision.weebly.com. They are making about at least $500 everyday in crude oil.

They are trading just on a simple barchart. No indicators, no trendlines, no volume, no proprietary indicator and software. Just what works, SUPPORT & RESISTANCE only!!!!!!

They are giving 1 week free trail to join their live realtime market calls and you can judge for yourself. They make the calls far ahead of the market, so that you can see with your own eyes how effective they are. They don’t hide anything. If they have a loosing call they acknowledge it, they don't disregard it.

Regards
Tony Chan

WHOAH! 50 TICKS ON A 1 LOT! ON OIL! AMAZlNG!