Are indicators a waste

[QuadPip]

Please see my posts linked below.

Experienced traders, how important are candlestick patterns to you?

Price action has nothing to do with candlestick patterns or even chart patterns. Essentially PA takes into account market structure. As price moves it leaves behind clues as to where it will go next and how far it will travel. Price, in its movements, follows certain rules. The better you get at reading the naked chart the easier your trading will get. See my posts in the thread linked below for more info and an example trade based on PA. Notice also that the identification of a trend change, i…

And in this thread too …

Risk Management advice wanted

Your trade was pretty good being that you’re a very new trader. I could not have made this trade at your level of experience. So, congratulations! However, the trade could just as easily have gone the other way and you may have lost a large % of your account. I suggest that you take some time to learn price action analysis and trade on a demo account until you get the hang of it. Here’s a little something to get you started on it. It is very difficult to convey this information in any appreciab…