No system

I use “intuitive feel” for chart reading and trades. Does anyone else do this

I do look at indicators but use the looks of the chart for the decision.


I dont know about not having a system but I have started just by looking at price action and how it is moving rather than basing my decisions off of indicators. I have been more profitable doing this than I had been following systems that would require indicator qualifiers. I kind of had that “Is it really that simple” moment when I started doing this. There are still rules I follow though, just not indicators.

I do not use indicators - just price action thro candlesticks and…it is working well! :slight_smile: :slight_smile: :slight_smile:

Regards, Tymen Wortel, Perth, Western Australia.

I had that same moment when i was using EMA Indicators
I made some trades based on that indicator alone and made money
i thought this is EASY…then the next week i got hammered.

I use the 50/50 system…half technical, half news,
seems to be a little better, I haven’t found any Magical secret yet

Any good tutorials on price action and candle sticks?

To Free Soul :

Here are two hyperlinks you should look up. They will inspire you.

  1. Candle Sheds More Light Than The MACD

  2. Japanese Candlestick Charting Explained

I am taught by the professionals that candlestick trading is vastly superior to all other methods. Like everyone else, i started trading using the traditional indicators and lost more money than i made. Then i graduated to candlestick trading and have not made a single loss since, but instead made many excellent profit trades.

Candlesticks, in my opinion, are definitely the way to go. Strange - i have previously always avoided them.

Kind regards, Tymen Wortel, Perth, Western Australia. :slight_smile: