There is not a single trader who has never used an indicator or an oscillator as a PRIMARY tool for making trading decisions. I am not using a single indicator anymore, and it seems to me that they are not needed. So my question is, should traders ditch all those fancy indicators and oscillators? Also, i agree with this article saying that indicators and oscillators were never meant to be used for making trading decisions, only for confirming them.
My trading improved a lot since i stopped using these tools (much before reading this article), but sometimes i wonder if it is all luck. I focus on finding those supply and demand levels as a few instructors teach and preach, but often i get the impression it is just luck that the trade work etc.
Why no-indicator trading
If you read it, please let me know what you think.
Indicators are tools and should be used as such. Many of them can be very useful if you understand them and use the correctly.
Are they needed? Well that I’d purely down to personal preference and trading style. Just because one person make millions of pounds on a ‘naked’ chart does not mean that another cannot make millions of pounds with a chart full of indicators.
I trade with little or no indicators although I understand why some could be useful and I think that others are a waste of time. Someone else may be successful and have another opinion.
Each to their own I guess.
DT.
Again this site?? are you trying to promote it?
Looks like another signal service.
Since there’s a charge to be able to read the article in it’s entirety, I think it’s a sales pitch.
And you’re the pitcher.