Trading news and using indicator which one is more profitable.
They’re both going to mislead you into bad trades.
Learn and understand price action. Add in whichever indicator you need to make your PA trades work better. An indicator cannot make a trade good on its own, but it can make a good trade better. Or keep you out of a bad trade.
Add in whichever news events or fundamental information you need to make your trades work better by ensuring you are trading in the same direction as newsflow or to avoid negative price action. Don’t try and guess what the next interest rate will be or whether NFPR’s or the latest sentiment indicator etc. will be up or down.
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Thanks but how can I dictate price action
trading news is much complicated , if you are a newcomer , it is more appropriate to avoid.
Okay,thanks
Study the price chart, its patterns, its candlestick patterns, its bar chart patterns, its sequences of upwards and downwards swings, how to recognise a swing high and a swing low, its support and resistance levels, trends, trendlines and trend channels. Don’t study the indicator’s chart.
Thanks,but y did u say I should not study indicators chart?
What I mean is concentrate your efforts on learning how price moves, and the different patterns and formations it makes on the price chart. Learn about price charts first and do some trading from them. If you need to improve your trading results, then select an indicator which responds to the trading problem you have.
The price chart is the tool which does the job (of trading). The indicator is a tool which can be used to fix your main tool.
according to my trading experience , i think any kinds of indicator work for very short time, nothing without it.
there is nothing 100% in Forex trading , so there is nothing which you can consider as a permanent.