Post
Topic
Board Trading Discussion
Re: What do you prefer between pure price action and indicators?
by
Barikui1
on 14/06/2024, 13:11:55 UTC
When it comes to trading, there are two groups of traders: those who like to use indicators and those who prefer price action only.

Traders who use indicators say they provide accurate entry and exit signals but may sometimes lag. Price action traders argue that indicators rely on price data and thus are unnecessary.

What do you prefer: price action only or indicators?

Yes, it's actually true that trading with only indicators can be very misleading and it might leads to significant losses if your risk management strategy is not being utilized properly, because indicators only reveal the past data of the market, and it potential, but it wouldn't show you a clear path of were the market is going next.

While as for price actions trading system, it's more informative and cannot be misleading as the technical indicators, and each of the candle sticks has a meaning that someone that is actually good in price action trading will know what's the meaning and it sentiment.

But in all this, I believe that regardless of the system you are using to trade, wether price action trading or trading with technical indicators,  if you are real good at it, and you knows what you are doing, you will definitely do better, because your knows how to use them to your own advantage.