Post
Topic
Board Trading Discussion
Re: What do you prefer between pure price action and indicators?
by
shield132
on 14/06/2024, 14:11:40 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?
If you are not a whale, you'll depend on your luck. I use basic rules, buy low, sell high and I prefer long-term holding. For example, I bought Bitcoins at 20K and sold at 60K. Now I don't own any coin, I'll wait for the price to go down, I feel like it has to go down. If I am wrong and the price isn't going to fall, then I'll buy at 70K, 80K or whatever it is to catch the bull run and hold it till the bubble bursts.
I find the monthly time frame very interesting for predicting the future. Daily time frame often distracts you from predicting the future.