Quote from: BlackBoss_ on Today at 01:54:00 AM

Quote from: laubeaud on June 14, 2024, 09:31:10 AM

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?

So is price action purely independent itself and is not related to any indicator at all?

If you only apply price action but never zoom out to see the wide picture and use basic indicators to have overview of the market, you will fail with price action. Because if you only dig in a small time frame, apply price action, you will possibly miss a bigger picture and this is terrible beginning of failure in trading.

Trading with price action, fundamental or technical strategies, people always need to zoom out before apply these strategies. They can not sit down in their small house, and ignore other things are happening in society, in their country. Bad decisions will be made if they trade with this style.

I guess so, judging in his posts there. I think price action is like trading based only in our emotions or instincts but trading with indicators is like an educated way to trade, therefore you are right when you say that we will likely fail if we will only rely on price action.

It is only justifiable to do if we are rushing but using indicators can require a lot of time, as we will analyse things first. I see that you also have another definition of zooming out and that is to do other things outside but I think those who do trading with price action only are like that already. They do also have a life. Only those who don't have it, are people who have a severe addiction.