Post
Topic
Board Trading Discussion
Re: What do you prefer between pure price action and indicators?
by
Luizwalter Crypt
on 20/06/2024, 14:15:33 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?
It all depends on the professional level of the trader. To me with my little experience, indicators are formed from the resultant effects of price action so needless of one capitalizing on indicators when he/she could learn what forms the indicators.
According to Mark Douglas "every moment in the market is unique" so judging the markets behavior with past data would not yield excellent results compered to "trading in the now moments"(Mark Douglas) with the current price action. Although both works but I prefer trading with price action because you could trade any financial market with it. Though this doesn't guarantee 100% wins cause that's the nature of the market.