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I dont think so, dont you know if many of professional traders are naked trader, and naked trader means they are trading without using any indicators in their chart, they just used chart pattern or candle stick pattern to predict the price movement, and its really works :)Quote:
Originally Posted by agitiga
Trading without indicators is very risky. It is just like a blind person driving a car. Candle stick pattern - I am trading for more than 6 years but I didn't saw at least 4-5 pattern eachafter which could sign me buy or sell. Patterns can be defined only after when they happened, but don't tell you what WILL happen. You can see from them only the past, nothing forward.Quote:
Originally Posted by SeoHyun
Trading without indicators very nice and more aware of fundamental news and technical analysis of the daily price movement, so that we can open a position in accordance with the market and conditions as well as the daily range of fundamental news in europe and usa session properlyQuote:
Originally Posted by marymirella
I have teached by my brother to be a naked trader, and naked trader didn't use any indicators in their charts, so I will not use indicators too, since I have ever used it and give me bad trading results, its hard to gain profits consistently with indicators :)
A simple strategy with no indicators
For going long:
1- Body of the latest Daily candle is greater than body of the previous 2 daily candles
2- Previous daily candle must be bearish
3- Close of latest candle is more than close of the previous candle
4- Take profit for next candle at the psychological levels: 50 & 00
For going short:
1- Body of the latest Daily candle is greater than body of the previous 2 daily candles
2- Previous daily candle must be bullish
3- Close of latest candle is less than close of the previous candle
4- Take profit for next candle at the psychological levels: 50 & 00
could master even the most pro trder already they do not use their indicators as tools to trade in the forex market,
but if we can not trade without indicators then you do not need to do
noooooooooooooooo
I did not use any indicator as i do not know how to use these. I wish that i should know about these indicators. I am still loser
I think as a beginner should keep using the indicator, because if the forex trading without the use of indicators will be very dangerous, can be compared to walking without a destination. possible for people who are used to trading then it could make an entry with a very comfortable, although not using indicators, but different from what is still a beginner in forex.
naked tradings requires too much experience and if the traders will not manage the risks in forex then they may be able to have the good and easy tradings in forex and it is necessary that we should find the good and easy way of tradings in forex.
dear friend alot of people use indicator trading. mien bhi un mien se aik ho aur mien ye es habit ko chorne ki try kar raha ho aur market aur news aur expert ki opinion ko market se compare kar k analysis karna sekh raha ho aur abhi tak larn kar raha ho indicator ko dekh kar some time humien bara loss hota hai . aur humien es habit ko aviod karna chaye to become a good trader.