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As I said earlier, even a candle stick is also a incikator, because if we are observant, we can see the momentum, volume, power between sellers and buyers .. Then how much the price range that occurs in each candle .. Candle stick is enough to do an analysis of power between buyer and seller at a certain time frame .. If you still need other indicators to help analyze, I think it's legitimate fine ..
in my opinion, a lot of traders who do trade without using indicators, because they use the candlestick, and also news to their analysis, so we can do the trade without using indicators.
think I should still take the trade without using indicators but it would be good as we use in analyzing the market is the third indicator, the fundamental news and candlesQuote:
Originally Posted by penjualdolar
Without any indication, such have a market potential. But we have the tools to make informed decisions in the market, I know all the indicators, without the aid of these indicators is a good decision to open or close a trade will be difficult to achieve. So, we felt the need to do take advantage of trade.
yes we can but without indicators we can't imagine that we can't inform from market fluctuation this is very difficult and in this way we will lot of chances lose . Indicators are very good thing and we can get through indicators profits.
haan hum without indicators trade kar sakte hain. jaise... kuch system hain..
1. just follow the price action. and candlestick pattern.
2. use the pivot points and trendline.
3. use the news analysis.
all these are the system of trading without indicators.
I been reading posts across the net about how some traders don't use indicators like moving averages as they are lagging indicators. Only taking past actions to predict future price movement. Some traders trade using candle sticks, the tape, pivot points, Fibonacci lines, while others trade doing all the above but no candlesticks. Then there are traders who only trade the tape. Is this all really possible?
I can't find hardly an information on tape reading, where do I start?
They say to trade the market you need to learn price action which is No1 way to predict future price movement and then you can master order flow and finally learn to read the tape to become a hot shot trader that can trade without indicators and choose whether or not to trade with candlesticks. This is all sounds awesome, but is it possible?
ofcourse you can trade without indicators,you can trade by news and fundamental analysis.
Trading with news is such an addictive thing that you can't ignore it once you started to trade on news. It is risky to trade on news but you can get many pips in a single day. We just need to trade on a specific news for some month and it will get easier.
It's possible to trade without indicators, usually it was called as Naked Trading Strategy, but not all traders are comfortable to
trade with naked trading strategy. It's possible to gain consistent profits too with naked trading strategy but I still prefer to use indicator
to help me making good decision.