The question is whether to use an indicator or not> In other words to be or not to be with indicators!
Big money does not use retail indicators or some clever concoction made by a genius on a forexstation forum. For them price is the only thing they watch on a regular basis. I still use RSI because I am addicted to indicators. Need something to hang onto but having worked long with price fractals and seeing price movement from those fractals I came to devise a plan to guess the levels to which price would tend to be moved gradually by big players in this market. I was tempted to watch round numbers for the purpose but that would have been too naïve and prone to be manipulated for stop hunts. Then the idea of price extensions from major fractals came to my mind. I am using that as a guide to gauge the market and determine the areas of interest I would consider buy and sell opportunities.
Same chart with same fib extensions after a few days on a daily timeframe is here for your perusal: