It has always been an unwise choice to use technical indicators to achieve profitability.
price action,
price action
price action
that's the key

The goal this year is to stop relying on technical indicators.
Trade with the most concise charts possible

honje19960321 wrote: Sun Feb 12, 2023 2:36 pm The goal this year is to stop relying on technical indicators.
Trade with the most concise charts possible

If you think about it , every style of trader ends up seeing the same roadblock and turn point eventually because they all mean the same thing

Price action basically means trend

chickensword wrote: Sun Feb 12, 2023 2:38 pm If you think about it , every style of trader ends up seeing the same roadblock and turn point eventually because they all mean the same thing

Price action basically means trend

I know good elite level traders who are consistently profitable and they only trade price action.

Don't try to find the Holy Grail from technical indicators.
The real holy grail lies in price action.

I should stop requesting new metrics.
i want to believe
I need to study
i want to use
they
Smart Money Concepts,
The Inner Circle Trader,
Price Action,
Supply & Demand Zones,
Market Structure

honje19960321 wrote: Sun Feb 12, 2023 2:40 pm Don't try to find the Holy Grail from technical indicators.
The real holy grail lies in price action.

Yes i know price action can be beast but
Patterns and indicators are the same thing
Its just tweaking the indicators in a specific way to find a pattern through them

How else would there be bots that can rake millions of dollars

I had the same mentality last year as most unprofitable losers.
Been trying to find the holy grail in technical indicators.
Never studied price action seriously.
After my reflection.
I have to change that this year.

chickensword wrote: Sun Feb 12, 2023 2:43 pm Yes i know price action can be beast but
Patterns and indicators are the same thing
Its just tweaking the indicators in a specific way to find a pattern through them

How else would there be bots that can rake millions of dollars

RplusT wrote: Thu Jan 12, 2023 11:29 pm Thanks Meyney, everyone can see how simple trading can be. Just takes a little bit of effort and understanding.
One could mark the S/R level at the bottom of the Zig Zag V too for later reference.

I remember RplusT seems to say. Technical indicators are redundant. . . . Only price action is leading.

honje19960321 wrote: Sun Feb 12, 2023 2:44 pm I had the same mentality last year as most unprofitable losers.
Been trying to find the holy grail in technical indicators.
Never studied price action seriously.
After my reflection.
I have to change that this year.

I guess we are opposites then lol, i tried to study price action
But its only candle patterns with channels to me
Imbalances was the most valuable thing i learned about it
Unfortunately the bagang pivot indicator is only on trading view
There isnt a better s/r or beginning of a push in price out there

Unless you use delta statistics which is a form of order flow