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Author Topic: What do you prefer between pure price action and indicators?  (Read 222 times)
GreatArkansas
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June 19, 2024, 12:05:38 AM
 #21

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What do you prefer: price action only or indicators?
There are some indicators that uses price action or they are based on them, so for me, a good trader can use both, not only price action and not only by indicators, combination is also good so you can identify if the next action you expecting is legit or just a trap that could lead you to lose.

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mirakal
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June 20, 2024, 01:18:43 PM
 #22

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.

I'd never think there is an accurate tool for trading but the price action that serves as a buy/sell indicator, it could be somewhat effective. But if we still have enough time to explore the market situation, we can use some important trading tools. Besides, this is not about making perfections because this gives us no assurance due to the volatility of the market but at least, we can minimize losses which is one thing we benefit from it.
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What do you prefer: price action only or indicators?
Just choose the strategy and tool, or any way of analyzing the market condition that we believe works for us. Our actions come from what we observe in the market price movement which I suggest spending more time with this than on other trading tools.

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Luizwalter Crypt
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June 20, 2024, 02:15:33 PM
 #23

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.
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