Trading Without Using Indicators

[creeps]

This is just a normal 1month chart of Bitcoin.
No indicators are being used.

I’ve been trading for almost 2years now and I can say, I can now trade by just looking at the chart without using any indicators, i don’t know why I was able to do this but I think this is normal after reading a lot of books, watching youtube tutorials about trading and so many failed trades.

This post is not to bragged anyone, this is meant to inspire people not to give up on trading or not to depend to anyone. If you really want to know more about trading, then you should take more effort. I didn’t learn trading overnight it took me almost 2years before I can confidently trade. Always start with a small step and in time, you can also trade without using any indicators.

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[jonhn772]

This is just a normal 1month chart of Bitcoin.
No indicators are being used.

I’ve been trading for almost 2years now and I can say, I can now trade by just looking at the chart without using any indicators, i don’t know why I was able to do this but I think this is normal after reading a lot of books, watching youtube tutorials about trading and so many failed trades.

This post is not to bragged anyone, this is meant to inspire people not to give up on trading or not to depend to anyone. If you really want to know more about trading, then you should take more effort. I didn’t learn trading overnight it took me almost 2years before I can confidently trade. Always start with a small step and in time, you can also trade without using any indicators.

Exactly we need to it by ourselves and that's why I'm trying to learn trading properly and I hope I will learn it within next 5 months.

[Reid]

All you said was correct and that is how it should be to avoid loss.

They all want that rush profit in just a manner of time which is incorrect. It will just lead to a hellish ending.
I do look at a weekly basis of charts and not for months. I guess that is how it is with altcoins out there specially the ERC20 ones.
When they are new in exchanges the fluctuations are too deep or too high.

[Indamuck]

There is a reason why people say trading is gambling.  You an have all the past charts laid out and be analyzing patterns that happen but you never truly know what will happen.  Crypto markets are like stocks on s teroids and trying to day trade is extremely risky.  I always advice newbies to hold and never go short or long with high leverage.

[Tytanowy Janusz]

I always advice newbies to hold and never go short or long with high leverage.

Holding is the most risky strategy. Especialy for newbie.

I described it here: https://bitcointalk.org/index.php?topic=4456137.msg39881422#msg39881422

Daytrading is the safest way to earn on this market. When you are experienced trader you know how big risk you are taking. Simply when you put 1000$ with 1% stoploss you are risking 10$. After 10 waste trades you can stop, change strategy and you wasted 100$. You know exacly where you are, what risk you take and you can stop every moment. If you are unexpirienced trader you can start with lowest bet (~4 $ on binance). What can go wrong? In worst case you will close trade after few hours with 3,6$ wasting 0.40$. Its cheapest way to learn trading.

While in hodling strategy you opened 1 trade and after 2 months you are 80% loss. Because whole market went down/ you choose wrong coin due to wrong research/ you did your job good but the team scamed you. You lost your money and didnt learn anything. Is there any worst strategy?

[kingpin4321]

I would want to no how effective and successful you have been when trading with out the use of trading indicators

It's not just all about saying you trade with out the use of an indicator it's also about how many times have you ran a profit or a loss

[bitcampaign]

Seeing what you say is that experience becomes your best teacher as long as you learn about how to trade well, I also do the same thing as you are learning from every trade mistake to get a better experience, at least I can get a fixed profit without having to look an indicator

[Thanasis]

There is no indicator can be used to find the perfect trades,it all just for indication so doing trades without it also okay as long as you are able to hit the right track but doing this kind of trading may not work always unless you are doing some strategies on it.

[BestSSS]

Without indicators it was always possible to trade and now so many people trade. The goal is always the same-to follow a certain strategy and put stop-loss. This strategy is almost always winning, the only problem is that 99% of the players DO not have a strategy and therefore people lose money!.
Seeing the growth of the token, everyone starts to rush to this asset and buy, so they usually lose money..

[dothebeats]

Personally, the more indicators one person use, the more noise he will gather on a chart, which to me doesn't sound like helping at all. On the other hand, trading without guidelines is like trading blindly, only relying on intuition and knowledge that may fail since every market scenario is different from one another. I applaud you for doing this, though I don't think you're profiting much compared to when using some indicators, but then again to each his own.

[roycilik]

For me, trading without indicators it looks like getting lost in a forest without carrying a compass :v
Do with your own style and keep trading

[farosa]

For me, trading without indicators it looks like getting lost in a forest without carrying a compass :v
Do with your own style and keep trading

I don't exactly agree with you. Because if you have been so busy with the graphs, just looking to it is enough when picture is in front of you. This may not always be the case, but is often the case for simple graphics.

[roycilik]

For me, trading without indicators it looks like getting lost in a forest without carrying a compass :v
Do with your own style and keep trading

I don't exactly agree with you.

No problem

Because if you have been so busy with the graphs, just looking to it is enough when picture is in front of you. This may not always be the case, but is often the case for simple graphics.

Everyone has their own way when trading
Because my style doesn't have to be like as your

Do with your own style and keep trading

[creeps]

There is no indicator can be used to find the perfect trades,it all just for indication so doing trades without it also okay as long as you are able to hit the right track but doing this kind of trading may not work always unless you are doing some strategies on it.

Exactly, even if we use so many indicators if its not meant to be it will not happen, especially in cryptomarket where volatility is very high. It will not always work but it is more effective to me than to stress myself using indicators.

Do with your own style and keep trading

Yes, do the things that is more comportable with you. If you think using indicators can make you more effective do it, as long as you make profit it is still good. Just don’t trade without the right knowledge because its too risky.

[omonuyak]

Indicators are just there to help you about your decision in trading.  I think we are not going to succeed in trade by just looking at the chart without indicators as most of the high volume trading bots are build base on one indicators or another and when trading set up is about to happen you will not no.

[Ucy]

Works for me too.  The most important thing is to observe the trend and buy when it dips and sell when it's goes up. Not as simple as this though but it works majority of the time.

[AhmadM]

Trade without indicators is too difficult for me, im not expert in trading and dont have much experience there. If I try to trading with your style, I'll just get big loss.

[Jhonyguy]

I’ve been trading for almost 2years now and I can say, I can now trade by just looking at the chart without using any indicators, i don’t know why I was able to do this but I think this is normal after reading a lot of books, watching youtube tutorials about trading and so many failed trades.

This post is not to bragged anyone, this is meant to inspire people not to give up on trading or not to depend to anyone. If you really want to know more about trading, then you should take more effort. I didn’t learn trading overnight it took me almost 2years before I can confidently trade. Always start with a small step and in time, you can also trade without using any indicators.

chart reading comes from experience by watching charts and candles once we get hang of what movements effects the trend we can easily predict the next move videos and books can give idea but only self learning and implementing helps a lot

[Jhonyguy]

Trade without indicators is too difficult for me, im not expert in trading and dont have much experience there. If I try to trading with your style, I'll just get big loss.

trading with indicators blindly is also harmful , you should have some idea to judge whether the indication signals are correct or not if you just trade based on crossovers , overbought and oversold and ets it will be kill your capital


c how many trade opportunity we can find, when we staart to draw and analyze its easy to predict

[dominos]

There is a reason why people say trading is gambling.  You an have all the past charts laid out and be analyzing patterns that happen but you never truly know what will happen.  Crypto markets are like stocks on s teroids and trying to day trade is extremely risky.  I always advice newbies to hold and never go short or long with high leverage.

I don't think right now with that exact daily volume and volatility crypto are like stocks on steroids. Day-trading on cryptocurrency are same risky as stocks or forex.