Over the years, in fact since 2005, like most dedicated enthusiasts. I have looked at Oscilators, Moving Averages, Volume, Price Patterns: Head and Shoulder, inverted H&S, Candle formation, candle patterns, time of day: session times. I am convinced these so called tools are loaded by Brokers and Banks against traders as strategies to loose money used by retail traders. The only thing I found works is Price Action itself.
- Have u tried systematic trading or is this all just “manual trading” / “trading by hand”?
- Ur conviction towards these “indicators being tools of banks and brokes to fuck all traders” is very very very wrong… Indicators are nothing else but math.. its just recent price data pushed into a mathematical formula that gives u an output… Does indicators predict the future? No i dont belive they do. But they can help u determine if a bottom or top might have peaked and give u an indication about when to enter/exit the trade..
3. When u say “price action works”, what exactly do you mean? Are we talking stuff like “close above daily high yesterday” kind of stuff? Cus u know u can make an indicator thats “= 1 when price > daily high yesterday”.. Or are you talking more about “green candle” + candle must be above xxx pips?”
