@@narotomothose horizontal lines don’t make you profitable. You could literally flip a coin and be profitable. All it really comes down to is risk management that will play the biggest part in your career as trader
@@suggondees4882 those line are there just to mark up the ranges. The key is being able to determine which range are actually worth trading. How to enter and how to manage risk is another thing.
We as algorithmic traders build fixed rule systems that use indicadors and they have been working for the past 20 years. Ofc they dont win 100% of the times, but they have a mathematical hope over the long term
@@samuelandrek2425exactly, there is no real superior system over the other, there are indicator based traders making millions just using the moving average and some fluctuation in price from the moving average. What makes someone profitable is their risk management and backtested strategy showing them a mathematical edge in the long time
True they do lag but they show footprints, confirmations, divergences etc. Correct usage with market structure and price/action volume and you have a Swiss Army knife. Sure trading can be done without indicators but I preferred it and it works for me. Experiment and you will find what works for you.
Exactly, some traders only use 3 EMAs. I personally only use Asia Sessions to see Asia/London/NY highs and lows for the day. Then I just simply use 1 -2 lines on my chart. Learn to spot liquidity. Learn the candles and wicks. Best of luck 🌠🌠💓💓
The bars or candles also formulate after price occurs but we still look at them to gather some information. Indicators do work. People fail to understand when and how to use them
exactly that bro that’s why they say they’re bad it’s because they’re Traditional but if you interpret the use of indicators properly your making a monthly income within a week
Of course they are not perfect, but show me a better system vs NOT using indicators and I'll believe you. I started earning once I implemented a macd signal strategy along with moving averages. So, your opinion comes off bias without you pointing towards better strategies.
I'm a newbie, but it's so complex moving averages, EMAs etc, you can make as much as you want and use different timeframes, crossing lines, but history says not much about the future.
U know ,let me tell u about if indicators are actually good or bad by some real analysis 1.) for an instance take MACD , this indicators is nonsense,that’s what said by him ,now the indicator is invented by that person who ran asset management company having many clients using this strategy for almost 35 years . The first point is this 2. Now secondly as per my experience i believe in backtesting,bcoz that’s the rule of market ,history repeats itself,now using indicators gives u volume ,volatility,trend and momentum changes ,which can take ur trading to next level ,people don’t know how to use indicators ,even they don’t know the momentum and trend indicators ,and have bad discipline or lack of knowledge,got their accounts wiped out ,and say indicators don’t work(I’m not talking about this dude too) I just told all the points ,now choice is up to u
A good divergence from MFI or Stoch is a forward looking picture from lagging indicators. Divergence is the only valuable thing that should be considered when using indicators. And that doesn't always work either.
@@misaelsanz7898 well dang that's a shot to the gut maybe you should put out information but tbh I think everything works for somebody most people just don't have patience
Fun fact: EVERYTHING is a lagging indicator. That support zone you drew? Based on previous candles. Candlestick patterns? Visual representations of prices that have already closed. Unless you have a time machine, you are using previous price action to predict future price action.
Without some kind of indicator confluence we are just guessing. I have been trading for many years and if you cannot define specifically what the entry conditions are you are just going on a whim, which is guessing. It is better to define the exact criteria instead of using intuitive guesses.
Mostly true for price-derived lagging indies. Not applies to leading indicators. Example: volume is price uncorrelated leading indi. Again, at times, trader may need to combine lagging+leading indies + a couple of TFs to build a decent system. Cheers
@@naledikeeyaboipelo28indicators are Curved Trend line, Next time try to draw a trend line across 50 candles and Set Your all indicators look back period to 50 Close, everything will be exposed
Nah! Rsi for hidden divergence with lower time frame regular divergences to confirm entry along with emas to trade with the trend and you got yourself a hell of a strategy
CPR is the only leading indicator there is. And it is AMAZING. It even shows us tomorrow's volatility or next weeks volatility or even the next month's... There is a few tricks to learn about it and i recommend. Once you used it, you will never leave it.
Understanding how to read candles and prices can help in most cases. I believe you must have your own system regardless of who teaches you how to trade. No 2 individuals will enter and exit the market at the same price. Human behavior is what makes market moves. Just my thoughts. Use your stop loss to help eliminate losses. Take hope out of the equation. It will take profits and send you home upset.
You can evade lag by using market structure indicators, like smart money concepts by Lux Algo, it gives not signal in movement, it marks important liquidity areas as order locks and tags structure moves with little tags
Use what calls to you. Indicators can help to identify market strength or weakness at support and resistance They also serve as guardrails in trends. Almost all professional traders use them.
@@utkarshpandey650 it's been a long 8 months. I am back on indicators and they are necessary for me now, I am so much better than 8 months ago. I am on the 5 minute time frame and trade news and the FANG stocks.
You don’t understand how to use them. They help when prices are crazy and help alot in mid to longer term trading. Ask hedge fund managers if they are useless
Considering indicators are not reliable for predicting future market movements, what alternative strategies or methods would you recommend as the best..? approach to trading?"
If the system works, it works. No matter how you're doing it. Take advice from Mark Douglas. I'm sure order flow works for you but it doesn't mean it's the only way to trade. Close-minded opinions based on your personal experience are bad advice for new traders.
I'm agree with you, I'm using ema indicator for entree and exit TP and SL and wirk fine. When the indicator based on the past the same thing for supports and resistance or ICT or others based on the past. Tell me how you do to draw supply or demande.... Thanks
indicators are not nonsense if you know how to use it. if you have many indicators but don't know how to use the tools. then that's nonsense on the trader not on the indicators. Indicators help traders a lot on making judgement and decision during trading nevertheless, of course it is not 100% prefect but it helps!
I’m profitable with indicators, I ain’t wasting time creating content to teach people though I make more than enough money, all these traders with content and bragging about 6-8 figures are liars 😂😂😂
Till now I only learnt that fuck indicators follow price action, support resistance, patterns and candlesticks and most important thing is build your mindset first
During WW2, Japanese Navy used and plotted indicators on the map to track down the enemies. Everyone use some sort of indicators on chart for indication of past and current market structure. Indicators shouldn't be utilised to win the trade, but just use it for trend indication. One of comments below says so swing trading is BS, Sorry mate, I am swing trader for last 11 year's and I have made more money in my swing trading then long term investment, option day trading. This is my opinion and others opinions can differ.
“Indicators are nonsense”
*BMW driver nods their head*
😂
He drives lambo 💀🤣
@bera2757 the joke went over your head 💩
😂
trust me bro😂 with the help of indicators i’m on my way to making a mill in a year n people think getting shown signs is no help
A trader's best friend is a horizontal line.
Yep i divide my chart by ranges using horizontal lines. That gives my all the context i need.
Tell me more
@@narotomothose horizontal lines don’t make you profitable. You could literally flip a coin and be profitable. All it really comes down to is risk management that will play the biggest part in your career as trader
@@suggondees4882 those line are there just to mark up the ranges. The key is being able to determine which range are actually worth trading. How to enter and how to manage risk is another thing.
😆 I didn't expect to see this comment here, but yeah, that's all I use.
We as algorithmic traders build fixed rule systems that use indicadors and they have been working for the past 20 years. Ofc they dont win 100% of the times, but they have a mathematical hope over the long term
True, you can build profitable algo trading with one or 2 indicators
@@samuelandrek2425exactly, there is no real superior system over the other, there are indicator based traders making millions just using the moving average and some fluctuation in price from the moving average. What makes someone profitable is their risk management and backtested strategy showing them a mathematical edge in the long time
Yea I think he's talking about people who use like 15 indicators and use buy/sell ones
Which indicators do you use in algo...?
@@mujahidhusain6540 bollinguer bands, rsi, moving averages, macd, kelter channel...
True they do lag but they show footprints, confirmations, divergences etc.
Correct usage with market structure and price/action volume and you have a Swiss Army knife.
Sure trading can be done without indicators but I preferred it and it works for me.
Experiment and you will find what works for you.
Exactly, some traders only use 3 EMAs. I personally only use Asia Sessions to see Asia/London/NY highs and lows for the day. Then I just simply use 1 -2 lines on my chart. Learn to spot liquidity. Learn the candles and wicks. Best of luck 🌠🌠💓💓
Sometimes I wish I knew this in the beginning 🤣🤣🤣😂😂😂 levels and areas of liquidity kinda kill indicators
Brother I'm pretty sure footprint charts are not indicators
@@Neil05 they're not IMO but I can see them being called an indicator.
I saw a randomly generated candlestick chart get imported into MT5, and the indicators tried to interpret it 😂 Indicators are garbage.
The bars or candles also formulate after price occurs but we still look at them to gather some information. Indicators do work. People fail to understand when and how to use them
Indicators gives you the same informations as the candles
The challenge in learning trading is that every profitable trader believes that every other person is wrong.
That part
exactly that bro that’s why they say they’re bad it’s because they’re Traditional but if you interpret the use of indicators properly your making a monthly income within a week
Indicators helps a lot ..do what works for you..
can you suggest me some of indicators .
@@Paramjeetsingh-gj2utmy recommendation is research a bunch of indicators but rsi and vwap are great ones so is volume
@@Paramjeetsingh-gj2utmacd and rsi
Why some people say that indicators don't matter @@JohnathanTotten-oh9vy
Saying indicators are useless is the same as saying traffic light and signals are useless because it doesn't move the car.
The 200 ema for 5min and 15min works amazing for entries and exits
Do you just enter when it crosses ?
Not in forex. You'll get chopped to pieces.
Indicators can still help seeing what has happened that’s also important!
Yes it’s Past
But I do need to see the past of the price action!
If you wanna see the past just look left. The candles will tell you everything you need to know.
Price action is what matters always GL
Of course they are not perfect, but show me a better system vs NOT using indicators and I'll believe you. I started earning once I implemented a macd signal strategy along with moving averages. So, your opinion comes off bias without you pointing towards better strategies.
The funny thing is "Price Action" is also an indicator.
Low RSI with higher lows candles are nice actually.
Trading without indicators is like driving with NO street signs.
Depends on the indicator 😊
Not agree. Indicators help a lot
Hope they are making you a profitable trade. Best of luck 🌠🌠💓💓
Some it’s only when people go looking for indicators that say buy or sell those are trash
Help with what exactly? Your lack of confidence?
Helps with confirming your own analysis.
Yeah you confirm your analysis by looking at the candles, the actual data source for the indicator you're using.
Indicators help a lot in showing trends.
I'm a newbie, but it's so complex moving averages, EMAs etc, you can make as much as you want and use different timeframes, crossing lines, but history says not much about the future.
You can tell he's full of himself since he doesn't know the difference between leading and lagging indicators.
Follow economic indicators and judge market..sentiment. Bull or bear. Take your position and hold. Patience is the key.
Being a little late never harms a novice retail trader like me.. I do nothing without indicators.. hope one day I will agree with you but not now
They work fine when as extra confluence with price action
U know ,let me tell u about if indicators are actually good or bad by some real analysis
1.) for an instance take MACD , this indicators is nonsense,that’s what said by him ,now the indicator is invented by that person who ran asset management company having many clients using this strategy for almost 35 years . The first point is this
2. Now secondly as per my experience i believe in backtesting,bcoz that’s the rule of market ,history repeats itself,now using indicators gives u volume ,volatility,trend and momentum changes ,which can take ur trading to next level ,people don’t know how to use indicators ,even they don’t know the momentum and trend indicators ,and have bad discipline or lack of knowledge,got their accounts wiped out ,and say indicators don’t work(I’m not talking about this dude too) I just told all the points ,now choice is up to u
Not gonna lie, what he says is true… But, they help for the bigger wins
A good divergence from MFI or Stoch is a forward looking picture from lagging indicators. Divergence is the only valuable thing that should be considered when using indicators. And that doesn't always work either.
Finally someone that doesn’t say that you put up “these three indicators and you can sit back and wait and let the lines do the job”
Umer brother please educate us price action.
Learn levels!!!!!! ORB is a good starting point apply ORB indicators to your chart and tell me you don't notice the difference
He does not know anything about price action. Don't lose your time here.
@@misaelsanz7898 well dang that's a shot to the gut maybe you should put out information but tbh I think everything works for somebody most people just don't have patience
@hastalavista666. TBH this is why 90% of traders fail!!!! All the methods work but you gotta have patience to wait for your set up
@@trell019 All methods don't work, stop repeating the same wrong line
True! Read the news and feel the flow
I think price action is the 🗝️
Fun fact: EVERYTHING is a lagging indicator. That support zone you drew? Based on previous candles. Candlestick patterns? Visual representations of prices that have already closed. Unless you have a time machine, you are using previous price action to predict future price action.
So what’s the alternative? What do you use?
Without some kind of indicator confluence we are just guessing. I have been trading for many years and if you cannot define specifically what the entry conditions are you are just going on a whim, which is guessing. It is better to define the exact criteria instead of using intuitive guesses.
Mostly true for price-derived lagging indies. Not applies to leading indicators. Example: volume is price uncorrelated leading indi. Again, at times, trader may need to combine lagging+leading indies + a couple of TFs to build a decent system. Cheers
Indicators are history, not theory.
Same as ur trend lines 😂
@@naledikeeyaboipelo28
Same as ur trend lines 🤣
@@stylembonkers1094 😂
@@naledikeeyaboipelo28 😂
@@naledikeeyaboipelo28indicators are Curved Trend line, Next time try to draw a trend line across 50 candles and Set Your all indicators look back period to 50 Close, everything will be exposed
Nah! Rsi for hidden divergence with lower time frame regular divergences to confirm entry along with emas to trade with the trend and you got yourself a hell of a strategy
CPR is the only leading indicator there is.
And it is AMAZING.
It even shows us tomorrow's volatility or next weeks volatility or even the next month's...
There is a few tricks to learn about it and i recommend.
Once you used it, you will never leave it.
Certain combinations of indicators and order flow can produce an edge. An edge is all you need.
Understanding how to read candles and prices can help in most cases. I believe you must have your own system regardless of who teaches you how to trade. No 2 individuals will enter and exit the market at the same price. Human behavior is what makes market moves. Just my thoughts. Use your stop loss to help eliminate losses. Take hope out of the equation. It will take profits and send you home upset.
Absolutely true... I have seen this myself... Never follow charts... I only look for momentum, trend and overall market sentiment... That's it...
I agree but there is traders that do good with them.
Indicators is basically like telling the person their future base on the line on their palms.
You can evade lag by using market structure indicators, like smart money concepts by Lux Algo, it gives not signal in movement, it marks important liquidity areas as order locks and tags structure moves with little tags
the charts are on an algo to find liquidity, once traders learn this, it will save some years of losing. I agree, smart money is the key. 💓💓🌠🌠
Perfect advice, will do a short or video on correlation of markets ? And how to identify ?
Would greatly appreciate your advice
Use what calls to you. Indicators can help to identify market strength or weakness at support and resistance They also serve as guardrails in trends. Almost all professional traders use them.
Depends what ones you use and if you use them in conjuction with Elliott Waves
Elliott waves is bs trust me brother
@@stephen-k Lol
@@stephen-k agreed
No man. Cumulatively volume divergence is not a lagging indication.
If you don't know something ask for a lesson, calling it names doesn't make you wiser
Volume- foot prints 👣
Price is the god, indicators are like priest
I have eliminated all indicators (ATR exception). I am doing pretty well without them. My strategy is extremely simple however.
Can you give insight of your strategy and what time frame
@@utkarshpandey650 it's been a long 8 months. I am back on indicators and they are necessary for me now, I am so much better than 8 months ago. I am on the 5 minute time frame and trade news and the FANG stocks.
indicators just add some confluences when you are trading
You don’t understand how to use them. They help when prices are crazy and help alot in mid to longer term trading. Ask hedge fund managers if they are useless
Considering indicators are not reliable for predicting future market movements, what alternative strategies or methods would you recommend as the best..? approach to trading?"
Machine learning Algorithms,
If the system works, it works. No matter how you're doing it. Take advice from Mark Douglas. I'm sure order flow works for you but it doesn't mean it's the only way to trade. Close-minded opinions based on your personal experience are bad advice for new traders.
I'm agree with you, I'm using ema
indicator for entree and exit TP and SL and wirk fine. When the indicator based on the past the same thing for supports and resistance or ICT or others based on the past. Tell me how you do to draw supply or demande....
Thanks
The perfect indicators is volume!
Track the volunes and it'll show a story behind it.
Thank you very much for the video
100% correct. The only indicator that works is the Price👍🏻😮😊
indicators are not nonsense if you know how to use it. if you have many indicators but don't know how to use the tools. then that's nonsense on the trader not on the indicators. Indicators help traders a lot on making judgement and decision during trading nevertheless, of course it is not 100% prefect but it helps!
Mr Umar I will glad to know if u have any course or training classes pls do let me know
In trading business... Nothing truer than what he Said....
God bless you sir, respect from 🇳🇬🇳🇬🇳🇬🇳🇬
You have to use leading indicators!
jjjjjjj but i know , there is only one indicator that will tell you where the price it going to go before it goes .
Price will go to previous structure. Don't need any indi to tell me that.
Then what strategy you use :( ?
Bro you sound like Captain obvious..
I disagree with you in this one but i know one indicator that i can rely on as a confluence and confirmation
I disagree bcuz I used one indicator and that is the 9EMA and it improves my trading profits exponentially (pun intended). 😂
Been learning how to trade for 3 years now.
1 thing i learned is, Less is More.
You have no idea how much a simple Line can tell you
So positive ev developed around indicators is bullshit? Hate to be that guy I've got a strategy which says otherwise.
I’m profitable with indicators, I ain’t wasting time creating content to teach people though I make more than enough money, all these traders with content and bragging about 6-8 figures are liars 😂😂😂
Please share your strategy and time frame please
Till now I only learnt that fuck indicators follow price action, support resistance, patterns and candlesticks and most important thing is build your mindset first
Indicators work great. You just do the exact opposite when you get a trigger.
Yes i agree❤
Not all holder can earn big. The holders earn big is the inflation price with gouging for few cents extra. That why we have recession
If you don't know how to use it properly, that doesn't mean its bull shit man... Its really helpfull if u inow how to use them...
Agreed
In my Opinion Indicators Are Everything (i still respect urs )
I’ve come to the conclusion I can’t trade. I just don’t get it
Thanks!
Indicators work mostly in back testing and might seem to be the holy Grill after you have tested a sample
One min Live Chart Exposes it all
couldn't have said it any better myself!
Ok I got u.. what to look for to be profitable? Can complete ur statement..pls hahaha this is exactly Indian statement
Long time my charts was like spider nest once I cleared out all indicators just volume ohh my god my trades different 120%
Both CIS and BNF used indicators😊
What is the best way to trade and how to learn to trade well
No such thing as best way to trade. Everyone has their own style. Best way to learn is backtesting.
Learn market structure. Search for videos that teach on market structure and watch them over and over. You will improve a lot I promise you.
Wen you match indicator’s with support and resistance bro you have i higher probability to profit
During WW2, Japanese Navy used and plotted indicators on the map to track down the enemies. Everyone use some sort of indicators on chart for indication of past and current market structure. Indicators shouldn't be utilised to win the trade, but just use it for trend indication. One of comments below says so swing trading is BS, Sorry mate, I am swing trader for last 11 year's and I have made more money in my swing trading then long term investment, option day trading. This is my opinion and others opinions can differ.
Agreeeee 👍👍👍👍👍👍👍
that's definitely true because I lost a lot of money using indicator🤞🏽
finally someone speaking facts !!!
What should we do??
They come here and talk shit after making tons of money, thus they now have enough cash to trade without stop-loss. I do me, you do you.
So what's a better way
If you are going to say something is nonsense, at least give an alternative... What a crappy short.
Dear
Step by step trading for me
I hope that many people see your videos! you are great! Thank you.
God bless you sir😂😂😂😂
And that's why Leon Edwards has the best physique
I lost money on Indicators
Youre using the wrong indicators.