With and without trading indicators - Opinions

[elisab]

it is possible. you simply create your very own reference points. it is applicable in any time frame.

The amount depends on many factors: which market you want to access in real time, the functions that you want to activate, etc. ... I think we are around 2.000 and 3.000 $ monthly.

 

[Triantus Shango]

just goes to show i still have a lot to learn. i'm wondering now whether indicators are making me lazy...

it is possible. you simply create your very own reference points. it is applicable in any time frame.

 

[Triantus Shango]

or that you didn't end up in the bermuda triangle of trading.

Nice analogy. Just make sure your compasses aren't broken.

 

[FringFX]

The amount depends on many factors: which market you want to access in real time, the functions that you want to activate, etc. ... I think we are around 2.000 and 3.000 $ monthly.

That's a lot of money for Bloomberg platform, given that I can trade pretty ok on MT4

 

[FringFX]

just goes to show i still have a lot to learn. i'm wondering now whether indicators are making me lazy...

we all have a lot to learn still
on the contrary, sometimes indicators may make you work more/analyze more or over-analyze, lol

 

[elisab]

The trend of Jpy shows how the exchange rate is tied to macroeconomic data and declarations. The oscillators are not involved, while there is a hope that the BOJ intervenes with new liquidity.

 

[itkraze]

It is surely possible to trade without any indicators. I am myself often trade on daily time frame and I don't use too much of indicators. Only some EMA but that is only for trend guidance.

 

[elisab]

Especially in these days, and mainly on emerging currencies, we are witnessing movements that are not in line with the indicators signals. When central banks are involved, indicators are almost useless...

 

[itkraze]

Especially in these days, and mainly on emerging currencies, we are witnessing movements that are not in line with the indicators signals. When central banks are involved, indicators are almost useless...

Whether central banks are involved or not, we can trade successively using price action candle stick patterns, that don't rely on indicators. Indicators also work fine but price action is more reliable.

 

[elisab]

Whether central banks are involved or not, we can trade successively using price action candle stick patterns, that don't rely on indicators. Indicators also work fine but price action is more reliable.

I believe that the technique of candlesticks requires the support of the indicators. Very often false breaks could be avoided by a careful analysis of RSI, ADX, moving averages, etc.