You ever wonder why there aren't more people trading without indicators? It seems like as we've progressed in the trading world, we definitely got a big boost in technology. We've got thousands of indicators in our charting platform. The majority of them, we don't even know what they do. It's like we use these incredibly expensive charting platforms as bragging rights. So we can say to our friends "Hey Bob, you know I use TradeStation, right?"
How did it get to this point? That we have to spend hundreds if not thousands of dollars a month, on data feeds, subscriptions, newsletters. magical indicators, etc.. What happened to just looking at a simple bar or candlestick chart? Is that just too prehistoric?
Well, let me tell you, if you look back at the history of trading and investing, you can see the ones that kept it the most simple were the ones that had the most success to show for it. It's not a question of "when these 2 moving averages cross each other, I'll buy". It's a question of what is the price doing? What is it that its doing that tells ME (Not an indicator) it's going to move in a certain way?.
Traders used to be able to do this on the market floor. How do those indicators look now, when there are people who could just listen to the movement of the price and trade successfully. If it can be done without any visual aids, it doesn't seem that difficult to accomplish by bar chart.
Click Here to see what I used to learn how to trade without indicators. |
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