Quote from Xspurt:
Yes all indicators work. If they didn't work they wouldn't indicate anything would they?
They work on all time frames and tell you everything you need to know. You can have two candle stick patterns that are exactly the same but the indicators tell you to expect different results.
Indicators are wonderful things. Everything can be improved with an indicator - space craft, jets, tanks, guns, cars and even charts. All it takes is some blood, sweat, tears and time to get the real juice out of 'em.
Indicators can anticipate chop, trade through chop, spot trends before they develop, catch tops and bottoms, help you hold on to a winning trade, tell you if a counter trend scalp is worth while and if you are with the trend or counter.
Nothing can delve into context like an indicator can. You fly better with 'em and you can trade better with "em.
Next someone will want the golden goose for free
Yes, you fly better with them.
I would never trade without my holy indicators.
I really respect those price action traders, if they are successfull constant. Wow, crazy shit.
I would lose all my money with it.
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Indicators are just instruments, the quest is if you REALY know how to read them, or in other words, do you have any statistical data to verify your beliefs of what you think the indicators are telling you, or is it just a poop of your braincells ??????
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Why not use indicators, they can give you more informations, But not must, only if you know what you are looking for.
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Only the successfull traders understand that trading is all about statistics, they usually made a lot of statstics with hundreds of examples to verify real working trading setups and strategies.
If you dont do that, you will never understand what the background of it is, at all.
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This game is all about informations. And it is a fact that all informations are in the price and the price have always a Plan.
Thats the reality of the matrix of the markets. Its all about testing and retesting.
Yes there are patterns in the markets, NO, the market itself is a pattern matrix of many different patterns that move in each other constantly all the time, to fullfill each of them in a fullfilling prophecy manner.
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Yes, you fly better with them. FLY FLY FLY to the SKY