“Indicators are nonsense” *BMW driver nods their head*

A trader's best friend is a horizontal line.

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 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.

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

The 200 ema for 5min and 15min works amazing for entries and exits

Saying indicators are useless is the same as saying traffic light and signals are useless because it doesn't move the car.

Price action is what matters always GL

The challenge in learning trading is that every profitable trader believes that every other person is wrong.

Indicators helps a lot ..do what works for you..

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!

The funny thing is "Price Action" is also an indicator.

Depends on the indicator 😊

Indicators help a lot in showing trends.

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.

Low RSI with higher lows candles are nice actually.

Follow economic indicators and judge market..sentiment. Bull or bear. Take your position and hold. Patience is the key.

Umer brother please educate us price action.

True! Read the news and feel the flow

I think price action is the 🗝️

Trading without indicators is like driving with NO street signs.

You can tell he's full of himself since he doesn't know the difference between leading and lagging indicators.

So what’s the alternative? What do you use?

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

I agree but there is traders that do good with them.

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.

Not gonna lie, what he says is true… But, they help for the bigger wins

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.

Absolutely true... I have seen this myself... Never follow charts... I only look for momentum, trend and overall market sentiment... That's it...

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

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”

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.

Thank you very much for the video

God bless you sir, respect from 🇳🇬🇳🇬🇳🇬🇳🇬

Volume- foot prints 👣

Perfect advice, will do a short or video on correlation of markets ? And how to identify ? Would greatly appreciate your advice

Considering indicators are not reliable for predicting future market movements, what alternative strategies or methods would you recommend as the best..? approach to trading?"

Indicators are history, not theory.

Certain combinations of indicators and order flow can produce an edge. An edge is all you need.

Mr Umar I will glad to know if u have any course or training classes pls do let me know

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.

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

In trading business... Nothing truer than what he Said....

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

Agreed

Depends what ones you use and if you use them in conjuction with Elliott Waves

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.

Yes i agree❤

Indicators is basically like telling the person their future base on the line on their palms.

Bollinger Band. That's all I'm going to say.

Agreeeee 👍👍👍👍👍👍👍

finally someone speaking facts !!!

What is the best way to trade and how to learn to trade well

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

You have to use leading indicators!

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.

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.

Thanks!

100% correct. The only indicator that works is the Price👍🏻😮😊

No man. Cumulatively volume divergence is not a lagging indication.

The perfect indicators is volume! Track the volunes and it'll show a story behind it.

I have eliminated all indicators (ATR exception). I am doing pretty well without them. My strategy is extremely simple however.

indicators just add some confluences when you are trading

I hope that many people see your videos! you are great! Thank you.

If you don't know something ask for a lesson, calling it names doesn't make you wiser

Price is the god, indicators are like priest

Both CIS and BNF used indicators😊

In my Opinion Indicators Are Everything (i still respect urs )

so what would you use then or have us learn

Dear Step by step trading for me

God bless you sir😂😂😂😂

TRUE!!

What should we do??

that's definitely true because I lost a lot of money using indicator🤞🏽

couldn't have said it any better myself!

Then what strategy you use :( ?

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

It does

jjjjjjj but i know , there is only one indicator that will tell you where the price it going to go before it goes .

Finally Cool training wheels

Exactly

Long time my charts was like spider nest once I cleared out all indicators just volume ohh my god my trades different 120%

Well said

Wen you match indicator’s with support and resistance bro you have i higher probability to profit

Truly

how do you feel about vwap?

Bro you sound like Captain obvious..

Always look at order flow

I agree

What 😂

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

So what's a better way

*XAUUSD Gold New Intraday Idea Bearish 30+ Pip Running Profit*

Indicators work mostly in back testing and might seem to be the holy Grill after you have tested a sample

32:01

Crawford is going down !

Ok I got u.. what to look for to be profitable? Can complete ur statement..pls hahaha this is exactly Indian statement

I disagree bcuz I used one indicator and that is the 9EMA and it improves my trading profits exponentially (pun intended). 😂

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!

So positive ev developed around indicators is bullshit? Hate to be that guy I've got a strategy which says otherwise.