How many indicators are on your charts? | Traders Hideout


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How many indicators are on your charts?

  #69 (permalink)

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Silvester17 View Post

also about the lagging factor. if you prefer to trade pure price action without any indicators, don't forget if you look on the left side of your charts you're looking in the past. and that's what lagging indicators do as well.

Somehow a lot of people don't seem to get this. A trendline is as lagging as a moving average: it tells what price did in the past. So does support/resistance. You have to figure out what it will do now, and you do it in relation to what happened before... which lags the present.


Quoting 
anyway I know successful traders that use a bunch of indicators, but I also know successful traders that use no indicators at all. so my opinion is it doesn't really matter, important is that you're profitable.

This is all that matters, of course.

Bob.

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