Why I trade with candle sticks and no indicators - Page 374
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Thread: Why I trade with candle sticks and no indicators

  1. #3731
    Trading is something we need to be done with many signals from the market and naturally such kind of thing will not be simple or even easy. If we see some condition in the market then we want to see several confirmation before we can become brave enough to trade. And that is why some traders trade with candle sticks. But personally speaking, this is not enough at all as more and more mistakes will come with this alone.

  2. #3732
    Trader
    Join Date
    Aug 2018
    Posts
    2,122
    If traders will watch the videos of other experienced traders in any youtube channel so they will see that most experienced traders use candle sticks and charts without indicators. The reason is that these traders do not need indicators because all information is written in the form of candle sticks and chart and trader can do analysis well.

  3. #3733
    Trader
    Join Date
    Aug 2015
    Posts
    5,160
    In forex trading, if we really want success then we must need get knowledge, learning and improve our trading skills that really help us in trading and we can earn a huge amount. I believe that indicator can make me a lot of money but after trading with indicator for some times I now notice that without a better understanding about the market myself no indicator can work for me.

  4. #3734
    This is traders choice that they want to use indicators or they want use candlestick trading methods in trading. I like use indicators in trading because they are give us best trades and help us to trade according to the market trend. That is reason I always like to trade with indicators and according to the market direction and my indicator is give me best trades.

  5. #3735
    Trader
    Join Date
    Oct 2017
    Posts
    2,838
    Indicators are never give us good result in trading that is reason now mostly traders are like to work with candlestick chart patterns and its types. We must follow the market trend with good planning and use those trading methods that are give us easily good money and use candlestick chart patterns with higher time frames traders will get good result in trading.

  6. #3736
    Quote Originally Posted by isaac View Post
    Indicators are never give us good result in trading that is reason now mostly traders are like to work with candlestick chart patterns and its types. We must follow the market trend with good planning and use those trading methods that are give us easily good money and use candlestick chart patterns with higher time frames traders will get good result in trading.
    Yes ,you are right dear. Indicators are really helpful in trading and with the help of these indicators we can develop new trading strategies . Actually indicators help us to analyse the market and to predict the upcoming moves of market by calculating the trend . We can also trade with the help of candlestick patterns and it is also best for effective trading . I believe that trading with the help of candlestick patterns is better option for long term traders and trading with the help of indicators is best for scalpers . Learning is necessary and we can select trading method according to our behaviour ,requirements and the method that we feel easy .

  7. #3737
    It is one of best way for experience trader only because if we are using daily candlestick pattern and there is no indicator in trade we have option of wining , we must have to make our plan very well , with practice and with enough learning we chose our trade strategy in favor so we all should make every trade very carefully.

  8. #3738
    Quote Originally Posted by tejaravi View Post
    In this unlimited market if we trust on limited resouces so that will decrease our chances of wining, you are right about it that only candlestick does not give trader always wining and overall success to us , but if we want to work safely in this market we develop other resources as well for trading smoothly and for highly earning .
    But we should work for willing the better earning ratios and in this regard we have to control on the risks and having the better skills of learning and better experience will help us in making the profitable trade so we should use the candlestick patterns which indeed very important for taking the benefits and earning from them more progressively.

  9. #3739
    The way traders trades in the market determines their success. I don't think there is any special way to being profitable, all I can see are just different trading methods that we have gotten for ourselves and then the learning we will be needing to become profitable. Trading with the use of candle is really good and profitable, however the trader just have to have other means by which they can confirm all trades before taking them.

  10. #3740
    Candlesticks pattern with the trend line is a good and effective strategy to make use of, this trading style is very profitable we can make good money from this trading strategy, it's not necessary that we must use indicator to trade before we can earn, I prefer using the candlesticks with trend line with no indicator, because using indicator with the candlesticks pattern will only make things difficult for me.

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