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jgerousis · 01-04-2007, 17:23

NEWEST TIP
PRICE ACTION

Indicators are nice but they are always lagging. All indicators lag for a simple one reason: They represent past data. The indicator cannot predict what will happen the next minute nor the next hour. When someone trades he should look at price action. Price action is the most important thing.

However I am not trying to defame the indicators. Indicators do have a role. They can help traders to better read the chart. So if you are not experienced in chart reading cannot identify patters trends swings based on charts alone then you should use indicators.

But try not to depend on indicators solely when entering trades. Always watch the PRICE ACTION.

01-04-2007, 17:23	#58
jgerousis level 2 Join Date: May 2003 Posts: 194 Downloads: 0 Uploads: 0 Rep Power: 0	Re: how to beat the forex market NEWEST TIP PRICE ACTION Indicators are nice but they are always lagging. All indicators lag for a simple one reason: They represent past data. The indicator cannot predict what will happen the next minute nor the next hour. When someone trades he should look at price action. Price action is the most important thing. However I am not trying to defame the indicators. Indicators do have a role. They can help traders to better read the chart. So if you are not experienced in chart reading cannot identify patters trends swings based on charts alone then you should use indicators. But try not to depend on indicators solely when entering trades. Always watch the PRICE ACTION.