What do you prefer between pure price action and indicators?
What do you prefer between pure price action and indicators?
There are two groups of traders: those who like to use indicators and those who prefer price action only.
Traders who use indicators say they provide accurate entry and exit signals but may sometimes lag. Price action traders argue that indicators rely on price data and thus are unnecessary.
What do you prefer: price action only or indicators?
Bianka Travis Answered question July 4, 2024
In the end, this is a matter of personal trader preference, experience level and market interpretation between PA only and lagging/leading indicators. Both are popular with traders so many people use a combination of both, as price action analysis can be complemented by indicators. To develop an effective trading strategy, we must realize that both methods have their own pros & cons.
Kevin Sung Answered question July 4, 2024