What do you prefer between pure price action and indicators?
What do you prefer between pure price action and indicators?
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?
It doesn’t really matter of what’s your preference because in the end, if you have tried both of them and whatever works for you is the one that you should use. If price action is the one that’s making you more winning trades then you should stick to it. Otherwise, if you’re too good with indicators then there’s no need for you to go that far and just keep on doing all of those strategies that are very beneficial for you.
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.