fbpx

Price action trading is the only non-lagging indicator

Price action trading is the only non-lagging indicator

Price action trading is almost everything. Price action trading is the only non-lagging indicator. Most traders love technical indicators and oscillators. I have seen many traders excited when they discover a new tool to drag on their charts, adding all sorts of colours, lines, and arrows all over the place. However, the absolute truth is that everyone is searching for a fictitious “holy grail indicator” that will remove the anxiety from making an educated trading decision.

An indicator or oscillator is a mathematical calculation based on a security’s price and/or volume. The result of this calculation is used to “predict” future prices. Conventional technical analysis indicators are moving averages, MACD, RSI, Bollinger Bands, etc. Most indicators are derived from prices on the chart, meaning that they are “unnecessary” and/or reflect past information that can be read on the charts.

Price Action Trading is almost everything

As you probably know, your relationship with indicators may have developed into a love/hate relationship when nothing lived up to your expectations. And then this relationship probably escalated into a vicious hunt for the “perfect indicator” – expending a lot of wasted energy searching for the perfect indicator to provide you with high-probability entries without any effort.

Watch the video analysis below to learn more about price action and supply and demand imbalances.

Related Post

Disclaimer

Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Get Free Trade Ideas

Don’t miss out on the next big trade. Subscribe to our Newsletter.

New Book Out Now! Master Stock & Forex Trading with the Power of Supply and Demand!