Trading Without Using Indicators - page 5.

rodel caling

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Quote from: creeps on January 25, 2019, 10:40:52 AM

This is just a normal 1month chart of Bitcoin.
No indicators are being used.

I’ve been trading for almost 2years now and I can say, I can now trade by just looking at the chart without using any indicators, i don’t know why I was able to do this but I think this is normal after reading a lot of books, watching youtube tutorials about trading and so many failed trades.

This post is not to bragged anyone, this is meant to inspire people not to give up on trading or not to depend to anyone. If you really want to know more about trading, then you should take more effort. I didn’t learn trading overnight it took me almost 2years before I can confidently trade. Always start with a small step and in time, you can also trade without using any indicators.

The secret to got success in trading specially now the condition of crypto crisis situation is patience set aside the feelings during monitoring the chart and your thought is the plus factor to become successful in trading, never give up and surrender until can't achieve the goals.

Yatsan

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Quote from: bitcampaign on January 25, 2019, 01:12:22 PM

Seeing what you say is that experience becomes your best teacher as long as you learn about how to trade well, I also do the same thing as you are learning from every trade mistake to get a better experience, at least I can get a fixed profit without having to look an indicator

With 2 years of involvement on the market there is no doubt you can trade whenever you want and you can time your selling on high point area. When beginning on this kind of industry we are entitled to commit mistakes of course no one becomes a master in one try thus we are gaining experiences to it. I'm trading for about 3 years now and my market instinct is as good as professionals.

carlfebz2

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Quote from: creeps on January 25, 2019, 10:40:52 AM

~snip~

Even I would able to trade without indicators with just having to spot out a particular time frame.In all of our experience specially if we did try in the past using some
indicators you would really come to a point on where even you wont set out technical tools with your eyes can already identify. Just using support and resistance on imaginary phase
will already give you the hint. Even forming triangle set-up will easy to spot out.

letecia012

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Experienced is the best teacher you can be effecient ij your trading career by just reading and watching video tutorials. You need to do it by yourself personally and apply what have you learned from the books and at the end of the day your day to day experienced will help you mold to become an expert trader.

danherbias07

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I think I have done this before with commodities only.
But with crypto, I always use the indicators. Thanks for sharing though.

It might be because of your experience and that is why you can do it all without even having a difficult time. When you are already used to what you have been doing, it doesnt matter anymore where the indicators at. Just like you said, the chart can tell it all. Grin

NewRanger

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Quote from: Capt00 on January 27, 2019, 11:19:16 AM

Quote from: izanagi narukami on January 27, 2019, 11:09:51 AM

Trading without using indicator is like guessing price like gambling
The function of indicator is prevent major loss and control your trading management.

But in crypto , everything is more risky because the value is volatile ( depend on supply and demand )

You are right there, you can use indicator as a reference guide when are in trading but always remember don't stick on the indicator much better if you have your own research on choosing the right coins in trading. Since cryptocurrencies is a highly volatile there's no reason you can't earn a profit even you use indicators or not.

technical indicators should combine with support and resistance technique.usually big players use this strategy to maximize their best position to enter market.

mirakal

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Everyone has different style in trading and if that works for you then you have to be thankful as life is easier for you as a trader.

Some has to have a lot of sources to analyze the price before making a decision and it does not even guarantee them to guess the right price movement.
Watching videos are reading books really helps a lot, it does not need to follow the basic in terms on how to analyze because what's important is to come up with a profit, regardless of our strategy, you are one of the genius in trading mate, good luck on your journey.

Capt00

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Quote from: izanagi narukami on January 27, 2019, 11:09:51 AM

Trading without using indicator is like guessing price like gambling
The function of indicator is prevent major loss and control your trading management.

But in crypto , everything is more risky because the value is volatile ( depend on supply and demand )

You are right there, you can use indicator as a reference guide when are in trading but always remember don't stick on the indicator much better if you have your own research on choosing the right coins in trading. Since cryptocurrencies is a highly volatile there's no reason you can't earn a profit even you use indicators or not.

izanagi narukami

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Trading without using indicator is like guessing price like gambling
The function of indicator is prevent major loss and control your trading management.

But in crypto , everything is more risky because the value is volatile ( depend on supply and demand )

Oceat

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Practice makes you really perfect in that field. After all of those failed attempts, you are now in a different level of traders in the market. Hard works really pay off at the end of the day. I wonder if you could make a lot of fortune now since you can trade without any indicators. So what is the difference of your profit when you are not using indicator vs using some indicator?

Obiwankenodium

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Quote from: bitbunnny on January 27, 2019, 06:54:23 AM

Quote from: Hivalley on January 26, 2019, 03:54:51 PM

Even as a beginner with no experience in trading,i would not still advice one to trade using trading signals,such signals could really be deceptive and misleading atimes,and could lead to huge losses
Instead of trading indicators,its best one learns the various trading strategies and analysis closely and put them into practice,and with time you'll learn the ropes and be able to trade without them.
Trading is very delicate,closely checking the pros and cons of every technique uses is vital

I agree with that. People just rely too much on trading indicators, preductions, charts and analysis and sometimes even follow them without any thinking. And that often don't bring you profit but losses..
The only way you will come successful trader is your own experience. I'm not saying that you don't need any knowledge and basic information, strategy and plan, but time spent on the market and learning on your own experience and results will give you the best guidelines how to behave as a trader.

the problem with signals when you blindly follow them is the managing of the trade when it doesnt go according to the original plan.

I sometimes do use them for confirmation of my own bias though.

bitbunnny

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Quote from: Hivalley on January 26, 2019, 03:54:51 PM

Even as a beginner with no experience in trading,i would not still advice one to trade using trading signals,such signals could really be deceptive and misleading atimes,and could lead to huge losses
Instead of trading indicators,its best one learns the various trading strategies and analysis closely and put them into practice,and with time you'll learn the ropes and be able to trade without them.
Trading is very delicate,closely checking the pros and cons of every technique uses is vital

I agree with that. People just rely too much on trading indicators, preductions, charts and analysis and sometimes even follow them without any thinking. And that often don't bring you profit but losses..
The only way you will come successful trader is your own experience. I'm not saying that you don't need any knowledge and basic information, strategy and plan, but time spent on the market and learning on your own experience and results will give you the best guidelines how to behave as a trader.

Wafilian

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Hard work is the most important key to success.

Quote from: creeps on January 25, 2019, 10:40:52 AM

This is just a normal 1month chart of Bitcoin.
No indicators are being used.

I’ve been trading for almost 2years now and I can say, I can now trade by just looking at the chart without using any indicators, i don’t know why I was able to do this but I think this is normal after reading a lot of books, watching youtube tutorials about trading and so many failed trades.

This post is not to bragged anyone, this is meant to inspire people not to give up on trading or not to depend to anyone. If you really want to know more about trading, then you should take more effort. I didn’t learn trading overnight it took me almost 2years before I can confidently trade. Always start with a small step and in time, you can also trade without using any indicators.

The blank chart I mean Price Action trading one of most effective trading strategy, Indicator help traders finding out the major trend, an indicator not a bad thing.

Indrawan77

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Well indicators could help you to see the reversal and when the trend is going to change, there are traders that trade without indicator, they used price action, if you are really good in price action then you can know the market movement without indicator, but its still recommended to learn about indicators, it is really useful to combine price action and indicators

wayaneka

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Trading without using any Indicators is called naked trading, although without indicator we can still determine support and resistance by to see price pattern, and to be more easy to know suport and resistance area we can use only trend line. Good analysis in trading is not to understand how to use many different indicator but to understand the trend and price action. Naked trading can be work better if we using daily time frame for swing trading.

AhmadM

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Quote from: creeps on January 26, 2019, 06:07:06 PM

Quote from: AhmadM on January 26, 2019, 01:14:15 PM

Trade without indicators is too difficult for me, im not expert in trading and dont have much experience there. If I try to trading with your style, I'll just get big loss.

You may not be expert right now but soon if you just continue to work on that one.
I’m not saying to trade with my style, what I mean is that I’ve got this skills through hard work and for almost two years of learning, so this mean trading is not easy just like what others thought and if you just work hard on this, you will enjoy this kind of skills in the future.

Yeah, I know. You have created this thread was not for suggesting others to use the same style in trading like you. You created it just for inspiring and share your experiences in trading to others.

kolesozw

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I make 95% and more of my trades without using any indicators because almost all indicators are made for regular markets. Bitcoin is not a regular market, because rates could be manipulated with just few millions or even less. It's impossible to do the same on FX markets with so small amounts. And I could say I'm doing good at my eyes.

herurist

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People will find their way to make money and many people still not found it because not believe their skill or depending their decisions into bot/ public opinion. When people can take lesson from their experience it will create new person with old method, the person have different mindset & calculation but not the method. I hope your post can give others new side of trading world, just never give up.

imstillthebest

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Quote from: AhmadM on January 26, 2019, 01:14:15 PM

Trade without indicators is too difficult for me, im not expert in trading and dont have much experience there. If I try to trading with your style, I'll just get big loss.

You are a good example for this topic . trade without indicators is the same as trading randomly or blindly , thats why even a newbie and uneducated person can do this effortly. Though in my case id rather play gambling because i can won larger amounts when compared to trading while the market is still in dump state because i cannot really earn enough knowing that i wont use indicators .

creeps

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Quote from: AhmadM on January 26, 2019, 01:14:15 PM

Trade without indicators is too difficult for me, im not expert in trading and dont have much experience there. If I try to trading with your style, I'll just get big loss.

You may not be expert right now but soon if you just continue to work on that one.
I’m not saying to trade with my style, what I mean is that I’ve got this skills through hard work and for almost two years of learning, so this mean trading is not easy just like what others thought and if you just work hard on this, you will enjoy this kind of skills in the future.

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