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Hello,
I ran across this forum and had a chance to read some of the articles and view the trading videos posted here. I have to say they were very helpful. Im still debating if I should learn Forex or stick to the e-mini's.
I am looking for some trading advice that can help me get on the right path. I am currently testing out some indicators with the EMA, ADX, and Stochastics. They seem to work very nicely in hindsight. However, I noticed that J.Lee does not use any indicators. Is it possible to trade without any technical inidicators? If so, how would I look for trade signals?
Thank you,
Creso |
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Hello, and welcome to Traders Laboratory. Always happy to hear from a new trader seeking for advice. My advice for you right now is to stop whatever it is your studying. Unlearn and learn. If you become too indicator dependant you will never learn how to trade properly. On top of that you will waste time and money. From my personal experience I find indicators useless. Price action is king. Learn to trade price and not the indicator. That being said, I highly recommend you read books on tape reading, pivots, and market profile. I prefer to use methods not vastly used by the trading public. If you need some recommendations, check out the book review forum. I will be updating the forum hopefully on a daily basis.
Good luck on your journey
