DislikedI must straighten you out on the indicator issue.
You are absolutely wrong!
I have worked with almost every indicator there is.
I have written my own EAs based on indicators,
tested them, analized every single trade, Profit and Loss,
I really do know how indicators work! From the inside!Ignored
You seem to be missing the point....the candles themselves are lagging indicators. There can never be 'leading' indicators, that is clearly impossible. Some people fall into the trap of thinking that candles are the be all and end all of trading and they are mistaken......as I have said, candles are lagging indicators just as everything else we retail traders have access to...they can only show the price action as it was in the past (extremely recent past of course).
Yes, moving averages lag too, but not due to any delay or listing further down the pecking order in receiving the data, they lag because the are taking the AVERAGE of the past action and displaying it. The longer the period of the MA, the more the lag, but not due to any inherent delay in processing the data, the delay is due to the period selected. A 200 MA will seem to lag more than a 2 ma .......nothing to do with anything other than the period chosen by the user......the calculation for either MA is chicken feed for even a low end computer to take care of.
Moving averages, stochastic, rsi etc have been around a very long time and were developed by people far more clever than you and I, and are still in widespread use in the banks, brokers and hedge funds etc etc all over the world. Japanese candle's are also used in this way, from their humble beginnings (more or less) in the rice houses of Japan.
The point to my original post was not to get into the finer points of how indicators work but to explain to you that indicator trading can be a very profitable way to trade and also is a valid way to trade. Not everyone loses who trades with indicators as you erroneously stated, anymore than everyone who trades with candles and price action.
There is no right or wrong way to trade.....there is only profit or no profit. Please do not assume to make such silly statements as:
* People tend to look for something which, like traffic lights, will tell them
when to Go and when to Stop. They rely on indicators, and lose their money.
* After some time you will see for yourself how useless the indicator had been.
These statements are wrong and they are arrogant. *YOU* clearly think that you understand price action and that's the way you wish to trade....and that's fine. I understand the indicators that I use AND the price action and that is the way I trade. As I said, I can trade with no candles at all on the chart.....I can trade just with the indicators and still turn a profit at the end of the week.
All indicators lag......there are no leading indicators, and into this category fit's candles as well. Whether you like it or not, it is a fact.
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