DislikedTRADERS FAIL BECAUSE THEY USE INDICATORS ABOUT PRICE ACTION. Past price action that means NOTHING. The only traders that make money using this crap are risk management specialists that use fibs (for discount) and do some news sentiment work. But reality is even they have no idea really and wont make much as they are too scared to trade a 5m chart. if you use the following stop. - fibs - stochs - macd - renko - gann - elliot wave - trendlines - any other lagging indicator anout PAST price actionIgnored
you are joking, or?
so all trader that trade with the chart are also very stupid, because price chart is nothing more then past price action.
so with your theory you can only use macroeconomic features and economic news to trade in longterm, all other like charts you cant use for trading.....?
i have never heard someone dont use a chart, because it shows only past price action. and offcourse indicators are only price action showed in different kind - so nothing different like the chart, only different if you want so buy your calculating method.
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