I've been trading fx for over a year now and feel that I have reached a point where my trading is becomming consistantly profitable. The one thing that I noticed that has made the biggest difference in my trading is the lack of indicatiors I now use. When I first started I was obsessed with finding the perfect EA or the best combination of indicators ( which usually overwhelmed my charts ). I slowly started to peel away the indicators and focus on price action and support/resistance. Had I followed this strategy from the beginning I would have saved myself about 9 months of frustration. I was just curious if anyone else has had a similar experience and if you would reccommend just focusing on price action. I'm not knocking EA's or indicators but I think they take you're attention away from price action, which ultimatly plays a more important role.
- #2
- May 24, 2007 6:30pm May 24, 2007 6:30pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts