Are the PA, S/R and candle formations the key to be successful traders?

Many time we try all those SuperExtraFullTrendPredictingHolygrailIndicator.mq4 , one after another filling our charts, and seeing how give us signals too late sometimes.

Maybe the only thing we need is to learn to "traslate" what price is telling us.

What you think?

Of course I just speaking about tecnical analisis .... Apart of this, we need Money Management, Psychology, Discipline, etc ...

Indicators can work too, if you know how to use them.

Still, every trader should be familiar with PA, S/R.

There is a wonderful exercise you can do to answer your own question.

Figure out what your entry criteria is for the PA, S/R and candle formations. Get the chart entry criteria for a very, very good trade using those tools.

Then go and find 30 of those best trades that worked out wildly successfully.

Then go and find 30 of those trades using the same criteria, only this time they turned into small losses or terrible losses. Now you may ask if the entry criteria is so good, then you shouldn't suffer that many losses?

That is true, but the exercise isn't about consecutive winners or losers.

Just find 30 of those great trades using your criteria, no matter over how many years they occurred.

Then find 30 of those examples that broke even.

Then find 30 of those examples that failed miserably.

Finally, at the end of the exercise find the reasons "why" those 30 trades broke even, and those 30 trades failed miserably, even though they had the exact same chart setup criteria as the 30 good trades.

The answers you seek, will not be found on a chart.

if your indicators assist you with objective continuous analysis, i would say use them.

if your indicators are doing the analysis for you, and you have no idea what they are analyzing, you just know that its over bought or over sold. then no don't use them.

Support is not really support
Resistance offers no resistance.

your risk reward will never be greater than 1:1, i do not care what others say, and they are welcome to debate this with me.

charts are nothing but plotted quotes, a record of price movement that offers a visual representation of what market has done in the past.
fundamentals are nothing but factors that can potentially affect the influx of capital, which in turn is printed on a chart