Price Action or Indicator? | Forex Factory

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Price Action or Indicator?

  • #1
  • First Post: Nov 25, 2016 8:49am Nov 25, 2016 8:49am
This is not a PA vs Indi, so I've read some statements that both are just the same (lagging). I have a dilemma that which one I should use? PA? Indi? or both?
I've tried each one of them and taking some conclusion:
1. If I trade with PA only, I have a good positioning but sometimes trend analysis are subjective
2. If I trade with indicators, I have a bad positioning (pretty bad) but trend analysis seems easier and objective

So, can anyone explain or giving solution to my problem?
  • #2
  • Nov 25, 2016 9:17am Nov 25, 2016 9:17am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting IPMan
I have a dilemma that which one I should use?
There's no real answer.

It belongs to the trader to find his own way. Try everything and when you are comfortable with what you found - no matter price or indicators - just concentrate on it.

Some traders are more comfortable with price only ... while other profit from indicators.

What will make you profitable will be your way.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Nov 25, 2016 12:55pm Nov 25, 2016 12:55pm
Quoting FerruFx
{quote} There's no real answer. It belongs to the trader to find his own way. Try everything and when you are comfortable with what you found - no matter price or indicators - just concentrate on it. Some traders are more comfortable with price only ... while other profit from indicators. What will make you profitable will be your way.
+ 1

Never Gamble Forex
  • #4
  • Nov 25, 2016 1:00pm Nov 25, 2016 1:00pm
Maybe this will help you:
http://www.babypips.com/school/middl...ndicators.html
Trading is not for everyone.
  • #5
  • Nov 25, 2016 4:19pm Nov 25, 2016 4:19pm
Quoting ikouki
Maybe this will help you: http://www.babypips.com/school/middl...ndicators.html
Yes thankyou for your reply, I have read that before but still in fact both price action and indicator based on recent candlestick.
  • #6
  • Nov 25, 2016 6:43pm Nov 25, 2016 6:43pm
Quoting IPMan
{quote} Yes thankyou for your reply, I have read that before but still in fact both price action and indicator based on recent candlestick.
I feel using OR NOT using indicators NOT Being a problem, Be Important is how to understand the psychology of the market. Learning experience to understand and be candlestick mater is the main base in understanding the market, because the data used by the indicator is OHLC which means that the indicators use the data OHLC for the calculation algorithm. Please download (12 G) this link first (before missing link) : http://forexwinners.net/forex/steve-...-stick-charts/
after that's certainly any indicator which is used easily understand it (of course, need to know how to calculate and how to use indicators). hope enjoy...study...study....study.........
The Average Discount Everything
  • #7
  • Nov 25, 2016 7:30pm Nov 25, 2016 7:30pm
Quoting hesron
{quote} I feel using OR NOT using indicators NOT Being a problem, Be Important is how to understand the psychology of the market. Learning experience to understand and be candlestick mater is the main base in understanding the market, because the data used by the indicator is OHLC which means that the indicators use the data OHLC for the calculation algorithm. Please download (12 G) this link first (before missing link) : http://forexwinners.net/forex/steve-...-stick-charts/ after that's certainly any indicator which is used...
Wow nice resource that you have, I'll learn from it

But anyway, elliott wave also trying to recognize market pschology pattern isn't it?
  • #8
  • Nov 26, 2016 4:05am Nov 26, 2016 4:05am
Quoting FerruFx
{quote} There's no real answer. It belongs to the trader to find his own way. Try everything and when you are comfortable with what you found - no matter price or indicators - just concentrate on it. Some traders are more comfortable with price only ... while other profit from indicators. What will make you profitable will be your way.
Succinctly put.

Thanks

PS: Out of curiosity, the profile picture, is it you? It just reminds of a protagonist of the old bad ass kung fu movies.
  • #9
  • Nov 26, 2016 4:19am Nov 26, 2016 4:19am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting aaven
{quote}Out of curiosity, the profile picture, is it you? It just reminds of a protagonist of the old bad ass kung fu movies.
Yes! My profile picture is Yul Brynner ... Yul is the nickname given to me by my work mates few decades ago ... and this picture is still following me. Was a big fan in the 70's and 80's ... watching his movies with my father!
MT4/MT5 EAs/Indicators/Alerts coder
  • #10
  • Nov 26, 2016 4:21am Nov 26, 2016 4:21am
If you dont want PA or indi then its sure you are trying to find reasons of the move... try order flow using depth of market.
In the court of lord, only love and devotion is counted...
  • #11
  • Nov 26, 2016 4:50am Nov 26, 2016 4:50am
Quoting FerruFx
{quote} Yes! My profile picture is Yul Brynner ... Yul is the nickname given to me by my work mates few decades ago ... and this picture is still following me. Was a big fan in the 70's and 80's ... watching his movies with my father!
Thanks Ferrufx.

I see on your profile that you have coded 1000's of EA. From what i have read so far, the general consensus seems to be there is no such thing as a profitable EA or for that matter no successful automated system. What is your take on this as your opinion carries a lot of weight considering your humongous experience.

Have a nice weekend.
  • #12
  • Nov 26, 2016 5:21am Nov 26, 2016 5:21am
Quoting nadiyakinare
If you dont want PA or indi then its sure you are trying to find reasons of the move... try order flow using depth of market.
Do you mean one of metatrader 4 UI?
  • #13
  • Nov 26, 2016 5:22am Nov 26, 2016 5:22am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting aaven
{quote} What is your take on this as your opinion carries a lot of weight considering your humongous experience.
That's no really the right thread to discuss about this ... But anyway, I code strategies based on traders request ... without info prior or after if it is profitable. That's the strategies which is making the profit (or loss), not the code.
MT4/MT5 EAs/Indicators/Alerts coder
  • #14
  • Nov 26, 2016 5:28am Nov 26, 2016 5:28am
Quoting nadiyakinare
If you dont want PA or indi then its sure you are trying to find reasons of the move... try order flow using depth of market.
Is it some kind of "orders map" to know where the prices are going? If yes then it will be useful I think...
  • #15
  • Nov 26, 2016 8:22am Nov 26, 2016 8:22am
Quoting IPMan
{quote} Is it some kind of "orders map" to know where the prices are going? If yes then it will be useful I think...
not of mt4. please do some information search for order flow and depth of market on Google.
In the court of lord, only love and devotion is counted...
  • #16
  • Nov 26, 2016 8:54am Nov 26, 2016 8:54am
Quoting nadiyakinare
{quote} not of mt4. please do some information search for order flow and depth of market on Google.
found it... mt5 right?
  • #17
  • Nov 26, 2016 11:04am Nov 26, 2016 11:04am
the market constantly repeats itself. find a system you're comfortable with and let it repeat and repeat. Use some money common sense and pick a session you can handle. Most hikers like worn trails. easier and safer. Patience is so important trading Forex as it ranges most times. Unless you trade ranges..) Remember price drags indi's along. I believe the purest trades are swing trades. Excellent pattern repeating many times and probable.
  • #18
  • Nov 26, 2016 11:09am Nov 26, 2016 11:09am
Quoting IPMan
{quote} Yes thankyou for your reply, I have read that before but still in fact both price action and indicator based on recent candlestick.
price action indicates indi's not the reverse. Turn off price and indi can't move.
  • #19
  • Nov 26, 2016 11:58am Nov 26, 2016 11:58am
Quoting FerruFx
{quote} That's no really the right thread to discuss about this ... But anyway, I code strategies based on traders request ... without info prior or after if it is profitable. That's the strategies which is making the profit (or loss), not the code.
Thanks FerruFx for sharing your insight.
  • #20
  • Nov 26, 2016 12:14pm Nov 26, 2016 12:14pm
Quoting dforant1
{quote} price action indicates indi's not the reverse. Turn off price and indi can't move.
What are you talkin about? I'm talking about both of them can be analyzed after the price closed, the difference is only in the intrepretation. PA is just a form of analyzing without indicator or naked analysis and indicator is just tools to help traders that can't analyze naked chart. I'm not talking about PA indicates indi. I know that indies are come from the PA, indies are just tools to translate them.

Wait.... Wtf?


Did I answer my own question?
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