no more indicator?

sorry if this thread isn't look valuelable, but as a newbie i have a question to anyone who is concern. since i involve in this forex a lot of indikator i've use but seem inconsistency in making profit and alway come up with false signal. thus now i'm trying to trade without indicator, and only use TA (i know indikator is one of TA) such as trendline, fibo, chart pattern (i'm study candlystick formation right now). so far its seem promising. i dont know perhaps its just my luck since i always got -ve profit when i use indikator. i would like to ask an opinion or advice.

Indicators are for the birds.

I couldn't disagree more. You should be able to make money using just about any indicator. The key is consistency and money mangement. Using an indicator for a week and then ditching it is not going to help make you money. There is no such thing as an indicator that will give you a 90% success rate, but you shouldn't need it. Ultimately what I'm saying is indicators do work, some better than others. Usually the problem lies with individual traders.

... then it is not the indicator that is making you money, it is your trading plan and discipline.

Most traditional indicators on their own are rubbish, and in fact there have been intensive study of some of the main ones that prove they are no better than a 50/50 bet in normal market conditions, the MACD for example is one of those, Ill dig the research up one of these days and post it. Remember, even a broken clock is right twice a day.

My skew on things ... traditional indicators are merely tools to confirm what you already subconsiously have decided, an emotional crutch. Keep going with the what you are doing, it will really help you in the long run, whether you add indicators back in or not.

The only indicators I find of any use are those that judge volatility, such as Bollinger Bands, Keltner channels etc, and some leading tools like fibs, squares and some Gann work. My advice, don't use indicators as a signal to get in a trade, use price for that and the greatest supercomputer you can possibly own, your brain. Use indicators only to "set the scene" if you have to.

The holy grail of trading:

Discipline, Patience, Experience, and Money Management

You don't really need indicators at all. It is possible to trade profitably using price bars only. For an example of this, read, study and apply what is in this thread.

Dial

thanks for the opinion and guidance. actually its hard not to use indicator as a newbie...but its also not imposible....only time could tell

thanks again