10. Indicators: useless

You don't need indicators!

  • You can just watch the bars.

  • Beginners think indicators will protect them from risk, but actually not. Indicators mislead you.

  • Indicators do NOT tell you the probability. If you trade every indicators' signature, you will suffer a lot of small/tight stop loss. But accumucations will cause big loss.

  • Indicators are built on top of price action.

  • Indicators can overlapping.

  • Indicators can contradictary to each other.

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