RCAO Finance

Trading without indicators is also known as Trading Naked or trading with only price action. Most professional traders actually trade naked depending on only price action. Technical analysis is the art of predicting the future price action in the short term based on the past price action. What is on the left of the chart is history and what is on the right of the chart is a mystery.

Many pro traders only use price action to solve the mystery that lies ahead on the right of the chart. Most indicators that are used in technical analysis are lagging in nature. Lagging means that the trading signals generated with these indicators will be a little late, price action would have already moved ahead.

So many pro traders simply avoid the indicators in trading and solely depend on using price action in making their trading decisions. For example, some would use candlestick patterns to predict the price action as well as other chart patterns.

Do you want to learn how to trade Forex with price action strategies? Price action trading is perhaps the simplest way to trade because it allows traders to make the majority of their trading decisions off the raw price dynamics of the markets, with no unnecessary indicators or trading software. By removing the mess and clutter of haphazard indicators and trading software, we can cut down the variables we are trying to analyze. By reducing variables we are getting closer to the “true” picture of the market, which is simply price action. When we learn to trade off this price action we are making our trading decisions off the best indicator of future price direction; current and past price action.

Do you want to learn how to trade Forex with price action strategies? Price action trading is perhaps the simplest way to trade because it allows traders to make the majority of their trading decisions off the raw price dynamics of the markets, with no unnecessary indicators or trading software. By removing the mess and clutter of haphazard indicators and trading software, we can cut down the variables we are trying to analyze. By reducing variables we are getting closer to the “true” picture of the market, which is simply price action. When we learn to trade off this price action we are making our trading decisions off the best indicator of future price direction; current and past price action.