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Which One Is The Best: Price Action vs Technical Indicator

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Wan Azaha Wan Jusoh
200
Wan Azaha Wan Jusoh 2015.07.03 08:54 

Which One Is The Best: Price Action vs Technical Indicator in term of

1. Profitability

2. Accuracy

3. Easy to analise

Francis Dogbe
9501
Francis Dogbe 2015.07.04 10:01  
Wan Azaha Wan Jusoh:

Which One Is The Best: Price Action vs Technical Indicator in term of

1. Profitability

2. Accuracy

3. Easy to analise

Price actions tops all. But sometimes you need a little of technical indicators to filter trades.
JD4
1101
JD4 2015.07.04 19:38  

In my opinion, it would actually be a combination of the 2.  The price action, as Francis said, is the ultimate determining factor, but often the ind lets you see something happening there that you might have otherwise missed.  You can have all the indicators in the world, and if the price doesn't go in a way that can make you money, then they are pointless.  If the price moves the way you want it to, but you miss it because your attention was not drawn to the move (by an indicator or other method), then the price move does nothing for your profitability.


The indicator, when used in conjunction with an EA or manual trading system, also allows for greater accuracy because it can point out when (or if) you should enter a trade, and when you should exit.


As far as your ease of use, I think that, unless you are a day trader that has been staring at charts all day for years and can read every little fluctuation on them, an indicator would help the most over price.

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