Trading Forex Without any Indicators

Maybe you doubt it, but since 2006 I do my forex trading without any Indicators using Daily20pip system, just playing around with OHLC (Open High Low Close) data and I still in this game today. Don’t you realize the present of lagging indicator out there?

You already know that 95% of the forex trading public failing to make any money, a lagging Indicator is like a death trap, like a path that guide you to the wrong line! That’s why you should be carefull in choosing Indicators inside your trading tool box.

Anybody can understand price action and this not really difficult. Most people just don’t want to take the time to really understand how to read the movement of the market. Everybody always wants the holy grail magical indicator that people can just plug into their trading platform and it’ll do all the work for you, but sorry it doesn’t exist out there!

Forex trading is about a proccess, no overnight instant rich scheme there, it need learning by doing, patience and dicipline. I do agree with some Indicator that help you manage your trade, but again be carefull with the lagging Indicator and just don’t depend on it. You need to have a chart movement reading skill, by understanding the OHLC data it will help you to know where the market direction and how much trading range might happen.

Trading Forex Without Indicators
Is it possible to be rich trading forex without using indicators? If you think about it, is there any other way for you to truly understand what the market is doing besides trading just the price action. Think of all the indicators most people plaster...

Keep It Simple Forex Trading System
Trader ussualy equiped themself with complicated forex trading system in their toolbox by using complex methods combining various indicators to profit from the forex markets. How many indicator does we need? By the time all your indicators confirm a...

Trading Forex Without Indicators
Many people think trading without indicators is impossible. They have to putting indicators such as moving averages, MACD, Bollinger Bands, etc on their charts, that they can't see all the important information that they are blocking with these indicators. Let's...

Less Indicators is More Profit
I'm a big fans of simplicity because I believe the more complex a thing the difficult for it to works. The more simple it is then the more chance of success. Are you wonder why D20P system aren't using any single Indicators? Forex are come...

D20P e-Zine