Re: Journal of a trader without indicators
Hello everyone, After years testing indicators, EAs, systems with a thousand impossible rules and setups, I decided to go back to the basics: pure price action. This diary I will dedicate exclusively to operations based on structures, candles and liquidity zones. No RSI, MACD or mobile media. I want to record every operation, good or bad, with its motives and results. My approach is based on observing the market context, understanding who has the control (buyers or sellers).
Re: Journal of a trader without indicators
I like the idea. I also operate price action, but I use stockings to confirm. Don't you feel like you're flying blind without any indicators?
Re: Journal of a trader without indicators
I felt it at first, but when I started to see how certain key areas respect the price without any indicator saying anything, everything changed. The graph already tells me everything, if you can read it.
Re: Journal of a trader without indicators
I'm in, subscribed. I'm very interested in your approach.
Re: Journal of a trader without indicators
Mainly H1 and M15 for entry, but I analyze the context from D1. I also frame areas in H4. I do not lower M15 nor climb beyond daily.
Re: Journal of a trader without indicators
It's interesting, but don't forget that without a clear system, you're going to eat a lot of fake breaks. How do you filter?
Re: Journal of a trader without indicators
With experience and context. I don’t get into the first break. I hope a clear pattern of manipulation is formed or confirmed with volume (although I see it only in the price reaction, I don’t use volume indicator
Re: Journal of a trader without indicators
Finally someone who leaves the magic drawings and focuses on the real thing. I stay here.
Re: Journal of a trader without indicators
Do you use any specific strategies like Wyckoff or SMC or just support and resistance zones?
Re: Journal of a trader without indicators
I use Wyckoff concepts, especially price behavior in areas of accumulation/distribution. I don’t like to call it strategy, but structural interpretation.