THE TRUTH ABOUT TECHNICAL INDICATORS: Why You Should Stop Relying On Them

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#technicalanalysis #indicators #tradingindicators

[dannytrz]

Supply and demand + vwap are all you need. Keep it simple

[chuckc]

Thanks Shawn for the Huge Tips. Someone posted a negative comment.This Day Trading team trades thousands of shares 1 dollar on 2 thousand shares is 2k in profits in 10 minutes if all they are at 80 percent consistently. That compounded over two years multi megamillionare..

[therealdealtrader]

I learned this the Hard way. I used indicators for 10 years then added footprints and professional orderbook. It all changed for me and now I live stream.

[brcam]

This is gibberish. Indicators work depending on what you are trading. If you are trading some random symbol that’s up in the premarket, then yea they don’t work. But if you are trading a known symbol with good average volume (5 million +) then yea, they’re much more reliable in that environment

[ohmytrex]

Indicators help for confirmation, but the best thing to learn is price action. Follow smart money.

[Scientist]

this is why I like tom demark sequential countdowns, time+price

[vladdytubetv]

Based on my experience of learning different indicators It's worth to mention there are quite powerful indicators that give you lots of info but they are not free, many TA trading firms develop fine algorithmic indicators that help you to see the trend not only with red or green candles but much more.

[MistaVauros]

Truly learn technical analysis, patterns, etc, before you start using indicators. You should be able to trade purely off candles and patterns before adding indicators. I use the following: 20, 200 EMA, VWAP, and BB. That’s it. I don’t rely on them to tell me how to trade; I use them as a reference to make my trading more efficient. I watch key levels, S/R, bull and bear flags, patterns, etc, to help me decide my next trade and entires and exits. You want to be able to assess a chart in under 1 min to determine the trend.

[Andy]

Indicators based on math are never wrong. Could be how you read it

[dansnook]

Love your content and I listen to the channel everyday as I trade. Big Fan! That said, these backdrops need to go. Look cheesy man and you guys are better than that. Just be simple and ease up on the moving backgrounds. :)

[Peter_Potato]

Drop all indicators, learn how bots move price to vacuum up your stops. You'll save yourself from yourself if you study what the algorithm does over and over.

[FlatEarthFighter]

I have been buying Meta at or right before the open almost every day for the last month for a couple points it's almost fool proof

[kid]

Every time I trade what you guys trade on the show I lose and you win. You guys have cost me a fortune. lol

[tayne]

It’s data, pronounced like the Star Trek character. dAta, not data

[Mrhappy]

Please don’t fall for this BS the YouTubers are selling it will cost you money.

[erarandom]

I got banned from Mitch Ray for no reason a couple years ago and have done pretty well finding a good trading strategy since so it was a blessing.

[MrJimmee]

Using MA indicator properly can predict the future, will agree with the other indicators like MACD, RSI does suck, so I disagree with this video to a certain point.

[Quantumfuturestrader]

Algos use them and they can guide you to probabilities. I for one use price action and arbitrage. I only trade the Dow futures. Don't discount chart patterns and trend lines. Charts don't lie.

[Shlice]

thats some big BS. Indicators work. Just because you trade candle sticks doesnt mean everybody is.

[aaronkorn]

Hey man, we’re not lazy, we just wanna use something that works FU