On the utility of indicators vs. raw price action in CFD trading
I've been noticing a trend lately, especially with newer traders jumping into CFDs across various asset classes, where there's an almost immediate gravitation towards a plethora of indicators. Moving averages, RSI, MACD – you name it, they're charting it. And while I won't deny that these tools can provide some contextual information, I've always found that relying too heavily on them tends to obscure the more fundamental language of the market: pure price action.
Take something like the recent動き on $UGAZ. We've seen it bounce between 10.61 and 11.25 today, now sitting at 10.82. Or $USDMXN, oscillating from 17.2469 to 17.333, currently at 17.2742. These aren't just numbers; they're the market telling you exactly what it's doing, where it's found resistance, where it's finding support. Often, by the time an indicator confirms a move, a good chunk of the opportunity has already passed. Price action, to me, offers a more immediate, less lagging, and ultimately more direct read of market sentiment and potential turning points. Am I missing something crucial here? I'd genuinely like to hear if others have found indicators to be consistently superior for entry/exit decisions in a fast-paced CFD environment.