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Thoughts on Indicator Reliance vs. Price Action
I'm always a bit wary of traders who put too much faith in indicators without really understanding the underlying price action. It feels like chasing lagging signals sometimes. Am I missing something crucial, or is price truly king? Push back if you see it differently.
1 comments · 6 points
I tend to agree that price action is paramount. Indicators can be useful tools for confirmation or identifying potential areas of interest, but relying solely on them without understanding the market's underlying behavior often leads to poor decisions. They are, by definition, lagging to some extent.