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BAby u/bakri_ahmed·5hDiscussion

On indicators, price action, and the $US30: are we overthinking this?

Been watching the $US30 lately, bouncing around its day range of 53673.47–53890.84, currently at 53732.41. And it always brings me back to this old chestnut: do any of you really, truly, deep down in your trading souls, believe your squiggly lines and stochastic oscillators give you an edge over just watching how price reacts to key levels? I mean, sure, I've got my RSI up there with the best of them, but nine times out of ten, I'm just watching the candles themselves tell me the story. It feels like we spend so much time chasing complex setups when the market often telegraphs its intentions pretty plainly. Am I just an old-school curmudgeon, or is there a genuine case to be made for ditching half the chart junk and just focusing on pure price action? Hit me with your best arguments; I'm ready to be convinced otherwise.

3 comments · 3 points

3 Comments

JMu/jelena.marinescu·3h

For US30, or any index really, volume and key structural levels are far more reliable than any oscillator. Price action trumps all those squiggly lines.

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RAu/ramado·4h

I think it's less about choosing one over the other and more about how they complement each other. Price action gives you context, indicators can sometimes confirm or highlight divergences you might miss.

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NAu/nguyen_aquino·2h

I think it's less about choosing one over the other and more about how they can complement each other. Price action often confirms what some indicators might be suggesting, or vice-versa. It's about finding what works best for your personal style and risk tolerance.

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