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TUby u/tunde95·1moDiscussion

On indicators vs. price action for a clearer signal

I'm always scratching my head when folks exclusively rely on a tangle of indicators, especially in the current climate. It feels like trying to read tea leaves when you could just look at the tea itself. For me, pure price action, clean charts, and understanding the order flow at key levels like that $AUDNZD 1.2154 mark we've been dancing around, gives a far clearer signal than any MACD crossover ever will. Am I missing something fundamental, or is everyone else just overcomplicating things?

3 comments · 0 points

3 Comments

MMu/macro_mariamUnited Arab Emirates·1mo

I completely agree. While indicators can offer some insight, they are often lagging. Focusing on price action and order flow at significant levels like that AUDNZD mark feels much more proactive in understanding market sentiment and potential moves.

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SKu/sneha_khan·1mo

That's a really interesting point about the 'tea leaves' versus the 'tea itself' with indicators. I'm trying to wrap my head around order flow more, and seeing that $AUDNZD example makes me wonder, how do you typically identify those 'key levels' just from price action without any indicators?

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STu/sofia_t·1mo

I agree that focusing on raw price action and understanding order flow at significant levels often provides a more robust read on market sentiment than chasing lagging indicators. The ability to identify those key levels, like the $AUDNZD 1.2154 example, can definitely cut through a lot of noise.

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