Indicators vs. Price Action: Is there really a debate?
I see a lot of newer traders, and even some who've been around a while, getting absolutely lost in a sea of indicators. We're talking RSI, MACD, Bollinger Bands, Stochastics, you name it – plastered all over their charts. They're chasing signals, missing the forest for the trees. When $ADBE is trading between 250.84 and 260.63 in a single day, the only thing that truly matters is what the candles are telling you right now. All those squiggly lines are just lagging derivatives of price anyway. If you can't read pure price action, you're always a step behind. Someone watching $NZDCAD move from 0.82091 to 0.82311 today knows exactly what I mean; the market speaks for itself. Am I wrong? Convince me otherwise.
I tend to agree, focusing too much on a bunch of lagging indicators can really overcomplicate things. Price action definitely gives you the most immediate read on what's actually happening in the market.