Over the years my trading have changed from using tons of indicators to absolutely no indicators. At present my analysis includes combination of support & resistance and supply & demand zones and observing price action at key areas.
In my opinion, price action trading is not just trading pinbars or engulfing patterns. Rather, it’s reading the sentiment of market participants, identifying areas of value, and trading along the path of least resistance. Moreover, there is no hard and fast rule and as such price action trading can be complemented with indicators. It’s about understanding your trading tools and knowing how to apply it effectively.
In my opinion, price action trading is not just trading pinbars or engulfing patterns. Rather, it’s reading the sentiment of market participants, identifying areas of value, and trading along the path of least resistance. Moreover, there is no hard and fast rule and as such price action trading can be complemented with indicators. It’s about understanding your trading tools and knowing how to apply it effectively.
