Is this true? I've been trading a system that I've been profitable with for some time (on demo) before I move live should I learn to trade with pure price action?
Everyone says over time your method will fail unless you're using pure price action. EX) Support/Resistance, trendlines, candlesticsk. I guess my questions are
1) Can you trade long term with a system and be profitable
-Bolinger Bands, Moving Averages and stochastics
2) Are there any profitable traders that have been trading 3+ years profitably with the same strategy (not pure price action) but one that uses indicators as a main part of there strategY?
I've heard and read to many people saying any system will fail and only pure price action will work in the long run. I find this hard to believe because no matter what price has a 50% chance of going down and 50% chance going up. So wouldn't a system just be helping with probabilities like any other strategy (price action) I believe as long as you learn the pros and cons of your method and you keep trading it you will learn the flaws of your strategy and be able to profit with it for years to come?
Would love to hear from you guys that are profitiable, or know of anyone profitable! I want this to be a true discussion, I'm looking for straight up answers. No arguing please! Debating is fine.. getting pissed and ruining the thread is another story.
Can't wait to hear from ya!
Everyone says over time your method will fail unless you're using pure price action. EX) Support/Resistance, trendlines, candlesticsk. I guess my questions are
1) Can you trade long term with a system and be profitable
-Bolinger Bands, Moving Averages and stochastics
2) Are there any profitable traders that have been trading 3+ years profitably with the same strategy (not pure price action) but one that uses indicators as a main part of there strategY?
I've heard and read to many people saying any system will fail and only pure price action will work in the long run. I find this hard to believe because no matter what price has a 50% chance of going down and 50% chance going up. So wouldn't a system just be helping with probabilities like any other strategy (price action) I believe as long as you learn the pros and cons of your method and you keep trading it you will learn the flaws of your strategy and be able to profit with it for years to come?
Would love to hear from you guys that are profitiable, or know of anyone profitable! I want this to be a true discussion, I'm looking for straight up answers. No arguing please! Debating is fine.. getting pissed and ruining the thread is another story.
Can't wait to hear from ya!