Price Action vs Indicators
Open two charts side by side, one bare, one carrying a stack of moving averages, oscillators, and a couple of custom indicators, and you’ve got the whole debate in front of you. Neither trader is wrong on sight, they’re just answering a different question with the same candles. What “price action” means Trading price action means reading the candles, swings, and levels directly, without translating any of it through a calculated indicator first. A price action trader looks at a chart and sees a swing high failing to break, a range compressing before a move, a rejection wick at a level that’s held twice before, and treats those raw shapes as the signal itself. Nothing on the chart is derived, it’s what happened, in the order it happened. ...