As a newbie in trading forex, classic support resistant (csr) is a powerfull technique that can generate income easily. However, to strenghten my analysis i would like to combine csr with another technique as well. Hopefully we can gain profit as much as possible.
trading without using indicators is very dangerous for the analysis patterns that we do. unless we already understand the candlestick pattern that we use. trading using indicators is very helpful for our analysis because indicators give signals to each difference in forex market movements every time. if we do not use the indicator we will find it difficult to find a benchmark to start open positions or close positions when we trade forex.
Trading without indicators, or sometimes called Naked Trading, is a forex trading technique based on observation of price movements, without applying any technical indicators on the chart. This can be done if we already understand the levels of resistance support and can also understand the shape of the candlestick pattern. Identification of Reversal and Correction Points. In trending market conditions, you can try to enter the market when prices experience a correction of the big trend, or in other words, "buy in uptrends and sell rallies in downtrends". Or, mark support and resistance levels to be used as a benchmark for reversal and correction points.
trading without indicators can be done by the traders of the good experience, the new trader will not be able to trade without indicators because he will not be able to analyze the market without indicators, but the experienced trader will be able to analyze the market well without indicators and so he can be able to make good and effective trading.