You've opened up a large can of worms. ET is like a big fishing expedition, worms get the fish biting. There's nothing quite like a good ol' 'TA / Indicators' fishing frenzy.
I love the irony of starting a thread about not using indicators and just looking at a chart for simplicity, when there are about as many different possible charts types/ time frames as their are technical indicators. Each chart is an indicator in itself.
Well, that would be me. -- It's difficult for most to understand that positive expectancy is derived from risk management. --Most folks make trading hard for themselves.
I disagree. I think a lot of traders blow up their accounts because they pick direction poorly and lost patience...therefore becoming desperate, losing discipline, hang on for big losses, book profits too soon, take too much risk, revenge trade, etc.
Why do we care about this indicators discussion? BTW, Full kudos to Grantx for raising the topic, but has been done numerous times on ET before though. We care about 'indicators' discussion because we are all looking for an edge in our trading. The edge is between your ears. Some have more developed brains than others, they will lead the pack when it comes to self sufficiency.
Who cares about A winning trade? Who cares about win %? I care about positive expectancy which is attainable with random entries.
I thought it looked more interesting, at the start, than most "indicator discussions" here ... but I suppose it's inevitable, by the time two or three people with super-dogmatic beliefs, customarily expressed with great intransigence, join in, that all such discussions evolve rapidly to become only the ever-repeated can of worms after all.
And that feeds into my point that we all see something different based on personal skill/experience. You and I will see different things because that is why we have a market. I believe indicators are viewed the same.