When Should We Trust Our Feelings Rather Than Our Indicators?
Posted: Tue Oct 18, 2016 8:41 pm
Hi,
sometimes I am asking myself this one question: do we really need indicator to trade? because we lose money with indicators on our chart and we lose money without indicators on our chart.
But sometimes I do enter trade where no indicator will give signal to enter the trade and I do make money. Those entries are based only on my feelings of what the market is doing and will do.
So the main question now is, shouldn't we be more receptive to our feelings than to our indicators? But I suppose also the feeling you can develop about market movement will grow with experience you got trading too. So will this be true that experienced traders trade more on feelings than on indicators?
I don't know if this could be true, but I am sure a part of it is. I do not have much experience at trading as some guru but on some period I do trade without even read what my indicators are telling me and when I start reading my indicators I start to lose.
Since every trader is trading with the same indicators, shouldn't we ask ourselves if the indicator is really our friend sometimes. Maybe they tell us to use it so that big players can manipulate us, make us sell where we should buy; and make us buy where we should sell. Is this a conspiracy to make us lose? Why 95% of us are losing money anyway?
Brokers say they make money when we make money, however they just watch us lose our entire balance without lifting a single finger. They pretend they can't interfere in client decision because of regulation; they do not offer signals, nor classes. But they didn't already say on the disclaimer that trading involve risk of loss?
Is Forex trading an investment or just a black hole that will eat every single dollar we put in?
So at least, should we trust our feelings or our indicators? When should we trust what we feel not the indicators, and when could we trust indicators over what we feel?
sometimes I am asking myself this one question: do we really need indicator to trade? because we lose money with indicators on our chart and we lose money without indicators on our chart.
But sometimes I do enter trade where no indicator will give signal to enter the trade and I do make money. Those entries are based only on my feelings of what the market is doing and will do.
So the main question now is, shouldn't we be more receptive to our feelings than to our indicators? But I suppose also the feeling you can develop about market movement will grow with experience you got trading too. So will this be true that experienced traders trade more on feelings than on indicators?
I don't know if this could be true, but I am sure a part of it is. I do not have much experience at trading as some guru but on some period I do trade without even read what my indicators are telling me and when I start reading my indicators I start to lose.
Since every trader is trading with the same indicators, shouldn't we ask ourselves if the indicator is really our friend sometimes. Maybe they tell us to use it so that big players can manipulate us, make us sell where we should buy; and make us buy where we should sell. Is this a conspiracy to make us lose? Why 95% of us are losing money anyway?
Brokers say they make money when we make money, however they just watch us lose our entire balance without lifting a single finger. They pretend they can't interfere in client decision because of regulation; they do not offer signals, nor classes. But they didn't already say on the disclaimer that trading involve risk of loss?
Is Forex trading an investment or just a black hole that will eat every single dollar we put in?
So at least, should we trust our feelings or our indicators? When should we trust what we feel not the indicators, and when could we trust indicators over what we feel?