This is my 12th year trading Currency Market and like every one I learn by studying and looking charts and indiors. And I was barely successful to say the least.
But 2 years ago I decided to ditch all of charts and indiors and only concentrate on price and I have never return since and my trading've improved radically. I have reach a point where I can accurately read price amounts of EU with over 70% accuracy with at least 2x reward ratio with between 5-15 pips stop. Others pairs such as AU UJ GU are penalized but initial findings indie using SL to achieve rewards which I am not comfortable with now in contrast to EU.
In retrospection I'm convinced that I'm right and that charts and indiors simply can't let you know exactly what price will do next aside from revealing what had occurred. Those thousands of charts and indiors posted in this forum are great for after the fact analysis which is not at all useful in showing you how to develop a strong trading egy to see the market price correctly. Whereas price levels show the 'now' and PA until either the resistant price level held or support level is broken revealing a path to respond. For example the current EU PA shows me that it is moving south with resistant at 12249 along with another level is 12190 and when breached the new resistant will be at 12225 and so on and so forth.
Of course I will have to post more reside trade price amounts in due course to prove robustness within my approach but more significant is that I want to demone that Price Amounts are indeed more prominent and more effective compared to Charts and Indiors when the forward looking price readings are read correctly.
I will leave you all to find out and decide for yourselves when I'm right in my evaluation.
Cheers
GS