Is this true? I've been trading a system that I've been profitable with for a while (on demonstration ) before I proceed live if I learn to trade with pure price action?
Everyone says over time that your method will fail unless you're using pure price action. EX) Support/Resistance, trendlines, candlesticsk. I guess my questions are
1) Could you trade long term with a system and also be profitable
-Bolinger Bands, Moving Averages and stochastics
2) Are there some profitable traders which have been trading 3years profitably with the same egy (not pure price action) but one which utilizes indiors as a main portion of there egY?
I've heard and read to many people stating any system will fail and just pure price action will work in the long run. I find this hard to believe because no matter what price comes with a 50 percent chance of going down along with 50% chance. So would not a system just be helping with probabilities like every other egy (price action) I think as long as you understand the pros and cons of your method and you maintain trading it you will learn the defects of your egy and be able to profit for it for years to come?
Would love to hear from you men that are profitiable, or know of anyone profitable! I need this to be a discussion, I am searching for replies. No arguing please! Debating is nice. . Destroying the thread and getting pissed is another story.
Can't wait to hear from ya!