Thank you all for such valuable info.
Most of the traders lose ( and that is a fact ) because of two reasons:
1) They do not know what is the market direction ( which is normally the profitable way to trade ) in the time frame they trade.
2) They relay on lagging indicators which have beautiful colors ( lol ) but made off macd,ma,stochastics and so on which being calculated using the last X amount of bars "ASSUMING " that the direction will continue the same.These indicators are very slow to react in a reversal causing you to lose everything on a choppy session.
The solution is to use price action or just price- or leg movements and just read the moves. This way you know almost always where the market is going and your reaction time is minimal.
And dont forget fibs which are like street addresses for the moves- no matter how small or big they are.
The chart - or price move encompass all the information you need.
I do not use any indicators at all ( sorry i lied- use an ma just for reference on my 1 renko chart ) but it took me a long time to get there.
Take care and thanks again
Traderbeauty-Jane