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There was a time when I believed that indicators could be used to “decode” the market. I learned a lot from them – from RSI and MACD to Bollinger Bands – and tried countless systems and combinations, convinced that if I found the right equation, the price would follow.
When the deal went through, I thought I was getting close to the truth. When I fail, I think the problem is with the indicator, so I look for something else. This cycle has been going on longer than I care to admit.
When the deal went through, I thought I was getting close to the truth. When I fail, I think the problem is with the indicator, so I look for something else. This cycle has been going on longer than I care to admit.
Until I came face to face with an uncomfortable but honest truth:
The indicator predicts nothing.
It simply describes what the market has done. All the signals I trust come after the price move, not before.
The real change in my thinking came not from learning new metrics, but from letting go of some tools. I stopped asking, “Is this indicator saying buy or sell?” I started asking harder but more realistic questions:
What stage is the market at now?
Are we in a trend, correction, or noise?
Where is the price accepted and where is the price rejected?
The bottom line is: Who controls the market at this moment?
From this perspective, I realize that prices do not change randomly. It is driven by behavior, money flow, and group psychology. What I call “signals” are simply the result of the story already written on the chart.
As a result, indicators lose their central role. Not because it doesn’t work, but because it doesn’t tell a story.
The real story lies in price action. Each candle is no longer just green or red, but reflects the market’s hesitations, acceptances, rejections, and decisions. When you read this, you stop obsessing about tops or bottoms and instead focus on which direction the market wants to go and whether it’s better to get involved or stay away.
The biggest transformation occurred when I embraced a seemingly contradictory idea:
Traders do not need to predict the future.
My job is to read the present correctly.
I know when not to trade when I read it correctly. I accept missing out on unclear opportunities. I understand that patience is an attitude – and sometimes it’s the best attitude.
Indicators still exist, but they have returned to their rightful role: visual aids, not decision-making centers. Since I switched from “looking for signals” to “reading the market” I no longer trade, but I know exactly what I am doing and why.
If you’ve been through the process of learning metrics like me, you probably know this:
The problem has never been the tools, but the way we view the market.
And you, how do you interpret today’s chart?
