One of the most popular trends in Forex trading today is trading Forex without indicators. Some trader feel that indicators lag the price action too much and that they miss important parts of Forex price moves.

You can trade sucessfully with or without using indicators. It really is a matter of what you have found that works for you.

To trade Forex without indicators you can use either a simple bar chart or a candlestick chart. With either of these you will be able to see price patterns which you may use to make trading decisions. Your objective is to find chart patterns which have a good probability of repeating themselves. Once you have found several realiable price patterns it will be much easier for you to trade Forex consistently.

Many Forex traders have found trading breakouts to be an effective means of trading without indicators.  A simple example of trading a breakout is to buy when the price moves higher than the highest high of the last 10 price bars ( or candles). In this case the price “breaks out” of the range of the last 10 bars.

Trading breakouts is just one of the many ways to trade Forex without indicators.  Finding good patterns to trade can be as simple as observing the price action on a Forex chart using your favorite timeframe(daily,n hourly, etc).