I know that many people are still struggling to learn how to trade the forex markets. If that wasn't the case, then I don't think we'd be aware of statistics like 95% of traders lose money trading. So, what I propose to you may seem a little strange, but bear with me.
First off, get rid of all your indicators. Every single last one of them. I'll never understand people's fascination with these things. I know that you think they are helping you, but the truth is, they are only getting in the way.
After you take the indicators off, just spend a day, 2 days, 3 days, whatever it takes and watch the market. Just look at a basic bar or candlestick chart, and just follow what the price is doing. Don't worry if you don't see anything right away. It's normal for that to happen. After so long trading with indicators, your eyes have got to be retrained.
It may not be obvious at first, but what you'll being to notice is price action. There are patterns inherent in the market that provide a ton of insight as to where the future price is headed. You'll begin to notice that the price stop on these support and resistance levels that you could never have gotten from any kind of indicator. You see how a trend can be spotted from a mile away. All it takes is a little practice and before you know it, you'll be laughing at all the indicators that were supposedly "helping" you trade.
John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared.
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