A short spoken piece arguing that markets are created by buyers and sellers (order flow), not technical indicators. The speaker explains that indicators are derived from price action and therefore lagging, describes moving averages as examples, and says they shifted focus to market depth and Level II/order-book information—while noting Forex lacks reliable volume data.
When people talk about stock market, like what is market? It's just a marketplace for the buyers and sellers. For example, you have your supermarket downstairs. It's the same thing. You are a buyer at the supermarket and they are selling something. In the Forex market you trade currencies. In the stock market, you trade stocks. In the futures market, you trade futures of the indices or whatever. But that's what creates the market. The buyers and sellers, they create the market. The indicators don't create the market. So that's why I was losing money, because buyers and sellers, they create the price action and the price action then creates the indicators. For example, if I focus on 9am on the 1 minute chart chart, you are seeing these say 9 bars on the 1 minute chart. So this is say the 1 minute chart or the 1 day chart. What is 9am? It's going to be like the 9 exponential moving average of all these prior price action. And then you are trying to predict what's going to happen later. But if something happens in the market, the panic is high. Like recently tariff news and the war news. The market won't be based on indicators like it's going to drop. What happened with me when I started out, I never asked the question why? Like why are we respecting the indicators? So that's where I shifted my focus to the buyers and sellers. That's what creates the market. And I started focusing on the market depth and the level two, which is basically more prominent. It's more useful when you're trading stocks and futures. But in Forex you don't have a reliable way to look at the volume.
