Understanding Day Trading Indicators

Making of a Day Trader Podcast

I've got a question for you, do you use indicators? How many indicators do you use on your chart? Because you'll be surprised how many people use them and how many actually need them.
All right, so here we've got our trading platform and now let's figure out about these indicators. So What are indicators? and why do we need indicators? Right. What are day trading indicator for? So let's just set back a tiny bit before we get anywhere because I hear a lot of people like, oh, I really just like to trade on bare, bare nakedcharts. I just love price action.
I hear you. I love it, too. I've been doing that for a long time. Not with real money, though, because the reality is you can't just enjoy a naked chart and for some reason, between traders istotally OK saying “hey, you know what, that bar looks really good.”
I think I'm going to enter because it's going to go. Why would that bar go there? What's the reasoning behind it? Where are you going? What are you getting now? So this is what indicators are for me.