Everyone has a preference of how to trade and what works for them.  I find it interesting when others say this is the best way or that is by far the only way to trade. I know traders that use only price action to trade with. We all know traders that only use indicators.   My opinion is that each method has its merits and strengths. Each method has it weaknesses and faults.
The weakness of each method is mostly from the person that is trying to use it. They do not have the skills and experience to use it well so they think it is faulty. Both methods are valuable when you learn and know what to look for in the signals. Some of the strengths of both are that traders can make money with each of them once they learn how to use them.
With indicators you should only take signals in the direction of the trend. This is the fault of most new traders they attempt to “capitalize†on every swing of the price. This same advice holds true with the use of price movement.
Divergences provide a good indication for potential market direction changes. Price action gives signals of market direction change as well. They are both used and can help with the indication of the strength of a movement. Divergences and price action both are useful for filtering out what would be a knee jerk type of price action. Use them together and you really have an advantage.
In the beginning I would only use indicators, and ask myself how traders use price movement only to trade the currency market or any market for that matter. Then I was shown how to use price movement to see entry signals and place trades. With this additional knowledge it added to my list of signals to find and confirm trades.
I now have enhanced my trading skills and seem to be in tune with the market and can read my indicators better. We have added some trading strategies to our knowledge base that includes price movement only. If you use the indicators and the price movement then you really have a powerful tool. We are working on a course now to teach you exactly that. It should come out in the next 6 months so I hope you get excited for it, it is going to be a powerful tool.