In the fast-paced world of forex trading, where screens glow with colorful lines and squiggly signals, one YouTuber's bold move has traders buzzing. Harryjamesr, a rising star in the online trading community with his no-nonsense breakdowns and real-account demos, just dropped a video that's shaking up the indicator craze. Titled "I Removed Every Indicator from My Charts and THIS Happened...," the 14-minute clip—uploaded just hours ago—chronicles his experiment ditching every technical tool in favor of raw price action. And the results? An eye-opening mix of simplicity, a small win, and a wake-up call on why less might really be more.
If you're knee-deep in trading forums or scrolling YouTube for the next "holy grail" strategy, you've probably seen the hype around indicators like RSI, MACD, or moving averages. They're everywhere—promised as the secret sauce to spot reversals, trends, or overbought zones. But Harryjamesr, known for his straightforward scalping setups and prop firm challenges, decided enough was enough. "A few months ago, I decided to delete every single indicator off my charts... just clean price action," he says in the video, his voice calm but firm, like a coach calling out bad habits. What followed was a trading day on a $5,000 FundedNext challenge account that proved his point: you don't need a chart full of gadgets to make smart moves.
Harry's setup is refreshingly bare-bones. He zooms in on two timeframes—the 1-hour chart for big-picture bias and the 1-minute for pinpoint entries. No fancy overlays, just candlesticks telling their own story. The bias comes from the last hourly candle's close: green for bullish, red for bearish, unless it's a wild news spike or hitting a rejection wall. Then, down to the 1-minute, he hunts for momentum shifts. Picture sellers piling on, pushing prices to new lows and highs—but then it stalls. If it fails to break that low (maybe with some cheeky wicks that don't stick) and flips to break the prior high, boom—buy signal. Reverse for sells. He caps it at two trades per session, risking just 0.5% with stops from 2.5 to 10 pips, aiming for 1:2 risk-reward or until rejection hits.
The video walks us through Friday's action on GBP/USD, starting in the London open at 6 a.m. UK time. Trade one: a bullish bias from the prior hour after hours of bearish grind. On the minute chart, sellers tried but failed—higher low formed, high broken. Harry jumps into a long, tight 2.5-pip stop. But markets being markets, it whips back and stops him out. A clean loss, rules followed to the letter. No drama, just "that's trading."The 11 a.m. hourly flips bullish—not too big, not exhausted. Same drill: bearish probe on minutes fizzles with wicks that don't close lower, then upward snap. Entry at the flip, 3.5-pip stop. Price respects it, hits breakeven at 1:1.5, then cruises to 1:2 for an $11 win on the account. Net positive for the day. He spots a third setup at 2 p.m.—textbook bullish flip, failed low break, potential 1:2 homer—but skips it. Why? Profit secured, no greed. Smart discipline.
But the real meat—and the "THIS Happened" hook—comes when Harry overlays a popular UT Bot Alerts indicator on his clean chart. It's like adding fog to a clear window. The tool generates early false signals during the failed probe, then lags significantly behind on the actual buy, turning a modest 3.5-pip risk into a substantial 20-pip loss. "By the time indicators tell us to buy or sell, it's too late," he explains. "I wasn't helping my progress... the trade idea had already gone." It's a mic-drop moment, backed by screen shares that make the lag painfully obvious. No math jargon, just visual proof that these tools react, not lead.As a reporter who's covered countless trading tales—from blow-up stories to millionaire myths—this video stands out for its honesty. Harry's not selling a course or hyping 90% win rates; he's journaling a real prop challenge, complete with timestamps and a Tradezella shoutout for backtesting. Uploaded on November 8, 2025, it already has over 120 views, and early comments echo the sentiment: "Finally, someone calling out the indicator scam!" or "Tried price action—game changer." His tone? Relatable guy-next-door, not guru-speak. He admits indicators work for some (shoutout to UT Bot's 33,000 users), but for scalpers like him, they're noise. "There's no reason to be using indicators when what could they possibly tell us that we can't already see purely based on price action."
Zooming out, this experiment taps into a bigger shift in trading circles. Forums like Reddit's r/Daytrading are flooded with "indicator fatigue" posts—traders buried under 10+ tools, chasing signals that rarely sync. Studies from brokers like IG show 70-80% of retail traders lose money, often from overcomplication. Harry's approach flips that: focus on sessions (London, 6-8 a.m., NY, 12-3 p.m.), stick to the rules, and journal ruthlessly. Pros? Faster decisions, smaller stops, less paralysis. Cons? It demands screen time and guts for those momentum flips—newbies might chase ghosts without practice. If your charts look like a fireworks show, pause. Harry's day netted a profit with one loss, proving viability, but he stresses, "It is key to have belief and just purely trade on price action." No guarantees—forex risks capital, as his disclaimer hammers home. Yet in a sea of shiny bots and AI predictors, his bare-chart bet feels like fresh air. Will it spark a price-action renaissance? Early signs say yes. Check the video; it's free fuel for your next setup.
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