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Very cool post, I agree entirely. Most people over-complicate trading when you can really boil it down to what you have posted here. Cool

Pretty nice POUND / DOLLAR pin bar...

Agreed, that's why I trade "set and forget".

Yea...I just don't see why anyone would use them. Price action is all you need. Trading is a very very easy thing to over-complicate, and indicators are a very east tool for over-complicating the process...

Yes, my stance is just that indicators are unnecessary; you can just learn to analyze and trade off pure price action strategies. You are right that indicators may react or represent price movement in a different form that may be interpretable to some people...but why waste your time when you...

"Price action trading is the art and skill of making all of your trading decisions off of a stripped down or “naked” price chart. This means no lagging indicators outside of maybe a couple moving averages to help identify dynamic support and resistance areas. All financial markets generate...

USDCHF fakey setup from earlier this week. This one produced some serious pips...

This is a true statement.

Price action trading. No indicators. No B.S.

With Gold now over $1500 an ounce, I would say I was quite right with above post, when gold was $1435 an ounce. You gotta love simple price action trading strategies.

I still use a couple moving averages for trend analysis and dynamic support / resistance identification, the 8 / 21 day EMA as per Nial Fuller.

Thanks for this thread, I also have a price action thread. It's so much better to just take off all the indicators and crap from your charts. I do sometimes use moving averages for trend analysis and s/r analysis, but that's it, cool thread man.

Hey everyone, I haven't posted much in my own thread lately, lol. But, I wanted to post up the daily chart of gold because I think its priming itself for a possible breakout higher. Just FYI>

I would suggest you look into price action trading.

Here is a good article on which currency pairs to trade: http://www.ETIsAGreatForum.com/

I think you got that from "thee" price action guru...!

I totally agree with you!

I agree with this to a certain point. I don't really recommend anyone take more aggressive positions than usual. I know a lot of pro traders to this, but I really think it can come back to bite you if you don't know what you are doing, you have to be REALLY careful.

Just stick to trading what you see; price action setups.

Silver 4hr pin bars finally came off to the upside; after xmas like I predicted. A very nice move. I am a silver BULL.