Looks like a "sit and watch" day for me so far.
Seems to me the only people who don't use charts are those who trade on an extremely long term basis on fundamentals. Trying to trade short-term with just DOM and T&S sounds like complete madness to me. I guess those who can play 5 blind-folded chess games simultaneously would have no problem, but they'd just be constructing a chart in their head--may as well use charting software to make that easier.Quote from Eddiemorra:
good thread - just catching up.
4 trades on CL all winners for me today, but then I lost yesterday, but won the day before, but lost the day before that!
Hard to imagine ever being consistently profitable. I wonder if Id get the same results by flicking a coin!?
I often hear that the best traders dont use charts or TA, but then I wonder what one should use in their place? I had no luck just trading off of the dom.t+s, and I fail to see how one can trade intraday from looking at fundamentals?
All you guys trade CL from a chart/ta/price action?