Daytraders, When was the last time you stripped down to a naked chart and traded without indicators?

E

easymon1

...Chart traded without indicators?
Were you surprised?

Can Charts get busy with enough indicators that we walk right by low hanging fruit?
Simple can be beautiful.

Naked Chart 2020 0709 5m.png
 
I did that about 2 decades ago.

I even stripped the annoying black background. Now it is light background.

I might have zig zag line but I hardly look at it
 
The only thing on my daytrading charts are 1minute candles and volume. I also use the tape.

All that matters is price action.

I was going to say that "anybody using squiggly lines or indicators like vwap/ema for daytrading is a fcking moron", but I hesitated lol :D

Here's an example, sans text, just price and volume. Hint if you need indicators on charts for decision support you've already lost.
IMG_20200702_140609_990.jpg
 
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KCalhoun said:
The only thing on my daytrading charts are 1minute candles and volume. I also use the tape.

All that matters is price action.

I was going to say that "anybody using squiggly lines or indicators like vwap/ema for daytrading is a fcking moron", but I hesitated lol :D

Here's an example, sans text, just price and volume. Hint if you need indicators on charts for decision support you've already lost.View attachment 233722
More...

SNP does bounce off vwap quite often
 
easymon1 said:
...Chart traded without indicators?
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I only trade naked charts. I tried the indicator stuff, and it is ok, just too much waiting around, and I like watching the bars move on the chart. I feel more in tuned with the market at the time I am watching.

I also do not like looking at multiple higher time frames. Too much messing around and too much decision making.

I like 1 chart, and 1 time frame.
 
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