Absolutely! You're absolutely right. When you strip away all the indicators, what remains is the pure price action.The price itself provides valuable insights and can guide your understanding of where the stock is headed.well said
favorite technical indicators
- Thread starter eleanorK80
- Start date
Take any indicator you want; plot it yourself; and you'll find that price has to move before the indicator will move. If you do it often enough you'll find that you can tell where the indicator is going by what price is doing!!
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TRUE, trend wisdom/
but i have used a 200day moving average + some times a faster/ 50dma, so much, like those......[Edit + sometimes can tell where 50dma is going by price+ price patterns, price trendsLOL]
Love'em
Oh, I use stockcharts. I use technical analysis and rely on trendlines, support and resistance, candlesticks, price action. Look for confluence to make my trading decisions. Do not use indicators nowadays for the most part. I add moving averages to my stockcharts when my friend looks at my stockcharts as she cannot see the trends clearly. A moving average helps see the trends more clearly.
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I showeda chart to my CPA once of his favorite stock + was just a blank stare =LOL
I think he was so used to working on tax numbers, he was just interested in fundamentals + numbers , price, dividends , no pics, no moving averages, or don channels.....................
I enjoy all of the above, with joy ,mostly
Everybody's been down\
hit the ground\
stay in the fight ,to the final round
=Mandisa Overcomer >51,777,888 million video views
Wish I’d seen this video 10 years ago.
Price action. Supply / Demand.
Weak Rally + Strong Reaction -> Sell
Strong Rally + Weak Reaction -> Buy
Takes time to tell where a leg begins then ends but it becomes easier with practice and common sense.
Heard once … The low isn’t set until we make a new high, which is true in the absolute, but we as degenerate Gamblers can’t make money without some speculation.
I like the analogy at the beginning with the race track. Sometimes it’s best to settle for a lower but safer outcome.
As a daytrader … I think it’s best to settle for 1 point per day at the beginning then settle for more as you progress.
Step by step.
Don’t step aside of your confort zone with real money. Don’t try to be a hero. Small compounds more for longer than Rich Quick.
It’s better to settle for 1 point and know when to let the trade run than to settle for 10 points and not knowing when to cut the trade short.
20 ES points per month is 1000$ per contract.
The reaction is more important than the action itself. Don’t simply buy because the price has sone X. Buy because it has done Y knowing X.
Livermore would simply use a 6 points deviation away from the highest / lowest local point in order to establish a price reversal.
Many ways to read price actions.
We’re not trying to catch tops and bottoms but some kind of reversals with asymmetric reward to risk towards the grand scheme of things.
Some kind of V reversals happening around logical areas.
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These days I m into Ichimoku and MA I don't know why
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Very smart