Heck, I don't even use triangles or flags.
How did you switch to price action only?
- Thread starter cashmoney69
- Start date
if you can't make money with this, find something else to do.
Back To the Basics
Rules of Engagement
1.) Avoid being biased
2.) Buy dips, sell rallies
3.) Avoid Breakouts
4.) Use stalling momentum for entry/exit
5.) Do not set price targets, see rule #4
6.) Cut the trade immediately if momentum resumes
7.) BE PATIENT, let it come to you. Be reactive, not proactive
8.) Be flat everyday, the game will be there tomorrow
9.) If volatility is high, scale in and out with smaller allotments
Back To the Basics
Rules of Engagement
1.) Avoid being biased
2.) Buy dips, sell rallies
3.) Avoid Breakouts
4.) Use stalling momentum for entry/exit
5.) Do not set price targets, see rule #4
6.) Cut the trade immediately if momentum resumes
7.) BE PATIENT, let it come to you. Be reactive, not proactive
8.) Be flat everyday, the game will be there tomorrow
9.) If volatility is high, scale in and out with smaller allotments
Hey T-Dog...are you still solely trading the NQ?...
I was using an example to make a point
Would candlesticks be considered indicators?
Yes. I've tried YM, but I still prefer NQ. I don't like ES's tick size, and I'm not comfortable that it is not proportionate to that of its larger counterpart:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=117182
No. They are just a different form of price bar. It seems that most people here like them. Personally, I find that they disorient my delicate sensibilities.
I prefer the standard bar chart.I agree, but it would seem some people use them as indicators, for example, the bacon-double-doji, downbound bear etc. Sorry for that, but I've studied them and cannot say I understand completely, but they have dedicated followers.