Indicators for intraday

[NoDoji]

Quote from bstay:

before i dig myself into that Bar By Bar thread, ....... i just want your quick recommendation if I should read Al Brook's book "Reading Price Charts Bar by Bar" (2009). usually alot of nonsense in threads so i tend to avoid after it had gone past 8 pages or more and the main topic degenerated. but i like to hear your opinion about the book. thanks.

The information in his book is excellent. The editing, layout, and microscopic charts make for a very difficult read. Also, if you don't have a few thousand hours of quality screen time, you'll feel as if you're trying to understand a foreign language.

Start at the end of the book where the glossary defines all the strange abbreviations. Read through those many times until you can visualize how they look on a chart. Then the book will be much easier to understand if you do this, and if you have trading experience.

Quote from bstay:

is there a reason to trade oil futures intraday, instead of equities/silver/gold/forex/eminis, etc?

My reason for CL is the sheer number of intraday price swings that fulfill my minimum profit target/maximum loss criteria. There are between 15-20 trades a day that fit my trading tactics, which means I have a lot of opportunities to profit and to recover losses when they occur.

Quote from samus:

Don't use or rely on indicators. Trade a naked chart with intraday support and resistance, it's all you need. It's old school and it works. Period.

I love someone who can say in 4 sentences what I babbled on about for paragraphs