Maker$ Trading Journal

[Maker]

Tha

We all have our ways to trade, "taking the 6th bar" is one I personally never trade as it doesn't have a sound chart basis, but so long as you are happy with end results, all that counts. I been trading 39 years and on my 31st year of day trading, so I have some experience. I don't do signals where structure wise does not make sense. What I have learned is indicators are to make trading easier than using just charts, but all my entries can be done without indicators. Most people get the use of most indicators wrong, they are to indicator something can possibly happen based on usually charting patterns. There are some indicators that are not based on charting like Market Profile and some of HFT formulations based on market speed and volume, and market breadth.

Let me ask you this, if you didn't have CCI, can you trade?

Thank you for your comments
Yes I can trade without CCI. As I said at my prologue this is only one of my strategies. I have many of them. Some based on indicators, some based on price action and some combined.
Anyway it is really awesome that you have been trading 39 years! That was the time when you had to call your broker for opening position and moving stop loss and so on. The time when you had to pay for trading data. You will probalby know "tape reading" (orderflow) accord my opinion one of the most powerful tools ever. What do you think?