Nothing Beats Price Action, Everything Else is Derivative

[TraderZones]

I am awaiting SpyderTrader and Jack Hershey (the king of obfuscation) to come charging in and tell us that it is absolutely ESSENTIAL to make things hypercomplicated if you want success.

"I see dead people. They don't know they are dead. They see what they want to see"

 

[MandelbrotSet]

Quote from bighog:

Golf is you and the ball, anything beyond that is excuse why your score was bad. Trading is you and price. What more do we need to know?

One of the best quotes I've ever read, and the "secret" to honing your skills and making money consistently in any and all markets.

 

[yoohoo]

Quote from MandelbrotSet:

Whereas I had been on the fence before now I have to jump off of it and say that nothing beats price action, ]

Feel like fart in a spacesuit, but whatever... I'm a fan of both PA and indicators combined. Each must stand on it's own merits and together are better... for me.

Mandel I'm interested in how long you were on the fence and more importantly, what finally made you jump off it?

 

[MandelbrotSet]

Quote from ElCubano:

the only indicator i use is P&L .....now that mo-fo never lies....flip a coin pick a side and monitor the p&l to tell you wether to add or unload....

LOLOL, how do you think I "evolved" to using price action?

:eek:

 

[jack hershey]

Quote from bighog:

Holy shit. I thread that in 3 pages has more nuggets of truth than 100 other threads combined. What is this a thread of realists only? ..

I read Joe Ross, bought about 4 or 5 of his overpriced books about a decade or more ago. Overpriced yes, but the nuggets i gleaned have made me many returns so it was a great investment. Joe Ross spoke in plain tough love english because what he was telling the readers was plain talk simple truth about price action. I bought the first book and knew i was going to get the others except options and his sons one about the ponies. I knew plenty of greek restaurant owners in Chicago and the burbs to find out how to lose money at the tracks. I remember once i told "Nick" i was starting to trade futures and he said "i know how to lose a 100 grand in Gold real fast" .. :eek:

Agree with greddy..........bingo, aside from a dam straight old timer like a Joe Ross who can sell price action alone? Right on greddy, you get the brass ring for putting the myth of selling the latest, greatest bunch of "Witchcraft" to rest.

Personally i developed into a price action guy from the process of eliminiation, as my trading progressed i used less and less "TOYS" to understand what price might do next. Trial and error under fire taught me that "LESS IS BETTER". I became fully aware why 90% or more lose in a probability game. Kind of scary to tell you the truth how simple trading can be and still be a very difficult game to even consider to be on top of your game. Golf is you and the ball, anything beyond that is excuse why your score was bad. Trading is you and price. What more do we need to know?

Frankly, were I you and using a golf ball, I would also get and use golf clubs........ G O L F C L U B S........You will be surprised how helpful GOLF CLUBS are when you are playing golf. get the Robin Williams youtube for more details. Don't expect to understand Robin the first few times through, though.

Less may be better BUT clubs do shorten the game a little.

For trading, keep up the amusement. Have you ever been stalled in a tunnel and the fans failed???

 

[jack hershey]

Quote from MandelbrotSet:

One of the best quotes I've ever read, and the "secret" to honing your skills and making money consistently in any and all markets.

boy are you in for a surprise.

 

[jack hershey]

Quote from MandelbrotSet:

LOLOL, how do you think I "evolved" to using price action?

:eek:

You play golf without clubs so you figured to not use tools to trade price.

 

[MandelbrotSet]

Quote from yoohoo:

Feel like fart in a spacesuit, but whatever... I'm a fan of both PA and indicators combined. Each must stand on it's own merits and together are better... for me.

That's cool. Traders trade, and the Price Action is ecumenical (inclusive of other belief systems) in my reality tunnel.

Mandel I'm interested in how long you were on the fence and more importantly, what finally made you jump off it?

Been on the fence for years, constantly looking for the magic indicator that could tell me what price action is going to do before it does it.

Ultimately it's seeing (and making notes in my trading diary) over and over again what happens when I am applying the rules of price action and TA to my trading and ignoring those indicators on my charts, so finally I just took them off and ... voilà!

The moves are fast and distinct, and by the ring of the cash register (positive reinforcement at its best ) I can "hear" the market speaking to me and telling this is the correct way to trade.

 

[bahdabing]

Quote from jack hershey:

Frankly, were I you and using a golf ball, I would also get and use golf clubs. You will be surprised how helpful clubs are when you are playing golf. get the Robin Williams youtube for more details. Don't expect to understand Robin the first few times through, though.

For trading, keep up the amusement. Have you ever been stalled in a tunnel and the fans failed???

Jack, you can't even form a simple KISS sentence about fucking golf for crying out loud. "I would use golf clubs" Duh! WTF Jacko?
And how about two or three fucking putters? Oh, and how about one of those site/distance scopes? You could write a fucking MeinKempf thick book on how to walk the fairways and give it to Spyder to then go back to the caddy shack and recite "the commandments according to Jacko" to all the little caddies.

Then all the little newbie caddies would go out on a loop and tell all the other golfers the nuggets and secrets they "learned" from Spyder who learned from Jack and then the golfers would all start lying about their scores and handicaps to each other all knowing full well that the system of golf according to Jack does'nt work but they won't admit it because they all spent three summers learning the Jacko game of golf and are afraid to admit what a HUGE FUCKING WASTE OF TIME IT FUCKING WAS!!!@!@!!


GEEEEEEEEEEEEEEEEEEZUUUUUUSSSSSS!

 

[MandelbrotSet]

Quote from jack hershey:

You play golf without clubs so you figured to not use tools to trade price.

That's a quote from a response I gave to El Cubano where he refers to the cash register as being the best indicator of all.

I personally agree with him on that statement, but like I said, I'm ecumenical in nature, so if you don't believe that also, it's perfectly fine with me ...

LOLOL, luv ya jack!