Nothing Beats Price Action, Everything Else is Derivative

HolyGrail · May 13, 2008

Quote from jack hershey:

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

Trading with indicators is the equivalent of a baseball batter watching the stadium jumbotron to determine when to swing. And yes, the bat is not a friggin indicator, nor are golf clubs.

bahdabing · May 13, 2008

Quote from jack hershey:

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

See Jack Trade?
See Jack golf?
See Jack lose 24% on his first big trade?
See Jack slice the fucking ball inot the street out of bounds?
See Jack blame all the stupid people?
See Jack use four golf carts loaded with completely useless golf gadgets?

See Jack Stiff the poor fucking 13 year old caddy who had to listen to all his bullshit?

yoohoo · May 13, 2008

Quote from MandelbrotSet:

...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. [/B]

If it works for you, whatever it is, I'm all on for it.

MandelbrotSet · May 13, 2008

Quote from HolyGrail:

Trading with indicators is the equivalent of a baseball batter watching the stadium jumbotron to determine when to swing. And yes, the bat is not a friggin indicator, nor are golf clubs.

Exactly

This may very well be why we have the "many traders fail" mantra. The ball is actually three feet behind them when they finally swing!

MandelbrotSet · May 13, 2008

Quote from yoohoo:

If it works for you, whatever it is, I'm all on for it.

The thing about using price action in conjuction with technical analysis is that you are going to have to be patient and actually wait for the market to tell you an opportunity is in front of you.

Then take it when it tells you to.

And finally exit the trade when it tells you the party is over.

"In the meantime many indicators will just have begun to signal a move."

jack hershey · May 13, 2008

LOL...it was sooo funny to see that bighog post.

"just the ball and him"..

Sooooo funny.

BTW, Spyder really knows his way around the golf scene.

Seriously get the youtube on how golf was invented as told by Robin Williams.

NakedNote · May 13, 2008

Read very carefully my friends. On threads like this is where you tell the amateur from the pro, the snake oil from the well intentioned trader and so forth.

This will help you narrow down who to read in the past present and future and who to ignore.

NN

MandelbrotSet · May 13, 2008

Quote from jack hershey:

LOL...it was sooo funny to see that bighog post.

"just the ball and him"..

Sooooo funny.

BTW, Spyder really knows his way around the golf scene.

Ah jack, you're just going on attack against bighog here, probably upset that he said something so usefull and intelligent? ... hmmm?

Don't be jealous.

jack hershey · May 13, 2008

Quote from MandelbrotSet:

The thing about using price action in conjuction with technical analysis is that you are going to have to be patient and actually wait for the market to tell you an opportunity is in front of you.

Then take it when it tells you to.

And finally exit the trade when it tells you the party is over.

"In the meantime many indicators will just have begun to signal a move."

In golf these types of indicators are called umbrellas and ponchos

Bingoking · May 13, 2008

Indicators lag price.
And a price chart lags the DOM.
You can see market turns on the DOM before you see the price prints on a chart.