Nothing Beats Price Action, Everything Else is Derivative

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All I know is that when I removed all my indicators/TA and just looked at price, I went from sometimes profitable to consistently profitable. My P&L doesn't lie to me.

My only regret is not doing so from day 1.
 
Quote from bespoke:

All I know is that when I removed all my indicators/TA and just looked at price, I went from sometimes profitable to consistently profitable. My P&L doesn't lie to me.

My only regret is not doing so from day 1.
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It's about figuring out a way, there is no THE way, so all chest beating in favour of price action only can relax ImPO :)
 
Quote from JSSPMK:

It's about figuring out a way, there is no THE way, so all chest beating in favour of price action only can relax ImPO :)
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Says a guy who likes to take divergence trades while the market is trending strongly using a MACD indicator.

That's okay JSSPMK, we still luv ya! :D

P.S. Oh yeah, the thread topic is Nothing Beats Price Action, Everything Else is Derivative, so what you're seeing is not "chest beating", it's actual experience. Notice the lack of a "smiley face", I'm very serious about that one.
 
If you live a derivative life and have never had an original thought in your head since childhood and you have never made a bold daring original move in your adult life to date then you will need to hold onto your "training wheels" with a very tight grip.

If you want to see the proof then just read this thread plus a few others directly relating to the noble art of trading here on ET.

regards
f9
 
Quote from MandelbrotSet:

Says a guy who likes to take divergence trades while the market is trending strongly using a MACD indicator.

That's okay JSSPMK, we still luv ya! :D

P.S. Oh yeah, the thread topic is Nothing Beats Price Action, Everything Else is Derivative, so what you're seeing is not "chest beating", it's actual experience. Notice the lack of a "smiley face", I'm very serious about that one.
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No, you misunderstood what I meant. Unlike some, I don't switch from one method to another continuously, I stick to 1 only, but that's just to clarify what I do.

"nothing beats price action" is a shallow statement, as for every tool and price only is also a tool you need a master to use that tool. You can have 1 trader who uses indicator/s outperforming another one using only price action and of course other way round. THAT's why I said what I did.

Oh yeah, here is a :), I am a peaceful chap.

Best to all!

P.S. So somebody like Buy1Sell2 is unexperienced trader?
 
Stealth, any chance of you posting a real time chart here with some thoughts on what you are watching and what key s/r lines you have drawn in. Very helpful stuff so far. Thanks.
 
Quote from bighog:

hpt

You have a long road yet to travel in "UNDERSTANDING" price action. Viewing and hoping price action as it relates to your "HOPES" is NOT understanding price action at all.

Sorry, but viewing price action just to satisfy your trade is a mistake. The mkt cares less about any persons single trade. Your job is to interpret the action not to wish your will upon it.
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read again dude, "hope" is with the other guy, this has been my living for the last 7 yrs, dont worry i'm ok :D
 
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