On the fundamentalism of PA traders

[AlmostGotIt]

Quote from Smurfie:

Hey AlmostGotIt

I wrote you a long answer, but then I kinda thought it looked more like an autobiography of my trading life, and it would interest no one.

Basically, I use three indicators found in most charting packages: An EMA, Keltner channels and MACD. I also use standard candlesticks.

thanks for giving some details smurfie. i asked for your setup so we could talk about technical stuff, but I just read your starter post over again and realized this thread is a social question more than it is a technical one.

most of the time lagging indicator really means lagging indicator.

its for you to decide why you read it as you are inferior fuck you indicator.

 

[Buy1Sell2]

Quote from Anekdoten:


Nothing beats price, price is the absolute truth anything based on price is by definition slower and logically, inferior, but to some, at the present time, they might look superior due to their own chart reading disabilities, they haven't got it yet, they are price action disabled.

The correct way to analyze charts and to trade is with a combination of price and indicators. Anyone who tells you that one or the other by themselves is the way to trade is far behind the pack in employing the correct tools. Thank you for your time.

 

[fearless9]

Quote from Buy1Sell2:

The correct way to analyze charts and to trade is with a combination of price and indicators. Anyone who tells you that one or the other by themselves is the way to trade is far behind the pack in employing the correct tools. Thank you for your time.

morning B1S2,

Any similar thoughts on the correct way to enter a market.

regards
f9

 

[Joab]

This is really a SIMPLE subject with a SIMPLE answer.

If your making money and your happy about how you are doing it then shut the F up and leave other people alone.

I use whatever I have too, to help me get an understanding or where PRICE is going and I use indicators as well as price action as well as channels etc, etc.. I would even use dog shit if it helped me make more money.

If your in this business because you have to be right then your already beat. Be in this business to make money and that's it.

To each their own

 

[Anekdoten]

Quote from Buy1Sell2:

The correct way to analyze charts and to trade is with a combination of price and indicators. Anyone who tells you that one or the other by themselves is the way to trade is far behind the pack in employing the correct tools. Thank you for your time.

Well obviously I disagree 100% so we'll have to agree to disagree

Anek

 

[Charly]

Quote from Anekdoten:



2) Because ultimately I decide who deserves a reply and who does not.
####################################################

Obviously you are right.

Since I don't have the time to find out what you have posted recently (really sorry about that) I would appreciate, indeed to see what are you using in these abnormal times.
Your posts pointed me towards Volume charts (fortunately) however, for me it's very difficult presently to find "decent" parameters.
Thanks for taking the time.

Charly

 

[jmonday]

Quote from Charly:

Quote from Anekdoten:



2) Because ultimately I decide who deserves a reply and who does not.
####################################################

Obviously you are right.

Since I don't have the time to find out what you have posted recently (really sorry about that) I would appreciate, indeed to see what are you using in these abnormal times.
Your posts pointed me towards Volume charts (fortunately) however, for me it's very difficult presently to find "decent" parameters.
Thanks for taking the time.

Charly

Anek uses volume 10k + 100k anchor and a time based 5sec chart for entries and he's damn good at it. The best i've ever seen, but whats even more impressive is his willingness to help and teach others...

 

[El OchoCinco]

Quote from Buy1Sell2:

The correct way to analyze charts and to trade is with a combination of price and indicators. Anyone who tells you that one or the other by themselves is the way to trade is far behind the pack in employing the correct tools. Thank you for your time.

Funny how anyone can feel they have the authority to state the "correct" way. Traders always need to justify their own ego by ensuring that others agree with the way they trade as being the only way and the "correct" way.

One thing all major league in baseball agree on, if a guy is hitting .300 or 30 homers a year on average, you do not try and fix his batting stance to what you deem to be "correct" you let him hit the way he is comfortable and successful (Nomar comes to mind).

Thousands of ways to trade and make money as many traders do and no one person is an authority to state the only "correct" way to trade.

 

[rolextrader]

Quote from Cutten:

Here's a question - why do PA traders use charts? After all, it's not a true representation of price action. How many are willing to trade only by watching the price.

NONE.

All the ones I know are using charts and looking for patterns. Without those charts, their trading would suffer. Perhaps the charts are a crutch?

Show me a trader who successfully trades only off the tape and I'll be impressed.

 

[AlpineTrout]

Quote from optioncoach:

One thing all major league in baseball agree on, if a guy is hitting .300 or 30 homers a year on average, you do not try and fix his batting stance to what you deem to be "correct" you let him hit the way he is comfortable and successful....

Didn't Tiger Woods change his swing when he was already the best in the world? Isn't it possible to hit .400 or hit 50 homers a year?