POLL for short-term index traders: Price only, or other variables too?

[Thunderdog]

I'm curious to know how many other short-term intraday index traders only use price action for their entry and exit decision criteria. If you are a short-term index trader, then please participate in this poll.

 

[GCSICLRBC]

Quote from Thunderdog:

I'm curious to know how many other short-term intraday index traders only use price action for their entry and exit decision criteria. If you are a short-term index trader, then please participate in this poll.

NOTHING beats classic support & resistance. Amateurs use indicators.

 

[Spydertrader]

Price and Volume provide all the information a trader ever needs.

- Spydertrader

 

[Thunderdog]

Quote from Spydertrader:

Price and Volume provide all the information a trader ever needs.

- Spydertrader

I have tried using volume for the manner in which I trade in a number of different ways over an extended period of time (years) and have never been able to make it useful for me. It gives me about the same number of false positives as it does false negatives, so to speak. And so, I only use price.

 

[Turhovach]

Quote from GCSICLRBC:

NOTHING beats classic support & resistance. Amateurs use indicators.

Damn! I've been trading since 1994 and I'm still an amateur. Sheesh. This business is tough...

 

[R. Raskolnikov]

Really?? You haven't turned over enough rocks yet then.

Quote from Thunderdog:

I have tried using volume for the manner in which I trade in a number of different ways over an extended period of time (years) and have never been able to make it useful for me.

 

[spd]

almost everytime ive used a macd "signal" to initiate a trade ive lost money. as soon as the price changes, the indicators change along with it.

 

[ammo]

Quote from GCSICLRBC:

NOTHING beats classic support & resistance. Amateurs use indicators.

pretty much everyone on ET is an amateur,self included ,the supp and res work for me also

 

[Thunderdog]

Quote from R. Raskolnikov:

Really?? You haven't turned over enough rocks yet then.

Say, aren't you Fred Flintsone from down at the quarry?