Daily and weekly. Occasionally i may dip into day trading (like on Friday), but i try to avoid it.
Trading using with candlesticks only and nothing else
- Thread starter ndtrader14a
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Daily and weekly. Occasionally i may dip into day trading (like on Friday), but i try to avoid it.
Clearly there are several of you who have no idea what trading price is all about. Which is fine.
Have a nice trading day.
Well should someone make light of your Spanish someday, you'll surely feel as insulted as he must.
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I only use rsi macd volume and 2smas on my analytical time frame 1hr.
The actual trading time frame 5min.
price action and volume focusing on specific candles,
early in the day,
long wicks or dojis only.
Some work some don't. Trading only sticks,
i trail the stop on on my trading time frame by each closing candle. Works for me.
%%You're confusing "TA" with "indicators", I think? Trading from bars/candlesticks only is price action trading, for sure - and that's very much part of "technical analysis".
Personally, I use volume as well. No indicators at all, but all my trading is entirely TA-based. (And it was even before I started using volume, too.)
THAT;
+ 50dma\50 period moving average.
Volume can confirm wide bid\ask; doesnt matter for investing. Short term wise, wide bid \ask is a handicap............................. I like some news before open price or after close; so much news is nonsense
,
Candlestick itself is already worth important information from, open high low close from the price based on the timeframe, I think this is a simple way to analyze sentiment market based on the timeframe, t possible to trade based candlestick, but need to combine support resistance level too.
Why would you handicap yourself by intentionally limiting how much information you use?
to keep things simple and avoid paralysis by analysis. I think it was peter brandt who said to trade the price, not the 3-4 letters on the corner of the screen.
The dude sells a news letter lol. Be skeptical of anyone who claims to be a good trader that does not run money.
He's one of several former CBOT guys who now teaches. Either they're all complete frauds or they actually know what they're talking about. I'm leaning towards the latter. At the end of the day, you have to believe something and have someone to learn from, even if it's some guy on investopedia. What would be examples of some good traders from whom you've learned?
And as a side question, since you've worked on the hedge fund side and focus mainly on macros and fundamental catalysts, what's your idea of "technical analysis," and its role in a trader's playbook? Do you side with Anton Kriel that technical analysis is for suckers?