trading without any indicators for daytrading?
- Thread starter mounafia
- Start date
I'll be the first to admit, the P.O.P. was at one point a huge hinderance. I don't exactly keep it in my pants around women, but I am aware of the psychological implications of bowing to the P.O.P.
I am also quite partial to hot blondes. The ideal 3-way would be myself, a hot blonde, and a TT terminal with the Euro Futures on the DOM.
No indicators needed
I am also quite partial to hot blondes. The ideal 3-way would be myself, a hot blonde, and a TT terminal with the Euro Futures on the DOM.
No indicators needed
Indicators are just a another way of displaying price...with a lag.
Most efficient strategies I know - there's not a lot of them - are price action only
Most efficient strategies I know - there's not a lot of them - are price action only
Just read the first few pages of this thread, saw the analogy with cars but don't think it's a useful analogy.
Someone mentionned indicators as being similar as a gps in a car - well, except that a gps is accurate and describes the present while giving indication on the near future ("turn right at the next cross" injunction ^^), while indicators give you a quantified view of the recent or not so recent past.
Anyway, I was thinking that maybe a better analogy would be to say that a technical indicator on a chart is more like the graph of a thermometer measuring the body temp of someone who's sick. It's more likely that you'll know how the sickness will evolve if you understand what the sickness is - not by merely looking at the graph (though it can help) or by checking the thermometer manufacturer or quality records.
Ok, markets are not _that_ sick. lol
Humm... really? ^^
Someone mentionned indicators as being similar as a gps in a car - well, except that a gps is accurate and describes the present while giving indication on the near future ("turn right at the next cross" injunction ^^), while indicators give you a quantified view of the recent or not so recent past.
Anyway, I was thinking that maybe a better analogy would be to say that a technical indicator on a chart is more like the graph of a thermometer measuring the body temp of someone who's sick. It's more likely that you'll know how the sickness will evolve if you understand what the sickness is - not by merely looking at the graph (though it can help) or by checking the thermometer manufacturer or quality records.
Ok, markets are not _that_ sick. lol
Humm... really? ^^
Indicators are overrated.
I only use weighted and exponential moving averages, stochastic oscillators, MACD, on balance volume, candlestick formations and RSI.
I only use weighted and exponential moving averages, stochastic oscillators, MACD, on balance volume, candlestick formations and RSI.
oh, is that all...
