trading without charts...suicide?

[dac8555]

if your strategy is simple enough, you can do it. Although i dont, beucse it is much faster and easier to use charts...but i think with my system, i could.

say for example if you bought the 52 week, on a breakout with higher volumes...like CANSLIM. you dont need a chart for that, it just helps scan a little faster.

 

[illiquid]

If you trade a single market, day in, day out, you should pretty much get all the important levels in your head anyways.

Is it suicide? You never know til you try, and who knows, you might surprise yourself.

 

[Bitstream]

pushers and surfers; they focus exclusively on the order book and they make charts....their role is to create deception.

 

[Pekelo]

I have a very simple strategy based on pure pricemovement, doesn't require charts. Keep it simple silly...

 

[Bitstream]

Quote from Pekelo:

I have a very simple strategy based on pure pricemovement, doesn't require charts. Keep it simple silly...

if u scalp, what use are charts anyway?
also no much time to look at them if u are constatantly hittin'n'liftin'

 

[Stealth Trader]

Quote from traderpro:

Hes no fake i have seen it/ done it before. That person is trading the pattern/orders he sees in the box. My best runs from years ago was with no chart at all. I had to change my trading style and use charts now but it can be done. P.S traders who use no charts are usually the best traders.

I know of a gentleman who scalps succesfully using nothing on his screen but level 3. He explained the basics to me, but I never was able to grasp it in real time. If I hadn't seen it with my own eyes, I too would have been skeptical. Short answer, yes it can be done, 'but/if'....................


st

 

[Stealth Trader]

Quote from vhehn:

buffet doesn't even use a computer.


And he doesn't DAY trade either. Which IS the topic of discussion!!

st

 

[Stealth Trader]

Quote from QuenkishZakos:

Does George Soros use charts when trading foreign exchange!

Is he a day trader?????


st

 

[ChaosNSX]

News Flash, floor traders have been doing it for years. Its all about the market discovery proccess and validating liquidity levels.

 

[Babak]

I believe Don also trades w/o charts. I'm surprised he hasn't chimed in on this thread already. My 2c is that it all depends on your style. There are thousands of ways to trade/invest and make money. If you want to be successful you gotta look for your own unique style. That is what all market masters have done.