Anyone succesfully using a system?

HaloTrader · May 11, 2009

I was all like .... Whatever.

Mods delete.

GammaJammer · May 11, 2009

Google 'tape reading'. This is kind of what you're saying right? No charts, just look at the price action.

The term tape reading stems from the fact that in the very old days, before computers etc, all that people would have available to them was an old ticker tape printer, spewing out reams of price updates. So the astute traders learned to read between the lines a bit and discern when there was good buying momentum, when it was starting to dry out etc.

Thus today, tape reader is a quaint catch-all description of a person who doesn't need any fancy charts etc to trade, just a price feed. Also known (more colloquially) as a 'darksider'.

shadowninja · May 11, 2009

GammaJammer said:
Also known (more colloquially) as a 'darksider'.

Because they object to electrickery to see at night?

GammaJammer · May 11, 2009

So glad I actually spent time on an answer there. Wtf's going on?

timsk · May 11, 2009

I read it and appreciated it GJ - so your effort wasn't entirely wasted!

Don't agree with it mind - being a 'darksider' that is; indicators are the way to go - more the merrier!
Tim.

GammaJammer · May 11, 2009

I never said it was something I favour 100%, I just described the practise

Jaydee · May 11, 2009

GammaJammer said:
Also known (more colloquially) as a 'darksider'.

Oooooh, a new term to jot down in my trader jargon notebook...:clap: Sounds like something from Starwars too

Anyhow, just to be clear - a darksider is a trader who uses nothing but a L2 and ticker. Correct?

GammaJammer · May 11, 2009

Not sure I ever mentioned L2 - it's not really a product specific term I'd say. Whereas L2 means stocks really.

Jaydee · May 11, 2009

GammaJammer said:
Not sure I ever mentioned L2 - it's not really a product specific term I'd say. Whereas L2 means stocks really.

I always use L2 interchangeably (probably incorrectly) with market depth/order book, etc.

Technically Fundamental · May 11, 2009

GammaJammer said:
I just described the practise

Practice

GammaJammer · May 11, 2009

Aaronmalins said:
I just described the practise

Think you'll find it's practice.

timsk · May 11, 2009

Jaydee said:
Anyhow, just to be clear - a darksider is a trader who uses nothing but a L2 and ticker. Correct?

Not necessarily. It's my understanding (and I may be wrong) that anyone who trades solely off a naked chart (a basic moving average is allowed, but not much else) would or could be described as a 'darksider'.

Technically Fundamental · May 11, 2009

W/E guy

AM 1 - 0 GJ

Mr. Charts · May 11, 2009

darksider = someone wanting to be thought as having special "powers" and weaving mystery around themselves
Load of hydroceles imho

MrGecko · May 11, 2009

What does it matter anyway? Mention being a darksider to anyone outside the sphere of T2W and you will only get funny looks.

Technically Fundamental · May 11, 2009

Are we friends again now Mr Charts?

sighthound · May 11, 2009

MrGecko said:
What does it matter anyway? Mention being a darksider to anyone outside the sphere of T2W and you will only get funny looks.

"I'M A DARKSIDER"

dilesh23 · May 11, 2009

they must have gone to the same surgeon

megamuel · May 12, 2009

Dilesh thats harsh man! Not only was she shot in the face by her husband of all people, now she's the butt of all the jokes too. Poor woman. Anyway, I thought a darksider was anyone who bummed SOCRATES

dilesh23 · May 12, 2009

my bad

Anyone succesfully using a system?

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