Trading Without Charts?

This is a discussion on Trading Without Charts? within the Home Trader forums, part of the Trading Career category; Originally Posted by timsk I agree with Tom. As far as I'm aware, there are broadly only two categories of ...

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Old Aug 31, 2009, 4:04pm   #9
 
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Quote:
Originally Posted by timsk View Post
I agree with Tom.
As far as I'm aware, there are broadly only two categories of market speculators that don't want or need charts:
1. Scalpers who use the DoM price ladder, level II and T&S.
2. LTBH fundamental investors.
If you don't fit into one or other of those two camps then, likely as not, charts are going to feature in your decision making process at some point or other.
Tim.
wrong wrong wrong wrong
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Old Aug 31, 2009, 4:05pm   #10
 
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Originally Posted by virtuos0 View Post
Why not also trade with a blindfold, ear muffs and a soft-toy stuffed in your mouth?

It is possible to take things too far.
sooooooooooooo wrong
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Old Aug 31, 2009, 4:05pm   #11
 
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Originally Posted by Ambrose Ackroyd View Post
Trading without charts could also be performed to music, most notably..."Flying without wings".
so wrong it's almost comical
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Old Aug 31, 2009, 4:06pm   #12
 
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Originally Posted by tomorton View Post
I think that's how true scalpers do it, i.e. scalping the bid/offer spread, effectively by just tape-reading. A chart would not be needed for this, there would be no time for TA anyway. I don't think this will be easy.
wrong Tom, very easy
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Old Aug 31, 2009, 4:07pm   #13
 
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Originally Posted by ajt1970 View Post
Anyone with ideas on how to do this? I already don't use indicators. Now I would like to get rid of the charts and trade just on order flow, time of day, or anything else.....any good ideas?
yes
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Old Aug 31, 2009, 4:18pm   #14
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Hi r_e,
I can't speak for the others who are 'wrong', but I for one am happy to stand corrected. After all, I did say 'as far as I'm aware'. But, four 'wrongs' of varying intensity and one 'right' isn't quite the helpful and insightful advice that one might hope for from a 'T2W Advisor'. A tad more detail would be most welcome, please!

Tim.
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Thanks! The following members like this post: apmf , cuotes
Old Aug 31, 2009, 4:19pm   #15
 
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i already resigned several weeks ago
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Old Aug 31, 2009, 4:24pm   #16
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Even so, reasons why those of us are wrong would be helpful, otherwise I can't see much point in your posts.
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