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 HawkTrader Thanks TF. How does this work for the trader though, do some people base whole methods ...

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Old Sep 1, 2009, 2:33pm   #46
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Originally Posted by HawkTrader View Post
Thanks TF. How does this work for the trader though, do some people base whole methods just on the Market Depth?
Yes HT, they do. (Some) institutional day traders (specifically scalpers) will work the market depth ladder and not use charts at all. Before someone shouts at me, I suppose I should add that there will be some retail day traders who do the same thing - or a variation thereof, e.g. rathcoole_exile (from earlier in the thread).
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Old Sep 1, 2009, 2:34pm   #47
 
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Oh dear TF, you've done it now. Give it half an hour or so and some 15 year old will be on 'ere telling us all how to scalp that for a couple of ticks!
Not sure if this is directed at me? I was only asking since I've heard it thrown around here and there, yet there is so little written about it. There is more about useless indicators and it doesn't help as I'm studying price action...
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Old Sep 1, 2009, 2:41pm   #48
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Not sure if this is directed at me?
No, not you HT. TF as in 'Technically Fundamental'. Btw, that fact that you thought it might apply to you suggests that you're only 15. Are you?
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Old Sep 1, 2009, 2:49pm   #49
 
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Lol sorry Timsk. I thought you were talking to TF about me, since your post was directly after mine. And no, I'm not 15... anymore.
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Old Sep 1, 2009, 3:44pm   #50
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Old Sep 1, 2009, 3:50pm   #51
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Originally Posted by Technically Fundamental View Post
lol i just gotta- place a sell limit on 9k sells, place a buy limit on the 6k buys.

Take profits very quick!
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Old Sep 1, 2009, 3:53pm   #52
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Thats sh!t TA

what you gonna do if the bids get cancelled an the price shoots through poor liquidity?
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Old Sep 1, 2009, 3:57pm   #53
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cancel the limit, have a stop 2 points/ticks on every limit.

It's far enough away from market to have time to cancel it, if not you always have your stop
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Old Sep 1, 2009, 4:07pm   #54
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isn't the DOM only 5 levels so the number at the top/bottom is the sum of sells/buys...
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Old Sep 1, 2009, 4:09pm   #55
 
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Originally Posted by TreyTzu View Post
floors traders main strategy is just screaming and shouting
are you a complete moron ?
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Old Sep 1, 2009, 4:13pm   #56
 
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isn't the DOM only 5 levels so the number at the top/bottom is the sum of sells/buys...
***me cr, let the kiddies have their fun, don't go spoiling it with something sensible
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Old Sep 1, 2009, 4:30pm   #57
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***me cr, let the kiddies have their fun, don't go spoiling it with something sensible
got the image off google... why are you being such a bell end lately?
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Old Sep 1, 2009, 4:35pm   #58
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hi trader

gary mate they are still looking for dot to dot,if this does this and this does this,join up the dots and we will all be in the moneyyou know the score .
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Old Sep 1, 2009, 4:37pm   #59
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i was just suggesting a scalping technique
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Old Sep 1, 2009, 4:48pm   #60
 
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gary mate they are still looking for dot to dot,if this does this and this does this,join up the dots and we will all be in the moneyyou know the score .
khrup phom
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