Trading Without Charts?

ajt1970

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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?
 
That's quite kinky, isn't it?

not if you're an MP locked in a cupboard hanging from the coat rail...or David Carradine RIP...
I've often thought, as an experiment, if you could trade from just the MACD and stoch...can't be ar5ed trying it but....
 
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?


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.
 
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.
 
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?

Hi

you do not require charts to trade effectively (in profit) imvho and experience

you asked :)

but ~

do not let anyone else influence you regards your own ideas

explore the idea yourself would be my advice

latter

Andy
 
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
 
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
 
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.
 
Even so, reasons why those of us are wrong would be helpful, otherwise I can't see much point in your posts.
 
pick a price (at random if you don't believe in PPs)
decide what you're going to do when price hits that price
set in advance your Stop or Limit entries on the DOM
pre-set Targets, SL, movement of SL etc
go to pub

rinse & repeat....and not a chart in sight .......

and yes, this IS what I do every day ......
 
pick a price (at random if you don't believe in PPs)
decide what you're going to do when price hits that price
set in advance your Stop or Limit entries on the DOM
pre-set Targets, SL, movement of SL etc
go to pub

rinse & repeat....and not a chart in sight .......
Okay, I'll edit my original post (in blue) to take account of your approach.

I agree with Tom.
As far as I'm aware, there are broadly only three 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.
3. Those that trade like r_e (quoted)
If you don't fit into one or other of those three camps then, likely as not, charts are going to feature in your decision making process at some point or other.

Now, broadly speaking, does this meet with your approval?
:cheesy:
Tim.
 
pick a price (at random if you don't believe in PPs)
decide what you're going to do when price hits that price
set in advance your Stop or Limit entries on the DOM
pre-set Targets, SL, movement of SL etc
go to pub

rinse & repeat....and not a chart in sight .......

and yes, this IS what I do every day ......

I do remember in one of your posts you mentioning: Half od the time I do not even look at the charts. What about the remaining half an hour then?

best wishes
 
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.

Tim, RE scalps like a mohican on X/bolivian marching powder, who's just grown a pair of bollox...scalping is his thing...:D
 
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