Trading Without Charts?

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Old Aug 29, 2009, 3:39am   #1
 
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Trading Without Charts?

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?
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Old Aug 30, 2009, 11:46pm   #2
 
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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.
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Thanks! The following members like this post: Purple Brain , remme001
Old Aug 31, 2009, 11:07am   #3
 
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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.
That's quite kinky, isn't it?
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Old Aug 31, 2009, 12:16pm   #4
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Trading without charts could also be performed to music, most notably..."Flying without wings".
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Old Aug 31, 2009, 1:05pm   #5
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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....
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Old Aug 31, 2009, 2:32pm   #6
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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?

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.
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Old Aug 31, 2009, 3:05pm   #7
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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.
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Old Aug 31, 2009, 4:03pm   #8
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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?
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
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