I said that, as up till today, I have yet to see someone use an indicator to demonstrate something which can not be learned from the 'naked chart' alone.
i havent spoken about indicators to you directly, but to the whole group who insists they are not needed --- you did notice i stated that i answer MORE THAN ONE person with one post, cause its faster and easier, but that aside i maintain that a naked chart cannot show momentum or strength DIRECTLY (you can interpret, but nothing direct)and therefore becomes valueless beyond the actual trading point !!
Using predetermined target points is often the reason why so many traders exit too soon. Let the chart tell you when to exit or scale out and the problem of exits will resolve itself. No need for prediction.
sure, if theyre wrong !!! using stop losses for exits, a common policy on this site, is pretty wrong also but prediction . . . . . why not --- its fun to see how accurate you can be while youre simply sleeping and taking profit ---- or do you stay up 24/7 scaling and fading and flopping and hen sitting your trades ? How do you handle a trade that wont settle till youre sound asleep --- simply IGNORE IT ??
No, the tape does not "come by every minute or so". The tape are the quotes flickering on your screen. If they move every millisecond, than that's what you need to look at. The tape can be silent, the tape can be all over the place. A tick chart is a fine example indeed.
the "tape" is another of those loved old words that no longer have a really true meaning in the industry, but others cling to and try to accomodate to the new market --- "scalping" is yet another one of them words !
If anything, I have kept an open mind throughout this whole thread. First I admitted you might well use a perfectly fine method, second I said that indicators might well make a trader profit. Nowhere in this thread have I discounted your or anyone else's methods, nor have I said my approach is the only possible one. I did say that anything on top of price is only a confirmation of what's already been told in the chart.
The only one with the 'testosterone' is you my friend. Using CAPS is shouting, using colours to attract attention and mentioning all over the place how fantastic a trader you are because you made 302 trades without a single losing one. You Americans really know how to be humble now
nah my friend --- colors and CAPS are methods of setting off my words from your words in a manner easily read by those who may wish to follow the importance of our postings -- if yours are in black and mine are in blue, the color contrast alone shows who might be asking and who is answering in a manner not available to the writers of old, using quills and monochromatic inks.
They are designed so that one considers words that are important and worthy of notice, as I am not facing you, using differing body languages and gestures, emotional thrusts and parries or any of the other means of communications humans have grown to use with each other !
i just have words, so i must dress those words in the clothing that suits them for the weather i wish them to live in --- they must be prepared for the frosty blast of winter, the wafting waves of spring, the obscene heat of a tropical summer or the gradual greying and change of color of the fabulous fall --- THAT is why there are caps, italics, colors and even sizes and bold in our language --- for the emphasis that we humans normally provide to each other in direct manners.
as far as my 302 trades is concerned --- its my CALLING CARD --
like the silver bullet the masked man leaves at each town he saves -- its my resume, my business card, my "reason of existance" (you like the yank translation of that one ?) --- it defines, in 302 neat little moves, my ability to play 3 dimensional chess and in a world that demands to know "who" you are, it clarifies and gets to the point of the question quickly !
It allows me entrance to a small club down the street,
where pipes and cigars are richly enjoyed along with the company of the most lovely young ladies who serve only the most vintage wines and spirtits for the embibers pleasure ---
it is a badge of honor in a world that has gone money mad and it allows me free passage into "Duncan Doughnuts" !
ANYWAY, MY BACKGROUND IS SHOW BUSINESS --- DO YOU EXPECT ME TO POST IN GRAY ?
For the fifth or sixth time that I have to repeat myself
... this thread is not about you, nor is it about me. I suggest, once more that you go on and continue whatever it is you're trying to proof in your own thread. Several people have invited you to start showing live trades. You can explain and show us all that you wish there.
i am making the most humble observations, concerning concepts, theories and thoughts TO EVERYONE (and not just to you), and now you want live trades -- the next thing youll demand will be the DANCING SEALS and the ONE TRICK PONY !
OK, EURUSD short to 1.5200 --- conceiveably lower, but more when we get closer
take two aspirin and call me the morning we hit that price !
