DislikedRather a good understanding of price action: Post 92,204 (5) Regarding those who claim all you need is PA -- haha, what a bunch of crock. You think you are so macho because you don't need indicators. Dudes -- I got news for you -- if you are looking at bars, then you are using an indicator. Bars are indicators. The real data is ticks from your broker. Bars (i.e. OHLC data) are simply a compressed form of tick data that MetaQuotes programmed into MetaTrader to help you better...
If you were trading on tick data, then I would be impressed -- but you aren't. So you are just fooling yourself.
Like other indicators, bars are used to help us visualize certain features of the raw data. To claim you are better at trading
because you use "PA" rather than RSI or MA or Stoch just proves even after all these years you are still clueless
about the underlying data.Ignored
Is that a response to my post ? If so, you missed what I was saying. And Im an indicator junkie actually ! Boy I hope you werent responding to my post because if so, there are A LOT of presumptions here, and for what ? I didnt say anything of the above.
Just expressing ones opinion here is an act of war ? Sorry, goodbye.
If I don't mention SL and/or TP = longer-term setup possibly in the works!