Do you trade with or without a chart? | Forex Factory

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Do you trade with or without a chart?

  • Poll

  • Do you trade with or without a chart?
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  • #1
  • First Post: Apr 28, 2007 11:08am Apr 28, 2007 11:08am
Do you trade with or without a chart?

Please vote on the poll.

Thank you.
  • #2
  • Apr 28, 2007 1:32pm Apr 28, 2007 1:32pm
With a chart. When I first started I traded without a chart, going mostly by high and low of the day, if it was close too the high I would short for 20-30 etc. Surprisingly it's rather effective for being so simple, you do get caught in bad trades sometimes, but I did rather well using that method. It could of just been beginners luck though.
  • #3
  • Apr 28, 2007 1:43pm Apr 28, 2007 1:43pm
Cleaver question. but i need to give one questioin back.

What whoud indicators/fundamentals do with out no chard?
  • #4
  • Apr 28, 2007 2:04pm Apr 28, 2007 2:04pm
Go to search and look for the thread that was introduced a few weeks ago on this same subject. I was really surprised at the many people that did not use charts.
  • #5
  • Apr 28, 2007 10:02pm Apr 28, 2007 10:02pm
charts yes, indicators no.
  • #6
  • Apr 28, 2007 10:35pm Apr 28, 2007 10:35pm
i flip coins.
BAM BAM BOOM! -bravado
  • #7
  • Apr 29, 2007 2:29pm Apr 29, 2007 2:29pm
I believe a chart is very helpful for technique analysis
  • #8
  • Apr 29, 2007 2:41pm Apr 29, 2007 2:41pm
Quoting profitplay
Do you (work) with or without a chart?
Thank you.
Geez, I hope my Doctor isn't reading this.
  • #9
  • Apr 29, 2007 3:39pm Apr 29, 2007 3:39pm
I spin the Gann wheel.
  • #10
  • Apr 29, 2007 6:08pm Apr 29, 2007 6:08pm
Quoting Bemac
Geez, I hope my Doctor isn't reading this.
Warren Buffet does not use charts.


Warren Buffett is currently working on an animated series with DiC Entertainment chief Andy Heyward. According to information presented by Buffett at the Berkshire Hathaway annual meeting on May 6, 2006, the series will feature Buffett and Munger in roles and the series will teach children healthy financial habits for life. Cartoon drawings of Buffett and Munger were displayed throughout the events during the weekend and the special movie before the meeting began was in animation form by Heyward.
One of the reasons he left the Wharton School at University of Pennsylvania is because he believed he knew more than the professors.

He does not carry a cell phone, does not have a computer at his desk, and drives his own car.[22]

http://en.wikipedia.org/wiki/Warren_buffet
  • #11
  • Apr 29, 2007 6:25pm Apr 29, 2007 6:25pm
Quoting Mother
Cleaver question. but i need to give one questioin back.

What whoud indicators/fundamentals do with out no chard?
Now, thats a clever question. I think Warren Buffet can answer that one.
  • #12
  • Apr 29, 2007 6:34pm Apr 29, 2007 6:34pm
Quoting profitplay
[Buffet] does not carry a cell phone, does not have a computer at his desk, and drives his own car.[22]
I read an article recently that said a good indicator a stock is going to tank is if its CEO/President blows millions of dollars on a new mansion. The article ended with the fact that Warren Buffet still lives in his modest house in Omaha that he bought a long time ago for $31,500.
  • #13
  • Apr 29, 2007 6:38pm Apr 29, 2007 6:38pm
Yeah but Buffet doesn't trade forex. I can't imagine how someone could trade forex without ever looking at a chart? HOw is it done?
  • #14
  • Apr 29, 2007 6:48pm Apr 29, 2007 6:48pm
Quoting turk87
Yeah but Buffet doesn't trade forex. I can't imagine how someone could trade forex without ever looking at a chart? HOw is it done?
Ummm... didn't he dump billions of dollars for Euros a few years ago? That's still FOREX because it was done on the interbank market.

Remember, before retail traders, the only traders besides banks on the FOREX market was multinational corporations who needed to move large volumes of various currencies back and forth.
  • #15
  • Apr 29, 2007 7:41pm Apr 29, 2007 7:41pm
Quoting turk87
Yeah but Buffet doesn't trade forex. I can't imagine how someone could trade forex without ever looking at a chart? HOw is it done?
You should read the BRK annual report, its on page 17...
  • #16
  • Apr 30, 2007 5:18am Apr 30, 2007 5:18am
Look at this previous thread on this subject: http://www.forexfactory.com/showthre...963#post256963

I wish every trader many pips this week
  • #17
  • Apr 30, 2007 5:27am Apr 30, 2007 5:27am
Quoting ScottH
charts yes, indicators no.
凹凸 only
  • #18
  • Apr 30, 2007 9:15am Apr 30, 2007 9:15am
Quoting turk87
Yeah but Buffet doesn't trade forex. I can't imagine how someone could trade forex without ever looking at a chart? HOw is it done?

I think you need to do a little research on our friend Warren. He makes mega mega bucks on forex each year. The only headline you see is the last one when he decided to pull out for a loss ( probably had something to do with taxes).

Incidently, Warren probably doesn,t do it himself HE HAS PEOPLE......
  • #19
  • Apr 30, 2007 10:08am Apr 30, 2007 10:08am
Quoting bballfan31
I think you need to do a little research on our friend Warren. He makes mega mega bucks on forex each year. The only headline you see is the last one when he decided to pull out for a loss ( probably had something to do with taxes).

Incidently, Warren probably doesn,t do it himself HE HAS PEOPLE......
I think it had to do with interest rates. Longer term currency traders have to worry about that more than intraday traders. The gains he made from shorting the USD weren't enough to overcome the money lost due to rising interest rates.

However, he's still bearish on the USD because the trade deficit is huge and isn't letting up anytime soon.
  • #20
  • May 7, 2007 4:27pm May 7, 2007 4:27pm
This is like asking if you drive with or without your eyes opened.

And Buffet lost over $1B shorting the dollar. Signal before you turn, and always stop at the red.
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