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Finally Naked

  • #61
  • Feb 10, 2007 9:41am Feb 10, 2007 9:41am
Quoting Craig
I'm saying let's evaluate some situations, try and get a feel for the different approaches.
Oh, you want to collect some systems to trade or sell? Why try and get a feel for it? Just trade and make money... LoL
  • #62
  • Feb 10, 2007 10:09am Feb 10, 2007 10:09am
Quoting Craig
I'm saying let's evaluate some situations, try and get a feel for the different approaches.
That's fine. I think we can actually help each other to develop a solid trading plan including but not limited to a system that is price based or indicator based or both.
  • #63
  • Feb 10, 2007 7:16pm Feb 10, 2007 7:16pm
I must have been unclear, I don't want to develop a system, I just wanted to see if indicator setups where giving signals that price action could not. Obvously I have made my position clear, but I thought it would be a useful excercise in comparing methods.
The breaking of a wave cannot explain the whole sea.
  • #64
  • Feb 10, 2007 7:48pm Feb 10, 2007 7:48pm
Quoting Craig
I must have been unclear, I don't want to develop a system, I just wanted to see if indicator setups where giving signals that price action could not. Obvously I have made my position clear, but I thought it would be a useful excercise in comparing methods.
It would be great if you give us an example with price action and then we seek for indicator based solution.
  • #65
  • Feb 10, 2007 8:25pm Feb 10, 2007 8:25pm
i am just using candle formation, and breakout of support resistance and fibo for target.
  • #66
  • Feb 10, 2007 10:43pm Feb 10, 2007 10:43pm
Ok, I took this break on friday...London open below the line and off she goes...
Attached Image
The breaking of a wave cannot explain the whole sea.
  • #67
  • Feb 10, 2007 10:47pm Feb 10, 2007 10:47pm
Here is another one from this week...set a sell limit under the 1.9654 resistance level.
Attached Image
The breaking of a wave cannot explain the whole sea.
  • #68
  • Edited 3:00am Feb 11, 2007 2:57am | Edited 3:00am
Yay! I am a Price Action Guy! Yay! I am an Indicator guy!

Honestly, what do you guys ge by arguing such a thing? A naked chart might be making you thousands now, so do many of the indicators out there...But at the same time, the same system is taking away money from many people too!!! It's not about from which school of thought you're from, but how much you actually master the tools of trade, Whether you're using indicators or trading naked chart, it's still not a holy grail..You can still lose money, so why arguing whose system is better than whom???? Whatever system of style you're using, everything still depend on you!! No matter how automated you system is, it's still coded and being monitor by you!! So, if you sux, you system will sux too.... Plain and simple...
I am just here to talk nonsense =D
  • #69
  • Feb 11, 2007 6:04am Feb 11, 2007 6:04am
Quoting Zarul Shahrin
Yay! I am a Price Action Guy! Yay! I am an Indicator guy!

Honestly, what do you guys ge by arguing such a thing? A naked chart might be making you thousands now, so do many of the indicators out there...But at the same time, the same system is taking away money from many people too!!! It's not about from which school of thought you're from, but how much you actually master the tools of trade, Whether you're using indicators or trading naked chart, it's still not a holy grail..You can still lose money, so why arguing whose system is better than whom???? Whatever system of style you're using, everything still depend on you!! No matter how automated you system is, it's still coded and being monitor by you!! So, if you sux, you system will sux too.... Plain and simple...
I couldn't agree more.

I just tried to show some newbies who visit this trade that it's not about which system you use. It's about avoiding discretional trading.
  • #70
  • Feb 11, 2007 6:26am Feb 11, 2007 6:26am
Quoting ktrade

Almost ALL professional traders (including myself) use indicators.

WHAT'S THE PROBLEM?
I'm not so sure.

I have difficulty believing that professional fund managers or floor traders say, "Hey look, my Short and Long Term MA's are crossing," or, "My RSI is overbought!"
  • #71
  • Feb 11, 2007 8:46am Feb 11, 2007 8:46am
Quoting Craig
Ok, I took this break on friday...London open below the line and off she goes...
OK... here you go...
http://img105.imageshack.us/img105/7906/gbpusdih3.png
  • #72
  • Feb 11, 2007 8:49am Feb 11, 2007 8:49am
Quoting backinblack
I'm not so sure.

I have difficulty believing that professional fund managers or floor traders say, "Hey look, my Short and Long Term MA's are crossing," or, "My RSI is overbought!"
Alan Hull does not manage billion dollar funds?
Alan Hull
  • #73
  • Feb 11, 2007 8:54am Feb 11, 2007 8:54am
This is going nowhere, ciao! and good luck!
The breaking of a wave cannot explain the whole sea.
  • #74
  • Feb 11, 2007 8:57am Feb 11, 2007 8:57am
Quoting Craig
This is going nowhere, ciao! and good luck!
You are not going anywhere; not others... Ciao; Ha da... Lykke Til... LoL
  • #75
  • Feb 11, 2007 9:57am Feb 11, 2007 9:57am
Quoting linuxtroll
You are not going anywhere; not others... Ciao; Ha da... Lykke Til... LoL
Thanks very much for your quick response. I think there is no point to argue which method is better, relying on indicators, or price actiona, or fundamentals, or whatever. The important point is to stick with a solid approach to the market not to rely on your instincts or intuition or whatever you want to call it. Discipline, Psychology of trade, entry/exit strategy, money management, and risk management. A combination of all these help traders to be successful traders.
  • #76
  • Feb 11, 2007 10:41am Feb 11, 2007 10:41am
Quoting aparsai
Thanks very much for your quick response. I think there is no point to argue which method is better, relying on indicators, or price actiona, or fundamentals, or whatever. The important point is to stick with a solid approach to the market not to rely on your instincts or intuition or whatever you want to call it. Discipline, Psychology of trade, entry/exit strategy, money management, and risk management. A combination of all these help traders to be successful traders.
Yes... Absolutely...
Attached File(s)
File Type: pdf mantra.pdf   122 KB | 903 downloads
  • #77
  • Feb 11, 2007 1:20pm Feb 11, 2007 1:20pm
What was that on the chart u posted earlier
what kind of indicator was that id like to know
  • #78
  • Feb 11, 2007 2:39pm Feb 11, 2007 2:39pm
Quoting linuxtroll
Yes... Absolutely...
The attached document looks very good. Thanks for sharing it with us.
  • #79
  • Feb 11, 2007 7:49pm Feb 11, 2007 7:49pm
Quoting pak7577
What was that on the chart u posted earlier
what kind of indicator was that id like to know
Multiple Moving Averages...
  • #80
  • Feb 11, 2007 7:58pm Feb 11, 2007 7:58pm
Quoting linuxtroll
Multiple Moving Averages...
Can you post the code here for us? jk
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