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Price is everything

  • #28,861
  • Jul 12, 2013 10:02am Jul 12, 2013 10:02am
Quoting eleva_urune
Do you guys really think indicators work?
Indicators... what are those? This is what my chart looks like.
Attached Image (click to enlarge)
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  • #28,862
  • Jul 12, 2013 10:22am Jul 12, 2013 10:22am
Attached Image (click to enlarge)
Click to Enlarge Name: 7.12ujshort.png Size: 48 KB


Collected abou 60 pips on this one . Have a good weekend all
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,863
  • Jul 12, 2013 10:26am Jul 12, 2013 10:26am
Quoting eleva_urune
Do you guys really think indicators work?
They are a tool. Right tool for the right job is all. I will throw an indi on the chart once in a while just for the sake of trying to understand something. But I don't rely on them. PA is the only thing I rely on. Wrong indi would be like using a screw driver to put in a nail. Can be done with enough whacks and bloody thumbs, but use a hanmmer
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,864
  • Edited Jul 13, 2013 9:09am Jul 12, 2013 10:36am | Edited Jul 13, 2013 9:09am
Quoting eleva_urune
Do you guys really think indicators work?
That's like saying: "Does math work?" They are just math equations. How can they not work so long as the equation is valid?

Even the most basic tools such as a hammer, screwdriver, paint brush or wrench remain a mystery or beyond the ability of many to use. However, it is obvious that they work.

The question is: Can you make any indicators work to be useful to you?

As many of us use it here, price action is the primary indicator in trading. So, asking if an indicator works is kind of like asking if price works. It depends on what your expectation of what it will do and when is.

Edit: Oops. Sorry Rufus and Venice. Didn't mean to be redundant. I hadn't refreshed the page to see your replies.
Charts are limited in nature. What is the relative location?
  • #28,865
  • Jul 12, 2013 10:39am Jul 12, 2013 10:39am
Charts are boring and slow now.....Soooooooooooooooo...Activity here picks up. Besides its poets day. Push Off Early Tomorrow is Saturday
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,866
  • Jul 12, 2013 10:40am Jul 12, 2013 10:40am
Quoting Rufus
Charts are boring and slow now.....Soooooooooooooooo...Activity here picks up. Besides its poets day. Push Off Early Tomorrow is Saturday
You got it matey... time to
  • #28,867
  • Jul 12, 2013 10:58am Jul 12, 2013 10:58am
thanks for all the replies rufus, really appreciate it.

anyone have a link to a good pivot indicator?
  • #28,868
  • Jul 12, 2013 11:19am Jul 12, 2013 11:19am
Price Action ... Enjoy the weekend friends ...
Attached Image (click to enlarge)
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  • #28,869
  • Jul 12, 2013 11:31am Jul 12, 2013 11:31am
very interesting thanks for sharing
  • #28,870
  • Jul 12, 2013 6:02pm Jul 12, 2013 6:02pm
I use two indicators as a guide.learning how the mkt your trading moves by watching price action is beyond value.
  • #28,871
  • Jul 16, 2013 5:21pm Jul 16, 2013 5:21pm
from SS to red. still the best thread ever. learning a lot from this thread. I wished there's someone as good as him who'd continue posting on his legacy. Nevertheless, thanks red and fellow traders who have contributed.
  • #28,872
  • Jul 19, 2013 3:41am Jul 19, 2013 3:41am
No doubts this is one of the best price action threads.

Happy to see regular updates on this thread.
  • #28,873
  • Jul 19, 2013 8:23am Jul 19, 2013 8:23am
Quoting Venice
{quote} Indicators... what are those? This is what my chart looks like. {image}
Well said Venice!
Indicators are waste of time.
Here is my chart (and one of my successful trade based on naked price action and candle stick analysis):
Buy: 0.91700
Close : 0.92100
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4-yesterday.png Size: 21 KB
  • #28,874
  • Jul 19, 2013 8:28am Jul 19, 2013 8:28am
Quoting Paraipan
Price Action ... Enjoy the weekend friends ... {image}
You have bagged a lot of pips!...congrats.
  • #28,875
  • Jul 19, 2013 8:37am Jul 19, 2013 8:37am
Quoting Red Herring
{quote} Well said Venice! Indicators are waste of time. Here is my chart (and one of my successful trade based on naked price action and candle stick analysis): Buy: 0.91700 Close : 0.92100 {image}

Very good trade. I am still learning PA & testing on a demo account.
  • #28,876
  • Jul 19, 2013 8:38am Jul 19, 2013 8:38am
Attached Image (click to enlarge)
Click to Enlarge Name: 7.19.13ej short.png Size: 67 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,877
  • Jul 20, 2013 2:18pm Jul 20, 2013 2:18pm
Hey Guys Red Hering, Rufus, and everyone else, I like the confidence you have on
Price Action and your effort to ignore indicators. I like it and will really like to
post those nice trades, and bare charts.

Danny
  • #28,878
  • Jul 21, 2013 11:27am Jul 21, 2013 11:27am
Quoting Red Herring
{quote} You have bagged a lot of pips!...congrats.
Thanks mate !!
  • #28,879
  • Jul 21, 2013 12:02pm Jul 21, 2013 12:02pm
missing redsowrd11's LIVE OPEN POSITIONS....
Simplicity Is The Ultimate Sophistication ~LDV~
  • #28,880
  • Jul 22, 2013 6:54am Jul 22, 2013 6:54am
Quoting brendad
{quote} Very good trade. I am still learning PA & testing on a demo account.
I have a tips:
keep the image of all your demo trade and check back later where you failed and try to find relations about your losing trades based on images (charts/candles)...
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