I swear, trading price action only is the hardest damn thing I ever tried to learn.
The books make it look easy, with their hindsight charts!!.."HEY just buy here and sell here!" they say, as price bounces perfectly and predictably off the trend line example they give.
Give me a trading system with indicators. At least then I have a check list to follow...a system...a set of rules, and NOTHING, if very little is left to question, however trading price action is a completely different animal. It's so god damn subjective!. Is it going up, down, backwards or sideways?!?..who the fuck knows.
It SHOULD be easier, but it's not.
In the past three days (since monday) I've been day trading penny stocks using a indicator based system that I've been working on for some time now, and MADE MONEY each day.
Clearly IT IS POSSIBLE to trade this way, and I'm not giving up yet.