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Trading Without Charts?

  • #21
  • Nov 28, 2015 2:51pm Nov 28, 2015 2:51pm
Quoting alphaomega
The charts are just another tool.....may be useful for some people in some circumstances, but in general they are not necessary, and only create more noise, confusion and distraction. I personally stopped using charts years ago, and never looked back. In my opinion, classical technical analysis is very inconsistent and inefficient way to look at the market.

Can you please enlighten us on how you think it is best to look at the market and make trading decisions?
  • #22
  • Nov 28, 2015 5:28pm Nov 28, 2015 5:28pm
Quoting rajupujari
How is that even possible? Charts giving the where is the demand and supply.If you don't look at chart,how do you know that? If anyone having any ideas about it, can share it.Please.
I could tell you how I do it, but then I would have to kill you so I think I'll keep my mouth shut then.
"Is that a real ROLEX? Yes! Same, same but different!"
  • #23
  • Nov 28, 2015 10:02pm Nov 28, 2015 10:02pm
Quoting piple
{quote} Can you please enlighten us on how you think it is best to look at the market and make trading decisions?
The stuff you see on this pic is what made me think there is a way to trade the forex market without charts.
These guys are professional bank traders and if you look carefully, you will see that there are no charts on their screen.
Attached Image (click to enlarge)
Click to Enlarge Name: zQFz4qa.png Size: 568 KB
"Is that a real ROLEX? Yes! Same, same but different!"
  • #24
  • Nov 28, 2015 10:55pm Nov 28, 2015 10:55pm
well, everyone have their own way, each look for their own methods.
  • #25
  • Nov 28, 2015 11:09pm Nov 28, 2015 11:09pm
Quoting alphaomega
The charts are just another tool.....may be useful for some people in some circumstances, but in general they are not necessary, and only create more noise, confusion and distraction. I personally stopped using charts years ago, and never looked back. In my opinion, classical technical analysis is very inconsistent and inefficient way to look at the market.
Totally agree with you.
  • #26
  • Nov 28, 2015 11:14pm Nov 28, 2015 11:14pm
Attached Image


I'll say : If you can see it, you can measure it, manage it and improve on it.
Elliott Wave for optimum entry, exit and risk management of trades
  • #27
  • Nov 29, 2015 12:31am Nov 29, 2015 12:31am
Charts are not absolutely necessary if you are following the central banks. Just follow the ECB and the Fed and you will know the path of least resistance for the EURUSD is lower. Don't need a chart to make money.
  • #28
  • Last Post: Nov 30, 2015 4:15am Nov 30, 2015 4:15am
Quoting firesword
{quote} The stuff you see on this pic is what made me think there is a way to trade the forex market without charts. These guys are professional bank traders and if you look carefully, you will see that there are no charts on their screen. {image}


The pic looks pretty, no doubt. How do they do it then, we are all in this to make money you know?
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