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-----Original Message-----
From: T-BONDTRADER <T-BONDTRADER@xxxxxxx>
To: trader@xxxxxxxxxxxxxx <trader@xxxxxxxxxxxxxx>; RealTraders Discussion
Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, July 29, 1998 8:35 pm
Subject: Re: Major Question?
>>BrentinUtahsDixie wrote:
>>
>>> Would you have the analysis Police come and arrest me if I use an
>>> indicator? Can you say that no traders that use indicators have been
>>> successful? That no complicated analysis works. Can't you say that this
>is
>>> your opinion or what seems to work for you? I have some indicators that
I
>>> love and that serve me well so you just wont convince me, but your free
>to
>>> try.
>>>
>>> Brent
>
>
>For reasons best known to the cyberspace manager, I never got the orginal
of
>this post from Brent. However, seeing it here in Essan's post, I thought
I
>would comment as follows:
>
>Please, Brent, use any indicators you like. Good luck to you. No skin of
>my nose, honest. The reason I do not do the In My Humble Opinion bit, is
>that I regard it as tortology. If I am writing the wretched post, it is
my
>opinion! I trade by closely watching the Price Action on the leading edge
>of my screen - having first set up my chart with all the sup/res lines on
>the left. I use one tool, the Fibonacci retracement tool, to tell me
>whether a trend will continue, go nowhere, or reverse. What else can the
>markets do? They may send you up the wall, but they won't go there
>themselves...
>
>For me, there is no point using a lagging indicator when a real live
>ultra-up-to-date indicator is supplied by the market makers as they "take
>money from the public". But you use what you want to and I have no axe to
>grind about what you use - far less trying to convince you otherwise. I
>don't want to be free to try. Why, what do I get out of it, for
>Fibonacci's sake?
>
>I would just like to get rid of the Don Fishback's of this world... Now
>there I do have an axe to grind!
>
>All the best
>
>Bill ykyn
>
>All I felt worth saying was summed up in the words Price Action. If you
got
>betta, good on ya!!
>
>
>
>
>
>>>
>>> > > But guess what? The only indicator you need is called PRICE ACTION.
>>> The
>>> > > only indicator that works consistently is called PRICE ACTION. The
>>> only
>>> > > indicator that doen't lag is called PRICE ACTION. And where does
the
>>> PRICE
>>> > > ACTION count most? At major support and resistance levels. And
>>> where do
>>> > > you find those? Where the PRICE ACTION has shown you where the
PRICE
>>> ACTION
>>> > > has been.
>>> > >
>>> >
>>> > Agree...Agree and Agree. Couldn't agree more. Agree. I hope others
>on
>>> this
>>> > forum read this bit of your post carefully and with a little thought
>they
>>> may
>>> > finally come around to realising the beauty and simplicity of K.I.S.S.
>>> Good
>>> > point here Bill. Nuff said..... :)
>>
>>
>>
>
>
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