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Bill,
You should be aware of a few things. First, I sent the message that you
responded to, privately to Essan he posted it to the form when he
responded. Second, I'm fairly aware of your position, and although we
disagree to a degree, I do not bare you any ill will. The one thing that
bothers me is that you are concerned about novice traders being taken and
at the same time those novice traders may read your post and think that
what you do is what they should do.
I think I'm on fairly safe ground saying that the vast majority of traders
and managers use indicators of some kind and I have evidence that
successful traders other than myself use indicators. There are many ways to
make trading decisions, yours is just one way. The thing that most traders
find out is that you need to remain flexible in regards to methodology. As
I told Essan; "I analyze at night and watch mostly price by day unless I
have nothing on(like now)". I don't watch the screen every minute unless
I'm looking to get in or out. So we agree partially. Wouldn't it be a party
if we could all get together and see what each other does and uses.
Continued Success,
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!!
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