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This sounds pretty good, I am tired of looking at indicators. So, do you
trade off of a quote sheet? Cause price is not a bar, or candlestick, or x
and o, or line. Price is a number, and charts are indicators. What is the
technique for trading price action? I know someone who actually does it, but
I don't understand how he does it. Will you explain it?
Thanks,
Michael
> and if you want my opinion ... forget indicators as price action discounts
> everything!! learn to interpret price action. why have an indicator
> interpret for you? this is a thinking man's game. think for yourself!
> don't let indicators think for you. you have hundreds of indicators today
> which didn't exist years ago. then why aren't more traders doing better
than
> the traders of the past? because most traders don't want to learn ...
> because most traders are not passionate about what they do ... because
most
> traders are only after the money, and they are not in pursuit of
excellence.
> most traders just want some indicator to tell them buy, sell, buy, sell.
> well if that's the case then give your money to a fund manager and he'll
do
> the same for you without you having to wake up at 5 am everyday (i live in
> PST). forget indicators. most indicators only tell you what has already
> taken place, and then it's too late. leading indicators tell you what may
> take place, and that is dangerous as it leaves you with an opinion ...
which
> i don't think a trader should ever have. however, price action tells you
> what is taking place here and now. so i will leave you with that ...
price
> ation discounts everything!! learn to understand price action and how to
> read charts. this is the art, discipline and psychological aspect of
> trading. most only master the science of trading. -sonny sarkissian-
>
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