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Michael,
I trade off of time and price patterns. I never used any moving averages
or oscillators. The only "indicator" I use is a sentiment indicator to alert
for the bigger moves.
Cheers,
Norman
----- Original Message -----
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, May 08, 2001 4:36 PM
Subject: Re: [RT] WHY...Trading Profession?
>
> 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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