My question is,do you need indicators for successful trading,or just price and volume, what is your opinion. Tape reading ,does is mean "reading" times and sales? Thank you
tape reading is the key to successful trading.... plain and simple. IMO, Technical analysis doesn't work long term
Breakouts only work because they're so popular.... when a moving averages cross, indicating a buy signal, then everyone buys.... and what happens when everyone buys? hmmm....... my tape reading would suggest that it's probably going up.
I read a post here by someone about indicators and chart reading, and now I cannot find it. It was very eloquent. Did it get deleted? Am I drinking too much already today?
I think it was deleted by the monitors due to using foul language. Someone used the word butt or nipple or something....
My post is missing. I made an analogy between indicators and thermometers and temperature and price. I didn't use the word 'analogy' at the time... so i don't know what part of what word the censor program might have found offensive.